Lincoln Variable Insurance Products Trust

03/23/2026 | Press release | Distributed by Public on 03/23/2026 15:09

Prospectus by Investment Company (Form 497)

LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund
(the "Fund")

Supplement Dated March 23, 2026

Summary and Statutory Prospectuses dated May 1, 2025

Unless otherwise defined in this supplement, capitalized terms used in this

supplement have the meanings assigned to them in the Summary and Statutory Prospectuses

This Supplement updates certain information in the Summary and Statutory Prospectuses for the Fund listed above. You may obtain copies of the Fund's Summary and Statutory Prospectuses free of charge, upon request, by calling toll-free 866-436-8717 or at www.lincolnfinancial.com/lvip.

Effective May 1, 2026, the Fund's Summary and Statutory Prospectuses will be revised as follows:

The Fund's name will be changed as noted. All references to the Fund's name will be revised accordingly:

Current Fund Name

New Fund Name (Effective May 1, 2026)

LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund

LVIP BlackRock Growth ETF Allocation Managed Risk Fund

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund
(the "Fund")

Supplement Dated March 23, 2026

to the to the Statement of Additional Information ("SAI") dated May 1, 2025

Unless otherwise defined in this supplement, capitalized terms used in this

supplement have the meanings assigned to them in the SAI

This Supplement updates certain information in the SAI for the Fund listed above. You may obtain copies of the Fund's SAI free of charge, upon request, by calling toll-free 866-436-8717 or at www.lincolnfinancial.com/lvip.

Effective May 1, 2026, the Fund's SAI will be revised as follows:

The Fund's name will be changed as noted. All references to the Fund's name will be revised accordingly:

Current Fund Name

New Fund Name (Effective May 1, 2026)

LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund

LVIP BlackRock Growth ETF Allocation Managed Risk Fund

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

Lincoln Variable Insurance Products Trust published this content on March 23, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 23, 2026 at 21:09 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]