Lincoln Variable Insurance Products Trust

12/17/2025 | Press release | Distributed by Public on 12/17/2025 11:54

Summary Prospectus by Investment Company (Form 497K)

LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

LVIP Franklin Templeton Global Equity Managed Volatility Fund

Supplement Dated December 17, 2025

to the 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 LVIP Franklin Templeton Global Equity Managed Volatility Fund (the "Fund"). 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 immediately, all references to, and information regarding, Matthew Nagle, in the Fund's Summary and Statutory Prospectuses are deleted in their entirety.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

Lincoln Variable Insurance Products Trust published this content on December 17, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 17, 2025 at 17:54 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]