Updating Summary Prospectus (Form 497VPU)

Lincoln ChoicePlus AssuranceSM (B-Class) Individual Variable Annuity Contracts  

Updating Summary Prospectus for Current Contractowners

May 1, 2026

This updating summary prospectus summarizes certain changes to key features of the Lincoln ChoicePlus AssuranceSM (B-Class) variable annuity contract issued by Lincoln Life & Annuity Company of New York (Lincoln New York or Company).

You should read this updating summary prospectus carefully, particularly the section titled Important Information You Should Consider about the Lincoln ChoicePlus AssuranceSM (B-Class) contract.

The prospectus for the Lincoln ChoicePlus AssuranceSM (B-Class) variable annuity contract contains more information about the Contract's features, benefits, and risks. You can find the prospectus and other information about the Contract online at www.lfg.com/VAprospectus. You can also obtain this information at no cost by calling 1-888-868-2583 or by sending an email request to [email protected].

The Securities and Exchange Commission has not approved or disapproved the Contract or determined if this Summary Prospectus is accurate or complete. Any representation to the contrary is a criminal offense.

Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.

All prospectuses and other shareholder reports will be made available on www.lfg.com/VAprospectus.

Updated Information About Your Contract

The information in this Updating Summary Prospectus is a summary of certain contract features that have changed since the Updating Summary Prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your Contract, and not all changes may be applicable to you.

Summary of Contract Changes:

Purchase Payments. You must obtain our approval for Purchase Payments totaling $5 million or more where the only optional benefits elected are the Account Value Death Benefit and/or i4LIFE® Advantage without the Guaranteed Income Benefit and $1 million or more for all other contracts. At the Company's discretion, either amount may consider total Purchase Payments for all annuity contracts issued by the Company (or its affiliates) for the same Contractowner, joint owner, and/or Annuitant.

Summary of Changes to Benefits Available Under the Contract:

Benefits Available Under the Contract. Beginning May 18, 2026, the Lincoln Market Select® Advantage rider will no longer be available for election.

Appendix B - Investment Requirements. This section should be reviewed for any updates to the Investment Requirements that may be applicable to your Contract.

Summary of Investment Option Changes:

The following is a summary of changes to the investment options available under the Contract. Additional information including investment objectives, current expenses and average annual total returns is available in Appendix A - Investment Options Available Under The Contract.

The following fund(s) will be available on or about May 18, 2026. Please consult your registered representative.

Fund Name Changes:

  

Former Fund Name	New Fund Name
LVIP American Century Disciplined Core Value Fund	LVIP Avantis Large Cap Value Fund
LVIP Franklin Templeton Global Equity Managed Volatility Fund	LVIP Global Equity Managed Volatility Fund
LVIP Macquarie Bond Fund	LVIP Franklin Templeton Core Bond Fund
LVIP Macquarie Diversified Floating Rate Fund	LVIP Nomura Diversified Floating Rate Fund
LVIP Macquarie High Yield Fund	LVIP Nomura High Yield Fund
LVIP Macquarie Mid Cap Value Fund	LVIP Nomura Mid Cap Value Fund
LVIP Macquarie SMID Cap Core Fund	LVIP Nomura SMID Cap Core Fund
LVIP Macquarie Social Awareness Fund	LVIP Nomura Social Awareness Fund
LVIP Macquarie U.S. Growth Fund	LVIP Nomura U.S. Growth Fund
LVIP Macquarie U.S. REIT Fund	LVIP Nomura U.S. REIT Fund
LVIP SSGA Bond Index Fund	LVIP State Street Bond Index Fund
LVIP SSGA Conservative Index Allocation Fund	LVIP State Street Conservative Index Allocation Fund
LVIP SSGA Global Tactical Allocation Managed Volatility Fund	LVIP State Street Global Tactical Allocation Managed Volatility Fund

Former Fund Name	New Fund Name
LVIP SSGA International Index Fund	LVIP State Street International Index Fund
LVIP SSGA Moderate Index Allocation Fund	LVIP State Street Moderate Index Allocation Fund
LVIP SSGA Moderately Aggressive Index Allocation Fund	LVIP State Street Moderately Aggressive Index Allocation Fund
LVIP SSGA S&P 500 Index Fund	LVIP State Street S&P 500 Index Fund
LVIP SSGA Short-Term Bond Index Fund	LVIP State Street Short-Term Bond Index Fund
LVIP SSGA Small-Cap Index Fund	LVIP State Street Small-Cap Index Fund
Macquarie VIP Emerging Markets Series	Nomura VIP Emerging Markets Series
Macquarie VIP Small Cap Value Series	Nomura VIP Small Cap Value Series

 

 

Fund Reorganization(s):

Important Information You Should Consider About the Lincoln ChoicePlus AssuranceSM (B-Class) Variable Annuity Contract 

	FEES, EXPENSES, AND ADJUSTMENTS			Location in Prospectus
Are There Charges or Adjustments for Early Withdrawals?	Yes: A surrender charge may apply to a surrender or withdrawal of a Purchase Payment prior to the 7th anniversary since the Purchase Payment was invested, up to 7% of the amount withdrawn, declining to 0% over that time period. For example, if you make a withdrawal of $100,000 during the first year after your Purchase Payment, you could be assessed a charge of up to $7,000 on the Purchase Payment withdrawn. This loss will be greater if there is also a negative Interest Adjustment, taxes, or tax penalties. A surrender charge will not apply if your withdrawal is made after the 7th anniversary since a Purchase Payment was invested. If amounts are withdrawn, surrendered, or transferred from the fixed account before the expiration of a Guaranteed Period, an Interest Adjustment may apply, which may be negative. A negative Interest Adjustment will result in the loss of some or all previously- credited interest in excess of the guaranteed minimum interest rate, if any. Your loss will be greater if you also have to pay a surrender charge, taxes, or tax penalties.			●Fee Tables ●Fee Tables - Examples ●Charges, Other Deductions, and Adjustments - Surrender Charge
Are There Transaction Charges?	No: The Contract does not impose any transaction charges other than surrender charges and Interest Adjustments. Currently, there is no charge for a transfer, however, we reserve the right to charge a $25 fee for each transfer if you make more than 12 transfers in one Contract Year.			●Fee Tables ●Charges, Other Deductions, and Adjustments
Are There Ongoing Fees and Expenses?	Yes: Minimum and Maximum Annual Fee Table. The table below describes the fees and expenses that you may pay each year, depending on the investment options and optional benefits you choose. Please refer to your contract specifications page in your Contract for information about the specific fees and expenses you will pay each year based on the options you have elected.			●Fee Tables ●Fee Tables - Examples ●Charges, Other Deductions, and Adjustments ●Appendix A - Investment Options Available Under the Contract
	Annual Fee	Minimum	Maximum
	Base Contract - Account Value Death Benefit	1.27%1	1.27%1
	Base Contract - Guarantee of Principal Death Benefit	1.32%1	1.32%1
	Base Contract - Enhanced Guaranteed Minimum Death Benefit	1.57%1	1.57%1
	Fund fees and expenses	0.48%2	3.48%2
	Optional benefits available for an additional charge (for a single optional benefit, if elected)	0.40%1	2.45%3
	1 As a percentage of average Contract Value. For the base contract, also includes an amount attributable to the Annual Account Fee.
	2 As a percentage of fund net assets, before expense reimbursements or fee waiver arrangements.
	3 As an annualized percentage of the Protected Income Base.
	Lowest and Highest Annual Cost Table. Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges and negative Interest Adjustments that substantially increase costs.

Appendix A - Investment Options Available Under The Contract

Variable Options

The following is a list of funds currently available under the Contract. Depending on the optional benefits you choose, you may not be able to invest in certain funds. Current performance of the Subaccounts can be found at www.lfg.com/VAprospectus. More information about the funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at www.lfg.com/VAprospectus. You can also request this information and current fund performance at no cost by calling 1-888-868-2583 or by sending an email request to [email protected].

The current expenses and performance information below reflect fees and expenses of the Fund, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each fund's past performance is not necessarily an indication of future performance. 

Investment Objective	Fund and Adviser/Sub-adviser1	Current Expenses	Average Annual Total Returns (as of 12/31/2025)
			1 year	5 year	10 year
Long-term growth of capital.	AB VPS Discovery Value Portfolio - Class B advised by AllianceBernstein L.P.	1.07%	2.64%	8.48%	8.27%
Long-term growth of capital.	AB VPS Sustainable Global Thematic Portfolio - Class B advised by AllianceBernstein L.P.	1.19%2	6.02%	3.02%	9.80%
Long-term growth of capital.	American Funds® IS Global Growth Fund - Class 2 advised by Capital Research and Management Company	0.65%2	21.62%	8.23%	12.17%
Long-term growth of capital.	American Funds® IS Global Small Capitalization Fund - Class 2 advised by Capital Research and Management Company	0.90%2	14.64%	0.49%	7.23%
Growth of capital.	American Funds® IS Growth Fund - Class 2 advised by Capital Research and Management Company	0.58%	20.24%	13.37%	17.97%
Long-term growth of capital and income.	American Funds® IS Growth-Income Fund - Class 2 advised by Capital Research and Management Company	0.53%	18.06%	13.90%	13.92%
Long-term growth of capital.	American Funds® IS International Fund - Class 2 advised by Capital Research and Management Company	0.72%2	26.77%	3.40%	7.00%
Long-term growth of capital.	ClearBridge Variable Mid Cap Portfolio - Class II advised by Franklin Templeton Fund Adviser, LLC	1.07%	4.08%	4.23%	7.24%
Capital appreciation. A fund of funds.	DWS Alternative Asset Allocation VIP Portfolio - Class B advised by DWS Investment Management Americas, Inc.	1.31%	10.03%	4.88%	4.52%

Investment Objective	Fund and Adviser/Sub-adviser1	Current Expenses	Average Annual Total Returns (as of 12/31/2025)
			1 year	5 year	10 year
Long-term capital appreciation by investing primarily in growth-oriented equity securities of large capitalization companies.	Morgan Stanley VIF Growth Portfolio - Class II This fund is not available in contracts issued on or after October 31, 2011.	0.82%2	35.38%	3.15%	17.46%
Long-term capital appreciation.	Nomura VIP Emerging Markets Series - Service Class	1.46%2	80.77%	8.48%	11.85%
Capital appreciation.	Nomura VIP Small Cap Value Series - Service Class	1.04%	7.83%	8.93%	8.84%
Maximum real return, consistent with prudent investment management.	PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class advised by Pacific Investment Management Company, LLC	3.29%2	18.85%	10.47%	6.43%
Capital growth and current income.	Putnam VT Large Cap Value Fund - Class IB	0.79%	20.35%	15.38%	13.30%
Long-term capital appreciation.	Putnam VT Sustainable Future Fund - Class IB	1.05%2	2.66%	1.19%	9.60%
Long-term capital appreciation.	Putnam VT Sustainable Leaders Fund - Class IB	0.88%	10.69%	10.34%	14.69%
High current income consistent with preservation of capital; capital appreciation is a secondary objective.	Templeton Global Bond VIP Fund - Class 2 advised by Franklin Advisers, Inc.	0.75%2	15.73%	-0.96%	-0.15%

Fixed Options

The following is a list of fixed account options currently available under the Contract. We may change the features of the fixed account options listed below, offer new fixed account options, and terminate existing fixed account options. We will provide you with written notice at least 30 days prior to the date of any change. Depending on the optional benefits you choose, you may not be able to invest in a fixed account option.  

Name	Term	Minimum Guaranteed Interest Rate
DCA Fixed Account	3 -60 months	3.00%*

Appendix B - Investment Requirements

If you purchase a Living Benefit Rider (except i4LIFE® Advantage without Guaranteed Income Benefit), you will be subject to Investment Requirements. This means you will be limited in your choice of Subaccount investments and in how much you can invest in certain Subaccounts. This also means you will not be able to allocate Contract Value to all of the Subaccounts that are available to Contractowners who have not elected a Living Benefit Rider. We impose Investment Requirements to reduce the risk of investment losses that may require us to use our own assets to make guaranteed payments under a Living Benefit Rider.

If you elect a Living Benefit Rider, Investment Requirements apply whether you purchase the rider at Contract issue or add it to an existing Contract. The Living Benefit Rider you purchase and the date of purchase will determine which Investment Requirements will apply to your Contract. Currently, if you purchase i4LIFE® without Guaranteed Income Benefit, you will not be subject to any Investment Requirements, although we reserve the right to impose Investment Requirements for this rider in the future. If we do exercise our right to do so, you will have to reallocate your Account Value subject to such requirements.

Certain of the underlying funds that are included in the Investment Requirements, including funds managed by an adviser affiliated with us, employ risk management strategies that are intended to control the funds' overall volatility, and for some funds, to also reduce the downside exposure of the funds during significant market downturns

These funds are included under Investment Requirements (particularly in the Investment Requirements for the Managed Risk riders) in part because the reduction in volatility helps us, to reduce the risk of investment losses that may require us to use our own assets to make guaranteed payments under a Living Benefit Rider. At the same time, risk management strategies in periods of high market volatility or other market conditions, could limit your participation in market gains. This may conflict with your investment objectives by limiting your ability to maximize potential growth of your Contract Value and, in turn, the value of any guaranteed benefit that is tied to investment performance. You should consult with your registered representative to determine whether these funds align with your investment objectives. For more information about the funds and the investment strategies they employ, please refer to the funds' current prospectuses. Fund prospectuses are available by contacting us.

Riders purchased prior to January 20, 2009. Contractowners who purchased the Lincoln Lifetime IncomeSM Advantage rider from December 15, 2008 through January 19, 2009 will be subject to Investment Requirements as set forth in your Contract.

Riders purchased on or after January 20, 2009 and prior to June 30, 2009. Contractowners who have elected Living Benefit Riders (except for Lincoln SmartSecurity® Advantage or 4LATER® Advantage) between January 20, 2009 and June 30, 2009 are subject to the following Investment Requirements on the investments in their Contracts.

You can select the percentages of Contract Value to allocate to individual Subaccounts within each group, but the total investment for all Subaccounts in a group must comply with the specified minimum or maximum percentages for that group.

If you purchase a Living Benefit Rider (except i4LIFE® Advantage without Guaranteed Income Benefit), you agree to be automatically enrolled in the portfolio rebalancing option under your Contract and thereby authorize us to automatically rebalance your Contract Value on a periodic basis. (This portfolio rebalancing will continue while a death claim is being settled, if the Living Benefit Rider could continue on an additional measuring life.) On each quarterly anniversary of the effective date of the rider, we will rebalance your Contract Value, on a proportionate basis, based on your allocation instructions in effect at the time of the rebalancing. Confirmation of the rebalancing will appear on your quarterly statement.

We have divided the Subaccounts of your Contract into groups and have specified the minimum or maximum percentages of Contract Value that must be in each group at the time you purchase the rider (or when the rider Investment Requirements are enforced, if later). In addition, depending on when you purchased your Contract, you may allocate your Contract Value and Purchase Payments in accordance with certain asset allocation models, as noted below. If you terminate an asset allocation model, you must follow the Investment Requirements applicable to your rider. Some investment options are not available to you if you purchase certain riders. The Investment Requirements may not be consistent with an aggressive investment strategy. You should consult with your registered representative to determine if the Investment Requirements are consistent with your investment objectives.

At this time, the Subaccount groups are as follows: 

Group 1 Investments must be at least 30% of Contract Value or Account Value

LVIP American Century Inflation Protection Fund

LVIP BlackRock Inflation Protected Bond Fund

LVIP Fidelity Institutional AM® Total Bond Fund

LVIP Franklin Templeton Core Bond Fund

LVIP JPMorgan Core Bond Fund

LVIP JPMorgan Short Duration Bond Fund

LVIP Mondrian Global Income Fund

LVIP Nomura Diversified Floating Rate Fund

LVIP PIMCO Low Duration Bond Fund

LVIP State Street Bond Index Fund

LVIP Vanguard Bond Allocation Fund

Templeton Global Bond VIP Fund

Group 2 Investments cannot exceed 70% of Contract Value or Account Value

All other Subaccounts except as described below.

The AB VPS Sustainable Global Thematic Portfolio, the ClearBridge Variable Mid Cap Portfolio, the DWS Alternative Asset Allocation VIP Portfolio, the First Trust Capital Strength Hedged Equity Portfolio, the Lincoln Hedged Nasdaq-100 Fund, the Lincoln Hedged S&P Conservative Fund, the Lincoln Hedged S&P 500 Fund, the Lincoln Opportunistic Hedged Equity Fund, the LVIP Macquarie U.S. REIT Fund, the LVIP Franklin Templeton Multi-Factor Emerging Markets Equity Fund, LVIP State Street Emerging Markets Equity Index, the Macquarie VIP Emerging Markets Series, the PIMCO VIT CommodityRealReturn® Strategy, and the Putnam VT Sustainable Future Fund are not available with these riders. The fixed account is only available for dollar cost averaging.

To satisfy these Investment Requirements, you may allocate 100% of your Contract Value or Account Value under i4LIFE® Advantage among the Subaccounts on the following list; however, if you allocate less than 100% of Contract Value or Account Value under i4LIFE® Advantage to or among these Subaccounts, then these Subaccounts will be considered as part of Group 1 or 2 above, as

applicable, and you will be subject to the Group 1 or 2 restrictions.  

Fidelity® VIP Balanced Portfolio

Franklin Allocation VIP Fund

LVIP American Century Balanced Fund

LVIP American Century Inflation Protection Fund

LVIP American Funds Vanguard Active Passive Growth Fund

LVIP BlackRock Global Allocation Fund

LVIP BlackRock Inflation Protected Bond Fund

LVIP Fidelity Institutional AM® Total Bond Fund

LVIP Franklin Templeton Core Bond Fund

LVIP Global Conservative Allocation Managed Risk Fund

LVIP Global Growth Allocation Managed Risk Fund

LVIP Global Moderate Allocation Managed Risk Fund

LVIP JPMorgan Core Bond Fund

LVIP JPMorgan Retirement Income Fund

LVIP JPMorgan Short Duration Bond Fund

LVIP Mondrian Global Income Fund

LVIP Nomura Diversified Floating Rate Fund

LVIP PIMCO Low Duration Bond Fund

LVIP State Street Bond Index Fund

LVIP State Street Conservative Index Allocation Fund

LVIP State Street Global Tactical Allocation Managed Volatility Fund

LVIP State Street Moderate Index Allocation Fund

LVIP State Street Moderately Aggressive Index Allocation Fund

LVIP Structured Conservative Allocation Fund

LVIP Structured Moderate Allocation Fund

LVIP Structured Moderately Aggressive Allocation Fund

LVIP T. Rowe Price 2020 Fund

LVIP Vanguard Bond Allocation Fund

MFS® VIT Total Return Series

Templeton Global Bond VIP Fund

 

To satisfy these Investment Requirements, Contract Value or i4LIFE® Advantage Account Value can be allocated in accordance with certain asset allocation models, made available to you by your broker dealer. 100% of the Contract Value can be allocated to one of the following models: Lincoln State Street Structured Conservative Model, Lincoln State Street Structured Moderate Model, Lincoln State Street Structured Moderately Aggressive Model, Lincoln State Street Conservative Index Model, Lincoln State Street Moderate Index Model and Lincoln State Street Moderately Aggressive Index Model. You may only choose one asset allocation model at a time, though you may change to a different asset allocation model available in your Contract that meets the Investment Requirements or reallocate Contract Value among Group 1 or Group 2 Subaccounts as described above. If you terminate an asset allocation model, you must follow the Investment Requirements applicable to your rider.

Riders purchased on or after June 30, 2009. If you elected Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk) or i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk), you must allocate your Contract Value in accordance with the Investment Requirements for Managed Risk Riders section below. If you elect any other Living Benefit Rider you must allocate your Contract Value in accordance with the Investment Requirements for other Living Benefit Riders section below.

For all Living Benefit Riders, you can select the percentages of Contract Value (or Account Value if i4LIFE® Advantage Guaranteed Income Benefit is in effect) to allocate to individual Subaccounts within each group, but the total investment for all Subaccounts within the group must comply with the specified minimum or maximum percentages for that group.

You must hold the rider for a minimum period of time after election (the minimum time is specified under the Termination section of each rider). During this time, you will be required to adhere to the Investment Requirements. After this time, failure to adhere to the Investment Requirements will result in termination of the rider.

Certain Living Benefit Riders guarantee you the right to transition to a version of the i4LIFE® Guaranteed income Benefit even if that version is no longer available for purchase. If you transition to i4LIFE® Guaranteed Income Benefit, the Investment Requirements under your Prior Living Benefit Rider continue to apply. See i4LIFE® Advantage - i4LIFE® Advantage Guaranteed Income Benefit Transitions for a discussion of this transition.

If you purchase a Living Benefit Rider (except i4LIFE® Advantage without Guaranteed Income Benefit), you agree to be automatically enrolled in the portfolio rebalancing option under your Contract and thereby authorize us to automatically rebalance your Contract Value on a periodic basis. On each quarterly anniversary of the effective date of the rider, we will rebalance your Contract Value, on a proportionate basis, based on your allocation instructions in effect at the time of the rebalancing. Confirmation of the rebalancing will appear on your quarterly statement.

Investment Requirements for Managed Risk Riders. If you elected Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk), i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk), or if you are transitioning from this rider to i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) you must currently allocate your Contract Value among one or more of the following Subaccounts only. Not all funds may be available; refer Appendix A - Investment Options Available Under The Contract for more information. 

Group 1 Investments must be at least 20% of Contract Value or Account Value

LVIP BlackRock Inflation Protected Bond Fund

LVIP Fidelity Institutional AM® Total Bond Fund

LVIP Franklin Templeton Core Bond Fund

LVIP JPMorgan Core Bond Fund

LVIP JPMorgan Short Duration Bond Fund

LVIP Mondrian Global Income Fund1

LVIP Nomura Diversified Floating Rate Fund

LVIP PIMCO Low Duration Bond Fund

LVIP State Street Bond Index Fund

LVIP State Street Short-Term Bond Index Fund

LVIP Vanguard Bond Allocation Fund

1This fund is not available for riders purchased on or after May 21, 2018.  

Group 2 Investments cannot exceed 80% of Contract Value or Account Value

LVIP BlackRock Dividend Value Managed Volatility Fund

LVIP Blended Large Cap Growth Managed Volatility Fund

LVIP Blended Mid Cap Managed Volatility Fund

LVIP Dimensional International Equity Managed Volatility Fund

LVIP Dimensional U.S. Equity Managed Volatility Fund

LVIP Global Conservative Allocation Managed Risk Fund

LVIP Global Equity Managed Volatility Fund

LVIP Global Growth Allocation Managed Risk Fund

LVIP Global Moderate Allocation Managed Risk Fund

LVIP JPMorgan Select Mid Cap Value Managed Volatility Fund

LVIP State Street Global Tactical Allocation Managed Volatility Fund

 

Group 3 Investments cannot exceed 10% of Contract Value or Account Value

No Subaccounts at this time.

As an alternative, to satisfy these Investment Requirements, you may allocate 100% of your Contract Value or i4LIFE® Advantage Account Value among the Subaccounts listed below. If you allocate less than 100% of Contract Value or i4LIFE® Advantage Account Value to or among these Subaccounts, then the Subaccounts listed below that are also listed in Group 1 will be subject to Group 1 restrictions. Any remaining Subaccounts listed below that are not listed in Group 1 will fall into Group 2 and will be subject to Group 2

restrictions.  

LVIP BlackRock Inflation Protected Bond Fund

LVIP Fidelity Institutional AM® Total Bond Fund

LVIP Franklin Templeton Core Bond Fund

LVIP Global Conservative Allocation Managed Risk Fund

LVIP Global Growth Allocation Managed Risk Fund

LVIP Global Moderate Allocation Managed Risk Fund

LVIP JPMorgan Core Bond Fund

LVIP JPMorgan Short Duration Bond Fund

LVIP Mondrian Global Income Fund1

LVIP Nomura Diversified Floating Rate Fund

LVIP PIMCO Low Duration Bond Fund

LVIP State Street Bond Index Fund

LVIP State Street Global Tactical Allocation Managed Volatility Fund

LVIP State Street Short-Term Bond Index Fund

LVIP Vanguard Bond Allocation Fund

Investment Requirements for Lincoln Market Select® Advantage. If you elect Lincoln Market Select® Advantage, or if you are transitioning from this rider to i4LIFE® Advantage Select Guaranteed Income Benefit, you must currently allocate your Contract Value among one or more of the following Subaccounts only. Not all funds may be available; refer to Appendix A - Investment Options Available Under The Contract for more information.  

Group 1 Investments must be at least 20% of Contract Value or Account Value

LVIP American Century Inflation Protection Fund

LVIP BlackRock Inflation Protected Bond Fund

LVIP Fidelity Institutional AM® Total Bond Fund

LVIP Franklin Templeton Core Bond Fund

LVIP JPMorgan Core Bond Fund

LVIP JPMorgan Short Duration Bond Fund

LVIP Nomura Diversified Floating Rate Fund

LVIP PIMCO Low Duration Bond Fund

LVIP State Street Bond Index Fund

LVIP State Street Short-Term Bond Index Fund

LVIP Vanguard Bond Allocation Fund

 

Group 2 Investments cannot exceed 80% of Contract Value or Account Value

AB VPS Discovery Value Portfolio

American Funds® IS Global Growth Fund

American Funds® IS Growth Fund

American Funds® IS Growth-Income Fund

American Funds® IS International Fund

Fidelity® VIP Balanced Portfolio

Fidelity® VIP Contrafund® Portfolio

Fidelity® VIP Mid Cap Portfolio

First Trust Capital Strength Portfolio

First Trust Growth Strength Portfolio

First Trust International Developed Capital Strength Portfolio

Franklin Allocation VIP Fund

Franklin Income VIP Fund

Franklin Mutual Shares VIP Fund

Goldman Sachs VIT Large Cap Value Fund

Invesco V.I. EQV International Equity Fund

Invesco V.I. Global Bond Fund

LVIP AllianceBernstein Large Cap Growth Fund

LVIP American Century Balanced Fund

LVIP American Century Capital Appreciation Fund

LVIP American Century International Fund

LVIP American Century Mid Cap Value Fund

LVIP American Century Ultra® Fund

LVIP American Century Value Fund

LVIP American Funds Vanguard Active Passive Growth Fund

LVIP Avantis Large Cap Value Fund

LVIP Baron Growth Opportunities Fund

LVIP BlackRock Equity Dividend Fund

LVIP BlackRock Global Allocation Fund

LVIP Channing Small Cap Value Fund

LVIP Dimensional U.S. Core Equity 1 Fund

LVIP Franklin Templeton Multi-Factor International Equity Fund

LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund

LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund

LVIP Government Money Market Fund

LVIP JPMorgan High Yield Fund

LVIP JPMorgan Mid Cap Value Fund

LVIP JPMorgan Retirement Income Fund

LVIP JPMorgan Small Cap Core Fund

LVIP JPMorgan U.S. Equity Fund

LVIP MFS International Growth Fund

LVIP MFS Value Fund

LVIP Mondrian International Value Fund

LVIP Nomura High Yield Fund

LVIP Nomura Mid Cap Value Fund

LVIP Nomura SMID Cap Core Fund

LVIP Nomura Social Awareness Fund

LVIP Nomura U.S. Growth Fund

LVIP State Street Conservative Index Allocation Fund

LVIP State Street International Index Fund

LVIP State Street Moderate Index Allocation Fund

LVIP State Street Moderately Aggressive Index Allocation Fund

LVIP State Street S&P 500 Index Fund

LVIP State Street Small-Cap Index Fund

LVIP Structured Conservative Allocation Fund

LVIP Structured Moderate Allocation Fund

LVIP Structured Moderately Aggressive Allocation Fund

LVIP T. Rowe Price Structured Mid-Cap Growth Fund

LVIP Vanguard Domestic Equity ETF Fund

LVIP Vanguard International Equity ETF Fund

LVIP Wellington SMID Cap Value Fund

MFS® VIT Growth Series

MFS® VIT Total Return Series

Morgan Stanely VIF Growth Portfolio

Nomura VIP Small Cap Value Series

Putnam VT Large Cap Value Fund

Putnam VT Sustainable Leaders Fund

The fixed account is only available for dollar cost averaging.

As an alternative to satisfy these Investment Requirements, you may allocate 100% of your Contract Value or i4LIFE® Advantage Account Value among the Subaccounts listed below. If you allocate less than 100% of Contract Value or i4LIFE® Advantage Account Value among these Subaccounts, then the Subaccounts listed below that are also listed in Group 1 will be subject to Group 1 restrictions. Any remaining Subaccounts listed below that are not listed in Group 1 will fall into Group 2 and will be subject to Group 2

restrictions.  

Fidelity® VIP Balanced Portfolio

Franklin Allocation VIP Fund

LVIP American Century Balanced Fund

LVIP American Century Inflation Protection Fund

LVIP American Funds Vanguard Active Passive Growth Fund

LVIP BlackRock Global Allocation Fund

LVIP BlackRock Inflation Protected Bond Fund

LVIP Fidelity Institutional AM® Total Bond Fund

LVIP Franklin Templeton Core Bond Fund

LVIP JPMorgan Core Bond Fund

LVIP JPMorgan Retirement Income Fund

LVIP JPMorgan Short Duration Bond Fund

LVIP Macquarie Diversified Floating Rate Fund

LVIP PIMCO Low Duration Bond Fund

LVIP State Street Bond Index Fund

LVIP State Street Conservative Index Allocation Fund

LVIP State Street Moderate Index Allocation Fund

LVIP State Street Moderately Aggressive Index Allocation Fund

LVIP State Street Short-Term Bond Index Fund

LVIP Structured Conservative Allocation Fund

LVIP Structured Moderate Allocation Fund

LVIP Structured Moderately Aggressive Allocation Fund

LVIP Vanguard Bond Allocation Fund

MFS® VIT Total Return Series

 

Additionally, Contract Value or i4LIFE® Advantage Account Value may be allocated in accordance with certain asset allocation models made available to you by your broker-dealer. If so, currently 100% of the Contract Value or i4LIFE® Advantage Account Value can be allocated to one of the following models, if available:

You may choose only one asset allocation model at a time, though you may change to a different asset allocation model available in your Contract that meets the Investment Requirements or reallocate Contract Value or i4LIFE® Advantage Account Value according to the Investment Requirements listed above. If you terminate an asset allocation model, you must follow the Investment Requirements applicable to your rider. We may exclude an asset allocation model from being available for investment at any time, in our sole discretion. You will be notified prior to the date of such a change.

Investment Requirements for other Living Benefit Riders. If you elected a Living Benefit Rider other than Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk), i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk), or if you are transitioning from this rider to i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) you must currently allocate your Contract Value among one or more of the following Subaccounts only. Not all funds may be available, refer to the "Description of the Funds" section of this prospectus for more information. 

Group 1 Investments must be at least 30% of Contract Value or Account Value

LVIP American Century Inflation Protection Fund

LVIP BlackRock Inflation Protected Bond Fund

LVIP Fidelity Institutional AM® Total Bond Fund

LVIP Franklin Templeton Core Bond Fund

LVIP JPMorgan Core Bond Fund

LVIP JPMorgan Short Duration Bond Fund

LVIP Mondrian Global Income Fund

LVIP Nomura Diversified Floating Rate Fund

LVIP PIMCO Low Duration Bond Fund

LVIP State Street Bond Index Fund

LVIP State Street Short-Term Bond Index Fund

LVIP Vanguard Bond Allocation Fund

 

Group 2 Investments cannot exceed 70% of Contract Value or Account Value

All other Subaccounts except those in Group 3 and as described below. 

Group 3 Investments cannot exceed 10% of Contract Value or Account Value

AB VPS Sustainable Global Thematic Portfolio

American Funds IS Global Small Capitalization Fund

DWS Alternative Asset Allocation VIP Portfolio

LVIP BlackRock Real Estate Fund

LVIP Franklin Templeton Multi-Factor Emerging Markets Equity Fund

LVIP Nomura U.S. REIT Fund

MFS® VIT Utilities Series

Nomura VIP Emerging Markets Series

The PIMCO VIT CommodityRealReturn Strategy Portfolio, Templeton Global Bond VIP Fund and ClearBridge Variable Mid Cap Core Portfolio are not available with these riders. The fixed account is only available for dollar cost averaging.

As an alternative to satisfy these Investment Requirements, you may allocate 100% of your Contract Value or i4LIFE® Advantage Account Value among the Subaccounts listed below. If you allocate less than 100% of Contract Value or i4LIFE® Advantage Account Value among these Subaccounts, then the Subaccounts listed below that are also listed in Group 1 will be subject to Group 1 restrictions. Any remaining Subaccounts listed below that are not listed in Group 1 will fall into Group 2 and be subject to Group 2 restric

tions.  

Fidelity® VIP Balanced Portfolio

Franklin Allocation VIP Fund

LVIP American Century Balanced Fund

LVIP American Century Inflation Protection Fund

LVIP American Funds Vanguard Active Passive Growth Fund

LVIP BlackRock Global Allocation Fund

LVIP BlackRock Inflation Protected Bond Fund

LVIP Fidelity Institutional AM® Total Bond Fund

LVIP Franklin Templeton Core Bond Fund

LVIP Global Conservative Allocation Managed Risk Fund

LVIP Global Growth Allocation Managed Risk Fund

LVIP Global Moderate Allocation Managed Risk Fund

LVIP JPMorgan Core Bond Fund

LVIP JPMorgan Retirement Income Fund

LVIP JPMorgan Short Duration Bond Fund

LVIP Mondrian Global Income Fund

LVIP Nomura Diversified Floating Rate Fund

LVIP PIMCO Low Duration Bond Fund

LVIP State Street Bond Index Fund

LVIP State Street Conservative Index Allocation Fund

LVIP State Street Global Tactical Allocation Managed Volatility Fund

LVIP State Street Moderate Index Allocation Fund

LVIP State Street Moderately Aggressive Index Allocation Fund

LVIP State Street Short-Term Bond Index Fund

LVIP Structured Conservative Allocation Fund

LVIP Structured Moderate Allocation Fund

LVIP Structured Moderately Aggressive Allocation Fund

LVIP T. Rowe Price 2020 Fund

LVIP T. Rowe Price 2030 Fund

LVIP T. Rowe Price 2040 Fund

LVIP Vanguard Bond Allocation Fund

MFS® VIT Total Return Series

 

To satisfy these Investment Requirements, Contract Value may be allocated in accordance with certain asset allocation models (depending on when you purchased your Contract) made available to you by your broker-dealer. If so, currently 100% of the Contract Value can be allocated to one of the following models: 60/40 Elite Moderate Model, 70/30 Elite Moderate Growth Model, Lincoln State Street Structured Conservative Model, Lincoln State Street Structured Moderate Model, Lincoln State Street Structured Moderately Aggressive Model, Lincoln State Street Conservative Index Model, Lincoln State Street Moderate Index Model and Lincoln State Street Moderately Aggressive Index Model. You may only choose one asset allocation model at a time, though you may change to a different asset allocation model available in your Contract that meets the Investment Requirements or reallocate Contract Value among Group 1, Group 2 or Group 3 Subaccounts as described above. These models are not available for contracts issued on or after November 15, 2010. If you terminate an asset allocation model, you must follow the Investment Requirements applicable to your rider.