Liquidation: LINCOLN LIFE FLEXIBLE PREMIUM VARIABLE LIFE ACCOUNT M

Form Type: 497VPU

Filing Date: 2025-04-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465925039177

Filing Summary: The document serves as an updating summary prospectus for the Lincoln Life Flexible Premium Variable Life Account M, detailing important updates regarding policy features, benefits, and associated risks since the last prospectus dated May 1, 2024. Key changes include the address change of State Street Bank and Trust Company to 2323 Grand Boulevard, Kansas City, MO, and a significant acquisition where Osaic, Inc. obtained Lincoln Financial Advisors Corporation and Lincoln Financial Securities Corporation effective May 6, 2024. It outlines the addition of new funds and name changes to existing funds under the policy, as well as changes in investment objectives and related expenses. Notably, the document announces the planned liquidation of the LVIP Invesco Select Equity Income Managed Volatility Fund by May 9, 2025, with any remaining investments to be reinvested into the LVIP Government Money Market Fund if approved by shareholders. Furthermore, it emphasizes that investments are subject to risks including potential loss of principal, and highlights that policy holders should consult with tax professionals regarding tax implications of the policy investments. The document also discusses fees, charges, and potential conflicts of interest regarding investment professional compensation.

Form Type: 497VPU

Filing Date: 2025-04-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465925039184

Filing Summary: The document updates the summary prospectus for the Lincoln Life Flexible Premium Variable Life Account M. It provides important updates regarding the features, benefits, and risks of the policy. Key changes include the new address for State Street Bank and Trust Company, and the acquisition of Lincoln Financial Advisors Corporation and Lincoln Financial Securities Corporation by Osaic, effective May 6, 2024. Notably, it announces the liquidation of the LVIP Invesco Select Equity Income Managed Volatility Fund Standard Class, set to occur on or about May 9, 2025, pending shareholder approval, with remaining investments being reinvested in the LVIP Government Money Market Fund. Updated fund offerings and changes to fund names are also included, such as the reorganization of certain funds and the addition of new investment options. The document emphasizes the importance of reviewing all prospectuses and risks associated with investing in the policies, including potential loss of principal, implications of early withdrawal, and various charges related to policy maintenance.

Form Type: 497VPU

Filing Date: 2025-04-23

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465925037887

Filing Summary: The Updating Summary Prospectus for the Lincoln Life Flexible Premium Variable Life Account M reflects significant changes since the last prospectus dated May 1, 2024. Notably, the address of State Street Bank and Trust Company has changed to 2323 Grand Boulevard, 5th Floor, Kansas City, MO 64108. Additionally, an agreement was established on May 6, 2024, where Osaic Inc. acquired Lincoln Financial Advisors Corporation and Lincoln Financial Securities Corporation. The prospectus further details the liquidation of the LVIP Invesco Select Equity Income Managed Volatility Fund Standard Class, which is scheduled for May 9, 2025, requiring shareholder approval. On this liquidation date, remaining investments in the fund will be reinvested into the LVIP Government Money Market Fund. The document also includes updates on fund additions, name changes of funds, and details regarding fees, risks associated with the policy, and investment restrictions, thereby guiding existing policyholders on crucial updates and adjustments necessary in their investment decisions.

Form Type: 497

Filing Date: 2025-01-14

Corporate Action: Liquidation

Type: New

Accession Number: 000072686525000012

Filing Summary: The Lincoln Life Flexible Premium Variable Life Account M issues a supplement to the prospectus dated May 1, 2024, which outlines a change to the investment options under the variable life insurance policy. The Goldman Sachs Variable Insurance Trust's Board of Trustees has approved the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, with the liquidation scheduled on or about April 11, 2025. Investors in the Fund can transfer their money to another Subaccount until the close of business on April 11, 2025. As of January 16, 2025, new Policyowners will no longer be able to invest in the Fund, though existing Policyowners can continue until April 7, 2025. If no transfer is made by the Liquidation Date, funds will be automatically redirected to the Goldman Sachs VIT Government Money Market Fund Subaccount. Future allocations will default to this allocation unless instructed otherwise. Complete details regarding the fund liquidation can be found in the fund’s prospectus.

Form Type: 497VPU

Filing Date: 2025-01-14

Corporate Action: Liquidation

Type: New

Accession Number: 000072686525000016

Filing Summary: The document is a supplement dated January 14, 2025, outlining changes to the investment options under the Lincoln Life Flexible Premium Variable Life Account M. The main focus is on the Board of Trustees of the Goldman Sachs Variable Insurance Trust approving a liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, effective approximately April 11, 2025. As part of this plan, existing policyholders can transfer their investments to other subaccounts until the April 11, 2025 deadline. After this date, if no transfer is made, funds will automatically be moved to the Goldman Sachs VIT Government Money Market Fund Subaccount. The document also informs that after January 16, 2025, shares of the Fund will not be available for new policyowners, but existing owners can still invest until April 7, 2025.