Liquidation: LINCOLN LIFE FLEXIBLE PREMIUM VARIABLE LIFE ACCOUNT M

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.

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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.

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