Liquidation: LINCOLN LIFE VARIABLE ANNUITY ACCOUNT N

Form Type: 497

Filing Date: 2025-01-14

Corporate Action: Liquidation

Type: New

Accession Number: 000072686525000013

Filing Summary: This Supplement outlines a change to the investment options under individual variable annuity contracts related to the Goldman Sachs Multi-Strategy Alternatives Portfolio (the Fund). The Board of Trustees approved a proposal to liquidate the Fund, which is set to occur on or about April 11, 2025. Contractowners can transfer their investments from the Fund to another Subaccount until the close of business on April 11, 2025. After January 16, 2025, shares of the Fund will not be available for new Contractowners. Existing Contractowners may invest in the Fund until April 7, 2025. If no transfer is made by the Liquidation Date, investments will be automatically moved to the LVIP Government Money Market Fund Subaccount. Future allocations will default to this fund unless directed otherwise.

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Form Type: 497

Filing Date: 2025-01-14

Corporate Action: Liquidation

Type: New

Accession Number: 000072686525000014

Filing Summary: The document is a supplement to the prospectus for the Lincoln Life Variable Annuity Account N, specifically addressing changes to the investment options under individual variable annuity contracts. It informs investors that the Goldman Sachs Board of Trustees has approved the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, which is set to occur on or about April 11, 2025. Investors have until the close of business on April 11, 2025, to transfer their investments out of the Fund into another Subaccount. Shares of the Fund will not be available for new Contractowners as of January 16, 2025. Existing investors can continue to invest until April 7, 2025. For those who do not transfer their funds, their investments will be automatically moved to the Goldman Sachs VIT Government Money Market Fund Subaccount on the Liquidation Date. All future allocations will default to this Money Market Fund unless changed by the investor. The document urges investors to refer to the fund's prospectus for complete details on the liquidation process.

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Form Type: 497VPI

Filing Date: 2025-01-14

Corporate Action: Liquidation

Type: New

Accession Number: 000072686525000024

Filing Summary: The document outlines a change to the investment options under the Lincoln Life Variable Annuity Account N. The Board of Trustees of the Goldman Sachs Variable Insurance Trust approved a proposal to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio, with the liquidation set to occur on or about April 11, 2025. Existing investors may transfer their funds into another Subaccount before the close of business on April 11, 2025. After January 16, 2025, shares of the Fund will not be available for new investors, but existing Contractowners can invest in the Fund until April 7, 2025. If no transfer is made by the Liquidation Date, funds will be automatically transferred to the LVIP Government Money Market Fund Subaccount. Future allocations that were designated to the Fund will also be redirected to this Money Market Fund Subaccount after the transfer.

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Form Type: 497VPI

Filing Date: 2025-01-14

Corporate Action: Liquidation

Type: New

Accession Number: 000072686525000026

Filing Summary: This Supplement announces a change to the investment options under the Lincoln Life Variable Annuity Account N. The Board of Trustees of the Goldman Sachs Variable Insurance Trust approved a proposal to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio. The liquidation will occur on or about April 11, 2025, as per a Plan of Liquidation approved by the Board. The Liquidation Date may be modified without notice. Investors in the Fund can transfer their investments to another Subaccount before the closure on April 11, 2025. New investments in the Fund will no longer be permitted after January 16, 2025. Existing Contractowners may invest until April 7, 2025. Any remaining investments after the Liquidation Date will be automatically transferred to the LVIP Government Money Market Fund. Future allocation instructions will default to this fund unless specified otherwise.

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Form Type: 497VPI

Filing Date: 2025-01-14

Corporate Action: Liquidation

Type: Update

Accession Number: 000072686525000028

Filing Summary: The document is a supplement to the Summary Prospectus for the Lincoln Life Variable Annuity Account N dated May 1, 2024. It outlines a change to the investment options under the individual variable annuity contract due to the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio. The liquidation is scheduled to occur on or about April 11, 2025, as approved by the Board of Trustees of the Goldman Sachs Variable Insurance Trust. The document informs Contractowners that they may transfer their investments to another Subaccount before the Liquidation Date. Shares of the Fund will no longer be available for new Contractowners after January 16, 2025. Existing Contractowners may continue to invest in the Fund until April 7, 2025, after which any untransferred funds will be automatically moved to the LVIP Government Money Market Fund Subaccount. Future allocations will subsequently be directed to this subaccount unless otherwise instructed. Contractowners are advised to refer to the fund’s prospectus for complete details regarding the liquidation.

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Form Type: 497VPU

Filing Date: 2025-01-14

Corporate Action: Liquidation

Type: Update

Accession Number: 000072686525000018

Filing Summary: This Supplement outlines a change to the investment options under individual variable annuity contracts, specifically regarding the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio. The Board of Trustees approved a liquidation plan with an effective liquidation date of April 11, 2025, although this date may be changed at the discretion of the Trust's officers. Contractowners can transfer their investments out of the Fund until April 11, 2025, and new investments in the Fund will be halted after January 16, 2025. Existing Contractowners are allowed to continue investing until April 7, 2025, after which untransferred funds will be automatically moved to the LVIP Government Money Market Fund Subaccount. Detailed information 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: 000072686525000022

Filing Summary: This document outlines a change to the investment options under the Lincoln Life Variable Annuity Contract and announces the planned liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio (the 'Fund'). Scheduled for around April 11, 2025, the liquidation follows a Plan of Liquidation approved by the Board of Trustees of the Goldman Sachs Variable Insurance Trust (the 'Trust'). Contractowners have the opportunity to transfer funds out of the Fund to other Subaccounts until the close of business on April 11, 2025, with new investments in the Fund being restricted after January 16, 2025. Existing account holders can continue investments until April 7, 2025. If no action is taken before the liquidation date, funds will be automatically transferred to the Goldman Sachs VIT Government Money Market Fund Subaccount, and future allocations will default to this subaccount unless changed by the owner.

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