Liquidation: LINCOLN NEW YORK ACCOUNT N FOR VARIABLE ANNUITIES

Form Type: 497VPI

Filing Date: 2025-01-14

Corporate Action: Liquidation

Type: New

Accession Number: 000072686525000030

Filing Summary: This Supplement outlines a change to the investment options under the Lincoln New York Account N for Variable Annuities, specifically regarding the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio. The Board of Trustees of the Goldman Sachs Variable Insurance Trust has approved a proposal to liquidate this Fund, which is scheduled for April 11, 2025. As a result of this liquidation, shares of the Fund will no longer be available for new Contractowners after January 16, 2025, while existing Contractowners may continue investing until April 7, 2025. Any funds not transferred out before the Liquidation Date will automatically be moved to the LVIP Government Money Market Fund Subaccount, and the allocation of future Purchase Payments will follow accordingly. Contractowners are advised to refer to the Fund’s prospectus for complete details regarding this liquidation process.

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Form Type: 497VPU

Filing Date: 2025-01-14

Corporate Action: Liquidation

Type: Update

Accession Number: 000072686525000020

Filing Summary: This document is a supplement to the Updating Summary Prospectus for the Lincoln Investor Advantage® variable annuity contract dated May 1, 2024. It details the decision by the Board of Trustees of the Goldman Sachs Variable Insurance Trust to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio effective on or about April 11, 2025. Investors in this Fund have the option to transfer their investments to another Subaccount within their contract until the close of business on April 11, 2025. From January 16, 2025, shares of the Fund will no longer be available for new Contractowners. Existing Contractowners may continue to invest until April 7, 2025. After the Liquidation Date, any remaining funds not transferred will be moved to the LVIP Government Money Market Fund Subaccount automatically. Future allocations will also be directed to this fund unless otherwise specified by the Contractowners.

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