M&A - LINCOLN LIFE VARIABLE ANNUITY ACCOUNT N

Form Type: 497

Filing Date: 2025-06-20

Corporate Action: Merger

Type: New

Accession Number: 000072686525000463

Filing Summary: This Supplement dated June 20, 2025, outlines a significant change to the investment options under individual annuity contracts. The Board of Trustees of Lincoln Variable Insurance Products Trust has approved an Agreement and Plan of Reorganization to merge the LVIP Invesco Select Equity Income Managed Volatility Fund into the LVIP BlackRock Dividend Managed Volatility Fund. This merger, referred to as the Reorganization, is not expected to be a taxable event for the contractowners. Proxy materials will provide detailed information about the Acquiring Fund and the definitive terms of the Reorganization, which is pending shareholder approval. A shareholder meeting to vote on the Reorganization is expected to occur on or about July 31, 2025, with anticipated completion around August 1, 2025. Contractowners may transfer out of the Fund prior to the Closing Date, and the investment objectives and policies of the Acquiring Fund are similar to the current Fund. Reference is made to the prospectus for more details on available investment options and specific transfer provisions.

Form Type: 497VPI

Filing Date: 2025-06-20

Corporate Action: Merger

Type: Update

Accession Number: 000072686525000471

Filing Summary: The document is a supplement to the Summary Prospectus for New Investors of Lincoln Life Variable Annuity Account N, dated June 20, 2025. It outlines an approved Agreement and Plan of Reorganization to merge the LVIP Invesco Select Equity Income Managed Volatility Fund into the LVIP BlackRock Dividend Managed Volatility Fund. This Reorganization is not expected to create a taxable event for Contractowners. Details regarding the Acquiring Fund and definitive terms of the proposed Reorganization will be included in proxy materials. The Reorganization is contingent upon approval from the shareholders of the Fund, with a meeting scheduled for about July 31, 2025, and completion expected around August 1, 2025. Contractowners are advised that they may transfer out of the Fund before this Closing Date as per contract provisions, and they may transfer into other available investment options under their contract. The investment objectives, policies, and risks associated with the Acquiring Fund are analogous to those of the Acquired Fund, with additional information on fees and expenses available in the fund's prospectus.

Form Type: 497VPI

Filing Date: 2025-06-20

Corporate Action: Merger

Type: New

Accession Number: 000072686525000473

Filing Summary: This Supplement outlines a change to the investment options under individual annuity contracts. The Board of Trustees of Lincoln Variable Insurance Products Trust has approved an Agreement and Plan of Reorganization to merge the LVIP Invesco Select Equity Income Managed Volatility Fund into the LVIP BlackRock Dividend Managed Volatility Fund. This Reorganization is not expected to be taxable for Contractowners. Proxy materials detailing the Reorganization will be distributed to shareholders of the Fund as of May 1, 2025, which is the Record Date. A shareholder meeting to discuss the Reorganization is scheduled for on or about July 31, 2025, with completion expected on or about August 1, 2025. Contractowners may transfer out of the Fund prior to the Closing Date according to the terms of their individual annuity contracts. The investment objectives, policies, and risks of the Acquiring Fund are similar to those of the Acquired Fund.

Form Type: 497VPI

Filing Date: 2025-06-20

Corporate Action: Merger

Type: New

Accession Number: 000072686525000475

Filing Summary: This Supplement outlines a change to the investment options under the individual annuity contracts, specifically detailing an Agreement and Plan of Reorganization approved by the Board of Trustees of Lincoln Variable Insurance Products Trust. This plan involves merging the LVIP Invesco Select Equity Income Managed Volatility Fund into the LVIP BlackRock Dividend Managed Volatility Fund. The Reorganization is not expected to be a taxable event for Contractowners and is subject to approval by shareholders, with a meeting scheduled for July 31, 2025. The Reorganization is anticipated to be completed by August 1, 2025. Contractowners are informed they may transfer out of the Fund under the contract provisions and are encouraged to refer to the product prospectus for other available investment options and details on transfer guidelines.

Form Type: 497VPI

Filing Date: 2025-06-20

Corporate Action: Merger

Type: Update

Accession Number: 000072686525000477

Filing Summary: This Supplement announces a change to the investment options under individual annuity contracts associated with the Lincoln Life Variable Annuity Account N. The Board of Trustees has approved an Agreement and Plan of Reorganization to merge the LVIP Invesco Select Equity Income Managed Volatility Fund into the LVIP BlackRock Dividend Managed Volatility Fund. This is referred to as the Reorganization. It is stated that the Reorganization is not expected to lead to tax implications for Contractowners. Proxy materials regarding the Reorganization will be sent to eligible shareholders, with a meeting planned for July 31, 2025, to consider the Reorganization. The expected completion of the Reorganization is around August 1, 2025. Contractowners can transfer out of the Fund prior to the Closing Date, with reference to the specific terms of their annuity contracts. Investment objectives of the Acquiring Fund mirror those of the Acquired Fund, with additional details available in the Acquiring Fund's prospectus.

Form Type: 497VPI

Filing Date: 2025-06-20

Corporate Action: Merger

Type: Update

Accession Number: 000072686525000479

Filing Summary: This document serves as a supplement dated June 20, 2025, to the Summary Prospectus for New Investors dated May 1, 2025, regarding changes to investment options under individual annuity contracts. The Board of Trustees of Lincoln Variable Insurance Products Trust has approved a merger of the LVIP Invesco Select Equity Income Managed Volatility Fund into the LVIP BlackRock Dividend Managed Volatility Fund. This Reorganization is not anticipated to trigger a taxable event for Contractowners. Shareholders of the Fund will be provided with proxy materials that contain definitive terms of the Reorganization, which is contingent upon their approval. The meeting for shareholders to discuss the Reorganization is slated for around July 31, 2025, with the merger's completion expected on approximately August 1, 2025. Contractowners have the option to transfer out of the Fund prior to the merger's Closing Date and may transfer into other available investment options within their Contract. The investment objectives and risks of the Acquiring Fund closely mirror those of the Acquired Fund.

Form Type: 497VPI

Filing Date: 2025-06-20

Corporate Action: Merger

Type: Update

Accession Number: 000072686525000481

Filing Summary: This Supplement outlines a change to the investment options under individual annuity contracts provided by Lincoln Life Variable Annuity Account N. The Board of Trustees of Lincoln Variable Insurance Products Trust has approved a Reorganization plan to merge the LVIP Invesco Select Equity Income Managed Volatility Fund into the LVIP BlackRock Dividend Managed Volatility Fund. This Reorganization is not expected to be a taxable event for Contractowners. Proxy materials detailing the Reorganization will be sent to shareholders who are Contractowners as of May 1, 2025, the Record Date. A shareholders' meeting to discuss the Reorganization is scheduled for July 31, 2025, with completion expected around August 1, 2025. Prior to the Closing Date, Contractowners can transfer from the Fund as per their individual annuity contract provisions. The investment objectives and policies of the Acquiring Fund are similar to those of the Acquired Fund, with further details available in the respective fund’s prospectus.

Form Type: 497VPU

Filing Date: 2025-06-20

Corporate Action: Merger

Type: Update

Accession Number: 000072686525000467

Filing Summary: This document serves as a supplement to the Updating Summary Prospectus for Current Contractowners dated May 1, 2025. It outlines a significant change to the investment options under the individual annuity contracts offered by Lincoln Life Variable Annuity Account N. Specifically, the Board of Trustees of Lincoln Variable Insurance Products Trust has approved an Agreement and Plan of Reorganization to merge the LVIP Invesco Select Equity Income Managed Volatility Fund into the LVIP BlackRock Dividend Managed Volatility Fund. This Reorganization is not expected to trigger a taxable event for the Contractowners. Shareholders of the Fund as of the close of business on May 1, 2025, will be provided with proxy materials regarding this merger, and a shareholder meeting is scheduled on or about July 31, 2025, with the Reorganization expected to be finalized by August 1, 2025. Contractowners are informed that they can transfer out of the Fund prior to the Closing Date, consistent with their contract's transfer provisions.