New Software Release – v70.0 – May 2025

Lincoln will be releasing a new version of its proprietary software, the Lincoln DesignIt Platform, on May 12, 2025. New Business will require a new illustration within 30 days of this date; however, we encourage you to update your Lincoln DesignIt Platform as soon as possible in order to have the updated functionality.

Illustration Enhancements

Notable Enhancements

· Lincoln WealthBuilder^SM ECV IUL

Lincoln is pleased to introduce Lincoln WealthBuilder^SM ECV IUL, the second product in Lincoln’s Elite IUL Portfolio. Lincoln WealthBuilder^SM ECV IUL is life insurance built for growth and designed for high early cash value to help clients meet their financial obligations, such as premium financing and business insurance needs while funding life insurance.

Fund updates and changes

· VUL Products

In accordance with the annual fund updates for VUL products taking place in May, the Elite Series of Funds lineup for our currently sold VUL products has been updated to reflect the following.

o Fund updates will consist of the addition of three new funds along with 3 fund name changes on existing subaccounts. Please see the Lincoln Leader for additional detail.

o The fund management fee averages for the Elite Series of Funds have been updated to reflect the current fees: Weighted Average 0.52% (previously 0.47%); and an Arithmetic Average of 0.65% (previously 0.64%).

MoneyGuard Market Advantage®

As part of the product fund updates that are occurring, the MoneyGuard Market Advantage® product will also have fund lineup updates occurring in May.

o The fund updates for MoneyGuard Market Advantage® will consist of the addition of seven new funds. Please see the Lincoln Leader for additional details on these new fund adds.

o The fund management fee averages for the MoneyGuard Market Advantage® fund lineup have been updated to reflect the current rates: Weighted Average – 0.53% (previously 0.54%); and an Arithmetic Average of 0.64% (unchanged from 0.64% in previous year).

o MoneyGuard Market Advantage® will now include Model Portfolio options for fund selections. Model portfolios offer applicants simple, check-the-box options to create a portfolio that meets their specific needs and objectives.

MoneyGuard® - What Care Costs

o Effective 5/12/25, the What Care Costs report, which is available as an Additional Report for MoneyGuard® product offerings, is being updated to provide current data. The new data being provided is based on results of the annual What Care Costs survey and will have 2024 values (the previously reflected values were based off 2023 data). Having the most recent industry data available will benefit our clients and advisors by allowing them to make informed decisions on their Long-Term Care needs through the utilization of current data. The data available provides Cost of Care values for Home Health Care and Nursing Home care on a state specific basis. The updated What Care Costs data can also be found on the following website, whatcarecosts.com/Lincoln with the code “LTC.”