New Software Release—v74.0—May 2026

Lincoln will be releasing a new version of its proprietary software, the Lincoln DesignIt Platform, on
May 11, 2026. 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

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 11 fund name changes on existing subaccounts. Please see the Lincoln Leader for additional details.

o The fund management fee averages for the Elite Series of Funds have been updated to reflect the current fees: Weighted Average 0.51% (previously 0.52%); and an Arithmetic Average of 0.66% (previously 0.65%).

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 2 new funds and 12 fund name changes. Please see the Lincoln Leader for additional details on these funds.

o The fund management fee averages for the MoneyGuard Market Advantage® fund lineup have
been updated to reflect the current rates: Weighted Average – 0.51% (previously 0.53%); and an Arithmetic Average of 0.64% (previously 0.64%).

MoneyGuard® - What Care Costs

o Effective 5/11/26, 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 2025 values (the previously reflected values were based off 2024 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”.

Important Information:

Lincoln life insurance policies are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker-dealer. The Lincoln National Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so.

Policies sold in New York are issued by Lincoln Life & Annuity Company of New York, Syracuse, NY, and distributed by Lincoln Financial Distributors, Inc., a broker-dealer.

All guarantees and benefits of the insurance policy are subject to the claims-paying ability of the issuing insurance company. They are not backed by the broker-dealer and/or insurance agency selling the policy, or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claims-paying ability of the issuer.

Products, riders, and features are subject to state availability. Limitations and exclusions may apply.

With variable products, policy values will fluctuate and are subject to market risk and to possible loss of principal.

Lincoln variable universal life insurance is sold by prospectuses. Carefully consider the investment objectives, risks, and charges and expenses of the policy and its underlying investment options. This and other important information can be found in the prospectus for the variable universal life policy and the prospectus for the underlying investment options. Prospectuses are available upon request and should be read carefully before investing or sending money. For current prospectuses, please call 800-444-2363 or go to www.LincolnFinancial.com.

It is possible coverage will expire when either no premiums are paid following the initial premium, or subsequent premiums are insufficient to continue coverage.

Only registered representatives can sell variable products.