<SEC-DOCUMENT>0001104659-21-053940.txt : 20210423
<SEC-HEADER>0001104659-21-053940.hdr.sgml : 20210423
<ACCEPTANCE-DATETIME>20210422175305
ACCESSION NUMBER: 0001104659-21-053940
CONFORMED SUBMISSION TYPE: 485BPOS
PUBLIC DOCUMENT COUNT: 5
FILED AS OF DATE: 20210423
DATE AS OF CHANGE: 20210422
EFFECTIVENESS DATE: 20210501
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: LINCOLN NATIONAL VARIABLE ANNUITY ACCT L
CENTRAL INDEX KEY: 0001015343
IRS NUMBER: 350472300
STATE OF INCORPORATION: IN
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 485BPOS
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-07645
FILM NUMBER: 21845922
BUSINESS ADDRESS:
STREET 1: 1300 S CLINTON ST
STREET 2: P O BOX 1110
CITY: FORT WAYNE
STATE: IN
ZIP: 46802
BUSINESS PHONE: 2604552000
MAIL ADDRESS:
STREET 1: 1300 S CLINTON ST
STREET 2: P O BOX 1110
CITY: FORT WAYNE
STATE: IN
ZIP: 46802
FORMER COMPANY:
FORMER CONFORMED NAME: LINCOLN NATIONAL VARIABLE ANNUITY ACCT L GRP VAR ANNUITY I
DATE OF NAME CHANGE: 19960524
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: LINCOLN NATIONAL VARIABLE ANNUITY ACCT L
CENTRAL INDEX KEY: 0001015343
IRS NUMBER: 350472300
STATE OF INCORPORATION: IN
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 485BPOS
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-198913
FILM NUMBER: 21845921
BUSINESS ADDRESS:
STREET 1: 1300 S CLINTON ST
STREET 2: P O BOX 1110
CITY: FORT WAYNE
STATE: IN
ZIP: 46802
BUSINESS PHONE: 2604552000
MAIL ADDRESS:
STREET 1: 1300 S CLINTON ST
STREET 2: P O BOX 1110
CITY: FORT WAYNE
STATE: IN
ZIP: 46802
FORMER COMPANY:
FORMER CONFORMED NAME: LINCOLN NATIONAL VARIABLE ANNUITY ACCT L GRP VAR ANNUITY I
DATE OF NAME CHANGE: 19960524
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0001015343
<SERIES-ID>S000011243
<SERIES-NAME>LINCOLN NATIONAL VARIABLE ANNUITY ACCOUNT L
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000149169
<CLASS-CONTRACT-NAME>Lincoln Retirement Income Rollover Version 3
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>485BPOS
<SEQUENCE>1
<FILENAME>a21-5374_1485bpos.htm
<DESCRIPTION>POST-EFFECTIVE AMENDMENT FILED PURSUANT TO SECURITIES ACT RULE 485(B)
<TEXT>
<HTML>
<HEAD>
<!--Document created using ArcPro-->
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<BODY bgcolor="white">
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:right;text-decoration:none;text-transform:none;">As filed with the
Securities and Exchange Commission on April 22, 2021</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:right;text-decoration:none;text-transform:none;">1933 Act Registration No.
333-198913</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:right;text-decoration:none;text-transform:none;">1940 Act Registration No.
811-07645</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">SECURITIES AND EXCHANGE
COMMISSION</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">Washington, D.C. 20549</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">FORM N-4</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">POST-EFFECTIVE AMENDMENT
NO. 7</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">and</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">REGISTRATION STATEMENT
UNDER THE INVESTMENT COMPANY ACT OF 1940</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">AMENDMENT NO. 128</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">Lincoln National Variable
Annuity Account L<BR>
(Exact Name of Registrant)</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">Lincoln <FONT
style="font-style:italic;">Retirement Income Rollover<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT> Version 3</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">THE LINCOLN NATIONAL LIFE
INSURANCE COMPANY<BR>
(Name of Depositor)</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">1300 South Clinton
Street<BR>
Post Office Box 1110</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;">Fort Wayne, Indiana 46801</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;">(Address of Depositor’s Principal
Executive Offices)</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">Depositor’s
Telephone Number, Including Area Code: (260) 455-2000</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;">Craig T. Beazer, Esquire</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;">The Lincoln National Life Insurance
Company<BR>
150 North Radnor Chester Road<BR>
Radnor, PA 19087</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;">(Name and Address of Agent for
Service)</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">Copy to:</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">Scott C. Durocher,
Esquire</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;">The Lincoln National Life Insurance
Company<BR>
350 Church Street</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;">Hartford, Connecticut 06103</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">Approximate Date of
Proposed Public Offering: Continuous<BR>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">It is proposed that this
filing will become effective:</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">/ / immediately upon filing
pursuant to paragraph (b) of Rule 485</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">/X/ on May 1, 2021, pursuant
to paragraph (b) of Rule 485</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">/ / 60 days after filing
pursuant to paragraph (a)(1) of Rule 485</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">/ / on __________, pursuant
to paragraph (a)(1) of Rule 485</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">Title of Securities being
registered:</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;">Interests in a separate account under
group flexible<BR>
payment deferred variable annuity contracts.</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<DIV
style="width:595pt;"></DIV>
<div style="page-break-before:always;"></div>
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:24pt;font-style:Normal;font-weight:bold;line-height:27pt;text-align:left;text-decoration:none;text-transform:none;">Lincoln <FONT
style="font-style:italic;">Retirement Income Rollover<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT> Version 3 </DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:24pt;font-style:Normal;font-weight:bold;line-height:27pt;text-align:left;text-decoration:none;text-transform:none;">Group Variable Annuity Contract with
Certificates<BR>
Lincoln National Variable Annuity Account L <BR>
</DIV>
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">May 1,
2021</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:Normal;line-height:15pt;margin-top:12pt;text-align:left;text-decoration:none;text-transform:none;">Home Office:<BR>
The Lincoln National Life Insurance Company<BR>
1300 South Clinton Street<BR>
Fort Wayne, IN 46802<BR>
1-800-234-3500</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">This prospectus describes a
group variable annuity contract and Certificates with a Guaranteed Withdrawal Benefit that is issued by The Lincoln National Life Insurance Company (Lincoln Life or Company). This contract is for use with qualified
plans under Sections 408 (IRAs) and 408A (Roth IRAs) of the tax code. Generally, you do not pay federal income tax on the contract’s growth until it is paid out. IRAs provide tax deferral, however, whether or
not the funds are invested in an annuity contract. Further, if your contract is a Roth IRA, you generally will not pay income tax on distributions, provided certain conditions are met. Therefore, there should be
reasons other than tax deferral for acquiring this contract. This contract is available to former plan participants who are eligible for a rollover distribution and wish to carry over their current Guaranteed
Withdrawal Benefit from the Lincoln <FONT
style="font-style:italic;">PathBuilder<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT> Income (formerly Lincoln <FONT
style="font-style:italic;">Secured Retirement Income<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT>)variable annuity.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The contract is designed to
accumulate Annuitant Account Value (AAV) and to provide retirement income over a certain period of time, or for life, subject to certain conditions. The benefits offered under this contract may be variable or a fixed
amount, if available, or a combination of both. This contract also offers a Death Benefit payable upon the death of the Annuitant.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The state in which your
Certificate is issued will govern whether or not certain features are available, and the applicability of any restrictions, limitations, charges and fees. All material state variations are discussed in this
prospectus, however, non-material variations may not be discussed. You should refer to your contract regarding state-specific features. Please check with your registered representative regarding availability.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The minimum initial Purchase
Payment must be an eligible rollover from a qualified plan that was invested in the Lincoln <FONT
style="font-style:italic;">PathBuilder<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT> Income (formerly Lincoln <FONT
style="font-style:italic;">Secured Retirement Income<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT>)annuity (defined as Rollover Money). In most cases, the prior participant from the qualified plan will be the
Annuitant. Additional Purchase Payments may be made, subject to certain restrictions, and must be at least $100 per payment ($25 if transmitted electronically), and at least $300 annually.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">All Purchase Payments will
be placed in Lincoln National Variable Annuity Account L (Variable Annuity Account (VAA)). The VAA is a segregated investment account of Lincoln Life. You take all the investment risk on the AAV derived from Purchase
Payments. If the Subaccount makes money, your AAV goes up; if the Subaccount loses money, it goes down. How much it goes up or down depends on the performance of the fund. <FONT
style="font-weight:bold;">We do not guarantee how the Subaccount or its fund will perform. Also, neither the U.S. Government nor any federal agency insures or guarantees your investment. The Purchase Payments are not
bank deposits, and the contract is not endorsed by any bank or government agency.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The available funds are:</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:3pt;text-align:left;text-decoration:none;text-transform:none;">Lincoln Variable Insurance
Products:</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:1.89%;text-align:left;text-decoration:none;text-transform:none;">LVIP American Global
Balanced Allocation Managed Risk Fund*</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:1.89%;text-align:left;text-decoration:none;text-transform:none;">LVIP Global Moderate
Allocation Managed Risk Fund</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">*Refer to the Description of
the Funds section of this prospectus for specific information regarding availability of funds.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">This prospectus gives you
information about the contract that you should know before deciding to invest in a contract and make Purchase Payments. You should also review the prospectus for the fund and keep all prospectuses for future
reference.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Neither the SEC nor any state
securities commission has approved this contract or determined that this prospectus is accurate or complete. Any representation to the contrary is a criminal offense.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">More information about the
contract is in the current Statement of Additional Information (SAI), dated the same date as this prospectus. The SAI is incorporated by reference into this prospectus and is legally part of this prospectus. For a
free copy of the SAI, write The Lincoln National Life Insurance Company, P.O. Box 2340, Fort Wayne, IN 46801 or call 1-800-234-3500. The SAI and other information about Lincoln Life and the VAA are also available on
the SEC's website (http://www.sec.gov). There is a table of contents for the SAI on the last page of this prospectus.<BR>
</DIV>
</DIV>
<DIV
style="margin-top:32pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:right;text-decoration:none;text-transform:none;">1</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">The
funds’ prospectuses and other shareholder reports will be made available on www.lfg.com/VAprospectus. If you wish to receive future shareholder reports in paper, free of charge, please call us at 1-800-234-3500,
send an email request to CustServSupportTeam@lfg.com, or contact your financial professional. Your election to receive reports in paper will apply to all funds available under your contract.</DIV>
</DIV>
<DIV
style="margin-top:687pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">2</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
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<DIV
style="width:100%;">
<A name="5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC"></A>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Table of Contents</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-bottom:0.5pt solid #000000;border-collapse:collapse;empty-cells:show;margin-top:12pt;width:99.14%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:94.57%;">Item
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:3pt;padding-top:3pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;">Page
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_afa9053e-8e03-4759-b3d8-a92bb2b30291_1">Special Terms</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:8pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_afa9053e-8e03-4759-b3d8-a92bb2b30291_1">4</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_1">Expense Tables</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:8pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_1">5</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_2">Summary of Common Questions</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:8pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_2">6</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_3">Condensed Financial Information</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:8pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_3">7</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_3">The Lincoln National Life Insurance Company</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:8pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_3">7</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_4">Variable Annuity Account (VAA)</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:8pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_4">8</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_6">Charges and Other Deductions</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_6">10</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_8">The Contract</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_8">12</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:10pt;padding-right:3pt;
padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_9">Guaranteed Withdrawal Benefit</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_9">13</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:10pt;padding-right:3pt;
padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_13">Surrenders and Withdrawals</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_13">17</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:10pt;padding-right:3pt;
padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_14">Annuity Payouts</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_14">18</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_15">Federal Tax Matters</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_15">19</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_19">Voting Rights</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_19">23</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_19">Distribution of the Contracts</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_19">23</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_20">Return Privilege</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_20">24</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_21">State Regulation</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_21">25</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_21">Cyber Security and Business Interruption Risks</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_21">25</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_21">Other Information</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_21">25</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_21">Legal Proceedings</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_21">25</A></FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:4pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:94.57%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_23">Statement of Additional Information Table of Contents for Lincoln National Variable Annuity Account L</A></FONT>
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:4pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.86%;"><FONT
><A href="#5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_23">27</A></FONT>
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:377pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:right;text-decoration:none;text-transform:none;">3</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<A name="5374-2-bc_xx_afa9053e-8e03-4759-b3d8-a92bb2b30291_1">
</A>
<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Special Terms</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">In this prospectus, the
following terms have the indicated meanings:</DIV>
</DIV>
<DIV
style="margin-top:33pt;">
<DIV
style="float:left;overflow:hidden;position:relative;width:47.73%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">Account or Variable Annuity Account
(VAA<FONT
style="font-weight:Normal;">)—The segregated investment account, Account L, into which we set aside and invest the assets of the contract offered in this prospectus.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Accumulation Unit<FONT
style="font-weight:Normal;">—A measure used to calculate AAV for the contract before the Annuity Commencement Date.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Annuitant (you,
your)—<FONT
style="font-weight:Normal;">The person upon whose life the annuity payments are based and the person who can exercise the rights under the contract (including investment allocations, transfers, payout option,
designation of the Beneficiary, etc.). The Annuitant was previously the participant (or the surviving spouse of a participant) in a qualified plan that was invested in the Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">PathBuilder<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;"> Income (formerly Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">Secured Retirement Income<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;">)variable annuity.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Annuitant Account Value
(AAV)<FONT
style="font-weight:Normal;">—The value of the VAA held under the contract on your (the Annuitant’s) behalf. The Contractowner will maintain an AAV for each Annuitant.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Annuity Commencement
Date<FONT
style="font-weight:Normal;">—The Valuation Date when funds are withdrawn to provide a fixed dollar payout for payment of annuity benefits under the Annuity Payout option you select .</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Annuity Payout<FONT
style="font-weight:Normal;">— An amount paid at regular intervals after the Annuity Commencement Date under one of several options available to the Annuitant and/or any other payee. This amount is paid on a
fixed basis.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Automatic Annual Step-up<FONT
style="font-weight:Normal;">—A feature that provides an automatic step-up of the Protected Income Base to the AAV, subject to certain conditions.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Benefit Year<FONT
style="font-weight:Normal;">—The 12-month period starting with the GWB Effective Date and starting with that date each subsequent year.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Beneficiary<FONT
style="font-weight:Normal;">—The person or entity you choose to receive any Death Benefit payable upon the death of the Annuitant.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Certificate<FONT
style="font-weight:Normal;">—A legal document we issue to each person covered under this group annuity contract. The Certificate is proof of participation in the contract, describes the coverage guaranteed to
you, and outlines all essential terms and conditions of the contract.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Certificate Effective
Date<FONT
style="font-weight:Normal;">—The date this Certificate is issued and in force as shown on the Certificate Specification page.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Contractowner<FONT
style="font-weight:Normal;">—The Lincoln Financial Group Trust Company, LLC.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Excess Withdrawals<FONT
style="font-weight:Normal;">—Amounts withdrawn from the AAV which may decrease or eliminate guarantees under the Guaranteed Withdrawal Benefit. All withdrawals are Excess Withdrawals except withdrawals to
provide the Guaranteed Annual Income and the Guaranteed Withdrawal Benefit charge.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Good Order<FONT
style="font-weight:Normal;">—The actual receipt at our Home Office of the requested transaction in writing or by other means we accept,</FONT></DIV>
</DIV>
<DIV
style="float:right;overflow:hidden;position:relative;width:47.73%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">along with all information and supporting
legal documentation necessary to complete the transaction. The forms we provide will identify the necessary documentation. We may, in our sole discretion, determine whether any particular transaction request is in
Good Order, and we reserve the right to change or waive any Good Order requirements at any time.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Death Benefit<FONT
style="font-weight:Normal;">—Before the Annuity Commencement Date, the amount payable to your designated Beneficiary if the Annuitant dies.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Guaranteed Annual Income
(GAI)<FONT
style="font-weight:Normal;">—The guaranteed periodic withdrawal amount available from the AAV each Benefit Year for life.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Guaranteed Annual Income
Effective Date<FONT
style="font-weight:Normal;">—The Valuation Date the request to receive Guaranteed Annual Income amounts is approved by the Home Office.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Guaranteed Withdrawal
Benefit<FONT
style="font-weight:Normal;">—This feature provides guaranteed lifetime periodic withdrawals called GAI that may increase based on Automatic Annual Step-ups and also age-based increases to the withdrawal amount,
regardless of investment performance of the contract and provided certain conditions are met.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Guaranteed Withdrawal Benefit
Effective Date (GWB Effective Date)<FONT
style="font-weight:Normal;">—The date of the first Purchase Payment into the Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">PathBuilder<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;"> Income (formerly Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">Secured Retirement Income<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;">) contract by the Annuitant.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Income Base<FONT
style="font-weight:Normal;">—A value used to calculate the Guaranteed Annual Income amount.</FONT></DIV>
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">Lincoln Life
or Lincoln<FONT
style="font-weight:Normal;"> (we, us, our, Company)—The Lincoln National Life Insurance Company.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Purchase Payments<FONT
style="font-weight:Normal;">—The sum of all amounts paid into the AAV. Purchase Payments are allocated to the VAA’s Subaccounts and are used to fund the Guaranteed Withdrawal Benefit.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Rollover Money<FONT
style="font-weight:Normal;">—An eligible rollover from a qualified plan that was previously invested in the Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">PathBuilder<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;"> Income (formerly Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">Secured Retirement Income<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;">) variable annuity.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Subaccount<FONT
style="font-weight:Normal;">—The portion of the VAA that reflects investments in Accumulation Units of the fund available under the contract.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Valuation Date<FONT
style="font-weight:Normal;">—Each day the New York Stock Exchange (NYSE) is open for trading.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Valuation Period<FONT
style="font-weight:Normal;">—The period starting at the close of trading (normally 4:00 p.m. New York time) on each day that the NYSE is open for trading (Valuation Date) and ending at the close of such trading
on the next Valuation Date.</FONT></DIV>
</DIV>
</DIV>
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style="clear:both;">
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<DIV
style="clear:both;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">4</DIV>
</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
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<A name="5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_1">
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style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Expense Tables</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The following tables describe
the fees and expenses that you will pay when investing in and surrendering the contract.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The first table describes the
fees and expenses that you will pay at the time that you invest in or surrender the contract.</DIV>
<DIV
style="background-color:#E6E6E6;border:1px Solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:9pt;text-align:center;text-decoration:none;
text-transform:none;">ANNUITANT TRANSACTION EXPENSES</DIV>
<DIV
style="border:0.5pt solid black;text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:6pt;width:98.39%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:8pt;padding-left:3pt;padding-right:9pt;padding-top:6pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:97.69%;">There are no sales charges, deferred sales charges, or surrender charges associated with this contract.<BR>
</TD><TD
style="line-height:0pt;padding-bottom:8pt;padding-right:4pt;padding-top:6pt;text-align:center;vertical-align:bottom;width:0%;"> 
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;"> </DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The next table describes the
fees and expenses that you will pay periodically during the time that you are invested in the contract, not including fund fees and expenses. <FONT
style="font-weight:Normal;"> </FONT></DIV>
<DIV
style="border:0.5pt solid black;text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:6pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.5pt;padding-left:3pt;padding-right:9pt;padding-top:6pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:87.82%;">Separate Account Annual Expense <FONT
style="font-weight:Normal;">(as a percentage of average daily net assets in the Subaccount):<BR>
</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.5pt;padding-right:9pt;padding-top:6pt;text-align:center;vertical-align:bottom;width:0%;"> 
</TD><TD
style="line-height:0pt;padding-bottom:1.5pt;padding-right:4pt;padding-top:6pt;text-align:center;vertical-align:bottom;width:8.30%;"> 
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.5pt;padding-left:13pt;padding-right:9pt;padding-top:1.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:87.82%;"><DIV
style="float:left;">Mortality and Expense Risk and Administrative Charge</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1.5pt;padding-right:9pt;padding-top:1.5pt;text-align:center;vertical-align:bottom;width:0%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.5pt;padding-left:9pt;padding-right:4pt;padding-top:1.5pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.30%;">0.45%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.5pt;padding-left:3pt;padding-right:9pt;padding-top:1.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:87.82%;"><DIV
style="float:left;">Guaranteed Withdrawal Benefit<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">1</SUP> </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1.5pt;padding-right:9pt;padding-top:1.5pt;text-align:center;vertical-align:bottom;width:0%;"> 
</TD><TD
style="line-height:0pt;padding-bottom:1.5pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:bottom;width:8.30%;"> 
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.5pt;padding-left:13pt;padding-right:9pt;padding-top:1.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:87.82%;"><DIV
style="float:left;">Guaranteed Maximum Annual Charge</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1.5pt;padding-right:9pt;padding-top:1.5pt;text-align:center;vertical-align:bottom;width:0%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.5pt;padding-left:9pt;padding-right:4pt;padding-top:1.5pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.30%;">2.00%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:8pt;padding-left:13pt;padding-right:9pt;padding-top:1.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:87.82%;"><DIV
style="float:left;">Current Annual Charge</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:8pt;padding-right:9pt;padding-top:1.5pt;text-align:center;vertical-align:bottom;width:0%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:8pt;padding-left:9pt;padding-right:4pt;padding-top:1.5pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.30%;">0.90%
</TD></TR></TABLE>
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:3pt;margin-top:4pt;width:99.43%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.86%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">(1)</SUP>
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.14%;">As a percentage of the Income Base, as increased for subsequent Purchase Payments, Automatic Annual Step-ups and decreased upon an Excess Withdrawal. The current monthly charge is 0.075%, not to exceed
the guaranteed maximum monthly percentage charge of 0.17%. This charge is deducted from the AAV on a monthly basis.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:2.86%;"> 
</TD><TD
style="line-height:1pt;text-align:left;vertical-align:top;white-space:nowrap;width:97.14%;"> 
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:1pt;font-style:Normal;font-weight:Normal;line-height:4pt;text-align:center;text-decoration:none;text-transform:none;"> </DIV>
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">The next
item shows the minimum and maximum total annual operating expenses charged by the funds that you may pay<BR>
periodically during the time that you are invested in the contract. The expenses are for the year ended December 31, 2020, adjusted to reflect anticipated changes in fees and expenses, or, for new portfolios, are
based on estimates for the current fiscal year. More detail concerning the fund's fees and expenses is contained in the prospectus for the fund.</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:6pt;width:84.09%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:2pt;padding-right:6pt;text-align:left;vertical-align:bottom;width:68.11%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt;padding-right:6pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.71%;">Minimum
</TD><TD
style="line-height:0pt;padding-bottom:2pt;padding-right:6pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt;padding-right:48pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:10.01%;">Maximum
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:48pt;padding-right:6pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:68.11%;"><DIV
style="float:left;">Total Annual Fund Operating Expenses (expenses that are deducted from fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:6pt;padding-top:1.88pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:7.71%;">0.61%
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:1.88pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:48pt;padding-top:1.88pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:10.01%;">0.73%
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:48pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:68.11%;"><DIV
style="float:left;">Total Annual Fund Operating Expenses (after contractual waivers/reimbursements*)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:7.71%;">0.60%
</TD><TD
style="line-height:0pt;padding-bottom:13pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:6pt;padding-right:48pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:10.01%;">0.71%
</TD></TR></TABLE>
</DIV>
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">*Some of
the funds have entered into contractual waiver or reimbursement arrangements that may reduce fund management and other fees and/or expenses during the period of the arrangement. These arrangements vary in length, but
no arrangement will terminate before April 30, 2022. There can be no assurance that fund expense waivers or reimbursements will be extended beyond their current terms as outlined in the fund prospectus, and they may
not cover certain expenses such as extraordinary expenses. Certain of these arrangements may provide that amounts previously waived or reimbursed may be recovered in future years. <FONT
style="font-weight:bold;">See the fund prospectus for complete information regarding annual operating expenses and any waivers or reimbursements in effect for the fund.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The following table shows the
expenses charged by the fund for the year ended December 31, 2020:<BR>
<FONT
style="font-weight:Normal;">(as a percentage of each fund’s average net assets):</FONT></DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-bottom:0.5pt solid #000000;border-collapse:collapse;empty-cells:show;margin-top:6pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;line-height:6.5pt;padding-bottom:2.25pt;padding-right:6pt;text-align:left;vertical-align:bottom;width:43.62%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:6.5pt;font-style:Normal;font-weight:Normal;line-height:9.5pt;padding-bottom:2.25pt;padding-left:6pt;padding-right:6pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.32%;">Management<BR>
Fees (before<BR>
any waivers/<BR>
reimburse-<BR>
ments)
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:6.5pt;font-style:Normal;font-weight:Normal;line-height:9.5pt;padding-bottom:2.25pt;padding-left:6pt;padding-right:1.5pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:2.01%;">+
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:6.5pt;font-style:Normal;font-weight:Normal;line-height:9.5pt;padding-bottom:2.25pt;padding-left:1.5pt;padding-right:6pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:6.71%;">12b-1 Fees<BR>
(before any<BR>
waivers/<BR>
reimburse-<BR>
ments)
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:6.5pt;font-style:Normal;font-weight:Normal;line-height:9.5pt;padding-bottom:2.25pt;padding-left:6pt;padding-right:1.5pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:2.01%;">+
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:6.5pt;font-style:Normal;font-weight:Normal;line-height:9.5pt;padding-bottom:2.25pt;padding-left:1.5pt;padding-right:6pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:6.71%;">Other<BR>
Expenses<BR>
(before any<BR>
waivers/<BR>
reimburse-<BR>
ments)
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:6.5pt;font-style:Normal;font-weight:Normal;line-height:9.5pt;padding-bottom:2.25pt;padding-left:6pt;padding-right:1.5pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:2.01%;">+
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:6.5pt;font-style:Normal;font-weight:Normal;line-height:9.5pt;padding-bottom:2.25pt;padding-left:1.5pt;padding-right:6pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:5.82%;">Acquired<BR>
Fund<BR>
Fees and<BR>
Expenses
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:6.5pt;font-style:Normal;font-weight:Normal;line-height:9.5pt;padding-bottom:2.25pt;padding-left:6pt;padding-right:1.5pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:2.01%;">=
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:6.5pt;font-style:Normal;font-weight:Normal;line-height:9.5pt;padding-bottom:2.25pt;padding-left:1.5pt;padding-right:6pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:6.71%;">Total<BR>
Expenses<BR>
(before any<BR>
waivers/<BR>
reimburse-<BR>
ments)
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:6.5pt;font-style:Normal;font-weight:Normal;line-height:9.5pt;padding-bottom:2.25pt;padding-left:6pt;padding-right:6pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:7.60%;">Total<BR>
Contractual<BR>
waivers/<BR>
reimburse-<BR>
ments<BR>
(if any)
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:6.5pt;font-style:Normal;font-weight:Normal;line-height:9.5pt;padding-bottom:2.25pt;padding-left:6pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:7.60%;">Total<BR>
Expenses<BR>
(after<BR>
Contractual<BR>
waivers/<BR>
reimburse-<BR>
ments)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.25pt;padding-left:8pt;padding-right:6pt;
padding-top:2.25pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:top;width:43.62%;">LVIP American Global Balanced Allocation Managed Risk Fund - Standard Class
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.25pt;padding-left:6pt;padding-right:6pt;
padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.32%;">0.25%
</TD><TD
style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.25pt;padding-right:1.5pt;padding-top:2.25pt;text-align:center;vertical-align:bottom;width:2.01%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.25pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.71%;">0.00%
</TD><TD
style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.25pt;padding-right:1.5pt;padding-top:2.25pt;text-align:center;vertical-align:bottom;width:2.01%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.25pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:6.71%;">0.06%
</TD><TD
style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.25pt;padding-right:1.5pt;padding-top:2.25pt;text-align:center;vertical-align:bottom;width:2.01%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.25pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:5.82%;">0.30%
</TD><TD
style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.25pt;padding-right:1.5pt;padding-top:2.25pt;text-align:center;vertical-align:bottom;width:2.01%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.25pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:6.71%;">0.61%
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.25pt;padding-left:6pt;padding-right:6pt;
padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.60%;">-0.01%
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.25pt;padding-left:6pt;padding-top:2.25pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:7.60%;">0.60%
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;
padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:43.62%;">LVIP Global Moderate Allocation Managed Risk Fund - Standard Class
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;
padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.32%;">0.25%
</TD><TD
style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:1.5pt;padding-top:2.25pt;text-align:center;vertical-align:bottom;width:2.01%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.71%;">0.00%
</TD><TD
style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:1.5pt;padding-top:2.25pt;text-align:center;vertical-align:bottom;width:2.01%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.71%;">0.05%
</TD><TD
style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:1.5pt;padding-top:2.25pt;text-align:center;vertical-align:bottom;width:2.01%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:5.82%;">0.43%
</TD><TD
style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:1.5pt;padding-top:2.25pt;text-align:center;vertical-align:bottom;width:2.01%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:6.71%;">0.73%
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;
padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.60%;">-0.02%
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-top:2.25pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:7.60%;">0.71%
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The fund has reserved the
right to impose fees when funds shares are redeemed within a specified period of time of purchase (“redemption fees”) not reflected in the table above. There are no redemption fees at this time.</DIV>
</DIV>
<DIV
style="width:100%;" type="Block">
</DIV>
<DIV
style="margin-top:21pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:right;text-decoration:none;text-transform:none;">5</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<A name="5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_2">
</A>
<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">For information concerning
compensation paid for the sales of contracts, see Distribution of the Contracts.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">EXAMPLES</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">These examples are intended to
help you compare the cost of investing in this contract with the cost of investing in other variable annuity contracts. These costs include separate account annual expenses, benefit charges and fund fees and
expenses.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The examples assume that you
invest $10,000 for the time periods indicated, and that your investment has a 5% annual return on assets and the maximum fees and expenses of the fund. The examples also assume that the guaranteed maximum contract
charges are in effect. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">1) If you surrender your
Certificate at the end of the applicable time period:</DIV>
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:34.70%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:0pt;padding-right:12pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:15.58%;">1 year
</TD><TD
style="line-height:0pt;padding-bottom:2pt;padding-right:12pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:12pt;padding-right:12pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:24.07%;">3 years
</TD><TD
style="line-height:0pt;padding-bottom:2pt;padding-right:12pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:12pt;padding-right:12pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:26.11%;">5 years
</TD><TD
style="line-height:0pt;padding-bottom:2pt;padding-right:12pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:12pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:28.25%;">10 years
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:0pt;padding-right:12pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:15.58%;">$319
</TD><TD
style="line-height:0pt;padding-bottom:13pt;padding-right:12pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:12pt;padding-right:12pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:24.07%;">$975
</TD><TD
style="line-height:0pt;padding-bottom:13pt;padding-right:12pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:12pt;padding-right:12pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:26.11%;">$1,654
</TD><TD
style="line-height:0pt;padding-bottom:13pt;padding-right:12pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:12pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;width:28.25%;">$3,460
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">2) If you annuitize or do
not surrender your Certificate at the end of the applicable time period:</DIV>
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:34.70%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:0pt;padding-right:12pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:15.58%;">1 year
</TD><TD
style="line-height:0pt;padding-bottom:2pt;padding-right:12pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:12pt;padding-right:12pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:24.07%;">3 years
</TD><TD
style="line-height:0pt;padding-bottom:2pt;padding-right:12pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:12pt;padding-right:12pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:26.11%;">5 years
</TD><TD
style="line-height:0pt;padding-bottom:2pt;padding-right:12pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:12pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:28.25%;">10 years
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:0pt;padding-right:12pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:15.58%;">$319
</TD><TD
style="line-height:0pt;padding-bottom:13pt;padding-right:12pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:12pt;padding-right:12pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:24.07%;">$975
</TD><TD
style="line-height:0pt;padding-bottom:13pt;padding-right:12pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:12pt;padding-right:12pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:26.11%;">$1,654
</TD><TD
style="line-height:0pt;padding-bottom:13pt;padding-right:12pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:12pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;width:28.25%;">$3,460
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">For more information –
See Charges and Other Deductions in this prospectus. <FONT
style="font-weight:bold;">These examples should not be considered a representation of past or future expenses. Actual expenses may be more or less than those shown.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Summary of Common
Questions</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">What kind of contract is
this?<FONT
style="font-weight:Normal;"> It is a group variable annuity contract with Certificates between the Contractowner and Lincoln Life that is designed to be an Individual Retirement Annuity (IRA) purchased with Rollover
Money from the Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">PathBuilder<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;"> Income (formerly Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">Secured Retirement Income<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;">) variable annuity. It will be issued with the Guaranteed Withdrawal Benefit. See The Contract – Guaranteed Withdrawal Benefit. This prospectus provides a general description of the
contract. Certain benefits, features, and charges may vary in certain states. You should refer to your contract for any state-specific provisions. All material state variations are discussed in this
prospectus.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Who is eligible to receive a
Certificate?<FONT
style="font-weight:Normal;"> The Certificate will be issued to former qualified plan participants (or the surviving spouse of a participant) who will purchase an IRA contract with Rollover Money. To be eligible to
receive a Certificate, the money must have been previously invested in the Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">PathBuilder<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;"> Income (formerly Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">Secured Retirement Income<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;">) variable annuity sold by Lincoln Life to the qualified plan.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">What is the Variable Annuity
Account (VAA)?<FONT
style="font-weight:Normal;"> It is a separate account we established under Indiana insurance law, and registered with the SEC as a unit investment trust. VAA assets are allocated to the Subaccount. VAA assets are not
chargeable with liabilities arising out of any other business which we may conduct. </FONT>Remember that because of your investment in the VAA you will benefit from any gain, and take a risk of any loss in the value
of the securities in the fund's portfolios.<FONT
style="font-weight:Normal;"> See Variable Annuity Account.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">What are my investment
choices?<FONT
style="font-weight:Normal;"> The VAA applies your Purchase Payments to buy shares in the LVIP American Global Balanced Allocation Managed Risk Fund or the LVIP Global Moderate Allocation Managed Risk Fund (fund). In
turn, the fund holds a portfolio of securities consistent with its investment policy. See Investments of the Variable Annuity Account – Description of the Fund.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Who invests the money?<FONT
style="font-weight:Normal;"> The investment adviser for the fund is Lincoln Investment Advisors Corporation. See Investments of the Variable Annuity Account — Description of the Fund.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">How does the contract
work?<FONT
style="font-weight:Normal;"> If we approve your application, we will issue you a Certificate that outlines your rights in the group annuity contract, which include the right to receive a Guaranteed Withdrawal Benefit,
a Death Benefit or an Annuity Payout if conditions are met. When you make Purchase Payments, you buy Accumulation Units. You will receive a Guaranteed Withdrawal Benefit if all conditions are met. If you decide to
annuitize the AAV to receive an Annuity Payout, the Accumulation Units are withdrawn to provide a fixed Annuity Payout. See The Contract.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">What charges will be taken
from my account?<FONT
style="font-weight:Normal;"> We apply a charge to the daily net asset value of the VAA that consists of a mortality and expense risk and administrative charge. There is also an additional monthly charge for the
Guaranteed Withdrawal Benefit. See Expense Tables and also the Charges and Other Deductions section of this prospectus.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The fund's investment
management fee, expenses and expense limitations, if applicable, are more fully described in the Expense Tables and also the prospectus for the fund.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">For information about the
compensation we pay for sales of contracts, see Distribution of the Contracts.</DIV>
</DIV>
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style="margin-top:35pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">6</DIV>
</DIV>
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<HR
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</P>
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style="width:100%;">
<A name="5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_3">
</A>
<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">What Purchase Payments must be
made, and how often?<FONT
style="font-weight:Normal;"> Subject to minimum payment amounts, additional payments after the initial rollover are completely flexible. Purchase Payments within 180 days of a withdrawal may be limited. For more
information, see The Contracts – Purchase Payments.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">What is the Guaranteed
Withdrawal Benefit?<FONT
style="font-weight:Normal;"> This feature provides on an annual basis guaranteed lifetime periodic withdrawals up to a guaranteed amount (referred to as Guaranteed Annual Income amounts) based on a percentage of an
Income Base with the potential for age-based increases to the Guaranteed Annual Income amount. Withdrawals may be made up to the Guaranteed Annual Income amount as long as that amount is greater than zero. The Income
Base is not available as a separate benefit upon death or surrender and is increased by subsequent Purchase Payments, Automatic Annual Step-ups to the Income Base and is decreased by Excess Withdrawals in accordance
with provisions described in this prospectus.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">How will my Annuity Payouts be
calculated?<FONT
style="font-weight:Normal;"> If you decide to annuitize, you may select an annuity option and start receiving Annuity Payouts as a fixed option. See Annuity Payouts — Annuity Options.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">What happens if I die before I
annuitize?<FONT
style="font-weight:Normal;"> Your Beneficiary may receive a Death Benefit and have options as to how the Death Benefit is paid. See Guaranteed Withdrawal Benefit — Death Prior to the Annuity Commencement
Date.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">What happens if I die on or
after the Annuity Commencement Date?<FONT
style="font-weight:Normal;"> Once you reach the Annuity Commencement Date, any applicable Death Benefit will terminate.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">May I surrender my Certificate
or make a withdrawal?<FONT
style="font-weight:Normal;"> Yes, we will allow the surrender of the contract or a withdrawal of AAV upon your written request on an approved Lincoln form. Any Excess Withdrawals may significantly reduce your Income
Base as well as your Guaranteed Annual Income amount. A portion of surrender or withdrawal proceeds may be taxable. In addition, if you decide to take a distribution before age 59½, a 10% Internal Revenue Service
(IRS) additional tax may apply. A surrender or a withdrawal also may be subject to 20% withholding. See Federal Tax Matters.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Do I get a free look at this
Certificate?<FONT
style="font-weight:Normal;"> Yes, you can cancel a Certificate within twenty days (in some states longer) of the date you receive the Certificate by giving written notice to the Home Office. See Return
Privilege.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Condensed Financial
Information</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Since no sales of this
product occurred before the date of this prospectus, financial information for the Subaccounts is not included in this prospectus or in the SAI.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Investment Results</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The VAA advertises the
annual performance of the Subaccounts for the fund on both a standardized and non-standardized basis.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The standardized calculation
measures average annual total return. This is based on a hypothetical $1,000 payment made at the beginning of a one-year, a five-year and a 10-year period. This calculation reflects all fees and charges that are or
could be imposed on all Contractowner accounts.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The non-standardized
calculation compares changes in Accumulation Unit values from the beginning of the most recently completed calendar year to the end of that year. It may also compare changes in Accumulation Unit values over shorter or
longer time periods. This calculation reflects mortality and expense risk charges. It also reflects management fees and other expenses of the fund.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">The Lincoln National Life
Insurance Company</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Lincoln National Life
Insurance Company (Lincoln Life or Company), organized in 1905, is an Indiana-domiciled insurance company, engaged primarily in the direct issuance of life insurance contracts and annuities. Lincoln Life is wholly
owned by Lincoln National Corporation (LNC), a publicly held insurance and financial services holding company incorporated in Indiana. Lincoln Life is obligated to pay all amounts promised to Contractowners under the
contracts.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Any guarantees under the
contract that exceed your AAV, such as those associated with Death Benefit options and living benefit riders are paid from our general account (not the VAA). Therefore, any amounts that we may pay under the contract
in excess of AAV are subject to our financial strength and claims-paying ability and our long-term ability to make such payments.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We issue other types of
insurance policies and financial products as well. In addition to any amounts we are obligated to pay in excess of Contract Value under the contracts, we also pay our obligations under these products from our assets
in the general account. Moreover, unlike assets held in the VAA, the assets of the general account are subject to the general liabilities of the Company and, therefore, to the Company’s general creditors. In the
event of an insolvency or receivership, payments we make from our general account to satisfy claims under the contract would generally receive the same priority as our other Contractowner obligations.</DIV>
</DIV>
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style="margin-top:27pt;width:100%;" type="Block">
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style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:right;text-decoration:none;text-transform:none;">7</DIV>
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<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The general account is not
segregated or insulated from the claims of the insurance company’s creditors. Investors look to the financial strength of the insurance companies for these insurance guarantees. Therefore, guarantees provided by
the insurance company as to benefits promised in the prospectus are subject to the claims paying ability of the insurance company and are subject to the risk that the insurance company may not be able to cover or may
default on its obligations under those guarantees.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Our Financial Condition<FONT
style="font-style:Normal;font-weight:Normal;">. Among the laws and regulations applicable to us as an insurance company are those which regulate the investments we can make with assets held in our general
account. In general, those laws and regulations determine the amount and type of investments which we can make with general account assets.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">In addition, state insurance
regulations require that insurance companies calculate and establish on their financial statements, a specified amount of reserves in order to meet the contractual obligations to pay the claims of our Contractowners.
In order to meet our claims-paying obligations, we regularly monitor our reserves to ensure we hold sufficient amounts to cover actual or expected contract and claims payments. However, it is important to note that
there is no guarantee that we will always be able to meet our claims paying obligations, and that there are risks to purchasing any insurance product.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">State insurance regulators
also require insurance companies to maintain a minimum amount of capital in excess of liabilities, which acts as a cushion in the event that the insurer suffers a financial impairment, based on the inherent risks in
the insurer’s operations. These risks include those associated with losses that we may incur as the result of defaults on the payment of interest or principal on assets held in our general account, which include
bonds, mortgages, general real estate investments, and stocks, as well as the loss in value of these investments resulting from a loss in their market value.</DIV>
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:bold;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;
">COVID-19.<FONT
style="font-style:Normal;font-weight:Normal;"> The health, economic and business conditions precipitated by the worldwide COVID-19 pandemic during 2020 adversely affected, and during 2021 are expected to continue to
adversely affect, our earnings as well as our business, results of operations and financial condition.</FONT><FONT
style="font-style:Normal;font-weight:Normal;"> As a result of the pandemic and ensuing conditions, we have experienced and expect to continue to experience a higher level of claims, which adversely affect our
earnings. We may also experience an increase in activity such as surrenders of policies, missed premium payments or 401(k)</FONT><FONT
style="font-style:Normal;font-weight:Normal;"> hardship withdrawals due to changes in consumer behavior as a result of financial stress. Because the vast majority of our employees continue to work from home, along
with many of our vendors and customers, and such conditions</FONT><FONT
style="font-style:Normal;font-weight:Normal;"> may continue well into 2021, our business</FONT><FONT
style="font-style:Normal;font-weight:Normal;"> operations may be adversely impacted,</FONT><FONT
style="font-style:Normal;font-weight:Normal;"> among other things, due to privacy incidents, cybersecurity incidents,</FONT><FONT
style="font-style:Normal;font-weight:Normal;"> technological issues or operational disruptions on the part of our vendors, and we may experience distribution disruptions as we continue to sell our products
virtually.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">How to Obtain More
Information. <FONT
style="font-style:Normal;font-weight:Normal;">We encourage both existing and prospective Contractowners to read and understand our financial statements. We prepare our financial statements on both a statutory basis
and according to Generally Accepted Accounting Principles (GAAP). Our audited GAAP financial statements, as well as the financial statements of the VAA, are located in the SAI. If you would like a free copy of the
SAI, please write to us at: PO Box 2340, Fort Wayne, IN 46801-2340, or call 1-800-234-3500. In addition, the SAI is available on the SEC’s website at http://www.sec.gov. You may obtain our audited statutory
financial statements and any unaudited statutory financial statements that may be available by visiting our website at www.LincolnFinancial.com.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">You also will find on our
website information on ratings assigned to us by one or more independent rating organizations. These ratings are opinions of an operating insurance company’s financial capacity to meet the obligations of its
insurance and annuity contracts based on its financial strength and/or claims-paying ability. Additional information about rating agencies is included in the SAI.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Lincoln Financial Group is
the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. Through its affiliates, Lincoln Financial Group offers annuities, life, group life and disability insurance, 401(k) and 403(b) plans,
and comprehensive financial planning and advisory services.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Variable Annuity Account
(VAA)</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">On April 29, 1996, the VAA
was established as an insurance company separate account under Indiana law. It is registered with the SEC as a unit investment trust under the provisions of the Investment Company Act of 1940 (1940 Act).</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The VAA is a segregated
investment account under Indiana law, meaning that its assets may not be charged with liabilities resulting from any other business that we may conduct. Income, gains and losses, whether realized or not, from assets
allocated to the VAA are, in accordance with the applicable contracts, credited to or charged against the VAA. They are credited or charged without regard to any other income, gains or losses of Lincoln Life. We are
the issuer of the contract and the obligations set forth in the contract, other than those of the Certificate holder, are ours. The VAA satisfies the definition of separate account under the federal securities laws.
We do not guarantee the investment performance of the VAA. Any investment gain or loss depends on the investment performance of the fund. The Certificate holder assumes the full investment risk for all amounts placed
in the VAA.</DIV>
</DIV>
<DIV
style="margin-top:79pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">8</DIV>
</DIV>
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<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Financial Statements</DIV>
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">The
December 31, 2020 financial statements of the VAA and the December 31, 2020 consolidated financial statements of Lincoln Life are located in the SAI. If you would like a free copy of the SAI, complete and mail the
request on the last page of this prospectus, or call 1-800-234-3500.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Investments of the Variable
Annuity Account</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Any Purchase Payments that
you allocate to the Subaccount will be allocated to the Standard Class of the fund. Shares of the fund will be sold at net asset value with no initial sales charge to the VAA in order to fund the contracts. The fund
is required to redeem fund shares at net asset value upon our request.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Investment Adviser</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Lincoln Investment Advisors
Corporation (LIA) is the investment adviser for the fund. LIA is registered under the Investment Advisers Act of 1940. As compensation for its services to the fund, the investment adviser receives a fee from the fund
which is accrued daily and paid monthly. This fee is based on the net assets of the fund, as defined in the prospectus for the fund.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Description of the Fund</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Subaccount of the VAA is
invested solely in shares of the LVIP Global Moderate Allocation Managed Risk Fund, a fund of funds. This fund is managed by an adviser affiliated with us.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The fund offered as part of
this contract may have similar investment objectives and policies to other portfolios managed by the adviser. The investment results of the fund, however, may be higher or lower than the other portfolios that are
managed by the adviser or sub-adviser. There can be no assurance, and no representation is made, that the investment results of the fund will be comparable to the investment results of any other portfolio managed by
the adviser or sub-adviser, if applicable.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The fund invests
substantially all of its assets in other funds. As a result, you will pay fees and expenses at both fund levels. This will reduce your investment return. This arrangement is referred to as funds of funds. Funds of
funds structures may have higher expenses than funds that invest directly in debt or equity securities.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">This fund may employ a risk
management strategy to provide for downside protection during sharp downward movements in equity markets. For more information about the fund and the investment strategies it employs, please refer to the fund's
current prospectuses. Fund prospectuses are available by contacting us. </DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">This fund is included as an
investment option in part, to reduce the risk of investment losses that may require us to use our own assets to make guaranteed payments under the Guaranteed Withdrawal Benefit. Our financial interest in reducing loss
and the volatility of overall AAVs, in light of our obligations to provide benefits under the rider, may be deemed to present a potential conflict of interest with respect to the interests of the Contractowner and/or
Annuitants. In addition, any negative impact to the underlying fund as a result of the risk management strategies may limit your AAV, which in turn may limit your ability to achieve step-ups of the Income Base under
the Guaranteed Withdrawal Benefit. </DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Guaranteed Withdrawal
Benefit also provides protection in the event of a market downturn. Likewise, there is an additional cost associated with the Guaranteed Withdrawal Benefit which can limit the contract’s upside participation in
the markets.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Following is a brief summary
of the fund description. More detailed information may be obtained from the current prospectus for the fund. You should read the fund prospectus that accompanies this prospectus carefully before investing. <FONT
style="font-weight:bold;">A prospectus for the fund is available by contacting us. In addition, if you receive a summary prospectus for the fund, you may obtain a full statutory prospectus by referring to the contact
information for the fund company on the cover page of the summary prospectus. Please be advised that there is no assurance that the fund will achieve its stated objective.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:10pt;text-align:left;text-decoration:none;text-transform:none;">Lincoln Variable Insurance
Products Trust<FONT
style="font-weight:Normal;">, advised by Lincoln Investment Advisors Corporation.</FONT></DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:4.55%;margin-top:4pt;width:95.45%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:1.39%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:98.61%;">LVIP American Global Balanced Allocation Managed Risk Fund (Standard Class): A balance between a high level of current income and growth of capital.
</TD></TR></TABLE>
</DIV>
<DIV
style="margin-bottom:2pt;margin-top:2pt;text-align:left;"></DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:4.55%;margin-top:4pt;width:95.45%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:1.39%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:98.61%;">LVIP Global Moderate Allocation Managed Risk Fund (Standard Class): A balance between a high level of current income and growth of capital, with an emphasis on growth of capital; a fund of funds.<BR>
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Fund Shares</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We will purchase shares of
the fund at net asset value and direct them to the Subaccount of the VAA. We will redeem sufficient shares of the fund to pay Annuity Payouts, Death Benefits, surrender/withdrawal proceeds or for other purposes
described in the contract. Redeemed shares are retired, but they may be reissued later.</DIV>
</DIV>
<DIV
style="margin-top:23pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:right;text-decoration:none;text-transform:none;">9</DIV>
</DIV>
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<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Shares of the fund are not
sold directly to the general public. They are sold to us, and may be sold to other insurance companies, for investment of the assets of the Subaccount established by those insurance companies to fund variable annuity
and variable life insurance contracts.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">When a fund sells any of its
shares both to variable annuity and to variable life insurance separate accounts, it is said to engage in mixed funding. When a fund sells any of its shares to separate accounts of unaffiliated life insurance
companies, it is said to engage in shared funding.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The fund currently engages
in mixed and shared funding. Therefore, due to differences in redemption rates or tax treatment, or other considerations, the interest of various Annuitants participating in a fund could conflict. The fund’s
Board of Directors will monitor for the existence of any material conflicts, and determine what action, if any, should be taken. The fund does not foresee any disadvantage to Annuitants arising out of mixed or shared
funding. If such a conflict were to occur, one of the separate accounts might withdraw its investment in a fund. This might force a fund to sell portfolio securities at disadvantageous prices. See the prospectuses for
the funds.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Reinvestment of Dividends and
Capital Gain Distributions</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">All dividends and capital
gain distributions of the fund are automatically reinvested in shares of the distributing funds at their net asset value on the date of distribution. Dividends are not paid out to Annuitants as additional units, but
are reflected as changes in unit values.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Addition, Deletion or
Substitution of Investments</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We reserve the right, within
the law, to make certain changes to the structure and operation of the VAA at our discretion and without your consent.<FONT
style="font-weight:Normal;"> We may add, delete, or substitute the fund for all Annuitants or only for certain classes of Annuitants. New or substitute funds may have different fees and expenses, and may only be
offered to certain classes of Annuitants.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Substitutions may be made
with respect to existing investments or the investment of future Purchase Payments, or both. We may close the Subaccount to allocations of Purchase Payments or AAV, or both, at any time in our sole discretion. The
fund, which sells shares to the Subaccount pursuant to a participation agreement, also may terminate the agreement and discontinue offering its shares to the Subaccount. A substitution might also occur if shares of a
fund should no longer be available, or if investment in the fund’s shares should become inappropriate, in the judgment of our management, for the purposes of the contract, or for any other reason in our sole
discretion.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">If the Subaccount or fund is
closed to future Purchase Payments, we may add a new investment option to the contract. As an alternative, we may substitute a new fund for the prior fund option, after obtaining any necessary approval of the SEC and
upon written notice to you. At least one variable investment option will be available at all times.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We also may:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">remove, combine, or add Subaccounts and make the new Subaccounts available to you at our discretion;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">transfer assets supporting the contract from one Subaccount to another or from the VAA to another separate account;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">combine the VAA with other separate accounts and/or create new separate accounts;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">deregister the VAA under the 1940 Act; and
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">operate the VAA as a management investment company under the 1940 Act or as any other form permitted by law.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We may modify the provisions
of the contract to reflect changes to the Subaccount and the VAA and to comply with applicable law. We will not make any changes without any necessary approval by the SEC. We will also provide you written notice.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Charges and Other
Deductions</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We will deduct the charges
described below to cover our costs and expenses, services provided and risks assumed under the contracts. We incur certain costs and expenses for the distribution and administration of the contracts and for paying the
benefits under the contracts.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Our administrative services
include:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">processing applications for and issuing the contracts;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">processing purchases and redemptions of fund shares as required;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">maintaining records;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">administering Annuity Payouts;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">furnishing accounting and valuation services (including the calculation and monitoring of daily Subaccount values);
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">reconciling and depositing cash receipts;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">providing contract confirmations; and
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:17pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">10</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<A name="xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_7">
</A>
<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">providing toll-free and website inquiry services.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The benefits we provide
include:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">a Death Benefit;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">a Guaranteed Withdrawal Benefit;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Annuity Payout benefits; and
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">cash surrender value benefits.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The risks we assume
include:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">the risk that Annuitants receiving Annuity Payouts live longer than we assumed when we calculated our guaranteed rates (these rates are incorporated in the contract and cannot be changed);
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">the risk that lifetime payments from the Guaranteed Withdrawal Benefit will exceed the AAV;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">the risk that the Death Benefits paid will exceed the actual AAV; and
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">the risk that our costs in providing the services will exceed our revenues from contract charges (which we cannot change).
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The amount of a charge may
not necessarily correspond to the costs associated with providing the services or benefits indicated by the description of the charge. Any remaining expenses will be paid from our general account which may consist,
among other things, of proceeds derived from mortality and expense risk charges deducted from the VAA. We may profit from one or more of the fees and charges deducted under the contract. We may use these profits for
any corporate purpose, including financing the distribution of the contracts.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Deductions from the VAA</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We apply to the daily net
asset value of the Subaccount a charge which is equal to an annual rate of:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:6pt;width:84.09%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:48pt;padding-right:6pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:81.19%;"><DIV
style="float:left;">Mortality and expense risk and administrative charge</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-top:0.5pt;" noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:6pt;padding-right:48pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.64%;">0.45%
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Guaranteed Withdrawal Benefit
charge:<FONT
style="font-weight:Normal;"> The annual charge for this feature is currently 0.90% (0.075% monthly). This charge is applied to the Income Base (carried over from the Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">PathBuilder<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;"> Income (formerly Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">Secured Retirement Income<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;">) contract under your former qualified retirement plan), as increased for subsequent Purchase Payments, Automatic Annual Step-ups, and decreased for Excess Withdrawals. We will deduct the
cost of this benefit from the AAV on a monthly basis, with the first deduction occurring on the Valuation Date on or next following the one-month anniversary of the Guaranteed Withdrawal Benefit Effective Date. The
amount we deduct will increase or decrease as the Income Base increases or decreases, because the charge is based on the Income Base. See Guaranteed Withdrawal Benefit – Income Base section for a discussion and
example of the impact of the changes to the Income Base.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The percentage charge may
increase no more frequently than once in a 12-month period and we will notify you in advance of the effective date of the change. The charge will not exceed the guaranteed maximum annual percentage charge of 2.00%.
The guaranteed maximum monthly percentage charge is 0.17%.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">If the AAV is reduced to
zero while you are receiving a Guaranteed Annual Income, this charge will not be deducted.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Other Charges and
Deductions</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">There are additional
deductions from and expenses paid out of the assets of the underlying fund that are more fully described in the prospectus for the fund.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Additional Information</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The sales and administrative
charges described previously may be reduced or eliminated for any particular contract. However, these charges will be reduced only to the extent that we anticipate lower distribution and/or administrative expenses, or
that we perform fewer sales or administrative services than those originally contemplated in establishing the level of those charges. Lower distribution and administrative expenses may be the result of economies
associated with:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">the use of mass enrollment procedures;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">the performance of administrative or sales functions by the employer;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">the use by an employer of automated techniques in submitting deposits or information related to deposits on behalf of its employees; or
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">any other circumstances which reduce distribution or administrative expenses.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The exact amount of sales
and administrative charges applicable to a particular contract will be stated in that contract.</DIV>
</DIV>
<DIV
style="margin-top:54pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:right;text-decoration:none;text-transform:none;">11</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<A name="5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_8">
</A>
<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">The Contract</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Purchase of Contract</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">This prospectus describes
the group variable annuity contract under which we allocate payments to the accounts of individual Annuitants and provide a Guaranteed Withdrawal Benefit if all conditions are met. Each Annuitant under the group
variable annuity contract receives a Certificate which summarizes the provisions of the group contract and is proof of participation.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Purchase Payments</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">You may make Purchase
Payments to the Subaccount at any time, prior to the Annuity Commencement Date, subject to certain conditions. You are not required to make additional Purchase Payments after the initial Purchase Payment of Rollover
Money. The minimum initial Purchase Payment is $10,000 and must be made using Rollover Money that was previously invested in the Lincoln <FONT
style="font-style:italic;">PathBuilder<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT> Income (formerly Lincoln <FONT
style="font-style:italic;">Secured Retirement Income<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT>) variable annuity, purchased by a qualified plan from Lincoln Life. Additional Purchase Payments may be made with
qualified money from any source. The minimum annual amount for additional Purchase Payments is $300. Please check with your registered representative about making additional Purchase Payments since the requirements of
your state may vary. The minimum Purchase Payment at any one time must be at least $100 ($25 if transmitted electronically). If a Purchase Payment is submitted that does not meet the minimum amount, we will contact
you to ask whether additional money will be sent, or whether we should return the Purchase Payment to you.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Purchase Payments are
allocated to the LVIP American Global Balanced Allocation Managed Risk Fund and LVIP Global Moderate Allocation Managed Risk Fund, and are used to fund the Guaranteed Withdrawal Benefit. If Purchase Payments are
discontinued, the Certificate will remain in force as a paid-up contract. If you submit a Purchase Payment to your agent, we will not begin processing the Purchase Payment until we receive it from your agent's
broker-dealer in Good Order.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The maximum annual Purchase
Payment will be limited to $500,000 without Home Office approval (excluding the Rollover Money). Purchase Payments which originate from other investment options available under your retirement plan and are made within
180 days of a withdrawal from the AAV may be limited to $25,000 in the future. After the Guaranteed Annual Income Effective Date no additional Purchase Payments will be allowed if your AAV is zero. In addition, we may
further limit or decline future Purchase Payments as long as we provide you 180 days-notice. It is possible that we could refuse any or all future Purchase Payments. If future Purchase Payments cannot be made, AAVs
and Income Bases will no longer be increased by additional Purchase Payments and you will not have the opportunity to further increase your GAI amount. You should consider these Purchase Payment limitations and how
they may impact their long-term investment plans, especially if the intent is to make additional Purchase Payments over a long period of time.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Valuation Date</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Accumulation Units will be
valued once daily at the close of trading (normally, 4:00 p.m., New York time) on each day the New York Stock Exchange is open (Valuation Date). On any date other than a Valuation Date, the Accumulation Unit value
will not change.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Allocation of Purchase
Payments</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Purchase Payments are
allocated to the VAA’s Subaccounts and are used to fund the Guaranteed Withdrawal Benefit. Purchase Payments allocated to the VAA are converted into Accumulation Units and are credited to the account of each
Annuitant. The number of Accumulation Units credited is determined by dividing the Purchase Payment by the value of an Accumulation Unit on the Valuation Date on which the Purchase Payment is received in Good Order at
our Home Office if received before 4:00 p.m., New York time or the close of trading of the New York Stock Exchange. Purchase Payments received in Good Order at or after 4:00 p.m., New York time will be processed using
the Accumulation Unit value computed on the next Valuation Date. The number of Accumulation Units determined in this way is not changed by any subsequent change in the value of an Accumulation Unit. However, the
dollar value of an Accumulation Unit will vary depending not only upon how well the fund performs, but also upon the expenses of the VAA and the fund.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Valuation of Accumulation
Units</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Purchase Payments allocated
to the VAA are converted into Accumulation Units. This is done by dividing the amount allocated by the value of an Accumulation Unit for the Valuation Period during which the Purchase Payments are allocated to the
VAA. The Accumulation Unit value for the Subaccount was established at the inception of the Subaccount. It may increase or decrease from Valuation Period to Valuation Period. Accumulation Unit values are affected by
investment performance of the fund, fund expenses, and the deduction of certain contract charges. We determine the value of an Accumulation Unit on the last day of any following Valuation Period as follows:</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">1. The total value of
the fund shares held in the Subaccount is calculated by multiplying the number of fund shares owned by the Subaccount at the beginning of the Valuation Period by the net asset value per share of the fund at the end of
the Valuation Period, and adding any dividend or other distribution of the fund if an ex-dividend date occurs during the Valuation Period; minus</DIV>
</DIV>
<DIV
style="margin-top:41pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">12</DIV>
</DIV>
</DIV>
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style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
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style="width:100%;">
<A name="5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_9">
</A>
<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">2. The liabilities of
the Subaccount at the end of the Valuation Period; these liabilities include daily charges imposed on the Subaccount, and may include a charge or credit with respect to any taxes paid or reserved for by us that we
determine result from the operations of the VAA; and</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">3. The result is
divided by the number of Subaccount units outstanding at the beginning of the Valuation Period.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The daily charges imposed on
the Subaccount for any Valuation Period are equal to the daily mortality and expense risk charge multiplied by the number of calendar days in the Valuation Period. In certain circumstances (for example, when separate
account assets are less than $1,000), and when permitted by law, it may be prudent for us to use a different standard industry method for this calculation, called the Net Investment Factor method. We will achieve
substantially the same result using either method.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Guaranteed Withdrawal
Benefit</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Guaranteed Withdrawal
Benefit provides for each Annuitant (and spouse if the joint life option is elected):</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Guaranteed lifetime periodic withdrawals up to the Guaranteed Annual Income amount which is based upon a guaranteed Income Base;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Automatic Annual Step-ups of the Income Base to the AAV if the AAV is equal to or greater than the Income Base and the maximum age(s) has not been reached;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">Age-based increases to the Guaranteed Annual Income amount (after reaching a higher age-band and after an Automatic Annual Step-up).
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Please note any withdrawals
made prior to the Guaranteed Annual Income Effective Date or that exceed the Guaranteed Annual Income amount (referred to as Excess Withdrawals) may significantly reduce the Income Base as well as the Guaranteed
Annual Income amount by an amount greater than the dollar amount of the Excess Withdrawal and will terminate the benefit if the Income Base is reduced to zero.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Guaranteed Withdrawal
Benefit provides guaranteed, periodic withdrawals for your life or for the lives of you and your spouse (joint life option) regardless of the investment performance of the contract, provided that certain conditions
are met. For purposes of this Guaranteed Withdrawal Benefit, spouse means an individual who would be recognized as a spouse under federal law. An Income Base is used to calculate the Guaranteed Annual Income payment
from AAV, but is not available as a separate benefit upon death or surrender. The Income Base will be carried over from the Lincoln <FONT
style="font-style:italic;">PathBuilder<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT> Income (formerly Lincoln <FONT
style="font-style:italic;">Secured Retirement Income<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT>) variable annuity under your previous retirement plan. The Income Base will be increased by subsequent Purchase
Payments and Automatic Annual Step-ups, and decreased by Excess Withdrawals in accordance with the provisions set forth below. Limits on Purchase Payments are discussed in the Purchase Payments section of this
prospectus. <FONT
style="font-weight:bold;">No additional Purchase Payments are allowed if the AAV decreases to zero after the Guaranteed Annual Income Effective Date for any reason.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Guaranteed Withdrawal
Benefit provides for guaranteed, periodic withdrawals up to the Guaranteed Annual Income amount commencing after you (single life option) or the younger of you or your spouse (joint life option) reach age 55. The
Guaranteed Annual Income payments are based upon specified percentages of the Income Base. The specified withdrawal percentages of the Income Base are age-based and may increase over time. With the single life option,
you may receive Guaranteed Annual Income payments for life. Under the joint life option, Guaranteed Annual Income amounts for the lifetimes of you and your spouse will be available.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Income Base.<FONT
style="font-weight:Normal;"> The Income Base is a value used to calculate the Guaranteed Annual Income amount. The Income Base is not available as a lump sum withdrawal or as a Death Benefit. The initial Income Base
under this Certificate is the amount of your Income Base that was transferred from the Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">PathBuilder<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;"> Income (formerly Lincoln</FONT><FONT
style="font-style:italic;font-weight:Normal;"> Secured Retirement Income<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;">) variable annuity contract under your former retirement plan. The maximum Income Base is $2,000,000. This maximum takes into consideration the total guaranteed amounts under the living
benefit riders of all Lincoln Life contracts (or contracts issued by our affiliates) in which you (and/or your spouse if joint life option) are the covered lives.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Each additional Purchase
Payment automatically increases the Income Base by the amount of the Purchase Payment (not to exceed the maximum Income Base). Additional Purchase Payments will not be allowed after the Guaranteed Annual Income
Effective Date if the AAV decreases to zero for any reason including market loss.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Excess Withdrawals reduce
the Income Base as discussed below. Withdrawals less than or equal to the Guaranteed Annual Income amount, amounts deducted for the Guaranteed Withdrawal Benefit charge, and any recordkeeping charge of 0.20% or less
assessed by your IRA custodian will not reduce the Income Base. All withdrawals prior to the Guaranteed Annual Income Effective Date are considered Excess Withdrawals.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Automatic Annual Step-ups of
the Income Base.<FONT
style="font-weight:Normal;"> The Income Base will automatically step-up to the AAV on the Valuation Date immediately prior to each Benefit Year anniversary if:</FONT></DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;" cellpadding="6" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:3.41%;">a)
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:96.59%;">the Annuitant (single life option), or the Annuitant or spouse (joint life option) are still living and under age 86 (if both spouses are living, they both must be under age 86); and
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:3.41%;">b)
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:96.59%;">the AAV on that Valuation Date, after the deduction of any withdrawals (including the Guaranteed Withdrawal Benefit charge), plus any Purchase Payments made on that date, is equal to
or greater than the Income Base.
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:11pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:right;text-decoration:none;text-transform:none;">13</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
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<DIV
style="width:100%;">
<A name="xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_10">
</A>
<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Automatic Annual Step-up
is available even in those years when a withdrawal has occurred.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Following is an example of
how the Automatic Annual Step-ups will work (assuming no withdrawals or additional Purchase Payments):</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:6pt;width:84.09%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:2pt;padding-right:6pt;text-align:left;vertical-align:bottom;width:65.65%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt;padding-right:6pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.02%;">AAV
</TD><TD
style="line-height:0pt;padding-bottom:2pt;padding-right:6pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt;padding-right:48pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.16%;">Income Base
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:48pt;padding-right:6pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:65.65%;"><DIV
style="float:left;">Initial Rollover Money $50,000</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:6pt;padding-top:1.88pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.02%;">$50,000
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:1.88pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:48pt;padding-top:1.88pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.16%;">$50,000
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:48pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:65.65%;"><DIV
style="float:left;">Valuation Date immediately prior to 1<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">st</SUP> Benefit Year anniversary</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.02%;">$54,000
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:48pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.16%;">$54,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:48pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:65.65%;"><DIV
style="float:left;">Valuation Date immediately prior to 2<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">nd</SUP> Benefit Year anniversary</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.02%;">$53,900
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:48pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.16%;">$54,000
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:48pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:65.65%;"><DIV
style="float:left;">Valuation Date immediately prior to 3<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">rd</SUP> Benefit Year anniversary</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.02%;">$57,000
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:48pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.16%;">$57,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:48pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:65.65%;"><DIV
style="float:left;">Valuation Date immediately prior to 4<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">th</SUP> Benefit Year anniversary</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.02%;">$64,000
</TD><TD
style="line-height:0pt;padding-bottom:13pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:6pt;padding-right:48pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.16%;">$64,000
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Withdrawal Amount. <FONT
style="font-weight:Normal;">If the Guaranteed Annual Income Effective Date occurred under the Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">Secured Retirement Income<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;"> contract, the Guaranteed Annual Income will continue under this Certificate, using the same Guaranteed Annual Income calculation. If the Certificate Effective Date is not the same as the
Benefit Year anniversary date, you will receive only the amount of Guaranteed Annual Income remaining from the Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">PathBuilder<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;"> Income (formerly Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">Secured Retirement Income<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;">) contract for that Benefit Year until your next Benefit Year anniversary.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">For those who have not
previously requested a Guaranteed Annual Income Effective Date, you may request to begin Guaranteed Annual Income withdrawals by submitting a request to the Home Office. The Valuation Date the request is approved is
the Guaranteed Annual Income Effective Date. At that time, you will elect either the single life option or the joint life option of the Guaranteed Withdrawal Benefit. After the Guaranteed Annual Income Effective Date,
periodic withdrawals up to the Guaranteed Annual Income amount may be taken each Benefit Year for your lifetime (single life option) or the lifetimes of you and your spouse (joint life option) as long as the
Guaranteed Annual Income amount is greater than zero. Guaranteed Annual Income withdrawals may be taken once you (single life option) or the younger of you and your spouse (joint life option) turn age 55. If the
Guaranteed Annual Income Effective Date does not occur on a Benefit Year anniversary, the Guaranteed Annual Income amount for the first year will be prorated based on the number of days remaining in that Benefit
Year.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Upon the Guaranteed Annual
Income Effective Date, the Weighted Average Guaranteed Annual Income (“WAGAI”) percentage is calculated, based on your age (single life option) or the age of the younger of you and your spouse (joint life
option). After the Guaranteed Annual Income Effective Date, the Guaranteed Annual Income amount percentage will increase on a Benefit Year anniversary on or after an applicable higher age band has been reached only
after there has also been an Automatic Annual Step-up. The Automatic Annual Step-up must occur after the date you (or spouse if applicable) reached the higher age band. If an applicable age band has been reached and
there has not also been an Automatic Annual Step-up, then the Guaranteed Annual Income amount percentage will not increase until the next Automatic Annual Step-up occurs. If the entire Guaranteed Annual Income amount
is not withdrawn during a Benefit Year, there is no carryover of the remaining amount into the next Benefit Year.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Weighted Average Guaranteed
Annual Income Percentage (WAGAI). <FONT
style="font-weight:Normal;">Under the Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">PathBuilder<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;"> Income (formerly Lincoln </FONT><FONT
style="font-style:italic;font-weight:Normal;">Secured Retirement Income<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT><FONT
style="font-weight:Normal;">)contract and this Certificate, Guaranteed Annual Income percentages were provided for different ages and for single and joint life options on different tables (“Tables”). The
Current Table of Guaranteed Annual Income Percentages by Ages is shown below. A WAGAI percentage will be used to calculate the Guaranteed Annual Income. A WAGAI percentage will be calculated based on the portion of
Purchase Payments, Automatic Annual Step-Ups and Excess Withdrawals that are allocated to each Table that was in effect when Purchase Payments were made. The percentage for each Table is determined according to this
formula: (a) divided by (b) times (c); where</FONT></DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;" cellpadding="6" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:3.41%;">(a)
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:96.59%;">is the portion of the Income Base calculated on the basis of Purchase Payments made during the time the specific Table is in effect and adjusted by Automatic Annual Step-Ups and Excess Withdrawals;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:3.41%;">(b)
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:96.59%;">is the total Income Base for all Tables;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:3.41%;">(c)
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:96.59%;">is the applicable percentage for the age and measuring life option for that Table.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The percentage for each
applicable Table will be calculated according to the formula above. Then the percentages determined for each Table will be added together to determine the WAGAI percentage. The WAGAI percentage will be recalculated
following the date of an additional Purchase Payment, Automatic Annual Step-Up or Excess Withdrawal. The Income Base allocated to each rate Table will be reduced by the same proportion that the Excess Withdrawal
reduces the AAV.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The following example
demonstrates how the WAGAI is calculated if Purchase Payments are made while two different Tables are in effect:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:6pt;width:84.09%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:48pt;padding-right:6pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:77.82%;"><DIV
style="float:left;">Total Purchase Payment during Year 1 (Table 1 in effect)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:48pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;width:10.02%;">$<FONT
style="padding-left:5pt;"></FONT>5,000
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:48pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:77.82%;"><DIV
style="float:left;">Automatic Step-Up of Income Base to market value on Benefit Year anniversary</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:48pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:10.02%;">$<FONT
style="padding-left:5pt;"></FONT>5,900
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:48pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:77.82%;"><DIV
style="float:left;">Total Purchase Payments during Year 2 (Table 2 in effect)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:48pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:10.02%;">$<FONT
style="padding-left:5pt;"></FONT>5,000
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:48pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:77.82%;"><DIV
style="float:left;">Market loss so no Automatic Step-Up on Benefit Year anniversary</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:6pt;padding-right:48pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:10.02%;">$10,900
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:27pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">14</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<A name="xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_11">
</A>
<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Annuitant is age 60 on
the Guaranteed Annual Income Effective Date. The percentage rate for this Annuitant under Table 1 was 4% (single life). The percentage rate under Table 2 was 3.5%.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">According to the formula
above, at the end of year 2 the percentage attributed to the first Table is ($5,900 / $10,900 x 4%) = 2.16%. The percentage attributed to the second Table is ($5,000 / $10,900 x 3.5%) = 1.61%. Adding the two rates
together results in a WAGAI of 3.77%. This rate will be applied to the Total Income Base of $10,900 to produce a Guaranteed Annual Income amount of $410.93.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;">Current Table of Guaranteed Annual Income
Percentages by Ages</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:6pt;width:84.09%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:48pt;padding-right:6pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:37.44%;">Age
</TD><TD
style="line-height:0pt;padding-bottom:2pt;padding-right:6pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt;padding-right:6pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:23.77%;">Guaranteed<BR>
Annual Income amount<BR>
percentage (Single Life Option)
</TD><TD
style="line-height:0pt;padding-bottom:2pt;padding-right:6pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt;padding-right:48pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:22.62%;">Guaranteed Annual Income<BR>
amount percentage<BR>
(Joint Life Option)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:48pt;padding-right:6pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:37.44%;"><DIV
style="float:left;">At Least 55 and under 65</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:1.88pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:6pt;padding-top:1.88pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:23.77%;">4%
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:1.88pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:48pt;padding-top:1.88pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:22.62%;">3.5%
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:48pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:37.44%;"><DIV
style="float:left;">65-70</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:23.77%;">5%
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:48pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:22.62%;">4.5%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:48pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:37.44%;"><DIV
style="float:left;">71+</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:13pt;padding-right:6pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:23.77%;">6%
</TD><TD
style="line-height:0pt;padding-bottom:13pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:13pt;padding-left:6pt;padding-right:48pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:22.62%;">5.5%
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">We may
change the Table of Guaranteed Annual Income Percentages by Ages (“Table”) for future Purchase Payments. We will provide you with notice of any change to the Table.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">If the AAV is reduced to
zero while receiving a Guaranteed Annual Income amount because of market performance, Guaranteed Withdrawal Benefit charges or the recordkeeping charge of 0.20% or less assessed by your IRA custodian, payments equal
to the Guaranteed Annual Income amount will continue automatically for your life (and your spouse's life if applicable). The remaining Income Base is not available as a lump sum withdrawal. <FONT
style="font-weight:bold;">You will not be entitled to the Guaranteed Annual Income amount if the Income Base is reduced to zero as a result of an Excess Withdrawal. If the Income Base is reduced to zero due to an
Excess Withdrawal the Guaranteed Withdrawal Benefit will terminate, and you will have no more rights or benefits under this contract.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Withdrawals equal to or less
than the Guaranteed Annual Income amount will not reduce the Income Base. All withdrawals will decrease the AAV.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The following example shows
the calculation of the Guaranteed Annual Income amount and how withdrawals less than or equal to the Guaranteed Annual Income amount affect the Income Base and the AAV. The example assumes that the Annuitant is age 58
(4% Guaranteed Annual Income percentage for single life option) on the Guaranteed Annual Income Effective Date, the Guaranteed Annual Income Effective Date is on a Benefit Year anniversary, and the Income Base is
$200,000:</DIV>
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:59.56%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.85%;"><DIV
style="float:left;">AAV on the Guaranteed Annual Income Effective Date </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-top:3pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:14.15%;">$200,000
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.85%;"><DIV
style="float:left;">Income Base on the Guaranteed Annual Income Effective Date</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:14.15%;">$200,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.85%;"><DIV
style="float:left;">Initial Guaranteed Annual Income amount on the Guaranteed Annual Income Effective Date ($200,000 x 4%)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;width:14.15%;">$<FONT
style="padding-left:10pt;"></FONT> 8,000
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.85%;"><DIV
style="float:left;">AAV six months after Guaranteed Annual Income Effective Date</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:14.15%;">$210,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.85%;"><DIV
style="float:left;">Income Base six months after Guaranteed Annual Income Effective Date</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:14.15%;">$200,000
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.85%;"><DIV
style="float:left;">Withdrawal six months after Guaranteed Annual Income Effective Date when Annuitant is still age 58</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;width:14.15%;">$<FONT
style="padding-left:10pt;"></FONT> 8,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.85%;"><DIV
style="float:left;">AAV after withdrawal ($210,000 - $8,000)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:14.15%;">$202,000
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.85%;"><DIV
style="float:left;">Income Base after withdrawal ($200,000 - $0)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:14.15%;">$200,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.85%;"><DIV
style="float:left;">AAV on next Benefit Year anniversary </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:14.15%;">$205,000
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.85%;"><DIV
style="float:left;">Income Base on next Benefit Year anniversary </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.25pt;padding-left:6pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:14.15%;">$205,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:16pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.85%;"><DIV
style="float:left;">Guaranteed Annual Income amount on next Benefit Year anniversary</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:16pt;padding-left:6pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;width:14.15%;">$<FONT
style="padding-left:10pt;"></FONT> 8,200
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Automatic Annual Step-up
was available on the first Benefit Year anniversary and increased the Income Base to the AAV of $205,000. The Guaranteed Annual Income amount also increased to $8,200 (4% x $205,000).</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Purchase Payments added to
the contract subsequent to the Guaranteed Annual Income Effective Date will increase the Guaranteed Annual Income amount by an amount equal to the WAGAI percentage multiplied by the amount of the subsequent Purchase
Payment. For example, assuming an Annuitant is age 58 (single life option), if the Guaranteed Annual Income amount of $2,000 (4% of $50,000 Income Base) is in effect and an additional Purchase Payment of $10,000 is
made (and the GAI rates had not changed), the new Guaranteed Annual Income amount that Benefit Year is $2,400 ($2,000 + 4% of $10,000). The Guaranteed Annual Income payment amount will be recalculated immediately
after a Purchase Payment is made. Note that the Benefit Year does not change so all withdrawals during the Benefit Year, (withdrawals before and after the additional Purchase Payment), will count toward the Guaranteed
Annual Income amount.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Purchase Payments (other
than Rollover Money) into the contract cannot exceed $500,000 in a Benefit Year.</DIV>
</DIV>
<DIV
style="margin-top:17pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:right;text-decoration:none;text-transform:none;">15</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<A name="xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_12">
</A>
<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Automatic Annual Step-ups
will increase the Income Base and thus the Guaranteed Annual Income amount. The Guaranteed Annual Income amount, after the Income Base is adjusted by an Automatic Annual Step-up, will be equal to the adjusted Income
Base multiplied by the applicable WAGAI percentage.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Excess Withdrawals.<FONT
style="font-weight:Normal;"> Excess Withdrawals are the cumulative amounts withdrawn from the contract during the Benefit Year (including the current withdrawal) that exceed the Guaranteed Annual Income amount at the
time of the withdrawal, or are withdrawals made prior to the Guaranteed Annual Income Effective Date. Withdrawals for the Guaranteed Withdrawal Benefit charge and any recordkeeping charge of 0.20% or less assessed by
your IRA custodian are not treated as Excess Withdrawals.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">When an Excess Withdrawal
occurs:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.27%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.73%;">the Income Base is reduced by the same proportion that the Excess Withdrawal reduces the AAV. This means that the reduction in the Income Base could be more than the dollar amount of the withdrawal; and
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.27%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.73%;">the Guaranteed Annual Income amount will be recalculated to equal the applicable WAGAI percentage multiplied by the new (reduced) Income Base.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We will provide to you
quarterly statements that will include the Guaranteed Annual Income amount (as adjusted for Guaranteed Annual Income amount payments, Automatic Annual Step-ups, Excess Withdrawals and additional Purchase Payments)
available for the Benefit Year, if applicable, in order to determine whether a withdrawal may be an Excess Withdrawal. Questions regarding Excess Withdrawals should be referred to the customer service number provided
on the front page of this prospectus.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The following example
demonstrates the impact of an Excess Withdrawal on the Income Base, the Guaranteed Annual Income amount and the AAV. The Annuitant who is age 58 (single life option) makes a $12,000 withdrawal which causes a
$12,915.19 reduction in the Income Base. If there are multiple GAI tables in effect, the Income Base allocated to each rate Table will be reduced by the same proportion that the Excess Withdrawal reduces the AAV.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Prior to Excess Withdrawal:
AAV = $60,000 Income Base = $85,000</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Guaranteed Annual Income
amount = $3,400 (4% of the Income Base of $85,000)<BR>
After a $12,000 Withdrawal, $3,400 is within the Guaranteed Annual Income amount, $8,600 is the Excess Withdrawal.<BR>
The AAV is reduced by the amount of the Guaranteed Annual Income amount of $3,400 and the Income Base is not reduced: AAV = $56,600 ($60,000 - $3,400) Income Base = $85,000</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The AAV is also reduced by
the $8,600 Excess Withdrawal and the Income Base is reduced by 15.19435%, the same proportion that the Excess Withdrawal reduced the $56,600 AAV ($8,600 ÷ $56,600)</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">AAV = $48,000 ($56,600 -
$8,600)</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Income Base = $72,084.81
($85,000 x 15.19435% = $12,915.19; $85,000 - $12,915.19 = $72,084.81)</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">On the following Benefit
Year anniversary:</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">AAV = $43,000</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Income Base = $72,084.81</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Guaranteed Annual Income
amount = $2,883.39 (4% x $72,084.81 Income Base)</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">In a declining market, Excess
Withdrawals may significantly reduce the Income Base as well as the Guaranteed Annual Income amount. If the Income Base or AAV is reduced to zero due to an Excess Withdrawal the Guaranteed Withdrawal Benefit will
terminate and you will have no more rights or benefits under this contract.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">After the Guaranteed Annual
Income Effective Date, withdrawals will be treated as within the Guaranteed Annual Income amount (even if they exceed the Guaranteed Annual Income amount) only if the withdrawals are taken as systematic monthly or
quarterly installments of the amount needed to satisfy the required minimum distribution (RMD) rules under Internal Revenue Code Section 401(a)(9). In addition, in order for this exception for RMDs to apply, the
following must occur:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Lincoln's monthly or quarterly automatic withdrawal service is used to calculate and pay the RMD;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">The RMD calculation must be based only on the AAV in this contract; and
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">No withdrawals other than RMDs are made within the Benefit Year (except as described in the next paragraph).
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">If RMD withdrawals during a
Benefit Year are less than the Guaranteed Annual Income amount, an additional amount up to the Guaranteed Annual Income amount may be withdrawn. <FONT
style="font-weight:bold;">If a withdrawal, other than an RMD is made during the Benefit Year, then all amounts withdrawn in excess of the greater of the Guaranteed Annual Income amount or RMDs, will be treated as
Excess Withdrawals.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Distributions from qualified
contracts are generally taxed as ordinary income. See Federal Tax Matters for a discussion of the tax consequences of withdrawals.</DIV>
</DIV>
<DIV
style="margin-top:35pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">16</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<A name="5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_13">
</A>
<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Death Prior to the Annuity
Commencement Date.<FONT
style="font-weight:Normal;"> The Guaranteed Withdrawal Benefit has no provision for a payout of the Income Base upon death of the Annuitant. A Death Benefit may be paid to the Beneficiary if the conditions set forth
below are met. Payment of a Death Benefit terminates the Guaranteed Withdrawal Benefit for you and your surviving spouse if applicable. All Death Benefit payments must be made in compliance with Internal Revenue Code
Sections 72(s) or 401(a)(9) as applicable as amended from time to time.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Upon the death of the
Annuitant prior to the Guaranteed Annual Income Effective Date or upon the Annuitant’s death with the single life option, the Guaranteed Withdrawal Benefit will end and no further Guaranteed Annual Income
amounts are available (even if there was an Income Base in effect at the time of the death). A Death Benefit, as set forth below, may be available.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Upon the first death under
the joint life option, the lifetime payout of the Guaranteed Annual Income amount will continue for the life of the surviving spouse unless a Death Benefit is paid out if available. The Automatic Annual Step-up will
continue if applicable as discussed above. Upon the death of the surviving spouse, the Guaranteed Withdrawal Benefit will end and no further Guaranteed Annual Income amounts are available (even if there was an Income
Base in effect at the time of the death). A Death Benefit, as set forth below, may be available upon the second death.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Death Benefit is equal
to the greater of:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">the current AAV as of the Valuation Date we approve the payment of the claim; or
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">the sum of all Purchase Payments into the AAV decreased by withdrawals. Excess Withdrawals reduce the sum of all Purchase Payments in the same proportion that Excess Withdrawals
reduced the AAV. All other withdrawals reduce the sum of all Purchase Payments by the dollar amount of the withdrawal.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The value of the Death
Benefit will be determined as of the date on which the death claim is approved for payment. This payment will occur upon receipt of:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">proof, satisfactory to us, of the death;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">written authorization for payment; and
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">our receipt of all required claim forms, fully completed.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">If the Death Benefit becomes
payable upon the death of the Annuitant, the Beneficiary may elect to receive payment either in the form of a lump sum settlement or an Annuity Payout. Federal tax law requires that an annuity election be made no
later than 60 days after we receive satisfactory notice of death as discussed previously.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">If a lump sum settlement is
requested, the proceeds will be mailed within seven days of receipt of satisfactory claim documentation as discussed previously, subject to the laws and regulations governing payment of Death Benefits. This payment
may be postponed as permitted by the 1940 Act.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">All Death Benefit payments
will be subject to the laws and regulations governing Death Benefits.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The tax code requires that
any distribution be paid within five years of the death of the Annuitant unless the Beneficiary begins receiving, within one year of the Annuitant’s death, the distribution in the form of a life annuity or an
annuity for a designated period not exceeding the Beneficiary's life expectancy.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Termination.<FONT
style="font-weight:Normal;"> You may terminate the contract, including the Guaranteed Withdrawal Benefit, by notifying us in writing and surrendering your Certificate.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Guaranteed Withdrawal
Benefit will automatically terminate:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">on the Annuity Commencement Date; or
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">upon the death of the Annuitant prior to the Guaranteed Annual Income Effective Date or under the single life option; or
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">upon the death of the survivor under the joint life option; or
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">when the Income Base or AAV is reduced to zero due to an Excess Withdrawal.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The termination of the
Guaranteed Withdrawal Benefit will not result in any increase in AAV equal to the Income Base. Upon effective termination of the Guaranteed Withdrawal Benefit, the benefits and charges provided by the Certificate will
terminate and any AAV must be removed from this contract.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Surrenders and Withdrawals</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Before the Annuity
Commencement Date, we will allow the surrender of your Certificate or a withdrawal of a portion of the AAV upon your written request, subject to the conditions of the Certificate discussed below. Surrender or
withdrawal rights after the Annuity Commencement Date depend on the Annuity Payout option selected.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The amount available upon
surrender/withdrawal is the AAV at the end of the Valuation Period during which the written request for surrender/withdrawal is received at the Home Office if the request is received in Good Order before 4:00 p.m. New
York time or the close of trading of the New York Stock Exchange if earlier. If we receive a surrender or withdrawal request in Good Order at or after 4:00 p.m., New York time, we will process the request using the
Accumulation Unit value computed on the next Valuation Date.</DIV>
</DIV>
<DIV
style="margin-top:17pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:right;text-decoration:none;text-transform:none;">17</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<A name="5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_14">
</A>
<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">Unless prohibited, surrender/withdrawal
payments will be mailed within seven days after we receive a valid written request at the home office. The payment may be postponed as permitted by the 1940 Act.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The tax consequences of a
surrender/withdrawal are discussed later in this prospectus. See Federal Tax Matters.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Delay of Payments</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Contract proceeds from the
VAA will be paid within seven days, except:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">when the NYSE is closed (other than weekends and holidays);
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">times when market trading is restricted or the SEC declares an emergency, and we cannot value units or the funds cannot redeem shares; or
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">when the SEC so orders for your protection.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Due to federal laws designed
to counter terrorism and prevent money laundering by criminals, we may be required to reject a Purchase Payment and/or deny payment of a request for transfers, withdrawals, surrenders, or Death Benefits, until
instructions are received from the appropriate regulator. We also may be required to provide additional information about your account to government regulators.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Abandoned Property.<FONT
style="font-weight:Normal;"> Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of three to five years from the date a benefit is due and
payable. For example, if the payment of a Death Benefit has been triggered, but, if after a thorough search, we are still unable to locate the Beneficiary of the Death Benefit, or the Beneficiary does not come forward
to claim the Death Benefit in a timely manner, the Death Benefit will be “escheated”. This means that the Death Benefit will be paid to the abandoned property division or unclaimed property office of the
state in which the Beneficiary or the Annuitant last resided, as shown on our books and records, or to our state of domicile. This escheatment is revocable and the state is obligated to pay the Death Benefit (without
interest) if your Beneficiary steps forward to claim it with the proper documentation.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">To prevent such escheatment,
it is important that you update your Beneficiary designations, including addresses, if and as they change. You may update your Beneficiary designations by submitting a Beneficiary change form to our Home Office.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Amendment of Contract</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We reserve the right to
amend the contract to meet the requirements of the 1940 Act or other applicable federal or state laws or regulations. You will be notified in writing of any changes, modifications or waivers. Any changes are subject
to prior approval of your state’s insurance department (if required).</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Ownership</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The owner of this group
annuity contract on the date of issue will be the Lincoln Financial Group Trust Company.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">As Annuitant and as the
individual for whom the IRA and/or Roth IRA is established, you have all rights as described in this Certificate. According to Indiana law, the assets of the VAA are held for the exclusive benefit of all Annuitants
and their designated Beneficiaries; and the assets of the VAA are not chargeable with liabilities arising from any other business that we may conduct. Qualified contracts may not be assigned or transferred except as
permitted by applicable law and upon written notification to us. Assignments may have an adverse impact on any Death Benefits or benefits offered under living benefit riders in this product and may be prohibited under
the terms of a particular feature. We assume no responsibility for the validity or effect of any assignment. Consult your tax adviser about the tax consequences of an assignment.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Contractowner Questions</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The obligations to
purchasers under the contracts are those of Lincoln Life. This prospectus provides a general description of the material features of this Certificate or of the contract. Contracts, Certificates, endorsements and
riders may vary as required by state law. Questions about your Certificate or this contract should be directed to us at 1-800-234-3500.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Annuity Payouts</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Certificate provides
optional forms of payouts of annuities (annuity options), each of which is payable on a fixed basis. The Certificate provides that all or part of the AAV may be used to purchase an Annuity Payout option. The rates
used to purchase any of the annuity options discussed below are shown in the contract.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">You may elect Annuity
Payouts in monthly, quarterly, semiannual or annual installments. If the payouts would be or become less than $50, we have the right to reduce their frequency until the payouts are at least $50 each. The amount of
each Annuity Payout will depend upon the frequency of payout you select. For example, if you select frequent payments (e.g., monthly), the amount of each payout will be lower than if you choose a less frequent payout
(e.g., annual installments). Also, the amount of each Annuity Payout will depend upon the duration of payout you select. For example, if you choose the Life Annuity option, the amount of each payout likely will be
higher than if you choose the Joint Life Annuity since the Life Annuity assumes a shorter period of time than the Joint Life Annuity. Following are explanations of the annuity options available.</DIV>
</DIV>
<DIV
style="margin-top:13pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">18</DIV>
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</P>
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<A name="5374-2-bc_xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_15">
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<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Annuity Options</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Life Annuity with Guaranteed
Period.<FONT
style="font-weight:Normal;"> This option guarantees periodic payouts during a designated period, usually 10, 15 or 20 years, and then continues throughout the lifetime of the Annuitant. The designated period is
selected by the Annuitant.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Life Annuity<FONT
style="font-weight:Normal;">. This option offers a periodic payout during the lifetime of the Annuitant and ends with the last payout before the death of the Annuitant. This option offers the highest periodic payout
since there is no guarantee of a minimum number of payouts or provision for a Death Benefit for Beneficiaries. </FONT>However, there is the risk under this option that the recipient would receive no payouts if the
Annuitant dies before the date set for the first payout; only one payout if death occurs before the second scheduled payout, and so on. <FONT
style="font-weight:Normal;">The Annuitant must be under age 81 to elect this option.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Joint Life Annuity.<FONT
style="font-weight:Normal;"> This option offers a periodic payout during the joint lifetime of the Annuitant and a designated joint Annuitant. The payouts continue during the lifetime of the survivor.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Joint Life and Two Thirds to
Survivor Annuity.<FONT
style="font-weight:Normal;"> This option provides a periodic payout during the joint lifetime of the Annuitant and a designated joint Annuitant. When one of the joint Annuitants dies, the survivor receives two thirds
of the periodic payout made when both were alive.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">If any payee dies after an
Annuity Payout becomes operative, then we will pay the following to the payee's estate (unless otherwise specified in the election option):</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">the present value of unpaid
payments under the payouts guaranteed for designated period or life annuity with payouts guaranteed for designated period;</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">the amount payable at the death of the payee under the unit refund life annuity; or
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">the proceeds remaining with Lincoln Life under the payouts guaranteed for designated amount or interest income, if available.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">If the annuity settlement
has been selected and becomes operative, when the last payee dies, we will pay the remainder of the contract in a single sum to the last payee's estate (unless otherwise specified in the election option).</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">General Information</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">None of the options listed
above currently provides withdrawal features, permitting you to withdraw commuted values as a lump sum payment. Other options, with or without withdrawal features, may be made available by us. Options are only
available to the extent they are consistent with the requirements of the contract as well as Sections 72(s) and 401 (a)(9) of the tax code, if applicable.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">You must give us at least 30
days notice before the date on which you want payouts to begin. If proceeds become available to a Beneficiary in a lump sum, the Beneficiary may choose any Annuity Payout option. We may require proof of age, sex, or
survival of any payee upon whose age, sex, or survival payments depend.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Unless you select another
option, the contract automatically provides for a life annuity with Annuity Payouts guaranteed for 10 years except when a joint life payout is required by law. Under any option providing for guaranteed period payouts,
the number of payouts which remain unpaid at the date of the Annuitant’s death (or surviving Annuitant’s death in case of joint life annuity) will be paid to the Beneficiary as payouts become due after we
are in receipt of:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">proof, satisfactory to us, of the death;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">written authorization for payment; and
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">all claim forms, fully completed.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Once you begin to receive
Annuity Payouts, you cannot change the payout option, payout amount, or payout period.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Federal Tax Matters</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Introduction</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Federal income tax
treatment of the contract is complex and sometimes uncertain. The Federal income tax rules may vary with your particular circumstances. This discussion does not include all the Federal income tax rules that may affect
you and your contract. This discussion also does not address other Federal tax consequences (including consequences of sales to foreign individuals or entities), or state or local tax consequences, associated with the
contract. As a result, you should always consult a tax adviser about the application of tax rules found in the Internal Revenue Code (“Code”), Treasury Regulations and applicable IRS guidance to your
individual situation.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Qualified Retirement Plans</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We have designed the
contracts for use in connection with certain types of retirement plans that receive favorable treatment under the tax code. Contracts issued to or in connection with a qualified retirement plan are called
“qualified contracts.” We issue contracts for use with various types of qualified retirement plans. The Federal income tax rules applicable to those plans are complex and varied. As</DIV>
</DIV>
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style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:right;text-decoration:none;text-transform:none;">19</DIV>
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<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">a result, this prospectus does not attempt
to provide more than general information about the use of the contract with the various types of qualified retirement plans. Persons planning to use the contract in connection with a qualified retirement plan should
obtain advice from a competent tax adviser.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Types of Qualified Contracts
and Terms of Contracts</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Qualified retirement plans
may include the following:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Individual Retirement Accounts and Annuities (“Traditional IRAs”)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Roth IRAs
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Traditional IRA that is part of a Simplified Employee Pension Plan (“SEP”)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">SIMPLE 401(k) plans (Savings Incentive Matched Plan for Employees)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">401(a) / (k) plans (qualified corporate employee pension and profit-sharing plans)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">403(a) plans (qualified annuity plans)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">403(b) plans (public school system and tax-exempt organization annuity plans)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">H.R. 10 or Keogh Plans (self-employed individual plans)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">457(b) plans (deferred compensation plans for state and local governments and tax-exempt organizations)
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We will amend contracts to
be used with a qualified retirement plan as generally necessary to conform to the tax law requirements for the type of plan. However, the rights of a person to any qualified retirement plan benefits may be subject to
the plan's terms and conditions. In addition, we are not bound by the terms and conditions of qualified retirement plans to the extent such terms and conditions contradict the contract, unless we consent.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Tax Deferral on Earnings<BR>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Federal income tax law
generally does not tax any increase in your contract value until you receive a contract distribution. However, for this general rule to apply, certain requirements must be satisfied:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">An individual must own the contract (or the tax law must treat the contract as owned by an individual).
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">The investments of the VAA must be “adequately diversified” in accordance with IRS regulations.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Your right to choose particular investments for a contract must be limited.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">The Annuity Commencement Date must not occur near the end of the Annuitant’s life expectancy.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">The Setting Every Community Up
for Retirement Enhancement (SECURE) Act of 2019</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Setting Every Community
Up for Retirement Enhancement (SECURE) Act (the “SECURE Act”) was enacted on December 20, 2019. The SECURE Act made a number of significant changes to the rules that apply to qualified retirement plans and
IRA’s, including the following:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Increased the required beginning date measuring age from 70½ to 72 for any participant or IRA owner who did not attain age 70½ prior to January 1, 2020. As a result, required minimum
distributions are generally required to begin by April 1 of the year following the year in which a participant or IRA owner reached age 72.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Eliminated the age 70½ limit for making contributions to an IRA. Beginning in 2020, an IRA owner can make contributions to his or her IRA at any age.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Changed the required minimum distribution rules that apply after the death of a participant or IRA owner.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">Created the “Qualified Birth or Adoption” exception to the 10% additional tax on early distributions.
</TD></TR></TABLE>
</DIV>
<DIV
style="margin-bottom:2pt;margin-top:2pt;text-align:left;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Investments in the VAA Must Be
Diversified</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">For a contract to be treated
as an annuity for Federal income tax purposes, the investments of the VAA must be “adequately diversified.” Treasury regulations define standards for determining whether the investments of the VAA are
adequately diversified. If the VAA fails to comply with these diversification standards, you could be required to pay tax currently on the excess of the contract value over the contract Purchase Payments. Although we
do not control the investments of the underlying investment options, we expect that the underlying investment options will comply with the IRS regulations so that the VAA will be considered “adequately
diversified.”</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Restrictions</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Federal income tax law
limits your right to choose particular investments for the contract. Because the IRS has issued little guidance specifying those limits, the limits are uncertain and your right to allocate contract values among the
Subaccounts may exceed those limits. If so, you would be treated as the owner of the assets of the VAA and thus subject to current taxation on the income, bonus credits, persistency credits and gains, if applicable,
from those assets. We do not know what limits may be set by the IRS in any guidance that it may issue and whether any such limits will apply to existing contracts. We reserve the right to modify the contract without
your consent to try to prevent the tax law from considering you as the owner of the assets of the VAA.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Tax Treatment of Qualified
Contracts</DIV>
</DIV>
<DIV
style="margin-top:35pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">20</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
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<DIV
style="width:100%;">
<A name="xx_34e10f4a-2875-4b2e-b8f8-e68e5b4de800_17">
</A>
<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Federal income tax rules
applicable to qualified retirement plans and qualified contracts vary with the type of plan and contract. For example,</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Federal tax rules limit the amount of Purchase Payments or contributions that can be made, and the tax deduction or exclusion that may be allowed for the contributions. These limits vary depending on
the type of qualified retirement plan and the plan participant’s specific circumstances (<FONT
style="font-style:italic;">e.g.</FONT>, the participant’s compensation).
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Minimum annual distributions are required under some qualified retirement plans once you reach age 72 or retire, if later as described below.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">Under most qualified plans, such as a traditional IRA, the owner must begin receiving payments from the contract in certain minimum amounts by a certain age, typically age 70 ½.
Other qualified plans may allow the participant to take required distributions upon the later of reaching age 70 ½ or retirement.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Please note that qualified
retirement plans such as 403(b) plans, 401(k) plans and IRAs generally defer taxation of contributions and earnings until distribution. As such, an annuity does not provide any additional tax deferral benefit beyond
the qualified retirement plan itself.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Tax Treatment of Payments</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Federal income tax rules
generally include distributions from a qualified contract in the participant's income as ordinary income. These taxable distributions will include contributions that were deductible or excludible from income. Thus,
under many qualified contracts, the total amount received is included in income since a deduction or exclusion from income was taken for contributions to the contract. There are exceptions. For example, you do not
include amounts received from a Roth IRA in income if certain conditions are satisfied.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Required Minimum Distributions
(RMDs)</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Under most qualified plans,
you must begin receiving payments from the contract in certain minimum amounts by your “required beginning date.” Prior to the enactment of the SECURE Act, the required beginning date was April 1 of the
year following the year in which you would have attained age 70 ½ or retired. If you did not attain age 70 ½ prior to January 1, 2020, then your required beginning date will be April 1 of the year following
the year in which you attain age 72 or retire. If you own a traditional IRA, your required beginning date under prior law was April 1 of the year following the year in which you attained age 70 ½. If you did not
attain age 70 ½ prior to January 1, 2020, then your required beginning date will be April 1 of the year following the year in which you attain age 72. If you own a Roth IRA, you are not required to receive
minimum distributions from your Roth IRA during your life.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Failure to comply with the
minimum distribution rules applicable to certain qualified plans, such as Traditional IRAs, will result in the imposition of an excise tax. This excise tax equals 50% of the amount by which a minimum required
distribution exceeds the actual distribution from the qualified plan.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Treasury regulations
applicable to required minimum distributions include a rule that may impact the distribution method you have chosen and the amount of your distributions. Under these regulations, the presence of an enhanced Death
Benefit, or other benefit, if any, may require you to take additional distributions. An enhanced Death Benefit is any Death Benefit that has the potential to pay more than the contract value or a return of investment
in the contract. Please contact your tax adviser regarding any tax ramifications.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Additional Tax on Early
Distributions from Qualified Retirement Plans</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The tax code may impose a
10% additional tax on an early distribution from a qualified contract that must be included in income. The tax code does not impose the additional tax if one of several exceptions applies. The exceptions vary
depending on the type of qualified contract you purchase. For example, in the case of an IRA, the 10% additional tax will not apply to any of the following withdrawals, surrenders, or Annuity Payouts:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:1.14%;margin-top:2pt;width:98.86%;" cellpadding="2" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Distribution received on or after the Annuitant reaches 59½
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Distribution received on or after the Annuitant’s death or because of the Annuitant’s disability (as defined in the tax law)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Distribution received as a series of substantially equal periodic payments based on the Annuitant’s life (or life expectancy),
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:97.70%;">Distribution received as reimbursement for certain amounts paid for medical care, or
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.30%;">•
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.70%;">Distribution received for a “qualified birth or adoption” event.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">These exceptions, as well as
certain others not described here, generally apply to taxable distributions from other qualified retirement plans. However, the specific requirements of the exception may vary.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Unearned Income Medicare
Contribution</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Congress enacted the
“Unearned Income Medicare Contribution” as a part of the Health Care and Education Reconciliation Act of 2010. This tax affects individuals whose modified adjusted gross income exceeds certain thresholds,
is a 3.8% tax on the lesser of (i) the individual’s “unearned income,” or (ii) the dollar amount by which the individual’s modified adjusted gross income exceeds the applicable threshold.
Distributions that you take from your contract are not included in the calculation of unearned income because</DIV>
</DIV>
<DIV
style="margin-top:35pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:right;text-decoration:none;text-transform:none;">21</DIV>
</DIV>
</DIV>
<DIV
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<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">your contract is a qualified plan contract.
However, the amount of any such distribution is included in determining whether you exceed the modified adjusted gross income threshold. Please consult your tax advisor to determine whether your annuity distributions
are subject to this tax.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Taxation of Death Benefits</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We may distribute amounts
from your contract because of your death. Federal tax rules may limit the payment options available to your Beneficiaries. If your spouse is your Beneficiary, your surviving spouse will generally receive special
treatment and will have more available payment options. Non-spouse Beneficiaries do not receive the same special treatment. Payment options may be further limited depending upon whether you reached the date upon which
you were required to begin minimum distributions. The Pension Protection Act of 2006 (“PPA”) permits non-spouse Beneficiary rollovers to an “inherited IRA” (effective January 1, 2007).</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Transfers and Direct
Rollovers</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">As a result of the Economic
Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”), you may be able to move funds between different types of qualified plans, such as 403(b) and 457(b) governmental plans, by means of a rollover
or transfer. You may be able to rollover or transfer amounts between qualified plans and traditional IRAs. These rules do not apply to Roth IRAs and 457(b) non-governmental tax-exempt plans. There are special rules
that apply to rollovers, direct rollovers and transfers (including rollovers or transfers or after-tax amounts). If the applicable rules are not followed, you may incur adverse Federal income tax consequences,
including paying taxes which you might not otherwise have had to pay. Before we send a rollover distribution, we will provide a notice explaining tax withholding requirements (see Federal Income Tax Withholding). We
are not required to send you such notice for your IRA. You should always consult your tax adviser before you move or attempt to move any funds.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The IRS issued Announcement
2014-32 confirming its intent to apply the one-rollover-per-year limitation of 408(d)(3)(B) on an aggregate basis to all IRAs that an individual owns. This means that an individual cannot make a tax-free IRA-to-IRA
rollover if he or she has made such a rollover involving any of the individuals IRAs in the current tax year. If an intended rollover does not qualify for tax-free rollover treatment, contributions to your IRA may
constitute excess contributions that may exceed contribution limits. This one-rollover-per-year limitation does not apply to direct trustee-to-trustee transfers.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Direct Conversions and
Recharacterizations</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The Pension Protection Act
of 2006 (PPA) permits direct conversions from certain qualified, retirement, 403(b) or 457(b) plans to Roth IRAs (effective for distributions after 2007). You are also permitted to recharacterize your traditional IRA
contribution as a Roth IRA contribution, and to recharacterize your Roth IRA contribution as a traditional IRA contribution. The deadline for the recharacterization is the due date (including extensions) for your
individual income tax return for the year in which the contribution was made. Upon recharacterization, you are treated as having made the contribution originally to the second IRA account. The recharacterization does
not count toward the one-rollover-per-year limitation described above.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Effective for tax years
beginning after December 31, 2017, pursuant to the Tax Cuts and Jobs Act (Pub. L. No. 115-97), recharacterizations are no longer allowed in the case of a conversion from a non-Roth account or annuity to a Roth IRA.
This limitation applies to conversions made from pre-tax accounts under an IRA, qualified retirement plan, 403(b) plan, or 457(b) plan. Roth IRA conversions made in 2017 may be recharacterized as a contribution to a
traditional IRA if the recharacterization is completed by October 15, 2018.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">There are special rules that
apply to conversions and recharacterizations, and if they are not followed, you may incur adverse Federal income tax consequences. You should consult your tax advisor before completing a conversion or
recharacterization.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Federal Income Tax
Withholding</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We will withhold and remit
to the IRS a part of the taxable portion of each distribution made under a contract unless you notify us in writing prior to the distribution that tax is not to be withheld. In certain circumstances, Federal income
tax rules may require us to withhold tax. At the time a withdrawal, surrender, or Annuity Payout is requested, we will give you an explanation of the withholding requirements.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Certain payments from your
contract may be considered eligible rollover distributions (even if such payments are not being rolled over). Such distributions may be subject to special tax withholding requirements. The Federal income tax
withholding rules require that we withhold 20% of the eligible rollover distribution from the payment amount, unless you elect to have the amount directly transferred to certain qualified plans or contracts. The IRS
requires that tax be withheld, even if you have requested otherwise. Such tax withholding requirements are generally applicable to 401(a), 403(a) or (b), HR 10, and 457(b) governmental plans and contracts used in
connection with these types of plans.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Special Considerations for
Same-Sex Couples</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The U.S. Supreme Court
recently held same-sex spouses who have been married under state law will now be treated as spouses for purposes of federal law. <FONT
style="font-weight:bold;">You are strongly encouraged to consult a tax advisor before electing spousal rights under the contract.</FONT></DIV>
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<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Nonqualified Annuity
Contracts</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">A nonqualified annuity is a
contract not issued in connection with an IRA or a qualified retirement plan receiving special tax treatment under the tax code. These contracts are not intended for use with nonqualified annuity contracts. Different
federal tax rules apply to nonqualified annuity contracts. Persons planning to use the contract in connection with a nonqualified annuity should obtain advice from a tax advisor.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Our Tax Status</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Under existing Federal
income tax laws, we do not pay tax on investment income and realized capital gains of the VAA. We do not expect that we will incur any Federal income tax liability on the income and gains earned by the VAA. However,
the Company does expect, to the extent permitted under Federal tax law, to claim the benefit of the foreign tax credit as the owner of the assets of the VAA. Therefore, we do not impose a charge for Federal income
taxes. If Federal income tax law changes and we must pay tax on some or all of the income and gains earned by the VAA, we may impose a charge against the VAA to pay the taxes.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Changes in the Law</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The above discussion is
based on the tax code, related regulations, and interpretations existing on the date of this prospectus. However, Congress, the IRS, and the courts may modify these authorities, sometimes retroactively.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Voting Rights</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">As required by law, we will
vote the fund shares held in the VAA at meetings of the shareholders of the funds. The voting will be done according to the instructions of the Contractowners or Annuitants who have interests in the Subaccount which
invests in the fund. If the 1940 Act or any regulation under it should be amended or if present interpretations should change, and if as a result we determine that we are permitted to vote the fund shares in our own
right, we may elect to do so.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The number of votes which
you have the right to cast will be determined by applying your percentage interest in a Subaccount to the total number of votes attributable to the Subaccount. In determining the number of votes, fractional shares
will be recognized.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The underlying fund is
subject to the laws of the state in which it is organized concerning, among other things, the matters which are subject to a shareholder vote, the number of shares which must be present in person or by proxy at a
meeting of shareholders (a “quorum”), and the percentage of such shares present in person or by proxy which must vote in favor of matters presented. Because shares of the underlying fund held in the VAA
are owned by us, and because under the 1940 Act we will vote all such shares in the same proportion as the voting instructions which we receive, it is important that each Annuitant provide their voting instructions to
us. Even though you may choose not to provide voting instruction, the shares of a fund to which such you would have been entitled to provide voting instruction will be voted by us in the same proportion as the voting
instruction which we actually receive. For funds affiliated with Lincoln, shares of a fund to which such Contractowners would have been entitled to provide voting instruction will, once we receive a sufficient number
of instructions we deem appropriate to ensure a fair representation of Contractowners eligible to vote, be voted by us in the same proportion as the voting instruction which we actually receive. As a result, the
instruction of a small number of Annuitants could determine the outcome of matters subject to shareholder vote. All shares voted by us will be counted when the underlying fund determines whether any requirement for a
minimum number of shares be present at such a meeting to satisfy a quorum requirement has been met. Voting instructions to abstain on any item to be voted on will be applied proportionately to reduce the number of
votes eligible to be cast.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Whenever a shareholders
meeting is called, we will provide or make available to each person having a voting interest in a Subaccount proxy voting material, reports and other materials relating to the fund. Since the fund engages in shared
funding, other persons or entities besides Lincoln Life may vote fund shares. See Investments of the Variable Annuity Account – Fund Shares.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Distribution of the
Contracts</DIV>
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">Lincoln
Financial Distributors (“LFD”) serves as Principal Underwriter of this contract. LFD is affiliated with Lincoln Life and is registered as a broker-dealer with the SEC under the Securities Exchange Act of
1934 and is a member of FINRA (“Financial Industry Regulatory Authority”). The Principal Underwriter has entered into selling agreements with Lincoln Financial Advisors (“LFA”), also an
affiliate of ours. The Principal Underwriter has also entered into selling agreements with broker-dealers that are unaffiliated with us. While the Principal Underwriter has the legal authority to make payments to
broker-dealers which have entered into selling agreements, we will make such payments on behalf of the Principal Underwriter in compliance with appropriate regulations. We also pay on behalf of LFD certain of its
operating expenses related to the distribution of this and other of our contracts. The following paragraphs describe how payments are made by us and The Principal Underwriter to various parties.</DIV>
</DIV>
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style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Compensation Paid to
LFA.<FONT
style="font-weight:Normal;"> The maximum compensation the Principal Underwriter pays to LFA is limited to the compensation the advisor received based on the amount of assets in the former retirement plan, which
include assets in this contract. Alternatively, LFA may elect to receive a lower rate of compensation.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Lincoln Life also pays for
the operating and other expenses of LFA, including the following sales expenses: sales representative training allowances; compensation and bonuses for LFA's management team; advertising expenses; and all other
expenses of distributing the contracts. LFA pays its sales representatives a portion of the commissions received for their sales of contracts. LFA sales representatives and their managers are also eligible for various
cash benefits, such as bonuses, insurance benefits and financing arrangements, and non-cash compensation items that we may provide jointly with LFA. Non-cash compensation items may include conferences, seminars,
trips, entertainment, merchandise and other similar items. In addition, LFA sales representatives who meet certain productivity, persistency and length of service standards and/or their managers may be eligible for
additional compensation. Sales of the contracts may help LFA sales representatives and/or their managers qualify for such benefits. LFA sales representatives and their managers may receive other payments from us for
services that do not directly involve the sale of the contracts, including payments made for the recruitment and training of personnel, production of promotional literature and similar services.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Compensation Paid to
Unaffiliated Selling Firms<FONT
style="font-weight:Normal;">. The maximum compensation the Principal Underwriters pays to Selling Firms, other than LFA, is 1.00% based on assets in the retirement plan, which include assets in this contract.
Alternatively, some Selling Firms may elect to receive a lower rate of compensation. LFD also acts as wholesaler of the contracts and performs certain marketing and other functions in support of the distribution and
servicing of the contracts.</FONT></DIV>
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">LFD may
pay certain Selling Firms or their affiliates additional amounts for: (1) “preferred product” treatment of the contracts in their marketing programs, which may include marketing services and increased
access to sales representatives; (2) sales incentives relating to the contracts; (3) costs associated with sales conferences and educational seminars for their sales representatives; (4) other sales expenses incurred
by them; and (5) inclusion in the financial products the Selling Firm offers.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Lincoln Life may provide
loans to broker-dealers or their affiliates to help finance marketing and distribution of the contracts, and those loans may be forgiven if aggregate sales goals are met. In addition, we may provide staffing or other
administrative support and services to broker-dealers who distribute the contracts. LFD, as wholesaler, may make bonus payments to certain Selling Firms based on aggregate sales of our variable insurance contracts
(including the contracts) or persistency standards. These additional payments are not offered to all Selling Firms, and the terms of any particular agreement governing the payments may vary among Selling Firms.</DIV>
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">These
additional types of compensation are not offered to all Selling Firms. The terms of any particular agreement governing compensation may vary among Selling Firms and the amounts may be significant. The prospect of
receiving, or the receipt of, additional compensation may provide Selling Firms and/or their registered representatives with an incentive to favor sales of the contracts over other variable annuity contracts (or other
investments) with respect to which a Selling Firm does not receive additional compensation, or lower levels of additional compensation. You may wish to take such payment arrangements into account when considering and
evaluating any recommendation relating to the contracts. Additional information relating to compensation paid in 2020 is contained in the Statement of Additional Information (SAI).</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Compensation Paid to Other
Parties.<FONT
style="font-weight:Normal;"> Depending on the particular selling arrangements, there may be others whom LFD compensates for the distribution activities. For example, LFD may compensate certain
“wholesalers”, who control access to certain selling offices, for access to those offices or for referrals, and that compensation may be separate from the compensation paid for sales of the contracts. LFD
may compensate marketing organizations, associations, brokers or consultants which provide marketing assistance and other services to broker-dealers who distribute the contracts, and which may be affiliated with those
broker-dealers.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Return Privilege</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Within the free-look period
after your Certificate is issued, you may cancel it for any reason by delivering or mailing it postage prepaid, to The Lincoln National Life Insurance Company at PO Box 2340, Fort Wayne, IN 46801-2340. A Certificate
canceled under this provision will be void. Except as explained in the following paragraph, we will return the AAV as of the Valuation Date on which we receive the cancellation request. <FONT
style="font-weight:bold;">A purchaser who participates in the VAA is subject to the risk of a market loss on the AAV during the free-look period.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">For Certificates issued in
those states whose laws require that we assume this market risk during the free-look period, a Certificate may be canceled, subject to the conditions explained before, except that we will return the greater of the
Purchase Payment(s) or AAV as of the Valuation Date we receive the cancellation request, plus any premium taxes that had been deducted. IRA purchasers will also receive the greater of Purchase Payments or AAV as of
the Valuation Date on which we receive the cancellation request.</DIV>
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<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">State Regulation</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">As a life insurance company
organized and operated under Indiana law, we are subject to provisions governing life insurers and to regulation by the Indiana Commissioner of Insurance. Our books and accounts are subject to review and examination
by the Indiana Department of Insurance at all times. A full examination of our operations is conducted by that Department at least every five years.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Records and Reports</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">As presently required by the
1940 Act and applicable regulations, we are responsible for maintaining all records and accounts relating to the VAA. We have entered into an agreement with State Street Bank and Trust Company, 801 Pennsylvania Ave,
Kansas City, MO 64105, to provide accounting services to the VAA. We will mail to you, at your last known address of record at the Home Office, at least semi-annually after the first contract year, reports containing
information required by that Act or any other applicable law or regulation.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Cyber Security and Business
Interruption Risks</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We rely heavily on
interconnected computer systems and digital data to conduct our annuity products business. Because our business is highly dependent upon the effective operation of our computer systems and those of our business
partners, our business is vulnerable to disruptions from utility outages, and susceptible to operational and information security risks resulting from information systems failure (e.g., hardware and software
malfunctions), and cyber-attacks. These risks include, among other things, the theft, misuse, corruption and destruction of data maintained online or digitally, interference with or denial of service, attacks on
websites and other operational disruption and unauthorized release of confidential customer information. Such systems failures and cyber-attacks affecting us, any third-party administrator, the underlying funds,
intermediaries and other affiliated or third-party service providers may adversely affect us and your Contract Value. For instance, systems failures and cyber-attacks may interfere with our processing of contract
transactions, including the processing of orders from our website or with the underlying funds, impact our ability to calculate Accumulation Unit value, cause the release and possible destruction of confidential
customer or business information, impede order processing, subject us and/or our service providers and intermediaries to regulatory fines and financial losses and/or cause reputational damage. Cyber security risks may
also impact the issuers of securities in which the underlying funds invest, which may cause the funds underlying your contract to lose value. There can be no assurance that we or the underlying funds or our service
providers will avoid losses affecting your contract due to cyber-attacks or information security breaches in the future.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">In addition to cyber
security risks, we are exposed to risks related to natural and man-made disasters and catastrophes, such as (but not limited to) storms, fires, floods, earthquakes, public health crises, malicious acts, and terrorist
acts, any of which could adversely affect our ability to conduct business. A natural or man-made disaster or catastrophe, including a pandemic (such as COVID-19), could affect the ability or willingness of our
employees or the employees of our service providers to perform their job responsibilities. Even if our employees and the employees of our service providers are able to work remotely, those remote work arrangements
could result in our business operations being less efficient than under normal circumstances and could lead to delays in our processing of contract-related transactions, including orders from contract owners.
Catastrophic events may negatively affect the computer and other systems on which we rely, impact our ability to calculate accumulation unit values, or have other possible negative impacts. There can be no assurance
that we or our service providers will be able to successfully avoid negative impacts associated with natural and man-made disasters and catastrophes.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Other Information</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">You may elect to receive
your prospectus, prospectus supplements, quarterly statements, and annual and semiannual reports electronically over the Internet, if you have an e-mail account and access to an Internet browser. Once you select
eDelivery, via the Internet Service Center, all documents available in electronic format will no longer be sent to you in hard copy. You will receive an e-mail notification when the documents become available online.
It is your responsibility to provide us with your current e-mail address. You can resume paper mailings at any time without cost, by updating your profile at the Internet Service Center, or contacting us. To learn
more about this service, please log on to www.LincolnFinancial.com, select service centers and continue on through the Internet Service Center.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Legal Proceedings</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">In the ordinary course of
its business and otherwise, the Company and its subsidiaries or its separate accounts and Principal Underwriter may become or are involved in various pending or threatened regulatory or legal proceedings, including
purported class actions, arising from the conduct of its business. In some instances, the proceedings include claims for unspecified or substantial punitive damages and similar types of relief in addition to amounts
for alleged contractual liability or requests for equitable relief.</DIV>
</DIV>
<DIV
style="margin-top:11pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:right;text-decoration:none;text-transform:none;">25</DIV>
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</A>
<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">After consultation with
legal counsel and a review of available facts, it is management’s opinion that the proceedings, after consideration of any reserves and rights to indemnification, ultimately will be resolved without materially
affecting the consolidated financial position of the Company and its subsidiaries, or the financial position of its separate accounts or Principal Underwriter. However, given the large and indeterminate amounts sought
in certain of these proceedings and the inherent difficulty in predicting the outcome of such proceedings, it is reasonably possible that an adverse outcome in certain matters could be material to the Company's
operating results for any particular reporting period. Please refer to the Statement of Additional Information for possible additional information regarding legal proceedings.</DIV>
</DIV>
<DIV
style="margin-top:651pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">26</DIV>
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<DIV
style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
Table of Contents
</A>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Statement of Additional
Information<BR>
Table of Contents for Lincoln National Variable Annuity Account L</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-bottom:0.5pt solid #000000;border-collapse:collapse;empty-cells:show;margin-top:6pt;width:65.79%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:91.25%;">Item
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:3pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.88%;">Page
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:91.25%;">Special Terms
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.88%;">B-2
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:91.25%;">Services
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.88%;">B-2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:91.25%;">Principal Underwriter
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.88%;">B-2
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:91.25%;">Purchase and Pricing of Securities Being Offered
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.88%;">B-2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:91.25%;">Determination of Accumulation Unit Value
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.88%;">B-2
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:91.25%;">Capital Markets
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.88%;">B-3
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:91.25%;">Advertising & Ratings
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:7.88%;">B-3
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:91.25%;">Other Information
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.88%;">B-4
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:4pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:91.25%;">Financial Statements
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:4pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.88%;">B-4
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:3pt;text-align:left;text-decoration:none;text-transform:none;">For a free copy of the SAI
complete the form below.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:83pt;text-align:center;text-decoration:none;text-transform:none;">Statement of Additional
Information Request Card<BR>
Lincoln <FONT
style="font-style:italic;">Retirement Income Rollover<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM </SUP></FONT>Version 3<BR>
Lincoln National Variable Annuity Account L</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:96pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="padding-bottom:1pt;padding-top:3pt;text-align:left;vertical-align:top;width:100%;"><DIV
style="float:left;"></DIV><HR
style="background-color:transparent;border-bottom:transparent;border-left:transparent;border-right:transparent;border-top:dotted medium Black;margin-top:5pt;vertical-align:auto;" noshade="noshade">
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:16pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:100%;">Please send me a free copy of the current Statement of Additional Information for Lincoln National Variable Annuity Account L / Lincoln <FONT
style="font-style:italic;">Retirement Income Rollover<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM </SUP></FONT>Version 3.
</TD></TR></TABLE>
</DIV>
<DIV
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<DIV
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<HR
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<DIV
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<HR
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<DIV
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<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">State </DIV>
<HR
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<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">Zip </DIV>
<HR
noshade="noshade" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:11%;" align="Left">
<DIV
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National Life Insurance Co., P.O. Box 2340, Fort Wayne, Indiana 46801</DIV>
</DIV>
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<A href="#5374-2-bc_JOB_Retir_83787e2d-f806-4d5f-a8c0-d4a1113cb230_TOC">
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<DIV
style="color:#000000;font-family:Arial Narrow;font-size:24pt;font-style:Normal;font-weight:bold;line-height:27pt;text-align:left;text-decoration:none;text-transform:none;">Lincoln <FONT
style="font-style:italic;">Retirement Income Rollover<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT> Version 3<BR>
Lincoln National Variable Annuity Account L <FONT
style="font-size:12pt;line-height:15pt;">(Registrant)</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:24pt;font-style:Normal;font-weight:bold;line-height:27pt;text-align:left;text-decoration:none;text-transform:none;">The Lincoln National Life Insurance
Company <FONT
style="font-size:12pt;line-height:15pt;">(Depositor)</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Statement of Additional
Information (SAI)</DIV>
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">This SAI
should be read in conjunction with the Lincoln <FONT
style="font-style:italic;">Retirement Income Rollover<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT> Version 3 prospectus of Lincoln National Variable Annuity Account L dated May 1, 2021. You may obtain a copy of the
Lincoln <FONT
style="font-style:italic;">Retirement Income Rollover<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">SM</SUP></FONT> Version 3 prospectus on request and without charge. Please write Customer Service, The Lincoln National Life
Insurance Company, PO Box 2340, Fort Wayne, IN 46802, or call 1-800-234-3500.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Table of Contents</DIV>
</DIV>
<DIV
style="margin-top:19pt;">
<DIV
style="float:left;overflow:hidden;position:relative;width:47.73%;" type="Block">
<DIV
style="text-align:left;">
<TABLE
style="border-bottom:0.5pt solid #000000;border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:89.01%;">Item
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:3pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.49%;">Page
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:89.01%;">Special Terms
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:13.49%;">B-2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:89.01%;">Services
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:13.49%;">B-2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:89.01%;">Principal Underwriter
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:13.49%;">B-2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:89.01%;">Purchase of Securities Being Offered
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:13.49%;">B-2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt Solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:4pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:89.01%;">Determination of Accumulation and Annuity Unit Value
</TD><TD
style="border-bottom:0.5pt Solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:4pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:13.49%;">B-2
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="float:right;overflow:hidden;position:relative;width:47.73%;" type="Block">
<DIV
style="text-align:left;">
<TABLE
style="border-bottom:0.5pt solid #000000;border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:89.01%;">Item
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:3pt;
text-align:justify;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.49%;">Page
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:89.01%;">Capital Markets
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:13.49%;">B-3
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:89.01%;">Advertising & Ratings
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:13.49%;">B-3
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:2pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:89.01%;">Other Information
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:2pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:13.49%;">B-3
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;padding-bottom:4pt;padding-left:0pt;padding-right:3pt;padding-top:2pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:89.01%;">Financial Statements
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-bottom:4pt;padding-left:3pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:13.49%;">B-3
</TD></TR></TABLE>
</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;">
<DIV
style="clear:both;padding-top:356pt;width:100%;" type="Block">
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="clear:both;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;
">This SAI is not a prospectus.<BR>
<FONT
style="font-weight:Normal;">The date of this SAI is May 1, 2021.</FONT></DIV>
</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="margin-top:18pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">Special
Terms</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The special terms used in
this SAI are the ones defined in the prospectus.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Services</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Independent Registered Public
Accounting Firm</DIV>
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">Ernst &
Young LLP, independent registered public accounting firm, One Commerce Square, 2005 Market Street, Suite 700, Philadelphia, Pennsylvania, 19103, has audited a) the financial statements of each of the subaccounts
listed in the appendix to the opinion that comprise Lincoln National Variable Annuity Account L, as of December 31, 2020, the related statements of operations and the statements of changes in net assets for each of
the periods indicated in the appendix to the opinion; and b) the consolidated financial statements of The Lincoln National Life Insurance Company as of December 31, 2020 and 2019 and for each of the three years in the
period ended December 31, 2020 as set forth in their reports, which are included in this SAI and Registration Statement. The aforementioned financial statements are included herein in reliance on Ernst & Young
LLP's reports, given on their authority as experts in accounting and auditing.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:12pt;font-style:Normal;font-weight:bold;line-height:15pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Keeper of Records</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">All accounts, books, records
and other documents which are required to be maintained for the VAA are maintained by us or by third parties responsible to Lincoln Life. We have entered into an agreement with State Street Bank and Trust Company, 801
Pennsylvania Ave, Kansas City, MO 64105, to provide accounting services to the VAA. No separate charge against the assets of the VAA is made by us for this service.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Principal Underwriter</DIV>
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">Lincoln
Financial Distributors, Inc. (“LFD”), an affiliate of Lincoln Life, serves as principal underwriter (the “Principal Underwriter”) for the contracts, as described in the prospectus. The
Principal Underwriter offers the contracts to the public on a continuous basis and anticipates continuing to offer the contracts, but reserves the right to discontinue the offering. The Principal Underwriter offers
the contracts through sales representatives, who are associated with Lincoln Financial Advisors Corporation and/or Lincoln Financial Securities Corporation (collectively, “LFN”), our affiliates. The
Principal Underwriter also may enter into selling agreements with other broker-dealers (“Selling Firms”) for the sale of the contracts. Sales representatives of Selling Firms are appointed as our insurance
agents. LFD, acting as Principal Underwriter, paid $1,425,415, $1,279,933 and $1,376,603 to LFN and Selling Firms in 2018, 2019 and 2020 respectively, as sales compensation with respect to all the contracts offered
under the VAA. The Principal Underwriter retained no underwriting commissions for the sale of the contracts.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Purchase of Securities Being
Offered</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The variable annuity
contracts are offered to the public through licensed insurance agents who specialize in selling our products; through independent insurance brokers; and through certain securities brokers/dealers selected by us whose
personnel are legally authorized to sell annuity products. There are no special purchase plans for any class of prospective buyers. However, under certain limited circumstances described in the prospectus under the
section Charges and Other Deductions, any applicable account fee and/or surrender charge may be reduced or waived.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Both before and after the
Annuity Commencement Date, there are exchange privileges between Subaccounts, and from the VAA to the general account (if available) subject to restrictions set out in the prospectus. See The Contracts, in the
prospectus. No exchanges are permitted between the VAA and other separate accounts.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The offering of the
contracts is continuous.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Determination of Accumulation
and Annuity Unit Value</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">A description of the days on
which Accumulation and Annuity Units will be valued is given in the prospectus. The New York Stock Exchange's (NYSE) most recent announcement (which is subject to change) states that it will be closed on weekends and
on these holidays: New Year's Day, Martin Luther King Day, President's Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day. If any of these holidays occurs on a weekend
day, the Exchange may also be closed on the business day occurring just before or just after the holiday. It may also be closed on other days.</DIV>
</DIV>
<DIV
style="margin-top:39pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:right;text-decoration:none;text-transform:none;">B-2</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Since the portfolios of some
of the funds and series will consist of securities primarily listed on foreign exchanges or otherwise traded outside the United States, those securities may be traded (and the net asset value of those funds and series
and of the variable account could therefore be significantly affected) on days when the investor has no access to those funds and series.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Capital Markets</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">In any particular year, our
capital may increase or decrease depending on a variety of factors — the amount of our statutory income or losses (which is sensitive to equity market and credit market conditions), the amount of additional
capital we must hold to support business growth, changes in reserving requirements, our inability to secure capital market solutions to provide reserve relief, such as issuing letters of credit to support captive
reinsurance structures, changes in equity market levels, the value of certain fixed-income and equity securities in our investment portfolio and changes in interest rates.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Advertising & Ratings</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">We may include in certain
advertisements, endorsements in the form of a list of organizations, individuals or other parties which recommend Lincoln Life or the policies. Furthermore, we may occasionally include in advertisements comparisons of
currently taxable and tax deferred investment programs, based on selected tax brackets, or discussions of alternative investment vehicles and general economic conditions.</DIV>
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">Our
financial strength is ranked and rated by nationally recognized independent rating agencies. The ratings do not imply approval of the product and do not refer to the performance of the product, or any separate
account, including the underlying investment options. Ratings are not recommendations to buy our products. Each of the rating agencies reviews its ratings periodically. Accordingly, all ratings are subject to revision
or withdrawal at any time by the rating agencies, and therefore, no assurance can be given that these ratings will be maintained. The current outlook for the insurance subsidiaries is stable for Moody’s, A.M.
Best and Standard & Poor’s and Fitch. Our financial strength ratings, which are intended to measure our ability to meet contract holder obligations, are an important factor affecting public confidence in
most of our products and, as a result, our competitiveness. A downgrade of our financial strength rating could affect our competitive position in the insurance industry by making it more difficult for us to market our
products as potential customers may select companies with higher financial strength ratings and by leading to increased withdrawals by current customers seeking companies with higher financial strength ratings. For
more information on ratings, including outlooks, see https://www.lfg.com/public/aboutus/investorrelations/financialinformation/ratings.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Annuity Payout
Illustrations. <FONT
style="font-weight:Normal;">These will provide an initial benefit payment based in part on the Annuitant, the Contract Value and the fixed and/or variable Annuity Payout option elected. In addition, variable Annuity
Payout illustrations may show the historical results of a variable payout in a Subaccount of the VAA.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Compound Interest
Illustrations<FONT
style="padding-left:1%;"></FONT><FONT
style="font-weight:Normal;">—</FONT><FONT
style="padding-left:1%;"></FONT><FONT
style="font-weight:Normal;">These will emphasize several advantages of the variable annuity contract. For example, but not by way of illustration, the literature may emphasize the potential tax savings through tax
deferral; the potential advantage of the variable annuity account over the fixed account; and the compounding effect when a client makes regular deposits to his or her contract.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Internet<FONT
style="padding-left:1%;"></FONT><FONT
style="font-weight:Normal;">—</FONT><FONT
style="padding-left:1%;"></FONT><FONT
style="font-weight:Normal;">An electronic communications network which may be used to provide information regarding Lincoln Life, performance of the subaccounts and advertisement literature.</FONT></DIV>
<DIV
style="margin-top:18pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">Other
Information</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Due to differences in
redemption rates, tax treatment or other considerations, the interests of policyholders under the variable life accounts could conflict with those of Contractowners under the VAA. In those cases, where assets from
variable life and variable annuity separate accounts are invested in the same fund(s) (i.e., where mixed funding occurs), the Boards of Directors of the fund involved will monitor for any material conflicts and
determine what action, if any, should be taken. If it becomes necessary for any separate account to replace shares of any fund with another investment, that fund may have to liquidate securities on a disadvantageous
basis. Refer to the prospectus for each fund for more information about mixed funding.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:bold;line-height:21pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">Financial Statements</DIV>
<DIV
style="margin-top:6pt;"></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-bottom:2pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">The
December 31, 2020 financial statements of the VAA and the December 31, 2020 consolidated financial statements of Lincoln Life are incorporated into this SAI by reference to the VAA’s most recent Form N-VPFS
(<FONT
><A href="http://www.sec.gov/Archives/edgar/data/1015343/000110465921053513/a21-8104_13nvpfs.htm">“Form N-VPFS”</A></FONT>) filed with the SEC.</DIV>
</DIV>
<DIV
style="margin-top:55pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:67pt;text-align:left;text-decoration:none;text-transform:none;">B-3</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<DIV
style="width:595pt;"></DIV>
<div style="page-break-before:always;"></div>
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">Lincoln National Variable
Annuity Account L</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:center;text-decoration:none;text-transform:none;">PART C - OTHER
INFORMATION</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Item 24. Financial Statements
and Exhibits</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">(a) List of Financial
Statements</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">1. Part
A</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">The Table
of Condensed Financial Information is included in Part A of this Registration Statement.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">2. Part
B</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">The
following financial statements for the Variable Account are included in Part B of this Registration Statement:</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">Statement
of Assets and Liabilities - December 31, 2020</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">Statement
of Operations - Year ended December 31, 2020</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;
">Statements of Changes in Net Assets - Years ended December 31, 2020 and 2019</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">Notes to
Financial Statements - December 31, 2020</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">Report of
Independent Registered Public Accounting Firm</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">3. Part
B</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">The
following consolidated financial statements for The Lincoln National Life Insurance Company are included in Part B of this Registration Statement:</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;
">Consolidated Balance Sheets - Years ended December 31, 2020 and 2019</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;
">Consolidated Statements of Comprehensive Income (Loss) - Years ended December 31, 2020, 2019 and 2018</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;
">Consolidated Statements of Stockholder’s Equity - Years ended December 31, 2020, 2019 and 2018</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;
">Consolidated Statements of Cash Flows - Years ended December 31, 2020, 2019 and 2018</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">Notes to
Consolidated Financial Statements - December 31, 2020</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">Report of
Independent Registered Public Accounting Firm</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">(b) List of Exhibits</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">(1) <FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/353894/0001047469-99-015874.txt">Resolution of Board of Directors and Memorandum from the President of The Lincoln National Life Insurance Company authorizing
establishment of the Variable Account are incorporated herein by reference to Post-Effective Amendment No. 16 (File No. 033-25990) filed on April 22, 1999.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">(2) Not Applicable</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">(3)(a) <FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1048606/000072686518000121/ex3a.htm">Form of Broker-Dealer Selling Agreement among The Lincoln National Life Insurance Company, Lincoln Life & Annuity Company of New
York and Lincoln Financial Distributors, Inc. incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-222786) filed on January 30, 2018.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">(b)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1048606/000072686507000801/exhibit3i.txt">Amended and Restated Principal Underwriting Agreement dated May 1, 2007 between The Lincoln National Life Insurance Company and
Lincoln Financial Distributors, Inc. incorporated herein by reference to Post-Effective Amendment No. 24 (File No. 333-61554) filed on December 18, 2007.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">(4)(a) <FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1015343/000104746913006519/a2214067zex-99_b4.txt">Variable Annuity Contract (AN-701) incorporated herein by reference to Pre-Effective Amendment No. 1 (File No.
333-187072) filed on May 28, 2013.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">(b)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1015343/000110465914087053/a14-25116_1ex99db4b.txt">Group Variable Annuity Certificate (AN-711) incorporated herein by reference to Pre-Effective Amendment No. 1 (File
No. 333-198911) filed on December 16, 2014.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">(c)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1048606/000110465916111038/a16-3961_1ex99db4g.htm">Amendment for IRA Retirement Plan (AE-283) incorporated herein by reference to Post-Effective Amendment No. 63 (File
No. 333-40937) filed on April 12, 2016.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">(d)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1048606/000110465916111038/a16-3961_1ex99db4h.htm">Amendment for Roth IRA Retirement Plan (AE-284) incorporated herein by reference to Post-Effective Amendment No. 63
(File No. 333-40937) filed on April 12, 2016.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">(5) Application (N/A)</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">(6)(a) <FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1015343/000091205796021106/0000912057-96-021106.txt">Articles of Incorporation of The Lincoln National Life Insurance Company incorporated herein by reference to
Pre-Effective Amendment No. 1 (File No. 333-04999) filed on September 24, 1996.</A></FONT></DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
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<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">(b)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1048607/000104746907002620/a2176929zex-99_b266b.txt">By-Laws of The Lincoln National Life Insurance Company incorporated herein by reference to Post-Effective Amendment
No. 3 on Form N-6 (File No. 333-118478) filed on April 5, 2007.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">(7)(a) <FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/804223/000104746910003445/a2196902zex-99_b7a.txt">Automatic Indemnity Reinsurance Agreement Amended and Restated as of October 1, 2009 between The Lincoln National Life
Insurance Company and Lincoln National Reinsurance Company (Barbados) Limited incorporated herein by reference to Post-Effective Amendment No. 43 (File No. 033-26032) filed on April 7, 2010.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">(i)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1048606/000072686513000872/ex7ai.htm">Amendments to the Automatic Indemnity Reinsurance Agreement between The Lincoln National Life Insurance Company and Lincoln
National Reinsurance Company (Barbados) Limited incorporated herein by reference to Post-Effective Amendment No. 28 (File No. 333-138190) filed on November 5, 2013.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">(ii)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1048606/000110465918023505/a18-5316_1ex99db7aii.htm">Amendment No. 4 to the Automatic Indemnity Reinsurance Agreement between The Lincoln National Life Insurance Company
and Lincoln National Reinsurance Company (Barbados) Limited incorporated herein by reference to Post-Effective Amendment No. 69 (File No. 333-40937) filed on April 11, 2018.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">(iii)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/804223/000110465919023298/a19-4768_1ex99db7aiii.htm">Amendment No. 5 to the Automatic Indemnity Reinsurance Agreement between The Lincoln National Life Insurance Company
and Lincoln National Reinsurance Company (Barbados) Limited incorporated herein by reference to Post-Effective Amendment No. 62 (File No. 033-26032) filed on April 24, 2019.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">(iv)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/804223/000110465919023298/a19-4768_1ex99db7aiv.htm">Amendment No. 6 to the Automatic Indemnity Reinsurance Agreement between The Lincoln National Life Insurance Company
and Lincoln National Reinsurance Company (Barbados) Limited incorporated herein by reference to Post-Effective Amendment No. 62 (File No. 033-26032) filed on April 24, 2019.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">(v)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/804223/000072686519000461/ex7.htm">Amendment No. 7 to the Automatic Indemnity Reinsurance Agreement between The Lincoln National Life Insurance Company and Lincoln
National Reinsurance Company (Barbados) Limited incorporated herein by reference to Post-Effective Amendment No. 63 (File No. 033-26032) filed on September 6, 2019.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">(vi)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1048606/000072686520000080/ex7avi.htm">Amendment No. 8 to the Automatic Indemnity Reinsurance Agreement between The Lincoln National Life Insurance Company and the
Lincoln National Reinsurance Company (Barbados) Limited incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-236907) filed on March 5, 2020.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">(vii)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/804223/000072686520000403/ex7avii.htm">Amendment No. 9 to the Automatic Indemnity Reinsurance Agreement between The Lincoln National Life Insurance Company and Lincoln
National Reinsurance Company (Barbados) Limited incorporated herein by reference to Post-Effective Amendment No. 67 (File No. 033-26032) filed on August 14, 2020.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">(viii)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/804223/000072686520000403/ex7aviii.htm">Amendment No. 10 to the Automatic Indemnity Reinsurance Agreement between The Lincoln National Life Insurance Company and Lincoln
National Reinsurance Company (Barbados) Limited incorporated herein by reference to Post-Effective Amendment No. 67 (File No. 033-26032) filed on August 14, 2020.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">(ix)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1048606/000072686521000050/ex99g1ix.htm">Amendment No. 11 to the Automatic Indemnity Reinsurance Agreement between The Lincoln National Life Insurance Company and
Lincoln National Reinsurance Company (Barbados) Limited incorporated herein by reference to Post-Effective Amendment No. 13 (File No. 333-212680) filed on February 11, 2021.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">(x)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1048606/000072686521000050/ex99g1x.htm">Amendment No. 12 to the Automatic Indemnity Reinsurance Agreement between The Lincoln National Life Company and Lincoln National
Reinsurance Company (Barbados) Limited incorporated herein by reference to Post-Effective Amendment No. 13 (File No. 333-212680) filed on February 11, 2021.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">(8)(a) <FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1080299/000110465919021053/a19-3437_1ex99dbi1.htm">Accounting and Financial Administration Services Agreement dated January 1, 2019 among State Street Bank and Trust
Company, The Lincoln National Life Insurance Company and Lincoln Life & Annuity Company of New York is incorporated herein by reference to Post-Effective Amendment No. 36 on Form N-6 (File No. 333-125790) filed on
April 12, 2019.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">(b) Fund
Participation Agreement between The Lincoln National Life Insurance Company and:</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">(i)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1048607/000110465916109301/a16-3839_1ex99dbh15.htm">Lincoln Variable Insurance Products Trust incorporated herein by reference to </A></FONT><FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1048607/000110465916109301/a16-3839_1ex99dbh15.htm">Post-Effective Amendment No. 24 on Form N-6 (File No. 333-146507) filed on April 1, 2016</A></FONT>.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">(c) Rule
22c-2 Agreement between The Lincoln National Life Insurance Company and:</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">(i)
<FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1048606/000072686508000644/lvip4lnl.txt">Lincoln Variable Insurance Products Trust incorporated herein by reference to Post-Effective Amendment No. 30 (File No.
333-36304) filed on May 29, 2008.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">(9) <FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/1015343/000110465914087059/a14-25118_1ex99db9.txt">Opinion and Consent of Mary Jo Ardington, Associate General Counsel of The Lincoln National Life Insurance Company as
to the legality of securities being issued incorporated herein by reference to Pre-Effective Amendment No. 1 (File No. 333-198913) filed on December 16, 2014.</A></FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;"><a href="a21-5374_1ex99db10a.htm#Exhibit10a_082913" title="Click to goto">(10)(a) Consent of Ernst &
Young LLP, Independent Registered Public Accounting Firm filed herein.</a></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;"><a href="a21-5374_1ex99db10b.htm#POWEROFATTORNEY_082850" title="Click to goto">(b) Power
of Attorney - Principal Officers and Directors of The Lincoln National Life Insurance Company filed herein.</a></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">(11) Not Applicable</DIV>
</DIV>
<DIV
style="margin-top:15pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;">B-2</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
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<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">(12) Not Applicable</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">(13) <FONT
style="color:#0000FF;"><A href="http://www.sec.gov/Archives/edgar/data/804223/000072686519000461/orgchart.htm">Lincoln National Corporation Organizational Chart </A></FONT><FONT
style="color:#0000FF;">
<A href="http://www.sec.gov/Archives/edgar/data/804223/000072686519000461/orgchart.htm">incorporated herein by reference to Post-Effective Amendment No. 63 (File No. 033-26032) filed on September 6,
2019</A></FONT>.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Item 25. Directors and
Officers of the Depositor</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The following list contains
the officers and directors of The Lincoln National Life Insurance Company who are engaged directly or indirectly in activities relating to Lincoln National Variable Annuity Account L as well as the contracts. The list
also shows The Lincoln National Life Insurance Company's executive officers.</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:6pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:6pt;padding-top:3pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:41.18%;">Name
</TD><TD
style="line-height:0pt;padding-bottom:2pt;padding-right:6pt;padding-top:3pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:6pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:59.09%;">Positions and Offices with Depositor
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">Craig T. Beazer*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Executive Vice President, General Counsel, and Director
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">Ellen G. Cooper*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Executive Vice President, Chief Investment Officer, and Director
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">Randal J. Freitag*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Executive Vice President, Chief Financial Officer, and Director
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">Christopher A. Giovanni*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Senior Vice President and Treasurer
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">Dennis R. Glass*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">President and Director
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">Stephen B. Harris*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Senior Vice President and Chief Ethics and Compliance Officer
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">Christine Janofsky*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Senior Vice President and Controller
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">Keith J. Ryan**
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Vice President and Director
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">Nancy A. Smith*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Senior Vice President and Secretary
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:16pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:41.18%;">Joseph D. Spada***
</TD><TD
style="line-height:0pt;padding-bottom:16pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:16pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:59.09%;">Vice President and Chief Compliance Officer for Separate Accounts
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">*Principal business address
is Radnor Financial Center, 150 Radnor Chester Road, Radnor, PA 19087</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">**Principal business address
is 1300 South Clinton Street, Fort Wayne, Indiana 46802</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">***Principal business
address is 350 Church Street, Hartford, Connecticut 06096</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Item 26. Persons Controlled by
or Under Common Control with the Depositor or Registrant</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">See Exhibit 13 above:
Lincoln National Corporation Organizational Chart.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Item 27. Number of
Contractowners</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">As of March 31, 2021 there
were 34,739 participants in group contracts under Account L.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Item 28. Indemnification</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">a) Brief
description of indemnification provisions.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">In
general, Article VII of the By-Laws of The Lincoln National Life Insurance Company provides that Lincoln Life will indemnify certain persons against expenses, judgments and certain other specified costs incurred by
any such person if he/she is made a party or is threatened to be made a party to a suit or proceeding because he/she was a director, officer, or employee of Lincoln Life, as long as he/she acted in good faith and in a
manner he/she reasonably believed to be in the best interests of, or act opposed to the best interests of, Lincoln Life. Certain additional conditions apply to indemnification in criminal proceedings.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">In
particular, separate conditions govern indemnification of directors, officers, and employees of Lincoln Life in connection with suits by, or in the right of, Lincoln Life.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">Please
refer to Article VII of the By-Laws of Lincoln Life (Exhibit no. 6(b) hereto) for the full text of the indemnification provisions. Indemnification is permitted by, and is subject to the requirements of, Indiana
law.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">b)
Undertaking pursuant to Rule 484 of Regulation C under the Securities Act of 1933:</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the provisions described in Item 28(a) above or
otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer, or controlling person of the Registrant in the successful
defense of any such action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the</DIV>
</DIV>
<DIV
style="margin-top:32pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;">B-3</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:9.09%;text-align:left;text-decoration:none;text-transform:none;">opinion of its counsel
the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed
by the final adjudication of such issue.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Item 29. Principal
Underwriter</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">(a)
Lincoln Financial Distributors, Inc. (“LFD”) currently serves as Principal Underwriter for: Lincoln National Variable Annuity Account C; Lincoln National Flexible Premium Variable Life Account D; Lincoln
National Variable Annuity Account E; Lincoln National Flexible Premium Variable Life Account F; Lincoln National Flexible Premium Variable Life Account G; Lincoln National Variable Annuity Account H; Lincoln Life &
Annuity Variable Annuity Account H; Lincoln Life Flexible Premium Variable Life Account J; Lincoln Life Flexible Premium Variable Life Account K; Lincoln National Variable Annuity Account L; Lincoln Life &
Annuity Variable Annuity Account L; Lincoln Life Flexible Premium Variable Life Account M; Lincoln Life & Annuity Flexible Premium Variable Life Account M; Lincoln Life Variable Annuity Account N; Lincoln New York
Account N for Variable Annuities; Lincoln Life Variable Annuity Account Q; Lincoln Life Flexible Premium Variable Life Account R; LLANY Separate Account R for Flexible Premium Variable Life Insurance; Lincoln Life
Flexible Premium Variable Life Account S; LLANY Separate Account S for Flexible Premium Variable Life Insurance; Lincoln Life Variable Annuity Account T; Lincoln Life Variable Annuity Account W; and Lincoln Life
Flexible Premium Variable Life Account Y and Lincoln Life & Annuity Flexible Premium Variable Life Account Y; Lincoln Life Variable Annuity Account JF-H; Lincoln Life Variable Annuity Account JF-I; Lincoln Life
Flexible Premium Variable Life Account JF-A; Lincoln Life Flexible Premium Variable Life Account JF-C; Lincoln Life Variable Annuity Account JL-A; Lincoln Life & Annuity Flexible Premium Variable Life Account JA-B;
Lincoln Variable Insurance Products Trust; Lincoln Advisors Trust.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">(b)
Officers and Directors of Lincoln Financial Distributors, Inc.:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:6pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:0pt;padding-right:6pt;padding-top:3pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:41.18%;">Name
</TD><TD
style="line-height:0pt;padding-bottom:2pt;padding-right:6pt;padding-top:3pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2pt;padding-left:6pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:59.09%;">Positions and Offices with Underwriter
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">John C. Kennedy*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">President and Chief Executive Officer
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">Andrew J. Bucklee*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Senior Vice President and Director
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">William A. Nash**
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Senior Vice President and Director
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">Christopher A. Giovanni*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Senior Vice President and Treasurer
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">John C. Kennedy*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Senior Vice President, Head of Retirement Solutions Distribution, and Director
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">MacGregor B. Maitland*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Vice President and Chief Compliance Officer
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">Thomas P. O'Neill*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Senior Vice President and Chief Operating Officer
</TD></TR>
<TR
bgcolor="#DEE9F6" style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:41.18%;">Christopher P. Potochar*
</TD><TD
style="line-height:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:59.09%;">Senior Vice President and Director, Head of Finance and Strategy
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:16pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:41.18%;">Claire H. Hanna*
</TD><TD
style="line-height:0pt;padding-bottom:16pt;padding-right:6pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:2.00%;"> 
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:16pt;padding-left:6pt;padding-top:2.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:59.09%;">Secretary
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">*Principal Business address
is Radnor Financial Center, 150 Radnor Chester Road, Radnor, PA 19087</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">**Principal Business address
is 3108 Rhett Butler Place, Charlotte, NC 28270</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">(c)
N/A</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Item 30. Location of Accounts
and Records</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">All accounts, books, and
other documents, except accounting records, required to be maintained by Section 31a of the 1940 Act and the Rules promulgated thereunder are maintained by The Lincoln National Life Insurance Company, 1300 South
Clinton Street, Fort Wayne, Indiana 46802. The accounting records are maintained by State Street Bank and Trust Company, 801 Pennsylvania Avenue, Kansas City, MO 64105.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Item 31. Management
Services</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Not Applicable.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Item 32. Undertakings</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">(a)
Registrant undertakes that it will file a post-effective amendment to this registration statement as frequently as necessary to ensure that the audited financial statements in the registration statement are never more
than 16 months old for so long as payments under the variable annuity contracts may be accepted.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">(b)
Registrant undertakes that it will include either (1) as part of any application to purchase a Certificate or an Individual Contract offered by the Prospectus, a space that an applicant can check to request a
Statement of Additional Information, or (2) a post card or a similar written communication affixed to or included in the Prospectus that the applicant can remove to send for a Statement of Additional Information.</DIV>
</DIV>
<DIV
style="margin-top:24pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;">B-4</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<DIV
style="width:595pt;"></DIV>
<P
style="margin:0pt;page-break-before:always;">
</P>
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">(c)
Registrant undertakes to deliver any Statement of Additional Information and any financial statements required to be made available under this Form promptly upon written or oral request to Lincoln Life at the address
or phone number listed in the Prospectus.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:4.55%;text-align:left;text-decoration:none;text-transform:none;">(d) The
Lincoln National Life Insurance Company hereby represents that the fees and charges deducted under the contract, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be
incurred, and the risks assumed by The Lincoln National Life Insurance Company.</DIV>
</DIV>
<DIV
style="margin-top:645pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:657pt;text-align:center;text-decoration:none;text-transform:none;">B-5</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<DIV
style="width:595pt;"></DIV>
<div style="page-break-before:always;"></div>
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"> </font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b><a name="SIGNATURES_021702"></a></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">         </font>As required by the Securities Act of 1933 and the Investment Company Act of 1940, the each Registrant certifies that it meets the requirements of Securities Act Rule 485(b) for effectiveness of these registration statements and has caused these Post-Effective Amendments to the registration statements to be signed on its behalf, in the City of Fort Wayne, and the State of Indiana on this 13th day of April, 2021 at 9:00 am.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Lincoln National Variable Annuity Account C</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Lincoln National Variable Annuity Account L</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Lincoln Life Variable Annuity Account Q</font></b></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrants)</font></p> </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p> </td>
<td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ John D. Weber</font></p> </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td> </tr>
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="60%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:60.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John D. Weber</font></p> </td> </tr>
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="60%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:60.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President, The Lincoln National Life Insurance Company</font></p> </td> </tr> </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Signed on its behalf, in the City of Radnor, and the State of Pennsylvania on this 13th day of April, 2021 at 9:00 am.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Lincoln National Life Insurance Company</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Depositor)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p> </td>
<td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Ralph R. Ferraro</font></p> </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td> </tr>
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="60%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:60.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ralph R. Ferraro</font></p> </td> </tr>
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="60%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:60.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Signature-Officer of Depositor)</font></p> </td> </tr>
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="60%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:60.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Senior Vice President, The Lincoln National Life Insurance Company</font></p> </td> </tr> </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Lincoln National Variable Annuity Account C (File No. 811-03214; CIK: 0000353894)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p>
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">033-25990 (Amendment No. 63)</font></p> </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">333-112927 (Amendment No. 29)</font></p> </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">333-179107 (Amendment No. 13)</font></p> </td> </tr> </table>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Lincoln National Variable Annuity Account L (File No. 811-07645; CIK: 0001015434)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p>
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">333-04999 (Amendment No. 34)</font></p> </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">333-187069 (Amendment No. 10)</font></p> </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">333-187070 (Amendment No. 10)</font></p> </td> </tr>
<tr>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">333-187071 (Amendment No. 10)</font></p> </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">333-187072 (Amendment No. 10)</font></p> </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">333-198911 (Amendment No. 7)</font></p> </td> </tr>
<tr>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">333-198912 (Amendment No. 7)</font></p> </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">333-198913 (Amendment No. 7)</font></p> </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">333-198914 (Amendment No. 7)</font></p> </td> </tr> </table>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Lincoln Life Variable Annuity Account Q (File No. 811-08569; CIK: 0001048604)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p>
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
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<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">333-43373 (Amendment No. 29)</font></p> </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td> </tr> </table>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">         </font>As required by the Securities Act of 1933, these Amendments to the registration statements have been signed by the following persons in their capacities indicated on April 13, 2021 at 9:00 am.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="35%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Signature</font></b></p> </td>
<td width="2%" colspan="2" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;"> </font></b></p> </td>
<td width="62%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:62.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Title</font></b></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*/s/ Dennis R. Glass</font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President, Director, and Chairman</font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dennis R. Glass</font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Principal Executive Officer)</font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive Vice President and Director</font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Craig T. Beazer</font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td> </tr>
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<td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*/s/ Ellen Cooper</font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive Vice President, Chief Investment Officer, and Director</font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ellen Cooper</font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">* /s/ Randal J. Freitag</font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive Vice President, Chief Financial Officer, and Director</font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Randal J. Freitag</font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Principal Financial Officer)</font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">* /s/ Christine A. Janofsky</font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Senior Vice President, Chief Accounting Officer, and Controller</font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Christine A. Janofsky</font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">* /s/ Keith J. Ryan</font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President and Director</font></p> </td> </tr>
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<td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Keith J. Ryan</font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td> </tr>
<tr>
<td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td> </tr>
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<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">* By</font></p> </td>
<td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ John D. Weber</font></p> </td>
<td width="65%" colspan="3" valign="top" style="padding:0in 0in 0.375pt 0in;width:65.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">, Pursuant to a Power of Attorney</font></p> </td> </tr>
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<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John D. Weber </font></p> </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="63%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:63.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p>
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<TYPE>EX-99.B(10)(A)
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<p align="right" style="margin:0in 0in .0001pt .5in;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;"><font style="font-weight:bold;">Exhibit (10)(a)</font><a name="Exhibit10a_082913"></a></font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Independent Registered Public Accounting Firm</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We consent to the reference to our firm under the caption “Independent Registered Public Accounting Firm” in Post-Effective Amendment No. 7 to the 1933 Act Registration Statement (Form N-4 No. 333-198913) and Amendment No. 128 to the 1940 Act Registration Statement (Form N-4 No. 811-07645), and to the use therein of our reports dated (a) March 9, 2021, with respect to the consolidated financial statements of The Lincoln National Life Insurance Company and (b) April 22, 2021, with respect to the financial statements of Lincoln National Variable Annuity Account L for the registration of interests in a separate account under group flexible payment deferred variable annuity contracts.</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="192" height="53" src="g53744msi001.gif"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Philadelphia, Pennsylvania</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">April 22, 2021</font></p>
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<TYPE>EX-99.B(10)(B)
<SEQUENCE>3
<FILENAME>a21-5374_1ex99db10b.htm
<DESCRIPTION>EX-99.B(10)(B)
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">POWER OF ATTORNEY</font></b><a name="POWEROFATTORNEY_082850"></a></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We, the undersigned directors and/or officers of The Lincoln National Life Insurance Company, hereby constitute and appoint Delson R. Campbell, Scott C. Durocher, Kimberly A. Genovese, Daniel P. Herr, Donald E. Keller, Michelle Grindle,  Jeffrey L. Smith, Jassmin McIver-Jones, Carolyn Augur and John D. Weber,  individually, our true and lawful attorneys-in-fact, with full power to each of them to sign for us, in our names and in the capacities indicated below, any Registration Statements and any and all amendments to Registration Statements; including exhibits, or other documents filed on Forms N-6, N-4 or S-3 or any successors or amendments to these Forms, filed with the Securities and Exchange Commission, under the Securities Act of 1933 and/or Securities Act of 1940, on behalf of the Company in its own name or in the name of one of its Separate Accounts, hereby ratifying and confirming our signatures as they may be signed by any of our attorneys-in-fact to any such amendments to said Registration Statements as follows:</font></p>
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<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Variable Life Insurance Separate Accounts:</font></b></p>
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<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Account</font></b></p> </td>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Product name</font></b></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln Life Flexible Premium Variable Life Account D (811-04592)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Variable Universal Life Leadership Series</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln Life Flexible Premium Variable Life Account F (811-05164)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">American Legacy Life<br> American Legacy Estate Builder</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln Life Flexible Premium Variable Life Account G (811-05585)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">VUL-III</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln Life Flexible Premium Variable Life Account J (811-08410)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">American Legacy Variable Life</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln Life Flexible Premium Variable Life Account K (811-08412)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Multi Fund Variable Life</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln Life Flexible Premium Variable Life Account M (811-08557)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">VULdb / VULdb ES<br> VULdb-II ES<br> VUL-I / VULcv<br> VULcv-II / VULcvII ES / VUL Flex<br> VULcv-III ES<br> MoneyGuard VUL<br> VULone ES / VULone 2005 ES<br> Momentum VULone / Momentum VULone 2005<br> VULcv-IV ES<br> VULdb-IV ES<br> Momentum VULone 2007<br> VULone 2007<br> AssetEdge VUL<br> AssetEdge VUL2015/AssetEdge Exec VUL 2015<br> VULone2012<br> VULone2014<br> InReach VULone2014<br> VULone2019<br> AssetEdge VUL2019/AssetEdge Exec VUL 2019<br> AssetEdge VUL2019-2/AssetEdge Exec VUL 2019-2<br> AssetEdge VUL2020/AssetEdge Exec VUL 202<br> MoneyGuard Market Advantage<br> VULone2021</font></p> </td> </tr> </table>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln Life Flexible Premium Variable Life Account R (811-08579)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SVUL / SVUL-I<br> SVUL-II / SVUL-II ES<br> SVUL-III ES<br> SVUL-IV ES / PreservationEdge SVUL<br> SVULone ES<br> Momentum SVULone<br> SVULone 2007 ES<br> Momentum SVULone 2007<br> SVULone2013<br> SVULone2016<br> SVULone2019<br> SVULone2021</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln Life Flexible Premium Variable Life Account S (811-09241)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CVUL / CVUL Series III / CVUL Series III ES<br> LCV4 ES<br> LCV5 ES / LCC VUL<br> Lincoln Corporate Executive VUL</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln Life Flexible Premium Variable Life Account Y (811-21028)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">American Legacy VULcv-III<br> American Legacy VULdb-II<br> American Legacy SVUL-II<br> American Legacy SVUL-III<br> American Legacy VULcv-IV<br> American Legacy VULdb-IV<br> American Legacy SVUL-IV/PreservationEdge SVUL<br> American Legacy AssetEdge</font></p> </td> </tr> </table>
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<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Variable Annuity Separate Accounts:</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Product name</font></b></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln National Variable Annuity Account C (811-03214)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Multi-Fund<br> Multi-Fund Select<br> Multi-Fund 5 Retirement Annuity</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln National Variable Annuity Account E (811-04882)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The American Legacy</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln National Variable Annuity Account H (811-05721)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">American Legacy II<br> American Legacy III<br> American Legacy III B Class<br> American Legacy III C Share<br> American Legacy III Plus<br> American Legacy III View<br> American Legacy Design<br> American Legacy Signature<br> American Legacy Fusion<br> American Legacy Series<br> American Legacy Advisory<br> American Legacy Target Date Income B Share<br> American Legacy Target Date Income Advisory<br> Shareholder’s Advantage<br> Shareholder’s Advantage A Class<br> Shareholder’s Advantage purchased on and after May 21, 2018</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln National Variable Annuity Account L (811-07645)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Group Variable Annuity<br> Secured Retirement Income Version 1<br> Secured Retirement Income Version 2<br> Secured Retirement Income Version 3<br> Secured Retirement Income Version 4<br> Retirement Income Rollover Version 1<br> Retirement Income Rollover Version 2<br> Retirement Income Rollover Version 3<br> Retirement Income Rollover Version 4</font></p> </td> </tr> </table>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln Life Variable Annuity Account N (811-08517)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ChoicePlus Assurance (A Share)<br> ChoicePlus Assurance (A Class)<br> ChoicePlus Assurance (B Share)<br> ChoicePlus Assurance (B Class)<br> ChoicePlus Assurance (C Share)<br> ChoicePlus Assurance (L Share)<br> ChoicePlus Assurance (Bonus)<br> Choice Plus<br> Choice Plus II<br> ChoicePlus Access<br> ChoicePlus II Access<br> ChoicePlus Bonus<br> ChoicePlus II Bonus<br> ChoicePlus II Advance<br> ChoicePlus Design<br> ChoicePlus Signature<br> ChoicePlus Rollover<br> ChoicePlus Fusion<br> ChoicePlus Series<br> ChoicePlus Prime<br> ChoicePlus Advisory<br> ChoicePlus Select B-Share<br> InvestmentSolutions<br> InvestmentSolutions RIA<br> Lincoln Investor Advantage<br> Lincoln Invester Advantage 2018<br> Lincoln Invester Advantage Pro<br> Lincoln Investor Advantage Fee-Based<br> Lincoln Investor Advantage RIA<br> Lincoln Investor Advantage Advisory<br> Lincoln Investor Advantage Advisory Pro<br> Lincoln Investor Advantage RIA Class<br> Lincoln Investor Advantage Advisory Choice<br> Lincoln Invester Advantage Advisory Choice Pro<br> Lincoln Level Advantage B Share Indexed Variable Annuity<br> Lincoln Level Advantage Advisory Indexed Variable Annuity<br> Lincoln Level Advantage B Class Indexed Variable Annuity<br> Lincoln Level Advantage Advisory Class Indexed Variable Annuity<br> Lincoln Level Advantage Fee-Based Indexed Variable Annuity<br> Lincoln Level Advantage Select B-Share Indexed Variable Annuity<br> Lincoln Level Advantage Design B-Share Indexed Variable Annuity<br> Lincoln Level Advantage Design Advisory Indexed Variable Annuity<br> Lincoln Level Advantage Access Indexed Variable Annuity<br> Core Income</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln Life Variable Annuity Account Q (811-08569)</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Multi-Fund Group</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln Life S-3 Filing</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lincoln Level Advantage B Share Indexed Variable Annuity<br> Lincoln Level Advantage Advisory Indexed Variable Annuity<br> Lincoln Level Advantage B Class Indexed Variable Annuity<br> Lincoln Level Advantage Advisory Class Indexed Variable Annuity<br> Lincoln Level Advantage Fee-Based Indexed Variable Annuity<br> Lincoln Level Advantage Select B Share Indexed Variable Annuity<br> Lincoln Level Advantage Design B-Share Indexed Variable Annuity<br> Lincoln Level Advantage Design Advisory Indexed Variable Annuity<br> Lincoln Level Advantage Access Indexed Variable Annuity</font></p> </td> </tr> </table>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Except as otherwise specifically provided herein, the power-of-attorney granted herein shall not in any manner revoke in whole or in part any power-of-attorney that each person whose signature appears below has previously executed.  This power-of-attorney shall not be revoked by any subsequent power-of-attorney each person whose signature appears below may execute, unless such subsequent power specifically refers to this power-of-attorney</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">or specifically states that the instrument is intended to revoke all prior general powers-of-attorney or all prior powers-of-attorney.</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Power-of-Attorney may be executed in separate counterparts each of which when executed and delivered shall be an original; but all such counterparts shall together constitute one and the same instrument.  Each counterpart may consist of a number of copies, each signed by less than all, but together signed by all, of the undersigned.</font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Signature</font></b></p> </td>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Title</font></b></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Dennis R. Glass</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President, Chairman and Director</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dennis R. Glass</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Ellen G. Cooper</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive Vice President, Chief Investment Officer and Director</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ellen G. Cooper</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Randal J. Freitag</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive Vice President; Chief Financial Officer and Director</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Randal J. Freitag</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Christine A. Janofsky</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Senior Vice President and Controller</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Christine A. Janofsky</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No longer with the company</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive Vice President and Director</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wilford H. Fuller</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Keith J. Ryan</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President and Director</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Keith J. Ryan</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We, Delson R. Campbell, Scott C. Durocher, Kimberly A. Genovese, Daniel P. Herr, Donald E. Keller,  Michelle Grindle, Jeffrey L. Smith, Jassmin McIver-Jones, Carolyn Augur and John D. Weber, have read the foregoing Power of Attorney.  We are the person(s) identified therein as agent(s) for the principal named therein.  We acknowledge our legal responsibilities.</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Delson R. Campbell</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Scott C. Durocher</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Delson R. Campbell</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Scott C. Durocher</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Kimberly A. Genovese</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Daniel P. Herr</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Kimberly A. Genovese</font></p> </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Daniel P. Herr</font></p> </td> </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td> </tr>
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<td width="49%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Donal E. Keller</font></p> </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="49%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Michelle Grindle</font></p> </td> </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Donald E. Keller</font></p> </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Michelle Grindle</font></p> </td> </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td> </tr>
<tr>
<td width="49%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Jeffrey L. Smith</font></p> </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="49%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/John D. Weber</font></p> </td> </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jeffrey L. Smith</font></p> </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John D. Weber</font></p> </td> </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td> </tr>
<tr>
<td width="49%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">s/sJassmin McIver-Jones</font></p> </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="49%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Carolyn Augur</font></p> </td> </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jassmin McIver-Jones</font></p> </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Carolyn Augur</font></p> </td> </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p> </td> </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Version dated: February 3, 2021</font></p> </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;"> </font></p> </td> </tr> </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"> </font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>