Updating Summary Prospectus - Form 497VPU

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

Lincoln National Variable Annuity Account E

The American Legacy^®

Prospectus Supplement dated August 9, 2024 to the

Updating Summary Prospectus for Current Contractowners dated May 1, 2024

This supplement discusses changes to your summary prospectus. All other provisions in your prospectus remain unchanged. Please retain this supplement for future reference.

Purchase Payments - Beginning September 16, 2024, the following rules will apply to maximum Purchase Payments:

Purchase Payments totaling $2 million or more are subject to Home Office approval. This amount takes into consideration the total Purchase Payments for all variable annuity contracts issued by the Company (or its affiliates) (excluding Lincoln Level Advantage^® and Lincoln Level Advantage 2^SM contracts) for the same Contractowner, joint owner, and/or Annuitant.

Distribution of the Contracts - As of May 6, 2024, Lincoln Financial Group and Osaic, Inc. entered into an agreement whereby Osaic acquired Lincoln Financial Advisors Corporation and Lincoln Financial Securities Corporation (collectively "LFN"). All references to LFN in your prospectus, including the paragraph titled "Compensation Paid to LFN", may be disregarded.