Lincoln National Variable Annuity Account H
08/08/2024 | Press release | Distributed by Public on 08/08/2024 14:19
Post Effective Amendment to Registration Statement by Investment Company Form 485BPOS
As filed with the Securities and Exchange Commission on August 8, 2024
1933 Act Registration No. 333-18419
1940 Act Registration No. 811-05721
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
POST-EFFECTIVE AMENDMENT NO. 81
and
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
AMENDMENT NO. 726
Lincoln National Variable Annuity Account H
(Exact Name of Registrant)
(Exact Name of Registrant)
American Legacy III®
American Legacy III® B-Class
American Legacy III® B-Class
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
(Name of Depositor)
(Name of Depositor)
1301 South Harrison Street
Post Office Box 1110
Fort Wayne, Indiana 46801
(Address of Depositor's Principal Executive Offices)
Post Office Box 1110
Fort Wayne, Indiana 46801
(Address of Depositor's Principal Executive Offices)
Depositor's Telephone Number, Including Area Code: (260) 455-2000Craig T. Beazer, Esquire
The Lincoln National Life Insurance Company
150 North Radnor Chester Road
Radnor, PA 19087(Name and Address of Agent for Service)
The Lincoln National Life Insurance Company
150 North Radnor Chester Road
Radnor, PA 19087(Name and Address of Agent for Service)
Copy to:
Carolyn E. Augur, Esquire
The Lincoln National Life Insurance Company
350 Church Street
Hartford, Connecticut 06103
The Lincoln National Life Insurance Company
350 Church Street
Hartford, Connecticut 06103
Approximate Date of Proposed Public Offering: Continuous
It is proposed that this filing will become effective:
/X/ immediately upon filing pursuant to paragraph (b) of Rule 485
/ / on _____________, pursuant to paragraph (b) of Rule 485
/ / 60 days after filing pursuant to paragraph (a)(1) of Rule 485
/ / on __________, pursuant to paragraph (a)(1) of Rule 485
Title of Securities being registered:
Interests in a separate account under individual flexible payment deferred variable annuity contracts.
Interests in a separate account under individual flexible payment deferred variable annuity contracts.
The Lincoln National Life Insurance Company
Lincoln National Variable Annuity Account E
The American Legacy®
Lincoln National Variable Annuity Account H
American Legacy® II, American Legacy® III, American Legacy® III C Share, American Legacy® III View, American Legacy® Shareholder's Advantage, American Legacy® Signature, American Legacy® Series, American Legacy® Design, American Legacy® Advisory
Lincoln Life Variable Annuity Account N
ChoicePlusSM, ChoicePlusSM Access, ChoicePlusSM II, ChoicePlusSM II Access, ChoicePlusSM II Advance, ChoicePlus AssuranceSM A Share, ChoicePlus AssuranceSM B Share, ChoicePlus AssuranceSM C Share, ChoicePlus AssuranceSM L Share, ChoicePlus AssuranceSM Prime, ChoicePlus AssuranceSM Series, ChoicePlusSM Design, ChoicePlusSM Rollover, ChoicePlusSM Signature, ChoicePlusSM Advisory, InvestmentSolutionsSM RIA
Rate Sheet Prospectus Supplement dated August 8, 2024
This Rate Sheet Prospectus Supplement ("Rate Sheet") provides the rates and percentages for the Lincoln ProtectedPay® lifetime income suite. This Rate Sheet must be retained with the current prospectus.
The rates below apply for applications and/or election forms signed on or after August 19, 2024.
The rates in this Rate Sheet can be superseded. In the event we change our rates, the new rate sheet will become effective at least 10 days after it is filed. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your financial professional, or online at www.lfg.com/VAprospectus. This Rate Sheet has been filed with the Securities and Exchange Commission and can be viewed at www.sec.gov.
Current Initial Protected Lifetime Income Fee Rate
|
Single
Life
|
Joint
Life
|
|
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
Enhancement Rate
6%
Protected Annual Income Rates for Lincoln ProtectedPay Select Core® and Lincoln ProtectedPay Secure Core®
The Protected Annual Income amount is calculated when you elect the rider. Upon the first Protected Annual Income withdrawal, the Protected Annual Income rate will be based on your age (or the younger of you and your spouse under the joint life option) as of the date of that withdrawal, and thereafter may not change unless an Account Value Step-up occurs after reaching a new age band.
Lincoln ProtectedPay Select Core®
|
Single Life PAI Rate
|
Joint Life PAI Rate
|
||
|
Age
|
PAI Rate
|
Age
|
PAI Rate
|
|
59 - 64
|
4.25%
|
59 - 64
|
4.10%
|
|
65 - 69
|
6.00%
|
65 - 69
|
5.50%
|
|
70 - 74
|
6.15%
|
70 - 74
|
5.60%
|
|
75+
|
6.30%
|
75+
|
5.85%
|
Lincoln ProtectedPay Secure Core®
|
Single Life PAI Rate
|
Joint Life PAI Rate
|
||
|
Age
|
PAI Rate
|
Age
|
PAI Rate
|
|
59 - 64
|
4.75%
|
59 - 64
|
4.35%
|
|
65 - 69
|
6.10%
|
65 - 69
|
5.60%
|
|
70 - 74
|
6.30%
|
70 - 74
|
5.85%
|
|
75+
|
6.55%
|
75+
|
6.10%
|
Protected Annual Income Rates for Lincoln ProtectedPaySelect Plus®, Lincoln ProtectedPaySecure Plus®, Lincoln ProtectedPay Select Max® and Lincoln ProtectedPaySecure Max®
The initial Protected Annual Income rate is based on your age as of the date of the first Protected Annual Income withdrawal. Under the joint life option, the age of the younger of you or your spouse will be used. Thereafter the Protected Annual Income rate will only increase upon an Account Value Step-up after reaching a new age band and will decrease once the Contract Value reaches zero.
The rates in Table A apply prior to the Contract Value reaching zero. When the Contract Value reaches zero, Table B will always be used and, the Protected Annual Income amount will be immediately recalculated to equal the Protected Income Base multiplied by the applicable rate shown in Table B. The rate in Table B will be based on the later of (a) your age at the time the first Protected Annual Income withdrawal occurred, or (b) your age as of the Valuation Date of the most recent Account Value Step-up. If no withdrawals have been taken prior to the Contract Value reaching zero, then your current age (single life option) or the younger of you and your spouse (joint life option) will be used to determine the Protected Annual Income rate in Table B.
Lincoln ProtectedPay Select Plus®
|
TABLE A
|
TABLE B
|
||||
|
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
Option
|
Joint Life
Option
|
|
59 - 64
|
5.70%
|
5.20%
|
59 - 64
|
3.00%
|
3.00%
|
|
65 - 69
|
7.65%
|
7.10%
|
65 - 69
|
4.50%
|
4.25%
|
|
70 - 74
|
7.90%
|
7.15%
|
70 - 74
|
4.50%
|
4.25%
|
|
75+
|
8.00%
|
7.40%
|
75+
|
4.50%
|
4.25%
|
Lincoln ProtectedPay Secure Plus®
|
TABLE A
|
TABLE B
|
||||
|
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
Option
|
Joint Life
Option
|
|
59 - 64
|
5.65%
|
5.25%
|
59 - 64
|
3.50%
|
3.25%
|
|
65 - 69
|
7.50%
|
7.10%
|
65 - 69
|
5.00%
|
4.50%
|
|
70 - 74
|
7.75%
|
7.15%
|
70 - 74
|
5.00%
|
4.50%
|
|
75+
|
7.85%
|
7.50%
|
75+
|
5.00%
|
4.50%
|
Lincoln ProtectedPaySelect Max®
|
TABLE A
|
TABLE B
|
||||
|
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
Option
|
Joint Life
Option
|
|
59 - 64
|
5.70%
|
5.20%
|
59 - 64
|
3.00%
|
3.00%
|
|
65 - 69
|
8.30%
|
7.90%
|
65 - 69
|
3.50%
|
3.25%
|
|
70 - 74
|
8.55%
|
8.10%
|
70 - 74
|
3.50%
|
3.25%
|
|
75+
|
8.80%
|
8.30%
|
75+
|
3.50%
|
3.25%
|
Lincoln ProtectedPay Secure Max®
|
TABLE A
|
TABLE B
|
||||
|
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
Option
|
Joint Life
Option
|
|
59 - 64
|
5.65%
|
5.25%
|
59 - 64
|
3.50%
|
3.25%
|
|
65 - 69
|
8.50%
|
8.10%
|
65 - 69
|
3.50%
|
3.25%
|
|
70 - 74
|
8.75%
|
8.30%
|
70 - 74
|
3.50%
|
3.25%
|
|
75+
|
9.00%
|
8.50%
|
75+
|
3.50%
|
3.25%
|
i4LIFE® Advantage Guaranteed Income Benefit Charge Rate
|
i4LIFE® Advantage Select Guaranteed Income Benefit for Contractowners who transition from Lincoln
ProtectedPay Select Core®
|
Single
Life
|
Joint
Life
|
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) for Contractowners who transition from Lin-
coln ProtectedPay Secure Core®
|
Single
Life
|
Joint
Life
|
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
Guaranteed Income Benefit Percentages
The Guaranteed Income Benefit will be an amount equal to a specified percentage of your Account Value or Protected Income Base, based on your age (or the age of the youngest life under a joint life option) at the time the Guaranteed Income Benefit is elected. The following rates apply to i4LIFE® Advantage Guaranteed Income Benefit elections for Contractowners who transition from Lincoln ProtectedPay Select Core® and Lincoln ProtectedPay Secure Core®.
i4LIFE® Advantage Select Guaranteed Income Benefit Percentages For Contractowners Who Transition From Lincoln ProtectedPay Select Core®
|
Single Life GIB %
|
Joint Life GIB %
|
||
|
Age
|
GIB %
|
Age
|
GIB %
|
|
Under 40
|
2.25%
|
Under 40
|
2.00%
|
|
40 - 54
|
3.00%
|
40 - 54
|
2.50%
|
|
55 - 58
|
3.25%
|
55 - 58
|
2.75%
|
|
59 - 64
|
4.00%
|
59 - 64
|
3.50%
|
|
65 - 69
|
5.00%
|
65 - 69
|
4.50%
|
|
70 - 79
|
5.25%
|
70 - 79
|
4.75%
|
|
80+
|
5.25%
|
80+
|
4.75%
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) Percentages For Contractowners Who Transition From Lincoln ProtectedPay Secure Core®
|
Single Life GIB %
|
Joint Life GIB %
|
||
|
Age
|
GIB %
|
Age
|
GIB %
|
|
Under 40
|
2.25%
|
Under 40
|
2.25%
|
|
40 - 54
|
2.75%
|
40 - 54
|
2.50%
|
|
55 - 58
|
3.00%
|
55 - 58
|
2.75%
|
|
59 - 64
|
3.75%
|
59 - 64
|
3.25%
|
|
65 - 69
|
4.75%
|
65 - 69
|
4.00%
|
|
70 - 74
|
5.25%
|
70 - 74
|
4.25%
|
|
75 - 79
|
5.50%
|
75 - 79
|
4.50%
|
|
80+
|
5.50%
|
80+
|
4.75%
|
In order to receive the percentages and rates indicated in this Rate Sheet, your application or rider election form must be signed on and after August 19, 2024. We must receive your application or rider election form in Good Order within 10 days from the date you sign your application or rider election form, and the annuity must be funded within 60 calendar days. Good Order means the actual receipt by Lincoln at its Home Office of the requested transaction in writing, or by other means accepted by Lincoln, along with all the information and supporting legal documentation necessary to complete the transaction. Additional paperwork may be required if these conditions are not met and you still wish to purchase the annuity in order to receive the applicable rates in effect at that time.
The Lincoln National Life Insurance Company
Lincoln National Variable Annuity Account E
The American Legacy®
Lincoln National Variable Annuity Account H
American Legacy® II, American Legacy® III, American Legacy® III C Share, American Legacy® III View, American Legacy® Shareholder's Advantage, American Legacy® Signature, American Legacy® Series, American Legacy® Design, American Legacy® Advisory
Lincoln Life Variable Annuity Account N
ChoicePlusSM, ChoicePlusSM Access, ChoicePlusSM II, ChoicePlusSM II Access, ChoicePlusSM II Advance, ChoicePlus AssuranceSM A Share, ChoicePlus AssuranceSM B Share, ChoicePlus AssuranceSM C Share, ChoicePlus AssuranceSM L Share, ChoicePlusSM Select B Share, ChoicePlus AssuranceSM Series, ChoicePlusSM Design, ChoicePlusSM Signature, ChoicePlusSM Advisory, InvestmentSolutionsSM RIA
Rate Sheet Prospectus Supplement dated August 8, 2024
This Rate Sheet Prospectus Supplement ("Rate Sheet") provides the rates and percentages for the 4LATER® Select Advantage rider. This Rate Sheet must be retained with the current prospectus.
The rates below apply for applications and/or election forms signed on and after August 19, 2024.
The rates in this Rate Sheet can be superseded. In the event we change our rates, the new rate sheet will become effective at least 10 days after it is filed. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your financial professional, or online at www.lfg.com/VAprospectus. This Rate Sheet has been filed with the Securities and Exchange Commission and can be viewed at www.sec.gov.
Current Initial Protected Lifetime Income Fee Rate
|
Single
Life
|
Joint
Life
|
|
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
Enhancement Rate
6%
i4LIFE® Advantage Select Guaranteed Income Benefit Charge Rate
|
i4LIFE® Advantage Select Guaranteed Income Benefit for Contractowners who transition from 4LATER®
Select Advantage
|
Single
Life
|
Joint
Life
|
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
i4LIFE® Advantage Select Guaranteed Income Benefit
|
Single Life GIB Percentage
|
Joint Life GIB Percentage
|
||
|
Age
|
GIB Percentage
|
Age
|
GIB Percentage
|
|
Under 40
|
2.25%
|
Under 40
|
2.00%
|
|
40 - 54
|
3.00%
|
40 - 54
|
2.50%
|
|
55 - 58
|
3.25%
|
55 - 58
|
2.75%
|
|
59 - 64
|
4.00%
|
59 - 64
|
3.50%
|
|
65 - 69
|
5.00%
|
65 - 69
|
4.50%
|
|
70 - 79
|
5.25%
|
70 - 79
|
4.75%
|
|
80+
|
5.25%
|
80+
|
4.75%
|
In order to receive the rate indicated in this Rate Sheet, your 4LATER® Select Advantage application or rider election form must be signed and dated on and after August 19, 2024. We must receive your application or rider election form in Good Order within 10 days from the date you sign your application or rider election form and the annuity must be funded within 60 calendar days. Good Order means the actual receipt by Lincoln at its Home Office of the requested transaction in writing, or by other means accepted by Lincoln,
along with all the information and supporting legal documentation necessary to complete the transaction. Additional paperwork may be required if these conditions are not met and you still wish to purchase the annuity in order to receive the applicable rates in effect at that time.
The Lincoln National Life Insurance Company
Lincoln National Variable Annuity Account E
The American Legacy®
Lincoln National Variable Annuity Account H
American Legacy® II, American Legacy® III, American Legacy® III C Share, American Legacy® III Plus, American Legacy® III View, American Legacy® Advisory, American Legacy® Design, American Legacy® Shareholder's Advantage, American Legacy® Series, American Legacy® Signature
Lincoln Life Variable Annuity Account N
ChoicePlusSM, ChoicePlusSM Access, ChoicePlusSM Bonus, ChoicePlusSM II, ChoicePlusSM II Access, ChoicePlusSM II Advance, ChoicePlusSM II Bonus, ChoicePlus AssuranceSM A Share, ChoicePlus AssuranceSM B Share, ChoicePlus AssuranceSM Bonus, ChoicePlus AssuranceSM C Share, ChoicePlus AssuranceSM L Share, ChoicePlus AssuranceSM Series, ChoicePlusSM Advisory, ChoicePlusSM Design, ChoicePlusSM Rollover, ChoicePlusSM Signature, InvestmentSolutionsSM, InvestmentSolutionsSM RIA
Rate Sheet Prospectus Supplement dated August 8, 2024
This Rate Sheet Prospectus Supplement ("Rate Sheet") provides the i4LIFE® Advantage Guaranteed Income Benefit rate and percentages that we are currently offering. This Rate Sheet must be retained with the current prospectus.
The rates below apply for applications and/or election forms signed on and after August 19, 2024.
The rates in this Rate Sheet can be superseded. In the event we change our rates, the new rate sheet will become effective at least 10 days after it is filed. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your financial professional, or online at www.lfg.com/VAprospectus. This Rate Sheet has been filed with the Securities and Exchange Commission and can be viewed at www.sec.gov.
i4LIFE® Advantage Select Guaranteed Income Benefit Charge Rate
|
Single Life
|
Joint Life
|
|
|
Current Initial Annual Charge*
|
1.15%
|
1.35%
|
*These charges are added to the i4LIFE® Advantage charges to comprise the total charges. The charge is added to the product charge which included the mortality and expense risk charge for the death benefit you have elected.
i4LIFE® Advantage Select Guaranteed Income Benefit
|
Single Life GIB Percentage
|
Joint Life GIB Percentage
|
||
|
Age
|
GIB Percentage
|
Age
|
GIB Percentage
|
|
Under 40
|
2.25%
|
Under 40
|
2.00%
|
|
40 - 54
|
3.00%
|
40 - 54
|
2.50%
|
|
55 - 58
|
3.25%
|
55 - 58
|
2.75%
|
|
59 - 64
|
4.00%
|
59 - 64
|
3.50%
|
|
65 - 69
|
5.00%
|
65 - 69
|
4.50%
|
|
70 - 79
|
5.25%
|
70 - 79
|
4.75%
|
|
80+
|
5.25%
|
80+
|
4.75%
|
In order to receive the rate indicated in this Rate Sheet, your application or rider election form must be signed and dated on and after August 19, 2024. We must receive your application or rider election form in Good Order within 10 days from the date you sign your application or rider election form and the annuity must be funded within 60 calendar days. Good Order means the actual receipt by Lincoln at its Home Office of the requested transaction in writing, or by other means accepted by Lincoln, along with all the information and supporting legal documentation necessary to complete the transaction. Additional paperwork may be required if these conditions are not met and you still wish to purchase the annuity in order to receive the applicable rates in effect at that time.
*Purchasers of Lincoln SmartSecurity® Advantage (regardless of the rider effective date) may use any remaining Guaranteed Amount (if greater than the Account Value) to calculate the initial Guaranteed Income Benefit.
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
Lincoln National Variable Annuity Account E
The American Legacy®
Lincoln National Variable Annuity Account H
American Legacy® II, American Legacy® III Product Suite
American Legacy® Design, American Legacy® Series, American Legacy® Signature
American Legacy® Advisory, American Legacy Shareholder's Advantage®
Supplement dated August 8, 2024 to the prospectus dated May 1, 2024
This supplement to the prospectus for your individual variable annuity contract describes revisions that apply to i4LIFE®Advantage Select Guaranteed Income Benefit riders elected on and after August 19, 2024. All other provisions in your prospectus remain unchanged. The changes discussed in this supplement do not impact existing Contractowners.
OVERVIEW
The i4LIFE®Advantage Select Guaranteed Income Benefit rider will re-open on August 19, 2024 and will be available to new Contractowners at the time the Contract is issued, and to existing Contractowners who transition from a prior Living Benefit Rider. This version of i4LIFE®Advantage Select Guaranteed Income Benefit is different from previous versions of the rider in the following ways:
|
•
|
a higher current annual charge;
|
|
•
|
a change in the Access Period requirements;
|
|
•
|
a lower Guaranteed Income Benefit step-up percentage;
|
|
•
|
a higher AIR for transitions to Select Guaranteed Income Benefit; and
|
|
•
|
higher Select Guaranteed Income Benefit percentages.
|
DESCRIPTION OF CHANGES
The following discussion describes changes that are incorporated into the specified sections of your prospectus.
Fee Tables - Annual Contract Expenses. The following entry is added to the Annual Contract Expenses Table under Optional Benefit Expenses:
|
Single Life
|
Joint Life
|
|
|
i4LIFE® Advantage Select Guaranteed Income Benefit riders elected on
and after August 19, 2024 ……………………………………………………….
|
||
|
Guaranteed Maximum Annual Charge ………………………………………
|
2.75%
|
2.75%
|
* These charges are added to the i4LIFE® Advantage charge to comprise the total charges. The current charge for new elections of this rider is disclosed in a Rate sheet and may increase periodically to the rate listed upon the next automatic step-up of the Guaranteed Income Benefit.
Charges and Other Deductions - Protected Lifetime Income Fee - i4LIFE®Advantage Guaranteed Income Benefit Charge.The current annual charge for new elections of i4LIFE®Advantage Guaranteed Income Benefit are disclosed in a Rate Sheet supplement to the prospectus. See your prospectus for complete details. The following paragraph is added to this section and applies only to riders elected on an after August 19, 2024:
For elections of i4LIFE®Advantage Select Guaranteed Income Benefit on and after August 19, 2024, the Guaranteed Income Benefit annual charge rate may change upon an automatic step-up of the Guaranteed Income Benefit (described later in the Guaranteed Income Benefit Step-ups section of this supplement). At the time of the step-up, the Guaranteed Income Benefit charge rate will increase to the current charge rate in effect at that time, but the charge rate will never exceed the stated guaranteed maximum annual charge rate.
Benefits Available Under the Contract. A new line item for i4LIFE®Advantage Select Guaranteed Income Benefit elections on and after August 19, 2024is added to the Benefits Available Under the Contract - Optional Benefits Available for Election table:
|
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions/ Limitations
|
|
i4LIFE® Advantage Select Guaranteed Income Benefit elections on and after August 19, 2024
|
Provides a minimum payout floor for Regular Income Payments under i4LIFE® Advantage.
|
2.75% Single and Joint Life Options
|
•Investment Requirements apply.
•Withdrawals could significantly reduce or terminate the benefit.
•Restrictions apply to the length of the Access Period.
•Additional Purchase Payments may be limited.
|
Benefits Available Under the Contract - i4LIFE®Advantage. The following discussion outlines changes made to the i4LIFE® Advantage section of your prospectus.
Access Period. The third row of the Access Period table is deleted and replaced with the following two new rows:
|
MINIMUM ACCESS PERIOD
|
MAXIMUM ACCESS PERIOD
|
|
|
Select Guaranteed Income Benefit elections on and after August 19, 2024
|
Longer of 20 years or the difference between your age (nearest birthday) and age 85
|
The length of time between your age and age 115 for nonqualified contracts; age 100 for qualified contracts
|
|
Select Guaranteed Income Benefit elections prior to August 19, 2024; or Guaranteed Income Benefit (Managed Risk)
|
Longer of 20 years or the difference between your age (nearest birthday) and age 90
|
To age 115 for nonqualified contracts; to age 100 for qualified contracts
|
Regular Income Payments during the Access Period. AnAIR rate of 4% will be used to calculate Regular Income Payments under i4LIFE® Advantage under all new elections of Select Guaranteed Income Benefit. The sixth and seventh paragraphs of this section are deleted and restated as follows:
A 3% AIR rate will be used to calculate the Regular Income Payments under:
|
•
|
Elections of Guaranteed Income Benefit (Managed Risk) made on and after May 18, 2020; and
|
|
•
|
Select Guaranteed Income Benefit elections prior to February 19, 2019.
|
A 4% AIR rate will be used to calculate the Regular Income Payments under:
|
•
|
Select Guaranteed Income Benefit elections made between February 19, 2019 and May 17, 2020; and
|
|
•
|
Elections of all other versions of Guaranteed Income Benefit made prior to May 18, 2020; and
|
|
•
|
Select Guaranteed Income Benefit elections on and after August 19, 2024.
|
Guaranteed Income Benefit - Guaranteed Income Benefit Percentages and Age-Bands. The initial percentages applicable to riders elected on and after August 19, 2024, including transitions from another rider, are set forth in a Rate Sheet prospectus supplement. The Rate Sheet indicates the Guaranteed Income Benefit percentage and the date by which your application or rider election form must be signed and dated for a Contract to be issued with that percentage. Your Rate Sheet is available in conjunction with this prospectus supplement.
Guaranteed Income Benefit Step-ups - The step-up percentage will change from 75% to 65% for new elections of Select Guaranteed Income Benefit. The first paragraph of this section is deleted and restated as follows:
Select Guaranteed Income Benefit and Guaranteed Income Benefit (Managed Risk). For elections of Select Guaranteed income Benefit on and after August 19, 2024, the Guaranteed Income Benefit will automatically step up every year to 65% of the current Regular Income Payment, if that result is greater than the immediately prior Guaranteed Income Benefit. For prior elections of Select Guaranteed income Benefit, and for Guaranteed Income Benefit (Managed Risk), the Guaranteed Income Benefit will automatically step up every year to 75% of the current Regular Income Payment, if that result is greater than the immediately prior Guaranteed Income Benefit. For nonqualified contracts, the step-up will occur annually on the first Valuation Date on or after each Periodic Income Commencement Date anniversary starting on the first Periodic Income commencement Date anniversary. For qualified contracts, the step-up will occur annually on the first Valuation Date of the first periodic Income payment of each calendar year.
i4LIFE®AdvantageGuaranteed Income Benefit Transitions. Contractowners who elect certain Living Benefit riders will be able to transition to the current version of i4LIFE®Advantage Select Guaranteed Income Benefit at a later date. The following Transitions chart in your prospectus is deleted and replaced with the following chart:
|
IF YOUR PRIOR RIDER IS ….
|
YOU WILL TRANSITION TO ….
|
|
Lincoln ProtectedPay Select Core®,
and
4LATER® Select Advantage riders elected on and after August 19, 2024
|
Select Guaranteed Income Benefit (available on and after August 19, 2024)
|
|
Lincoln ProtectedPay Select Core®,
Lincoln Market Select® Advantage, and
4LATER® Select Advantage riders elected prior to August 19, 2024
|
Select Guaranteed Income Benefit (available prior to August 19, 2024)
|
|
Lincoln ProtectedPay Secure Core®
Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk)
|
Guaranteed Income Benefit (Managed Risk)
|
The second row of the Minimum Access Period table is deleted and replaced with the following two new rows:
|
MINIMUM ACCESS PERIOD
|
MAXIMUM ACCESS PERIOD
|
|
|
Purchasers of:
•Lincoln ProtectedPay Select Core® elections on and after August 19, 2024
•4LATER® Select Advantage on and after August 19, 2024
|
Longer of 20 years or the difference between your age (nearest birthday) and age 85
|
The length of time between your age and age 115 for nonqualified contracts; age 100 for qualified contracts
|
|
Purchasers of:
•Lincoln ProtectedPay Select Core® elections prior to August 19, 2024
•Lincoln ProtectedPay Secure Core®
•Lincoln Lifetime IncomeSMAdvantage 2.0 (Managed Risk) on or after May 18, 2020
•Lincoln Market Select®Advantage
•4LATER® Select Advantage prior to August 19, 2024
|
Longer of 20 years or the difference between your age (nearest birthday) and age 90
|
N/A
|
The following sentence is added to the paragraph immediately following the Minimum Access Period table: AnAIR rate of 4% will be used to calculate Regular Income Payments for all transitions to i4LIFE® Advantage under all new elections of Select Guaranteed Income Benefit beginning August 19, 2024.
Appendix B - Investment Requirements. The following section outlines the Investment Requirements that apply to elections of i4LIFE®Advantage Select Guaranteed Income Benefit on and after August 19, 2024, including transitions to i4LIFE®AdvantageSelect Guaranteed Income Benefit from another Living Benefit Rider that was elected on and after August 19, 2024. See i4LIFE® Advantage Guaranteed Income Benefit Transitions and Appendix B in your prospectus for complete details.
Under the current Investment Requirements, you must allocate your Contract Value as follows:
|
Group 1
Investments must be at least 20% of Contract Value or Account Value |
Group 2
Investments cannot exceed 80% of Contract Value or Account Value |
|
American Funds Mortgage Fund
American Funds The Bond Fund of America American Funds U.S. Government Securities Fund LVIP American Preservation Fund |
American Funds Asset Allocation Fund
American Funds Capital Income Builder® American Funds Capital World Growth and Income Fund American Funds Global Balanced Fund American Funds Global Growth Fund American Funds Global Growth PortfolioSM American Funds Growth and Income PortfolioSM American Funds Growth Fund American Funds Growth-Income Fund American Funds High-Income Trust American Funds International Fund American Funds International Growth and Income Fund American Funds Managed Risk Asset Allocation Fund American Funds Managed Risk Global Allocation PortfolioSM American Funds Managed Risk Growth and Income PortfolioSM American Funds Managed Risk Growth PortfolioSM American Funds Ultra-Short Bond Fund American Funds Washington Mutual Investors Fund LVIP American Balanced Allocation Fund LVIP American Global Balanced Allocation Managed Risk Fund LVIP American Global Growth Allocation Managed Risk Fund LVIP American Growth Allocation Fund LVIP American Income Allocation Fund |
As an alternative, to satisfy these Investment Requirements, you may allocate 100% of your Contract Value among the Subaccounts listed below. If you allocate less than 100% of Contract Value among these Subaccounts, then the Subaccounts listed below that are also listed in Group 1 will be subject to Group 1 restrictions. Any remaining Subaccounts listed below that are not listed in Group 1 will fall into Group 2 and will be subject to Group 2 restrictions.
|
American Funds Global Balanced Fund
American Funds Growth and Income PortfolioSM
American Funds Managed Risk Asset Allocation Fund
American Funds Managed Risk Global Allocation PortfolioSM
American Funds Managed Risk Growth and Income PortfolioSM
American Funds Managed Risk Growth PortfolioSM
American Funds Mortgage Fund
American Funds The Bond Fund of America
|
American Funds U.S. Government Securities Fund
LVIP American Balanced Allocation Fund
LVIP American Global Balanced Allocation Managed Risk Fund
LVIP American Global Growth Allocation Managed Risk Fund
LVIP American Growth Allocation Fund
LVIP American Income Allocation Fund
LVIP American Preservation Fund
|
The fixed account is not available.
As an alternative, to satisfy these Investment Requirements, Contract Value or Account Value may be allocated in accordance with the American Funds Asset Allocation Fund & American Funds U.S. Government/AAA-Rated Securities Fund Model, made available to you by your financial professional. You may reallocate Contract Value or Account Value at any time, according to the Investment Requirements listed above. If you terminate an asset allocation model, you must follow the Investment Requirements applicable to your rider. We may exclude an asset allocation model from being available for investment at any time, in our sole discretion. You will be notified prior to the date of such a change.
Please keep this supplement for future reference.
Part A
The Prospectus for the American Legacy III® and American Legacy III® B-Class variable annuity contract, as supplemented, is incorporated herein by reference to Post-Effective Amendment No. 80 (File No. 333-18419) filed on April 23, 2024.
Part B
The Statement of Additional Information for the American Legacy III® and American Legacy III® B-Class variable annuity contract, including the consolidated financial statements of Lincoln Life and the financial statement of Lincoln National Variable Annuity Account H, is incorporated herein by reference to Post-Effective Amendment No. 80 (File No. 333-18419) filed on April 23, 2024.
Lincoln National Variable Annuity Account H
PART C - OTHER INFORMATION
Item 27. Exhibits
(a) Resolution of the Board of Directors of The Lincoln National Life Insurance Company establishing Separate Account H incorporated herein by reference to Post-Effective Amendment No. 9 (File No. 033-27783) filed on December 5, 1996.
(b) None
(c)(1) Selling Group Agreement - American Legacy Suite of Products incorporated herein by reference to Post-Effective Amendment No. 14 (File No. 333-18419) filed on April 8, 2004.
(2) 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 24 (File No. 333-61554) filed on December 18, 2007.
(d)(1) Variable Annuity Contract incorporated herein by reference to Pre-Effective Amendment No. 1 (File No. 333-18419) filed on April 1, 1997.
(2) Amendment No. 1 effective July 1, 1997 to Variable Annuity Contract incorporated herein by reference to Post-Effective Amendment No. 4 (File No. 333-18419) filed on March 28, 2000.
(3) Amendment No. 2 to Variable Annuity Contract incorporated herein by reference to Post-Effective Amendment No. 4 (File No. 333-18419) filed on March 28, 2000.
(4) Variable Annuity Contract - version A incorporated herein by reference to Post-Effective Amendment No. 4 (File No. 333-18419) filed on March 28, 2000.
(5) Amendment No. 1 to Variable Annuity Contract - version A incorporated herein by reference to Post-Effective Amendment No. 4 (File No. 333-18419) filed on March 28, 2000.
(6) Amendment No. 2 to Variable Annuity Contract and Variable Annuity Contract - version A incorporated herein by reference to Post-Effective Amendment No. 4 (File No. 333-18419) filed on March 28, 2000.
(7) Amendment No. 3 to Variable Annuity Contract - version A incorporated herein by reference to Post-Effective Amendment No. 4 (File No. 333-18419) filed on March 28, 2000.
(8) Variable Annuity Amendment incorporated herein by reference to Post-Effective Amendment No. 5 (File No. 333-18419) filed on April 13, 2001.
(9) Estate Enhancement Benefit Rider incorporated herein by reference to Post-Effective Amendment No. 5 (File No. 333-18419) filed on April 13, 2001.
(10) Estate Enhancement Benefit Rider for version A incorporated herein by reference to Post-Effective Amendment No. 5 (File No. 333-18419) filed on April 13, 2001.
(11) Income4Life Solution Annuity Income Rider (I4L-Q) incorporated herein by reference to Post-Effective Amendment No. 6 (File No. 333-18419) filed on April 9, 2002.
(12) Income4Life Solution Annuity Income Rider (I4L-NQ) incorporated herein by reference to Post-Effective Amendment No. 6 (File No. 333-18419) filed on April 9, 2002.
(13) I4LA-NQ Rider incorporated herein by reference to Post-Effective Amendment No. 7(File No. 333-18419) filed on October 11, 2002.
(14) I4LA-Q Rider incorporated herein by reference to Post-Effective Amendment No. 7 (File No. 333-18419) filed on October 11, 2002.
(15) 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.
(16) 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.
(19) i4LA-NQ Rider incorporated herein by reference to Post-Effective Amendment No. 9 (File No. 333-18419) filed on April 22, 2003.
(20) i4LA-Q-PR Rider incorporated herein by reference to Post-Effective Amendment No. 9 (File No. 333-18419) filed on April 22, 2003.
(21) i4LA-NQ-PR Rider incorporated herein by reference to Post-Effective Amendment No. 9 (File No. 333-18419) filed on April 22, 2003.
(22) Variable Annuity Rider (32793) incorporated herein by reference to Post-Effective Amendment No. 9 (File No. 333-18419) filed on April 22, 2003.
(23) Section 403(b) Annuity Endorsement (32481-I) incorporated herein by reference to Post-Effective Amendment No. 9 (File No. 333-18419) filed on April 22, 2003.
(24) Accumulated Benefit Enhancement Rider (32414) incorporated herein by reference to Post-Effective Amendment No. 9 (File No. 333-18419) filed on April 22, 2003.
(25) Estate Enhancement Death Benefit (EEB) Rider (32151-A) incorporated herein by reference to Post-Effective Amendment No. 9 (File No. 333-18419) filed on April 22, 2003.
(26) Enhanced Guaranteed Minimum Death Benefit (EGMDB) Rider (32149) incorporated herein by reference to Post-Effective Amendment No. 9 (File No. 333-18419) filed on April 22, 2003.
(27) Guarantee of Principal Death Benefit Rider (32148) incorporated herein by reference to Post-Effective Amendment No. 9 (File No. 333-18419) filed on April 22, 2003.
(28) i4L Q PR 8/03 Rider incorporated herein by reference to Post-Effective Amendment No. 14 (File No. 333-18419) filed on April 8, 2004.
(29) i4L NQ PR 8/03 Rider incorporated herein by reference to Post-Effective Amendment No. 14 (File No. 333-18419) filed on April 8, 2004.
(30) Variable Annuity Rider (32793HWM 4/04) incorporated herein by reference to Post-Effective Amendment No. 15 (File No. 333-18419) filed on May 28, 2004.
(31) Variable Annuity Income Rider (i4LA-NQ 9/05) incorporated herein by reference to Post-Effective Amendment No. 12 (File No. 333-35784) filed on June 20, 2005.
(32) Variable Annuity Income Rider (i4LA-Q 9/05) incorporated herein by reference to Post-Effective Amendment No. 12 (File No. 333-35784) filed on June 20, 2005.
(33) Variable Annuity Income Rider (i4LA-NQ-PR 9/05) incorporated herein by reference to Post-Effective Amendment No. 12 (File No. 333-35784) filed on June 20, 2005.
(34) Variable Annuity Income Rider (i4LA-Q-PR 9/05) incorporated herein by reference to Post-Effective Amendment No.12 (File No. 333-35784) filed on June 20, 2005.
(35) Guaranteed Income Later Rider (4LATER 2/06) incorporated herein by reference to Post-Effective Amendment No. 23 (File No. 333-36316) filed on April 4, 2006.
(36) Guaranteed Income Benefit Rider (GIB 1/06) incorporated herein by reference to Post-Effective Amendment No. 22 (File No. 333-40937) filed on April 18, 2006.
(37) Guaranteed Income Benefit Rider (IGIB 1/06) incorporated herein by reference to Post-Effective Amendment No. 22 (File No. 333-40937) filed on April 18, 2006.
(38) Contract Benefit Data (CBD 1/06) incorporated herein by reference to Post-Effective Amendment No. 22 (File No. 333-40937) filed on April 18, 2006.
(39) Allocation Amendment (AR503 1/06) incorporated herein by reference to Post-Effective Amendment No. 22 (File No. 333-40937) filed on April 18, 2006.
(40) Variable Annuity Payment Option Rider (I4LA-Q 1/06) incorporated herein by reference to Post-Effective Amendment No. 22 (File No. 333-40937) filed on April 18, 2006.
B-2
(43) Variable Annuity Payment Option Rider (I4LA-Q 1/07) incorporated herein by reference to Post-Effective Amendment No. 26 (File No. 333-18419) filed on April 10, 2007.
(44) Variable Annuity Death Benefit Rider (DB-3 1/06) incorporated herein by reference to Post-Effective Amendment No. 26 (File No. 333-18419) filed on April 10, 2007.
(45) Variable Annuity Living Benefits Rider (AR-512 2/08) incorporated herein by reference to Post-Effective Amendment No. 24 (File No. 333-61554) filed on December 18, 2007.
(46) Variable Annuity Living Benefits Rider (AR-512 1/09) incorporated herein by reference to Post-Effective Amendment No. 26 (File No. 333-63505) filed on April 3, 2009.
(47) Variable Annuity Living Benefits Rider (AR-512P 1/09) incorporated herein by reference to Post-Effective Amendment No. 26 (File No. 333-63505) filed on April 3, 2009.
(48) Guaranteed Income Benefit Rider (AGIB 6/08) incorporated herein by reference to Post-Effective Amendment No. 26 (File No. 333-63505) filed on April 3, 2009.
(49) Section 403(b) Annuity Endorsement (32581-I-12/08) incorporated herein by reference to Post-Effective Amendment No. 26 (File No. 333-63505) filed on April 3, 2009.
(50) Variable Annuity Living Benefits Rider (LINC 2.0) (AR-529 8/10) incorporated herein by reference to Post-Effective Amendment No. 44 (File No. 333-40937) filed on October 28, 2010.
(51) Guaranteed Income Benefit Rider (GIB v4) (AR-528 8/10) incorporated herein by reference to Post-Effective Amendment No. 44 (File No. 333-40937) filed on October 28, 2010.
(52) Contract Benefit Data (CBD 8/10) incorporated herein by reference to Post-Effective Amendment No. 44 (File No. 333-40937) filed on October 28, 2010.
(53) Variable Annuity Payment Option Rider (I4LA-NQ 8/10) incorporated herein by reference to Post-Effective Amendment No. 44 (File No. 333-40937) filed on October 28, 2010.
(54) Variable Annuity Payment Option Rider (I4LA-Q 8/10) incorporated herein by reference to Post-Effective Amendment No. 44 (File No. 333-40937) filed on October 28, 2010.
(55) Long-Term Care Benefits Rider (AR 518 3/10 Level) incorporated herein by reference to Post-Effective Amendment No. 19 (File No. 333-138190) filed on December 29, 2010.
(56) Long-Term Care Benefits Rider (AR 519 3/10 Growth) incorporated herein by reference to Post-Effective Amendment No. 19 (File No. 333-138190) filed on December 29, 2010.
(57) Contract Amendment for LTC Benefits (AA 531 3/10) incorporated herein by reference to Post-Effective Amendment No. 19 (File No. 333-138190) filed on December 29, 2010.
(58) LTC Fixed Account Rider (AR 532) incorporated herein by reference to Post-Effective Amendment No. 19 (File No. 333-138190) filed on December 29, 2010.
(59) LTC Benefit Specifications (AS 533) incorporated herein by reference to Post-Effective Amendment No. 19 (File No. 333-138190) filed on December 29, 2010.
(60) Long-Term Care Coverage Endorsement (AE 517) incorporated herein by reference to Post-Effective Amendment No. 19 (File No. 333-138190) filed on December 29, 2010.
(61) Variable Annuity Living Benefit Rider (LINC 2 + Protected Funds) (AR-529 8/10) incorporated herein by reference to Post-Effective Amendment No. 2 (File No. 333-170695) filed January 30, 2012.
(62) Guaranteed Income Later Rider (4LATER Advantage Protected Funds) (AR-547 3-12) incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-181612) filed on May 23, 2012.
(63) Contract Amendment - Maturity Date (AR-554 10/14) incorporated herein by reference to Post-Effective Amendment No. 7 (File No. 333-181616) filed on April 8, 2015.
(64) Variable Annuity Living Benefit Rider (Market Select Advantage) (AR-591) incorporated herein by reference to Post-Effective Amendment No. 63 (File No. 333-40937) filed on April 12, 2016.
B-3
(67) Variable Annuity Living Benefits Rider (AR-600) (Lincoln Max 6 Select Advantage) incorporated herein by reference to Post-Effective Amendment No. 36 (File No. 333-135039) filed on April 7, 2017.
(68) Variable Annuity Living Benefits Rider (IRA Income Plus - AR-600) incorporated herein by reference to Post-Effective Amendment No. 71 (File No. 333-40937) filed on February 7, 2019.
(69) Variable Annuity Living Benefit Rider (Wealth Pass - AR-623) incorporated herein by reference to Post-Effective Amendment No. 7 (File No. 333-212681) filed on June 25, 2019.
(70) Variable Annuity Living Benefits Rider (22AR-700) (ProtectedPay Core) incorporated herein by reference to Post-Effective Amendment No. 36 (File No. 333-170897) filed on August 8, 2022.
(71) Variable Annuity Living Benefits Rider (22AR-701) (ProtectedPay Select, Secure) incorporated herein by reference to Post-Effective Amendment No. 36 (File No. 333-170897) filed on August 8, 2022.
(72) Guaranteed Income Later Rider (22AR-707) (4LATER Select Advantage) incorporated herein by reference to Post-Effective Amendment No. 36 (File No. 333-170897) filed on August 8, 2022.
(73) Variable Annuity Payout Rider Credit Endorsement (23AE-730) incorporated herein by reference to Post-Effective Amendment No. 41 (File No. 333-181615) filed on November 15, 2023.
(e) Application (AL3B 1/08) incorporated herein by reference to Post-Effective Amendment No. 29 (File No. 333-18419) filed on April 10, 2008.
(f)(1) Articles of Incorporation of The Lincoln National Life Insurance Company are incorporated herein by reference to Pre-Effective Amendment No. 1 (File No. 333-04999) filed on September 25, 1996.
(2) By-laws of The Lincoln National Life Insurance Company are incorporated herein by reference to Post-Effective Amendment No. 3 on Form N-6 (File No. 333-118478) filed on April 5, 2007.
(g)(1) Automatic Reinsurance Agreement dated July 1, 2007 between The Lincoln National Life Insurance Company and Swiss Re Life & Health America Inc. incorporated herein by reference to Post-Effective Amendment No. 5 (File No. 333-138190) filed on April 8, 2008.
(i) Amendments to Automatic Reinsurance Agreement dated July 1, 2007 between The Lincoln National Life Insurance Company and Swiss Re Life & Health America Inc. incorporated herein by reference to Post-Effective Amendment No. 40 (File No. 333-40937) filed on April 7, 2010.
(ii) Amendment No. 3 to Automatic Reinsurance Agreement dated July 1, 2007 between The Lincoln National Life Insurance Company and Swiss Re Life & Health America Inc. incorporated herein by reference to Post-Effective Amendment No. 69 (File No. 333-40937) filed on April 11, 2018.
(iii) Amendment No. 4 to Automatic Reinsurance Agreement dated July 1, 2007 between The Lincoln National Life Insurance Company and Swiss Re Life & Health America Inc. incorporated herein by reference to Post-Effective Amendment No. 48 (File No. 333-138190) filed on April 18, 2019.
(iv) Amendment No. 5 to Automatic Reinsurance Agreement dated July 1, 2007 between The Lincoln National Life Insurance Company and Swiss Re Life & Health America Inc. incorporated herein by reference to Post-Effective Amendment No. 50 (File No. 333-138190) filed on August 22, 2019.
(v) Amendment No. 6 to Automatic Reinsurance Agreement dated July 1, 2007 between The Lincoln National Life Insurance Company and Swiss Re Life & Health America Inc. incorporated herein by reference to Post-Effective Amendment No. 56 (File No. 333-138190) filed on August 14, 2020.
(2) Fourth Amended and Restated Reinsurance Agreement between The Lincoln National Life Insurance Company and Union Hamilton Reinsurance, LTD incorporated herein by reference to Post-Effective Amendment No. 72 (File No. 333-40937) filed on April 16, 2019.
(i) Amendment No. 1 to the Fourth Amended and Restated Reinsurance Agreement between The Lincoln National Life Insurance Company and Union Hamilton Reinsurance, LTD incorporated herein by reference to Post-Effective Amendment No. 74 (File No. 333-40937) filed on August 22, 2019.
B-4
(3) Reinsurance Agreement between The Lincoln National Life Insurance Company and Talcott Resolution Life Insurance Company incorporated herein by reference to Post-Effective Amendment No. 34 (File No. 333-186894) filed on February 7, 2022.
(i) Amendment No. 1 to the Reinsurance Agreement between The Lincoln National Life Insurance Company and Talcott Resolution Life Insurance Company incorporated herein by reference to Post-Effective Amendment No. 20 (File No. 333-212680) filed on April 14, 2023.
(ii) Amendment No. 2 to the Reinsurance Agreement between The Lincoln National Life Insurance Company and Talcott Resolution Life Insurance Company incorporated herein by reference to Post-Effective Amendment No. 20 (File No. 333-212680) filed on April 14, 2023.
(4) Third Amended and Restated Automatic Indemnity Reinsurance Agreement dated January 1, 2023, between The Lincoln National Life Insurance Company and Lincoln National Reinsurance Company (Barbados) Limited incorporated herein by reference to Post-Effective Amendment No. 20 (File No. 333-212680) filed on April 14, 2023.
(i) Amendment No. 1 to the Third Amended and Restated Automatic Indemnity Reinsurance Agreement dated January 1, 2023, between The Lincoln National Life Insurance Company and Lincoln National Reinsurance Company (Barbados) Limited incorporated herein by reference to Post-Effective Amendment No. 16 (File No. 333-212682) filed on February 2, 2024.
(h) Fund Participation Agreements among The Lincoln National Life Insurance Company and:
(1) American Funds Insurance Series incorporated herein by reference to Post-Effective Amendment No. 26 on Form N-6 (File No. 333-146507) filed on April 3, 2017;
(1-a) amendment no. 15 incorporated herein by reference to Post-Effective Amendment No. 27 on Form N-4 (File No. 333-181615) filed on April 3, 2020.
(2) Lincoln Variable Insurance Products Trust incorporated herein by reference to Post-Effective Amendment No. 24 on Form N-6 (File No. 333-146507) filed on April 1, 2016.
(i) 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.
(j) Rule 22c-2 Agreement between The Lincoln National Life Insurance Company and:
(1) American Funds Insurance Series incorporated herein by reference to Post-Effective Amendment No. 30 (File No. 333-36304) filed on May 29, 2008.
(2) Lincoln Variable Insurance Products Trust incorporated herein by reference to Post-Effective Amendment No. 30 (File No. 333-36304) filed on May 29, 2008.
(k) Opinion and Consent of Jeremy Sachs, Senior Counsel, The Lincoln National Life Insurance Company as to legality of securities being issued incorporated herein by reference to Pre-Effective Amendment No. 1 (File No. 333-18419) filed on April 1, 1997.
(l)(1) Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm filed herein.
(2) Power of Attorney - Principal Officers and Directors of The Lincoln National Life Insurance Company filed herein.
(m) Not applicable
(n) Not applicable
(o) Not applicable
(p) Lincoln National Corporation Organizational Chart incorporated herein by reference to Post-Effective Amendment No. 24 on Form N-4 (File No. 333-212681) filed on May 31, 2024.
Item 28. Directors and Officers of the Depositor
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 H as well as the contracts. The list also shows The Lincoln National Life Insurance Company's executive officers.
B-5
|
Name
|
Positions and Offices with Depositor
|
|
Craig T. Beazer*
|
Executive Vice President, General Counsel and Director
|
|
Jayson R. Bronchetti*
|
Executive Vice President, Chief Investment Officer and Director
|
|
Adam M. Cohen*
|
Senior Vice President, Chief Accounting Officer and Treasurer
|
|
Ellen G. Cooper*
|
President and Director
|
|
Stephen B. Harris*
|
Senior Vice President and Chief Ethics and Compliance Officer
|
|
Christopher M. Neczypor*
|
Executive Vice President, Chief Financial Officer and Director
|
|
Nancy A. Smith*
|
Senior Vice President and Secretary
|
|
Joseph D. Spada**
|
Vice President and Chief Compliance Officer for Separate Accounts
|
|
Eric B. Wilmer***
|
Assistant Vice President and Director
|
*Principal business address is 150 N. Radnor-Chester Road, Radnor, PA 19087
**Principal business address is 350 Church Street, Hartford, CT 06103
***Principal business address is 1301 South Harrison Street, Fort Wayne, IN 46802
Item 29. Persons Controlled by or Under Common Control with the Depositor or Registrant
See Exhibit (p) above: Lincoln National Corporation Organization Chart
Item 30. Indemnification
a) Brief description of indemnification provisions.
In general, Article VII of the By-Laws of The Lincoln National Life Insurance Company (Lincoln Life or 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.
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.
Please refer to Article VII of the By-Laws of Lincoln Life (Exhibit no. f(b) hereto) for the full text of the indemnification provisions. Indemnification is permitted by, and is subject to the requirements of, Indiana law.
b) Undertaking pursuant to Rule 484 of Regulation C under the Securities Act of 1933:
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 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.
Item 31. Principal Underwriter
(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
B-6
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.
(b) Officers and Directors of Lincoln Financial Distributors, Inc.:
|
Name
|
Positions and Offices with Underwriter
|
|
Adam M. Cohen*
|
Senior Vice President and Treasurer
|
|
Jason M. Gibson**
|
Vice President and Chief Compliance Officer
|
|
Claire H. Hanna*
|
Secretary
|
|
John C. Kennedy*
|
President, Chief Executive Officer and Director
|
|
Jared M. Nepa*
|
Senior Vice President and Director
|
|
Thomas P. O'Neill*
|
Senior Vice President, Chief Operating Officer and Head of Financial
Institutions Group
|
|
Timothy J. Seifert Sr*
|
Senior Vice President and Director
|
*Principal business address is 150 N. Radnor-Chester Road, Radnor, PA 19087
**Principal business address is 1301 South Harrison Street, Fort Wayne, IN 46802
(c) N/A
Item 32. Location of Accounts and Records
This information is provided in the Registrant's most recent report on Form N-CEN.
Item 33. Management Services
Not Applicable.
Item 34. Fee Representation
Lincoln Life represents that the fees and charges deducted under the contracts, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Lincoln Life.
B-7
SIGNATURES
|
(a)
|
As required by the Securities Act of 1933 and the Investment Company Act of 1940, 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 2nd day of August, 2024 at 8:07 am.
|
Lincoln National Variable Annuity Account E
Lincoln National Variable Annuity Account H
Lincoln Life Variable Annuity Account N
(Registrants)
By:/s/ Delson R. Campbell
Delson R. Campbell
Vice President, The Lincoln National Life Insurance Company
Signed on its behalf, in the City of Hartford, and the State of Connecticut on this 1st day of August, 2024 at 10:50 am.
The Lincoln National Life Insurance Company
(Depositor)
By:/s/ Emily S. Li
Emily S. Li
(Signature-Officer of Depositor)
Assistant Vice President, The Lincoln National Life Insurance Company
Lincoln National Variable Annuity Account E (File No. 811-04882; CIK: 0000804223)
033-26032 (Amendment No. 79)
Lincoln National Variable Annuity Account H (File No. 811-05721; CIK: 0000847552)
|
033-27783 (Amendment No. 78)
|
333-61592 (Amendment No. 78)
|
333-170695 (Amendment No. 54)
|
|
333-18419 (Amendment No. 81)
|
333-63505 (Amendment No. 87)
|
333-181615 (Amendment No. 44)
|
|
333-35780 (Amendment No. 61)
|
333-135219 (Amendment No. 60)
|
333-212681 (Amendment No. 26)
|
|
333-35784 (Amendment No. 76)
|
Lincoln Life Variable Annuity Account N (File No. 811-08517; CIK: 0001048606)
|
333-36316 (Amendment No. 99)
|
333-149434 (Amendment No. 43)
|
333-193274 (Amendment No. 21)
|
|
333-36304 (Amendment No. 87)
|
333-170529 (Amendment No. 45)
|
333-212680 (Amendment No. 27)
|
|
333-40937 (Amendment No. 93)
|
333-170897 (Amendment No. 49)
|
333-214143 (Amendment No. 29)
|
|
333-61554 (Amendment No. 93)
|
333-172328 (Amendment No. 48)
|
333-214144 (Amendment No. 18)
|
|
333-135039 (Amendment No. 60)
|
333-174367 (Amendment No. 36)
|
333-236907 (Amendment No. 13)
|
|
333-138190 (Amendment No. 71)
|
333-181612 (Amendment No. 42)
|
|
(b)
|
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 August 2, 2024 at 8:07 am.
|
|
Signature
|
Title
|
|
*/s/ Ellen G. Cooper
Ellen G. Cooper
|
President and Director
(Principal Executive Officer)
|
|
*/s/ Christopher M. Neczypor
Christopher M. Neczypor
|
Executive Vice President, Chief Financial Officer, and Director
|
|
*/s/ Craig T. Beazer
Craig T. Beazer
|
Executive Vice President and Director
|
|
*/s/ Jayson R. Bronchetti
Jayson R. Bronchetti
|
Executive Vice President, Chief Investment Officer, and Director
|
|
*/s/ Adam M. Cohen
Adam M. Cohen
|
Senior Vice President and Chief Accounting Officer (Principal Accounting Officer)
|
|
*/s/ Eric B. Wilmer
Eric B. Wilmer
|
Assistant Vice President and Director
|
|
* By/s/ Delson R. Campbell, Pursuant to a Power of Attorney
Delson R. Campbell
|