# EDGAR Filing Document

**Accession Number:** 0001048606
**File Stem:** 0001104659-26-051187
**Filing Date:** 2026-4
**Character Count:** 31745
**Document Hash:** 1a6d2a5562285ebbab13f71a81fc82fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-051187.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001104659-26-051187

**CONFORMED SUBMISSION TYPE**: 497VPU

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**EFFECTIVENESS DATE**: 20260429

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINCOLN LIFE VARIABLE ANNUITY ACCOUNT N
- **CENTRAL INDEX KEY:** 0001048606

**ORGANIZATION NAME:**
- **EIN:** 350472300
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497VPU
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-222786
- **FILM NUMBER:** 26912110

**BUSINESS ADDRESS:**
- **STREET 1:** 1300 S CLINTON ST
- **STREET 2:** PO BOX 1110
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46801
- **BUSINESS PHONE:** 2604552000

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 1110
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46801

## Series and Classes Contracts Data

### LINCOLN LIFE VARIABLE ANNUITY ACCOUNT N (Series ID: S000002797)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000199853 | Lincoln Level Advantage Advisory Indexed Variable Annuity |  |

***Lincoln Level Advantage***<sup>®</sup> **Advisory Individual Variable and Index-Linked Annuity Contracts** 

**Updating Summary Prospectus for Current Contractowners** <br>**May 1, 2026**

This updating summary prospectus summarizes certain changes to key features of the *Lincoln Level Advantage*<sup>®</sup> Advisory variable and Index-Linked Annuity contract issued by The Lincoln National Life Insurance Company (Lincoln Life or Company).

You should read this updating summary prospectus carefully, particularly the section titled Important Information You Should Consider about the *Lincoln Level Advantage*<sup>®</sup> Advisory contract.

The prospectus for the *Lincoln Level Advantage*<sup>®</sup> Advisory variable and Index-Linked Annuity contract contains more information about the Contract's features, benefits, and risks. You can find the prospectus and other information about the Contract online at www.lfg.com/VAprospectus. You can also obtain this information at no cost by calling 1-877-737-6872 or by sending an email request to CustServSupportTeam@lfg.com.

**The Securities and Exchange Commission has not approved or disapproved the Contract or determined if this Summary Prospectus is accurate or complete. Any representation to the contrary is a criminal offense.**

Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.

All prospectuses and other shareholder reports will be made available on www.lfg.com/VAprospectus.

------

**Updated Information About Your Contract**

The information in this Updating Summary Prospectus is a summary of certain contract features that have changed since the Updating Summary Prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your Contract, and not all changes may be applicable to you.

**Summary of Contract Changes:** 

**Purchase Payments.** You must obtain our approval for a Purchase Payment totaling $1 million or more. This amount takes into consideration the total Purchase Payments for all existing *Lincoln Level Advantage*<sup>®</sup>, *Lincoln Level Advantage 2*<sup>®</sup> and *Lincoln Level Advantage 2 Income*<sup>SM</sup> contracts for the same Contractowner, joint owner, and/or Annuitant. At the Company's discretion, this amount may consider total Purchase Payments for all annuity contracts issued by the Company (or its affiliates) for the same Contractowner, joint owner, and/or Annuitant.

**Summary of Investment Option Changes:**

The following is a summary of changes to the list of Investment Options available under the Contract. Additional information is available in Appendix A – Investment Options Available Under The Contract.

**Fund Name Changes:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Former Fund Name** | **New Fund Name** |
| LVIP SSGA International Index Fund | LVIP State Street International Index Fund |
| LVIP SSGA S&P 500 Index Fund | LVIP State Street S&P 500 Index Fund |
| LVIP SSGA Small-Cap Index Fund | LVIP State Street Small-Cap Index Fund |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**Important Information You Should Consider About the *Lincoln Level Advantage***<sup>®</sup> **Advisory Variable and Index-linked Annuity Contract** 

**FEES, EXPENSES AND ADJUSTMENTS** **Location in** **Prospectus** 

<sup>1</sup>As a percentage of average Contract Value. These fees are not applied againstContract Value invested in the Indexed Accounts. 

<sup>2</sup>As a percentage of fund net assets, before expense reimbursements or fee waiver arrangements. 

------

**FEES, EXPENSES AND ADJUSTMENTS** **Location in** **Prospectus** 

<sup>3</sup>As a percentage of average Account Value in the Subaccounts and the Indexed Accounts. 

**Lowest and Highest Annual Cost Table.**Because your Contract is customizable, thechoices you make affect how much you will pay. To help you understand the cost ofowning your Contract, the following table shows the lowest and highest cost you couldpay*each year*, based on current charges. This estimate assumes that you do not takewithdrawals from the Contract,**which could add negative Contract Adjustments that** **substantially increase costs**. 

**RISKS** **Location in** **Prospectus** 

------

**RISKS** **Location in** **Prospectus** 

------

**RISKS** **Location in** **Prospectus** 

------

**RESTRICTIONS** **Location in** **Prospectus** 

------

**RESTRICTIONS** **Location in** **Prospectus** 

**TAXES** **Location in** **Prospectus** 

**CONFLICTS OF INTEREST** **Location in** **Prospectus** 

------

**Appendix A — Investment Options Available Under The Contract**

**Variable Options**

The following is a list of funds currently available under the Contract. More information about the funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at www.lfg.com/VAprospectus. You can also request this information and current fund performance at no cost by calling 1-877-737-6872 or by sending an email request to CustServSupportTeam@lfg.com. Current performance of the Subaccounts can be found at www.lfg.com/VAprospectus.

The current expenses and performance information below reflects fees and expenses of the Fund, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each fund's past performance is not necessarily an indication of future performance.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> **Adviser/Sub-adviser**<sup>1</sup> <br>| **Current**<br> **Expenses**<br>| **Average Annual Total**<br> **Returns (as of 12/31/2025)** | **Average Annual Total**<br> **Returns (as of 12/31/2025)** | **Average Annual Total**<br> **Returns (as of 12/31/2025)** |
|  |  |  | **1 year** | **5 year** | **10 year** |
| &nbsp;&nbsp; High total return (including income and <br> capital gains) consistent with preservation <br> of capital over the long term.<br>| American Funds<sup>®</sup> IS Asset Allocation Fund <br> - Class 4 <br> *advised by Capital Research and* <br> *Management Company* <br>| &nbsp;&nbsp; 0.79% | &nbsp;&nbsp; 15.59% | &nbsp;&nbsp; 8.70% | &nbsp;&nbsp; 9.50% |
| Growth of capital. | American Funds<sup>®</sup> IS Growth Fund - Class 4 <br> *advised by Capital Research and* <br> *Management Company* <br>| &nbsp;&nbsp; 0.83% | &nbsp;&nbsp; 19.93% | &nbsp;&nbsp; 13.09% | &nbsp;&nbsp; 17.67% |
| Long-term growth of capital. | Fidelity<sup>®</sup> VIP Mid Cap Portfolio - Service <br> Class 2<br>| &nbsp;&nbsp; 0.80% | &nbsp;&nbsp; 11.49% | &nbsp;&nbsp; 9.83% | &nbsp;&nbsp; 10.31% |
| To provide capital appreciation. | First Trust Capital Strength Portfolio - Class <br> I <br>| &nbsp;&nbsp; 1.10% | &nbsp;&nbsp; 5.70% | &nbsp;&nbsp; 7.07% | &nbsp;&nbsp;&nbsp; N/A |
| &nbsp;&nbsp; To provide total return by allocating among <br> dividend-paying stocks and investment <br> grade bonds.<br>| First Trust/Dow Jones Dividend & Income <br> Allocation Portfolio - Class I<sup>5</sup> <br>| &nbsp;&nbsp; 1.18% | &nbsp;&nbsp; 5.30% | &nbsp;&nbsp; 3.98% | &nbsp;&nbsp; 6.68% |
| &nbsp;&nbsp; Long-term capital appreciation; <br> preservation of capital is also an important <br> consideration.<br>| Franklin Rising Dividends VIP Fund - Class <br> 4<br>| &nbsp;&nbsp; 0.99% | &nbsp;&nbsp; 11.66% | &nbsp;&nbsp; 9.38% | &nbsp;&nbsp; 11.98% |
| &nbsp;&nbsp; To achieve a high level of total return on its <br> assets through a combination of capital <br> appreciation and current income.<br>| Invesco V.I. Equally-Weighted S&P 500 <br> Fund - Series II Shares<sup>4</sup> <br> *This fund is not available in contracts* <br> *issued on or after June 21, 2021.*<br>| &nbsp;&nbsp; 0.59% | &nbsp;&nbsp; 10.82% | &nbsp;&nbsp; 9.89% | &nbsp;&nbsp; 11.11% |
| High total investment return. | LVIP BlackRock Global Allocation Fund - <br> Service Class <br> *advised by Lincoln Financial Investments* <br> *Corporation*<br>| &nbsp;&nbsp; 0.97%<sup>2</sup> <br>| &nbsp;&nbsp; 18.41% | &nbsp;&nbsp; 5.84% | &nbsp;&nbsp;&nbsp; N/A |
| &nbsp;&nbsp; Current income while maintaining a stable <br> value of the investors' shares and <br> preserving the value of the investors' initial <br> investment.<br>| LVIP Government Money Market Fund - <br> Service Class <br> *advised by Lincoln Financial Investments* <br> *Corporation*<br>| &nbsp;&nbsp; 0.63%<sup>2</sup> <br>| &nbsp;&nbsp; 3.71% | &nbsp;&nbsp; 2.79% | &nbsp;&nbsp; 1.70% |
| &nbsp;&nbsp; To maximize total return by investing <br> primarily in a diversified portfolio of <br> intermediate- and long-term debt securities.<br>| LVIP JPMorgan Core Bond Fund - Service <br> Class <br> *advised by Lincoln Financial Investments* <br> *Corporation* <br>| &nbsp;&nbsp; 0.71% | &nbsp;&nbsp; 7.15% | &nbsp;&nbsp; -0.29% | &nbsp;&nbsp; 1.85% |
| Capital appreciation. | LVIP MFS Value Fund - Service Class <br> *advised by Lincoln Financial Investments* <br> *Corporation*<br>| &nbsp;&nbsp; 0.86%<sup>2</sup> <br>| &nbsp;&nbsp; 12.78% | &nbsp;&nbsp; 9.72% | &nbsp;&nbsp; 9.82% |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> **Adviser/Sub-adviser**<sup>1</sup><br>| **Current**<br> **Expenses**<br>| **Average Annual Total**<br> **Returns (as of 12/31/2025)** | **Average Annual Total**<br> **Returns (as of 12/31/2025)** | **Average Annual Total**<br> **Returns (as of 12/31/2025)** |
|  |  |  | **1 year** | **5 year** | **10 year** |
| &nbsp;&nbsp; To seek a high level of current income <br> consistent with preservation of capital.<br>| LVIP PIMCO Low Duration Bond Fund - <br> Service Class <br> *advised by Lincoln Financial Investments* <br> *Corporation*<br>| &nbsp;&nbsp; 0.85%<sup>2</sup> <br>| &nbsp;&nbsp; 5.21% | &nbsp;&nbsp; 1.65% | &nbsp;&nbsp; 1.99% |
| &nbsp;&nbsp; To approximate as closely as practicable, <br> before fees and expenses, the performance <br> of a broad market index of non-U.S. foreign <br> securities.<br>| LVIP State Street International Index Fund - <br> Service Class <br> *advised by Lincoln Financial Investments* <br> *Corporation* <br> *(formerly LVIP SSGA International Index* <br> *Fund)* <br>| &nbsp;&nbsp; 0.63%<sup>2</sup> <br>| &nbsp;&nbsp; 30.85% | &nbsp;&nbsp; 8.39% | &nbsp;&nbsp; 7.73% |
| &nbsp;&nbsp; To approximate as closely as practicable, <br> before fees and expenses, the total rate of <br> return of common stocks publicly traded in <br> the United States, as represented by the <br> S&P 500 Index.<br>| LVIP State Street S&P 500 Index Fund - <br> Service Class<sup>3</sup> <br> *advised by Lincoln Financial Investments* <br> *Corporation* <br> *(formerly LVIP SSGA S&P 500 Index Fund)*<br>| &nbsp;&nbsp; 0.48% | &nbsp;&nbsp; 17.30% | &nbsp;&nbsp; 13.88% | &nbsp;&nbsp; 14.26% |
| &nbsp;&nbsp; To approximate as closely as practicable, <br> before fees and expenses, the performance <br> of the Russell 2000<sup>®</sup> Index, which <br> emphasizes stocks of small U.S. <br> companies.<br>| LVIP State Street Small-Cap Index Fund - <br> Service Class <br> *advised by Lincoln Financial Investments* <br> *Corporation* <br> *(formerly LVIP SSGA Small-Cap Index* <br> *Fund)*<br>| &nbsp;&nbsp; 0.63%<sup>2</sup> <br>| &nbsp;&nbsp; 12.18% | &nbsp;&nbsp; 5.47% | &nbsp;&nbsp; 8.90% |

---

<sup>1</sup>

The name of the adviser or sub-adviser is not listed if the name is incorporated into the name of the fund or the fund company.

<sup>2</sup>

This fund is subject to an expense reimbursement or fee waiver arrangement. As a result, this fund's annual expenses reflect temporary expense reductions. See the fund prospectus for additional information.

<sup>3</sup>

Investments in Macquarie VIP Series, Macquarie Funds, LVIP Macquarie Funds or Lincoln Life accounts managed by Macquarie Investment Management Advisers, a series of Macquarie Investments Management Business Trust, are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46008 583 542 and its holding companies, including their subsidiaries or related companies, and are subject to investment risk, including possible delays in prepayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the series or funds or accounts, the repayment of capital from the series or funds or account, or any particular rate of return.

<sup>4</sup>

The Index to which this fund is managed to is a product of S&P Dow Jones Indices LLC (SPDJI) and has been licensed for use by one or more of the portfolio's service providers (licensee). Standard & Poor's<sup>®</sup>, S&P<sup>®</sup>, S&P GSCI<sup>®</sup> and S&P 500<sup>®</sup> are registered trademarks of S&P Global, Inc. or its affiliates (S&P) and Dow Jones<sup>®</sup> is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). The trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by the licensee. The licensee's products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or their third party licensors, and none of these parties or their respective affiliates or third party licensors make any representation regarding the advisability of investing in such products, nor do they have liability for any errors, omissions, or interruptions of the Index.

<sup>5</sup>

Standard & Poor's<sup>®</sup>," "S&P<sup>®</sup>," "Standard & Poor's Equal Weight Index," "S&P EWI," "S&P 500<sup>®</sup>," "Standard & Poor's 500" and "500" are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by the Invesco V.I. Equally-Weighted S&P 500 Fund. The fund is not sponsored, endorsed, sold or promoted by S&P, and S&P makes no representation regarding the advisability of investing in the fund.

<sup>6</sup>

Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). The trademark has been licensed to S&P Dow Jones Indices LLC and has been sublicensed for use for certain purposes by First Trust Advisors L.P. The product is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of purchasing the product.

------

**Indexed Accounts**

The following is a list of Indexed Accounts currently available under the Contract. We may change the features of the Indexed Accounts listed below (including the Index and the current limits on Index gains and losses), offer new Indexed Accounts and terminate existing Indexed Accounts. We will provide you with written notice before making any changes other than changes to the current limits on Index gains. Information about current limits on Index gains is available at www.lfg.com/llarates.

**Note: If amounts are removed from an Indexed Account before the end of its Indexed Term, we will apply a Contract Adjustment based on Interim Value. This may result in significant reduction in your Contract Value that could exceed any protection from Index loss that would be in place if you held the Indexed Segment until the end of the Indexed Term. See Indexed Accounts – Interim Value in the prospectus for additional details.** 

**The availability of Indexed Accounts may vary depending on the broker-dealer through which the Contract is sold. See Appendix C — Broker-Dealer Material Variations.** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Index** | **Type of Index** | **Term** <br> **Duration**<br>| **Index Crediting**<br> **Methodology**<br>| **Protection Method and** <br> **Amount of Protection** | **Protection Method and** <br> **Amount of Protection** | **Guaranteed Minimum** <br> **Declared Crediting** <br> **Method Rate** | **Guaranteed Minimum** <br> **Declared Crediting** <br> **Method Rate** |
| S&P 500<sup>®</sup> Price Return Index<sup>1</sup> <br>| Market Index | 1-Year | Point-to-Point | 10% | Protection Level | 1.00% | Performance <br> Cap<br>|
| S&P 500<sup>®</sup> Price Return Index<sup>1</sup> <br>| Market Index | 1-Year | Point-to Point | 15% | Protection Level | 1.00% | Performance <br> Cap<br>|
| S&P 500<sup>®</sup> Price Return Index<sup>1</sup> <br>| Market Index | 1-Year | Point-to-Point | 20% | Protection Level | 1.00% | Performance <br> Cap<br>|
| S&P 500<sup>®</sup> Price Return Index<sup>1, 2</sup> <br>*This Indexed Account is available for all contracts purchased* <br> *on or after June 20, 2023.*<br>| Market Index | 1-Year | Point-to-Point | 100% | Protection Level | 0.10% | Performance <br> Cap<br>|
| Russell 2000<sup>®</sup> Price Return Index<sup>1</sup> <br>| Market Index | 1-Year | Point-to-Point | 10% | Protection Level | 1.00% | Performance <br> Cap<br>|
| Capital Strength Net Fee Index<sup>SM 1, 3</sup> <br>*This Indexed Account is available for all contracts purchased* <br> *on or after June 20, 2023.*<br>| Market Index | 1-Year | Point-to-Point | 10% | Protection Level | 1.00% | Performance <br> Cap<br>|
| First Trust American Leadership Index<sup>TM 1, 3</sup> <br>| Market Index | 1-Year | Point-to-Point | 10% | Protection Level | 1.00% | Performance <br> Cap<br>|
| First Trust American Leadership Index<sup>TM 1, 3</sup> <br>| Market Index | 1-Year | Point-to-Point | 15% | Protection Level | 1.00% | Performance <br> Cap<br>|
| MSCI EAFE Index<sup>1</sup> <br>| Market Index | 1-Year | Point-to-Point | 10% | Protection Level | 1.00% | Performance <br> Cap<br>|
| Nasdaq-100 Price Return Index<sup>®</sup>1 <br>| Market Index | 1-Year | Point-to-Point | 15% | Protection Level | 1.00% | Performance <br> Cap<br>|
| S&P 500<sup>®</sup> Price Return Index<sup>1</sup> <br>*This Indexed Account is not available to contracts issued on* <br> *and after August 21, 2023. This Indexed Account is no longer* <br> *available for existing Contractowners at the end of their* <br> *current Term or on any Indexed Anniversary Date on or after* <br> *November 20, 2023.*<br>| Market Index | 6-Year | Point-to-Point | 10% | Protection Level | 10.00% | Performance <br> Cap<br>|
| S&P 500<sup>®</sup> Price Return Index<sup>1</sup> <br>| Market Index | 6-Year | Point-to-Point | 20% | Protection Level | 10.00% | Performance <br> Cap<br>|
| S&P 500<sup>®</sup> Price Return Index<sup>1</sup> <br>| Market Index | 6-Year | Point-to-Point | 30% | Protection Level | 10.00% | Performance <br> Cap<br>|
| Russell 2000<sup>®</sup> Price Return Index<sup>1</sup> <br>*This Indexed Account is not available to contracts issued on* <br> *and after August 21, 2023. This Indexed Account is no longer* <br> *available for existing Contractowners at the end of their* <br> *current Term or on any Indexed Anniversary Date on or after* <br> *November 20, 2023.*<br>| Market Index | 6-Year | Point-to-Point | 10% | Protection Level | 10.00% | Performance <br> Cap<br>|
| Russell 2000<sup>®</sup> Price Return Index<sup>1</sup> <br>| Market Index | 6-Year | Point-to-Point | 20% | Protection Level | 10.00% | Performance <br> Cap<br>|

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Index** | **Type of Index** | **Term** <br> **Duration**<br>| **Index Crediting**<br> **Methodology**<br>| **Protection Method and** <br> **Amount of Protection** | **Protection Method and** <br> **Amount of Protection** | **Guaranteed Minimum** <br> **Declared Crediting** <br> **Method Rate** | **Guaranteed Minimum** <br> **Declared Crediting** <br> **Method Rate** |
| Russell 2000<sup>®</sup> Price Return Index<sup>1</sup> <br>| Market Index | 6-Year | Point-to-Point | 30% | Protection Level | 10.00% | Performance <br> Cap<br>|
| Capital Strength Net Fee Index<sup>SM 1, 3</sup> <br> *This Indexed Account is not available to contracts issued on* <br> *and after August 21, 2023. This Indexed Account is no longer* <br> *available for existing Contractowners at the end of their* <br> *current Term or on any Indexed Anniversary Date on or after* <br> *November 20, 2023.*<br>| Market Index | 6-Year | Point-to-Point | 10% | Protection Level | 10.00% | Performance <br> Cap<br>|
| Capital Strength Net Fee Index<sup>SM 1, 3</sup> <br>| Market Index | 6-Year | Point-to-Point | 20% | Protection Level | 10.00% | Performance <br> Cap<br>|
| Capital Strength Net Fee Index<sup>SM 1, 3</sup> <br> *This Indexed Account is available for all contracts purchased* <br> *on or after May 2023.*<br>| Market Index | 6-Year | Point-to-Point | 30% | Protection Level | 10.00% | Performance <br> Cap<br>|
| First Trust American Leadership Index<sup>TM 1, 3</sup> <br>*This Indexed Account is not available to contracts issued on* <br> *and after August 21, 2023. This Indexed Account is no longer* <br> *available for existing Contractowners at the end of their* <br> *current Term or on any Indexed Anniversary Date on or after* <br> *November 20, 2023.*<br>| Market Index | 6-Year | Point-to-Point | 10% | Protection Level | 10.00% | Performance <br> Cap<br>|
| First Trust American Leadership Index<sup>TM 1, 3</sup> <br>| Market Index | 6-Year | Point-to-Point | 20% | Protection Level | 10.00% | Performance <br> Cap<br>|
| MSCI EAFE Index<sup>TM 1</sup> <br>*This Indexed Account is not available to contracts issued on* <br> *and after August 21, 2023. This Indexed Account is no longer* <br> *available for existing Contractowners at the end of their* <br> *current Term or on any Indexed Anniversary Date on or after* <br> *November 20, 2023.*<br>| Market Index | 6-Year | Point-to-Point | 10% | Protection Level | 10.00% | Performance <br> Cap<br>|
| S&P 500<sup>®</sup> Price Return Index<sup>1</sup> <br>| Market Index | 3-Year | Point-to-Point | 10% | Protection Level | 15.00% | Participation <br> Rate<br>|
| Capital Strength Net Fee Index<sup>SM1, 3</sup>  | Market Index | 3-Year | Point-to-Point | 10% | Protection Level | 15.00% | Participation <br> Rate<br>|
| First Trust American Leadership Index<sup>TM1, 3</sup> <br>| Market Index | 3-Year | Point-to-Point | 10% | Protection Level | 15.00% | Participation <br> Rate<br>|
| S&P 500<sup>®</sup> Price Return Index<sup>1</sup> <br>*This Indexed Account is available for all contracts purchased* <br> *on or after November 20, 2023.*<br>| Market Index | 6-Year | Point-to-Point | 10% | Protection Level | 15.00% | Participation <br> Rate<br>|
| Russell 2000<sup>®</sup> Price Return Index<sup>1</sup> <br>*This Indexed Account is available for all contracts purchased* <br> *on or after November 20, 2023.*<br>| Market Index | 6-Year | Point-to-Point | 10% | Protection Level | 15.00% | Participation <br> Rate<br>|
| Capital Strength Net Fee Index<sup>SM 1, 3</sup> <br>*This Indexed Account is available for all contracts purchased* <br> *on or after November 20, 2023.*<br>| Market Index | 6-Year | Point-to-Point | 10% | Protection Level | 15.00% | Participation <br> Rate<br>|
| First Trust American Leadership Index<sup>TM1, 3</sup> <br>*This Indexed Account is available for all contracts purchased* <br> *on or after November 20, 2023.*<br>| Market Index | 6-Year | Point-to-Point | 10% | Protection Level | 15.00% | Participation <br> Rate<br>|
| MSCI EAFE Index<sup>1</sup> <br>*This Indexed Account is available for all contracts purchased* <br> *on or after November 20, 2023.*<br>| Market Index | 6-Year | Point-to-Point | 10% | Protection Level | 15.00% | Participation <br> Rate<br>|
| S&P 500<sup>®</sup> Price Return Index<sup>1</sup> <br>| Market Index | 1-Year | Point-to-Point | 10% | Protection Level | 1.00% | Performance <br> Trigger Rate<br>|
| S&P 500<sup>®</sup> Price Return Index<sup>1</sup> <br>| Market Index | 1-Year | Point-to-Point | 15% | Protection Level | 1.00% | Performance <br> Trigger Rate<br>|

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Index** | **Type of Index** | **Term** <br> **Duration**<br>| **Index Crediting**<br> **Methodology**<br>| **Protection Method and** <br> **Amount of Protection** | **Protection Method and** <br> **Amount of Protection** | **Guaranteed Minimum** <br> **Declared Crediting** <br> **Method Rate** | **Guaranteed Minimum** <br> **Declared Crediting** <br> **Method Rate** |
| S&P 500<sup>®</sup> Price Return Index<sup>1</sup> <br>*This Indexed Account is not available to contracts issued on* <br> *and after August 21, 2023. This Indexed Account is no longer* <br> *available for existing Contractowners at the end of their* <br> *current Term or on any Indexed Anniversary Date on or after* <br> *November 20, 2023.*<br>| Market Index | 1-Year | Point-to-Point | 20% | Protection Level | 1.00% | Performance <br> Trigger Rate<br>|
| Nasdaq-100<sup>®</sup> Price Return Index<sup>1</sup> <br>| Market Index | 1-Year | Point-to-Point | 15% | Protection Level | 1.00% | Performance <br> Trigger Rate<br>|
| First Trust American Leadership Index<sup>TM 1, 3</sup> <br>| Market Index | 1-Year | Point-to-Point | 10% | Protection Level | 1.00% | Performance <br> Trigger Rate<br>|
| S&P 500<sup>®</sup> Price Return Index<sup>1</sup> <br>*This Indexed Account is available for all contracts purchased* <br> *on or after August 21, 2023, subject to state availability.* <br>| Market Index | 1-Year | Point-to-Point | 10% | Protection Level | 1.00% | Dual <br> Performance <br> Trigger Rate<br>|
| Russell 2000<sup>®</sup> Price Return Index<sup>1</sup> <br> *This Indexed Account is available for all contracts purchased* <br> *on or after August 21, 2023, subject to state availability.*<br>| Market Index | 1-Year | Point-to-Point | 10% | Protection Level | 1.00% | Dual <br> Performance <br> Trigger Rate<br>|
| Capital Strength Net Fee Index<sup>SM 1, 3</sup> <br> *This Indexed Account is available for all contracts purchased* <br> *on or after August 21, 2023, subject to state availability.*<br>| Market Index | 1-Year | Point-to-Point | 10% | Protection Level | 1.00% | Dual <br> Performance <br> Trigger Rate<br>|
| First Trust American Leadership Index<sup>TM 1, 3</sup> <br>*This Indexed Account is available for all contracts purchased* <br> *on or after August 21, 2023, subject to state availability.*<br>| Market Index | 1-Year | Point-to-Point | 10% | Protection Level | 1.00% | Dual <br> Performance <br> Trigger Rate<br>|
| S&P 500<sup>®</sup> Price Return Index<sup>1</sup> <br>*This Indexed Account is available for all contracts purchased* <br> *on or after August 21, 2023, subject to state availability.*<br>| Market Index | 6-Year | Point-to-Point | 15% | Dual Plus | 15.00% | Performance <br> Cap<br>|
| Russell 2000<sup>®</sup> Price Return Index<sup>1</sup> <br> *This Indexed Account is available for all contracts purchased* <br> *on or after August 21, 2023, subject to state availability.*<br>| Market Index | 6-Year | Point-to-Point | 15% | Dual Plus | 15.00% | Performance <br> Cap<br>|
| Capital Strength Net Fee Index<sup>SM 1, 3</sup> <br> *This Indexed Account is available for all contracts purchased* <br> *on or after August 21, 2023, subject to state availability.*<br>| Market Index | 6-Year | Point-to-Point | 15% | Dual Plus | 15.00% | Performance <br> Cap<br>|
| First Trust American Leadership Index<sup>TM 1, 3</sup> <br> *This Indexed Account is available for all contracts purchased* <br> *on or after August 21, 2023, subject to state availability.*<br>| Market Index | 6-Year | Point-to-Point | 15% | Dual Plus | 15.00% | Performance <br> Cap<br>|
| S&P 500<sup>®</sup> Price Return Index<sup>1</sup> <br>| Market Index | 6-Year | Annual Lock | 10% | Protection Level | 1.00% | Performance <br> Cap<br>|
| Russell 2000<sup>®</sup> Price Return Index<sup>1</sup> <br>| Market Index | 6-Year | Annual Lock | 10% | Protection Level | 1.00% | Performance <br> Cap<br>|
| Capital Strength Net Fee Index<sup>SM 1, 3</sup> <br>| Market Index | 6-Year | Annual Lock | 10% | Protection Level | 1.00% | Performance <br> Cap<br>|
| MSCI EAFE Index<sup>1</sup> <br>| Market Index | 6-Year | Annual Lock | 10% | Protection Level | 1.00% | Performance <br> Cap<br>|

---

<sup>1</sup> The Index is a "price return Index," not a "total return Index," and therefore does not reflect dividends paid on the securities composing the Index. This will reduce the Index return and may cause the Index to underperform a direct investment in the securities composing the Index.

<sup>2</sup> This Indexed Account provides total protection from Index losses at the end of the Indexed Term.

<sup>3</sup> The Index deducts fees and costs when calculating Index performance which will reduce the Index return and cause each Index to underperform a direct investment in the securities composing the Index.

Each Indexed Account's limit on Index losses is guaranteed not to change for as long as that Indexed Account remains available under the Contract. **We will not offer a 1-Year Indexed Account with a Performance Cap, Performance Trigger Rate, or Dual Performance Trigger Rate below 1.00% (except in the case of the 100% Protection Level, which has a minimum Performance Cap of 0.10%) or a 6-Year Annual Lock Indexed Account with a Performance Cap below 1.00%. We will not offer a 6-Year Performance Cap below 10.00% on a Performance Cap Indexed Account, or below 15.00% on a Dual15 Plus Indexed Account. We will not offer a 3-Year or 6-Year Participation Rate Indexed Account with a Participation Rate below 15.00%.** However, we reserve the right to add and

------

remove Indexed Accounts and to offer Indexed Accounts with different Crediting Methods or Protection Methods. As such, the limits on Index loss offered under the Contract may change from one Indexed Term to the next. We do not guarantee that the Contract will always offer Indexed Accounts that limit Index losses. See Indexed Accounts in the prospectus for additional details.

------

This updating summary prospectus incorporates by reference the prospectus and statement of additional information (SAI) for the Contract, both dated May 1, 2026, as may be amended or supplemented from time to time. The SAI may be obtained, free of charge, in the same manner as the prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**SEC File Nos.:** <br>333-222786; 811-08517 <br> 333-273746 <br>**EDGAR Contract Identifier:** <br>C000199853; <br> C000260280

------