# EDGAR Filing Document

**Accession Number:** 0001048607
**File Stem:** 0001104659-25-093864
**Filing Date:** 2025-9
**Character Count:** 45748
**Document Hash:** e7933b28b01e36722471acad1b21e260
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-093864.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001104659-25-093864

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**EFFECTIVENESS DATE**: 20250926

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINCOLN LIFE FLEXIBLE PREMIUM VARIABLE LIFE ACCOUNT M
- **CENTRAL INDEX KEY:** 0001048607

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

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08557
- **FILM NUMBER:** 251350544

**BUSINESS ADDRESS:**
- **STREET 1:** 1300 S CLINTON ST
- **STREET 2:** PO BOX 1110
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46801
- **BUSINESS PHONE:** 2194552000

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

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINCOLN LIFE FLEXIBLE PREMIUM VARIABLE LIFE ACCOUNT M
- **CENTRAL INDEX KEY:** 0001048607

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

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-276970
- **FILM NUMBER:** 251350543

**BUSINESS ADDRESS:**
- **STREET 1:** 1300 S CLINTON ST
- **STREET 2:** PO BOX 1110
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46801
- **BUSINESS PHONE:** 2194552000

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

## Series and Classes Contracts Data

### LINCOLN LIFE FLEXIBLE PREMIUM VARIABLE LIFE ACCOUNT M (Series ID: S000001625)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000249203 | Lincoln MoneyGuard Market Advantage 2024 |  |

?xml version='1.0' encoding='ASCII'? EDGAR HTML

As filed with the Securities and Exchange Commission on September 26, 2025

1933 Act Registration No. 333-276970

1940 Act Registration No. 811-08557

CIK No. 0001048607

------

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-6

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

Post-Effective Amendment No. 3

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

Amendment No. 418

Lincoln Life Flexible Premium Variable Life Account M

(Exact Name of Registrant)

Lincoln *MoneyGuard Market Advantage*<sup>®</sup> 2024

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

(Exact Name of Depositor)

1301 South Harrison Street

Fort Wayne, Indiana 46802

(Address of Depositor's Principal Executive Offices)

Depositor's Telephone Number, Including Area Code: (260) 455-2000

Craig Beazer, Esq.

The Lincoln National Life Insurance Company

150 North Radnor Chester Road

Radnor, PA 19087

(Name and Address of Agent for Service)

Copy To:

Brittany S. Speas

The Lincoln National Life Insurance Company

1301 South Harrison Street

Fort Wayne, Indiana 46802

Approximate Date of Proposed Public Offering: Continuous

Title of Securities being registered:

Indefinite Number of Units of Interest in Variable Life Insurance Contracts.

An indefinite amount of the securities being offered by the Registration Statement has been registered pursuant to

Rule 24f-2 under the Investment Company Act of 1940. The Form 24F-2 for the Registrant for the fiscal year ended

December 31, 2024 was filed March 26, 2025.

It is proposed that this filing will become effective:

/X/

immediately upon filing pursuant to paragraph (b)

/ /

on May 1, 2025 pursuant to paragraph (b)

/ /

60 days after filing pursuant to paragraph (a)(1)

/ /

on XX XX, 2025 pursuant to paragraph (a)(1) of Rule 485.

If appropriate, check the following box:

/ /

This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

------

**THE LINCOLN NATIONAL LIFE INSURANCE COMPANY**

Lincoln Life Flexible Premium Variable Life Account M

Lincoln *MoneyGuard Market Advantage*<sup>®</sup> 2024

Supplement dated September 26, 2025 to the Prospectus dated May 1, 2025

This supplement to the prospectus for your individual variable life policy describes a revision to the Long-Term Care Benefits Rider. All other provisions in your prospectus remain unchanged, and the changes discussed in this supplement do not impact existing Owners.

**Description of Changes**

The following describes a change that is being incorporated into your prospectus:

**Long-Term Care Benefits Rider** (sub-section: *Impact of Benefit Payments on Policy Values)* the following is being added at the end of the paragraph:

In the State of Indiana, while the Policy's Accumulation Value is greater than zero, benefit payments under this Rider for Indemnity Choice Option benefits or to reimburse any Covered Service or combination of Covered Services (other than Caregiver Training) will reduce the Policy's Accumulation Value and Surrender Value by an amount equal to (1) multiplied by (2), divided by (3), but not to exceed (2) divided by (4), where:

&nbsp;&nbsp;&nbsp;&nbsp;(1) is the Policy's
 Accumulation Value immediately prior to the benefit payment;

&nbsp;&nbsp;&nbsp;&nbsp;(2) is the amount
 of the benefit payment;

&nbsp;&nbsp;&nbsp;&nbsp;(3) is the Policy's
 Specified Amount immediately prior to the benefit payment; and

&nbsp;&nbsp;&nbsp;&nbsp;(4) is the Corridor
 Percentages Table value for the Insured's current Attained Age as shown in the Policy
 Specifications.

Please keep this supplement for future reference.

**Part A**

The Prospectus for the Lincoln *MoneyGuard Market Advantage*<sup>®</sup> 2024 variable life insurance contract, as supplemented, is incorporated herein by reference to [Post-Effective Amendment No. 2](https://www.sec.gov/ix?doc=/Archives/edgar/data/1048607/000110465925033697/tm253650d1_485bpos.htm) (File No. 333-276970) filed on April 10, 2025, and to the definitive [497](https://www.sec.gov/ix?doc=/Archives/edgar/data/1048607/000110465925043217/tm253650d5_497.htm)[Filing](https://www.sec.gov/ix?doc=/Archives/edgar/data/1048607/000110465925043217/tm253650d5_497.htm) filed on May 1, 2025.

**Part B**

The Statement of Additional Information for the Lincoln *MoneyGuard Market Advantage*<sup>®</sup> 2024 variable life insurance contract, including the consolidated financial statements of The Lincoln National Life Insurance Company and the financial statements of Lincoln Life Flexible Premium Variable Life Account M, is incorporated herein by reference to [Post-Effective Amendment No. 2](https://www.sec.gov/ix?doc=/Archives/edgar/data/1048607/000110465925033697/tm253650d1_485bpos.htm) (File No. 333-276970) filed on April 10, 2025, and to the definitive [497 Filing](https://www.sec.gov/ix?doc=/Archives/edgar/data/1048607/000110465925043217/tm253650d5_497.htm) filed on May 1, 2025.

------

PART C - OTHER INFORMATION

**Item 30. EXHIBITS**

a)

[Resolution of the Board of Directors of The Lincoln National Life Insurance Company and related documents authorizing establishment](https://www.sec.gov/Archives/edgar/data/1048607/0001047469-97-008088.txt)[of the Account incorporated by reference to Registrant's Registration Statement on Form S-6 (File No. 333-42479) filed](https://www.sec.gov/Archives/edgar/data/1048607/0001047469-97-008088.txt)[on December 17, 1997.](https://www.sec.gov/Archives/edgar/data/1048607/0001047469-97-008088.txt)

b)

Not applicable.

c)

&nbsp;&nbsp;&nbsp;&nbsp;(1) [Selling Agreement between The Lincoln National Life Insurance Company and Lincoln Financial Distributors, Inc. incorporated](https://www.sec.gov/Archives/edgar/data/1048606/000072686507000801/exhibit3i.txt)[by reference to Post-Effective Amendment No. 24 on Form N-4 (File No. 333-61554) filed on December 18, 2007.](https://www.sec.gov/Archives/edgar/data/1048606/000072686507000801/exhibit3i.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) [Selling Group Agreement for Lincoln Financial Advisors incorporated herein by reference to Post-Effective Amendment](https://www.sec.gov/Archives/edgar/data/353894/0001047469-99-015874.txt)[No. 16 (File No. 033-25990) filed on April 22, 1999.](https://www.sec.gov/Archives/edgar/data/353894/0001047469-99-015874.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) [Amendment dated November 22, 1999 to Selling Group Agreement incorporated herein by reference to Post-Effective](https://www.sec.gov/Archives/edgar/data/353894/000091205700017799/0000912057-00-017799.txt)[Amendment No. 18 (File No. 033-25990) filed on April 13, 2000.](https://www.sec.gov/Archives/edgar/data/353894/000091205700017799/0000912057-00-017799.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) [Amendment dated February 14, 2000 to Selling Group Agreement incorporated herein by reference to Post-Effective](https://www.sec.gov/Archives/edgar/data/353894/000091205700017799/0000912057-00-017799.txt)[Amendment No. 18 (File No. 033-25990) filed on April 13, 2000.](https://www.sec.gov/Archives/edgar/data/353894/000091205700017799/0000912057-00-017799.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) [Amended and Restated Principal Underwriting Agreement dated May 1, 2007 between The Lincoln National Life Insurance](https://www.sec.gov/Archives/edgar/data/1048606/000072686507000801/exhibit3i.txt)[Company and Lincoln Financial Distributors, Inc. incorporated herein by reference to Post-Effective Amendment](https://www.sec.gov/Archives/edgar/data/1048606/000072686507000801/exhibit3i.txt)[No. 24 (File No. 333-61554) filed on December 18, 2007.](https://www.sec.gov/Archives/edgar/data/1048606/000072686507000801/exhibit3i.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) [Form of Broker-Dealer Selling Agreement among The Lincoln National Life Insurance Company, Lincoln Life & Annuity](https://www.sec.gov/Archives/edgar/data/1045008/000110465924128349/tm2428391d3_ex99-bxcx2.htm)[Company of New York and Lincoln Financial Distributors, Inc. incorporated herein by reference to Post-Effective](https://www.sec.gov/Archives/edgar/data/1045008/000110465924128349/tm2428391d3_ex99-bxcx2.htm)[Amendment No. 31 on Form N-4 (File No. 333-181617) filed on December 13, 2024.](https://www.sec.gov/Archives/edgar/data/1045008/000110465924128349/tm2428391d3_ex99-bxcx2.htm)

d)

&nbsp;&nbsp;&nbsp;&nbsp;(1) [Policy (ICC20-MGV892) incorporated by reference to Pre-Effective Amendment No. 1 on Form N-6 (File No. 333-276970)](https://www.sec.gov/Archives/edgar/data/1048607/000110465924058049/tm245168d1_ex99-bxdx1.htm)[filed on May 7, 2024.](https://www.sec.gov/Archives/edgar/data/1048607/000110465924058049/tm245168d1_ex99-bxdx1.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) [Policy Specifications (ICC24-MGV892-2) incorporated by reference to Pre-Effective Amendment No. 1 on Form N-6 (File](https://www.sec.gov/Archives/edgar/data/1048607/000110465924058049/tm245168d1_ex99-bxdx2.htm)[No. 333-276970) filed on May 7, 2024.](https://www.sec.gov/Archives/edgar/data/1048607/000110465924058049/tm245168d1_ex99-bxdx2.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) [Long-Term Care Benefits Rider (ICC24LTCBR-898) incorporated by reference to Pre-Effective Amendment No. 1 on Form](https://www.sec.gov/Archives/edgar/data/1048607/000110465924058049/tm245168d1_ex99-bxdx3.htm)[N-6 (File No. 333-276970) filed on May 7, 2024.](https://www.sec.gov/Archives/edgar/data/1048607/000110465924058049/tm245168d1_ex99-bxdx3.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) [Long-Term Care Insurance Outline of Coverage (ICC24MGF12605) incorporated by reference to Pre-Effective Amendment](https://www.sec.gov/Archives/edgar/data/1048607/000110465924058049/tm245168d1_ex99-bxdx4.htm)[No. 1 on Form N-6 (File No. 333-276970) filed on May 7, 2024.](https://www.sec.gov/Archives/edgar/data/1048607/000110465924058049/tm245168d1_ex99-bxdx4.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) [Value Protection Rider (ICC20VPR-892) incorporated herein by reference to Pre-Effective Amendment No. 1 on Form N-6](https://www.sec.gov/Archives/edgar/data/1048607/000110465920136223/a20-38017_1ex99dbd4.htm)[(File No. 333-248990) filed on December 16, 2020.](https://www.sec.gov/Archives/edgar/data/1048607/000110465920136223/a20-38017_1ex99dbd4.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) [Benefit Transfer Rider (ICC24BTR-899) incorporated by reference to Registration Statement on Form N-6 (File No. 333-](https://www.sec.gov/Archives/edgar/data/1048607/000110465925033697/tm253650d1_ex99-bxdx6.htm)[276970) filed on April 10, 2025.](https://www.sec.gov/Archives/edgar/data/1048607/000110465925033697/tm253650d1_ex99-bxdx6.htm)

e)

[Application ICC20MGF12091A incorporated herein by reference to Registration Statement on Form N-6 (File No. 333-248990)](https://www.sec.gov/Archives/edgar/data/1048607/000072686520000505/app.htm)[filed on September 23, 2020.](https://www.sec.gov/Archives/edgar/data/1048607/000072686520000505/app.htm)

f)

&nbsp;&nbsp;&nbsp;&nbsp;(1) [Articles of Incorporation of The National Lincoln Life Insurance Company incorporated by reference to Registration Statement](https://www.sec.gov/Archives/edgar/data/1015343/000091205796021106/0000912057-96-021106.txt)[on Form N-4 (File No. 333-04999) filed on September 25, 1996.](https://www.sec.gov/Archives/edgar/data/1015343/000091205796021106/0000912057-96-021106.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) [Bylaws of The National Lincoln Life Insurance Company incorporated by reference to Post-Effective Amendment No. 3 on](https://www.sec.gov/Archives/edgar/data/1048607/000104746907002620/a2176929zex-99_b266b.txt)[Form N-6 (File No. 333-118478) filed on April 5, 2007.](https://www.sec.gov/Archives/edgar/data/1048607/000104746907002620/a2176929zex-99_b266b.txt)

g)

[Reinsurance Contracts incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement on Form N-6](https://www.sec.gov/Archives/edgar/data/1048607/000104746908003934/a2183147zex-99_b7.txt)[(File No. 333-139960) filed on April 1, 2008.](https://www.sec.gov/Archives/edgar/data/1048607/000104746908003934/a2183147zex-99_b7.txt)

h)

Fund Participation Agreements, and amendments thereto, between The Lincoln National Life Insurance Company and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) [American Funds Insurance Series incorporated by reference to Post-Effective Amendment No. 26 on Form N-6 (File No.](https://www.sec.gov/Archives/edgar/data/1048607/000110465917021018/a17-3344_1ex99dbh4.htm)[333-146507) filed on April 3, 2017.](https://www.sec.gov/Archives/edgar/data/1048607/000110465917021018/a17-3344_1ex99dbh4.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) [Amendment No. 15 incorporated by reference to Post-Effective Amendment No. 38 on Form N-6 (File No. 333-125790)](https://www.sec.gov/Archives/edgar/data/1080299/000110465920044579/a20-5885_1ex99dbh4a.htm)[filed on April 8, 2020.](https://www.sec.gov/Archives/edgar/data/1080299/000110465920044579/a20-5885_1ex99dbh4a.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) [Delaware VIP Trust incorporated by reference to Post-Effective Amendment No. 23 on Form N-6 (File No. 333-146507) filed](https://www.sec.gov/Archives/edgar/data/1048607/000110465915025110/a15-4241_1ex99dbh6.htm)[on April 1, 2015.](https://www.sec.gov/Archives/edgar/data/1048607/000110465915025110/a15-4241_1ex99dbh6.htm)

------

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) [Amendment incorporated by reference to Post-Effective Amendment No. 40 filed on Form N-6 (File No. 333-125790)](https://www.sec.gov/Archives/edgar/data/1080299/000110465922043547/a22-2874_1ex99dbh6a.htm)[filed on April 7, 2022.](https://www.sec.gov/Archives/edgar/data/1080299/000110465922043547/a22-2874_1ex99dbh6a.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) [Fidelity Variable Insurance Products incorporated by reference to Post-Effective Amendment No. 34 on Form N-6 (File No.](https://www.sec.gov/Archives/edgar/data/1080299/000110465918023065/a18-5073_1ex99dbh10.htm)[333-125790) filed on April 9, 2018.](https://www.sec.gov/Archives/edgar/data/1080299/000110465918023065/a18-5073_1ex99dbh10.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) [First Trust Variable Insurance Trust and First Trust Portfolios, L.P. incorporated herein by reference to Post-Effective Amendment](https://www.sec.gov/Archives/edgar/data/1048606/000110465916111237/a16-4046_1ex99db8x.htm)[No. 9 (File No. 333-193272) filed on April 13, 2016](https://www.sec.gov/Archives/edgar/data/1048606/000110465916111237/a16-4046_1ex99db8x.htm).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) [second amendment incorporated herein by reference to Post-Effective Amendment No. 22 on Form N-4 (File No. 333-](https://www.sec.gov/Archives/edgar/data/1048606/000110465923066062/tm2315421d1_ex99-bxhx8xa.htm)[212680) filed on May 30, 2023.](https://www.sec.gov/Archives/edgar/data/1048606/000110465923066062/tm2315421d1_ex99-bxhx8xa.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) [Legg Mason Partners Variable Equity Trust incorporated by reference to Post-Effective Amendment No. 34 on Form N-6](https://www.sec.gov/Archives/edgar/data/1080299/000110465918023065/a18-5073_1ex99dbh16.htm)[(File No. 333-125790) filed on April 9, 2018.](https://www.sec.gov/Archives/edgar/data/1080299/000110465918023065/a18-5073_1ex99dbh16.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) [Lincoln Variable Insurance Products Trust incorporated by reference to Post-Effective Amendment No. 24 on Form N-6 (File](https://www.sec.gov/Archives/edgar/data/1048607/000110465916109301/a16-3839_1ex99dbh15.htm)[No. 333-146507) filed on April 1, 2016.](https://www.sec.gov/Archives/edgar/data/1048607/000110465916109301/a16-3839_1ex99dbh15.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) [MFS Variable Insurance Trust II incorporated by reference to Post-Effective Amendment No. 23 on Form N-6 (File No. 333-](https://www.sec.gov/Archives/edgar/data/1048607/000110465915025110/a15-4241_1ex99dbh17.htm)[146507) filed on April 1, 2015.](https://www.sec.gov/Archives/edgar/data/1048607/000110465915025110/a15-4241_1ex99dbh17.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) [Amendment dated August 1, 2016 incorporated by reference to Post-Effective Amendment No. 36 on Form N-6 (File](https://www.sec.gov/Archives/edgar/data/1080299/000110465919021053/a19-3437_1ex99dbh19.htm)[No. 333-125790) filed on April 12, 2019.](https://www.sec.gov/Archives/edgar/data/1080299/000110465919021053/a19-3437_1ex99dbh19.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) [Northern Lights Variable Trust incorporated by reference to Registration Statement on Form N-6 (File No. 333-232013) filed](https://www.sec.gov/Archives/edgar/data/1051932/000116475719000025/fpa.htm)[on June 7, 2019.](https://www.sec.gov/Archives/edgar/data/1051932/000116475719000025/fpa.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) [Amendment No. 1 incorporated by reference to Post-Effective Amendment No. 38 on Form N-6 (File No. 333-125790)](https://www.sec.gov/Archives/edgar/data/1080299/000110465920044579/a20-5885_1ex99dbh21a.htm)[filed on April 8, 2020.](https://www.sec.gov/Archives/edgar/data/1080299/000110465920044579/a20-5885_1ex99dbh21a.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) [Amendment No. 2 incorporated by reference to Post-Effective Amendment No. 1 on Form N-6 (File No. 333-248990)](https://www.sec.gov/Archives/edgar/data/1048607/000072686521000048/fpaamendment.htm)[filed on February 11, 2021.](https://www.sec.gov/Archives/edgar/data/1048607/000072686521000048/fpaamendment.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) [Putnam Variable Trust incorporated by reference to Post-Effective Amendment No. 26 on Form N-6 (File No. 333-146507)](https://www.sec.gov/Archives/edgar/data/1048607/000110465917021018/a17-3344_1ex99dbh19.htm)[filed on April 3, 2017.](https://www.sec.gov/Archives/edgar/data/1048607/000110465917021018/a17-3344_1ex99dbh19.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) [Amendment No. 7 incorporated by reference to Initial Registration Statement on Form N-4 (File No. 333-236907) filed](https://www.sec.gov/Archives/edgar/data/1048606/000072686520000080/ex8xv-a.htm)[on March 5, 2020.](https://www.sec.gov/Archives/edgar/data/1048606/000072686520000080/ex8xv-a.htm)

i)

[Accounting and Financial Administration Services Agreement dated January 1, 2019 among State Street Bank and Trust Company,](https://www.sec.gov/Archives/edgar/data/1080299/000110465919021053/a19-3437_1ex99dbi1.htm)[The Lincoln National Life Insurance Company and Lincoln Life & Annuity Company of New York incorporated by reference](https://www.sec.gov/Archives/edgar/data/1080299/000110465919021053/a19-3437_1ex99dbi1.htm)[to Post-Effective Amendment No. 36 on Form N-6 (File No. 333-125790) filed on April 12, 2019.](https://www.sec.gov/Archives/edgar/data/1080299/000110465919021053/a19-3437_1ex99dbi1.htm)

j)

Not applicable.

k)

[Opinion and Consent of Brittany S. Speas, Esquire incorporated by reference to Pre-Effective Amendment No. 1 (File No. 333-](https://www.sec.gov/Archives/edgar/data/1048607/000110465924058049/tm245168d1_ex99-bxk.htm)[276970) filed on May 7, 2024.](https://www.sec.gov/Archives/edgar/data/1048607/000110465924058049/tm245168d1_ex99-bxk.htm)

l)

Not applicable.

m)

Not applicable.

n)

&nbsp;&nbsp;&nbsp;&nbsp;(1) [Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm filed herein](tm2526006d1_ex99-bxnx1.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) [Power of Attorney - Principal Officers and Directors of The Lincoln National Life Insurance Company filed herein.](tm2526006d1_ex99-bxnx2.htm)

o)

Not applicable.

p)

Not applicable.

q)

[Compliance Procedures incorporated by reference to Post-Effective Amendment No. 46 on Form N-6 (File No. 333-125790) filed](https://www.sec.gov/Archives/edgar/data/1080299/000110465925032993/tm253636d1_ex99-bxq.htm)[on April 8, 2025.](https://www.sec.gov/Archives/edgar/data/1080299/000110465925032993/tm253636d1_ex99-bxq.htm)

r)

Not applicable.

EX-101.SCH XBRL Taxonomy Extension Schema Document

------

**Item 31. Directors and Officers of the Depositor** 

---

| | |
|:---|:---|
| 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 32. Persons Controlled by or Under Common Control with the Depositor or the Registrant**

[Lincoln National Corporation Organizational Chart incorporated herein by reference to Post-Effective Amendment No. 24 on Form](https://www.sec.gov/Archives/edgar/data/847552/000072686524000205/orgchartp.htm)[N-4 (File No. 333-212681) filed on May 31, 2024.](https://www.sec.gov/Archives/edgar/data/847552/000072686524000205/orgchartp.htm)

**Item 33. Indemnification**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Brief description of indemnification provisions:

In general, Article VII of the By-Laws of The Lincoln National Life Insurance Company (Lincoln Life) 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 not 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. 6(b) hereto) for the full text of the indemnification provisions. Indemnification is permitted by, and is subject to the requirements of, Indiana law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 34. Principal Underwriter**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Lincoln Financial Distributors, Inc. ("LFD") currently serves as Principal Underwriter for: Lincoln National Variable Annuity Account C; Lincoln National Flexible Premium Variable Life Account D; Lincoln National Variable Annuity Account E; Lincoln National Flexible Premium Variable Life Account F; Lincoln National Flexible Premium Variable Life Account G; Lincoln National Variable Annuity Account H; Lincoln Life & Annuity Variable Annuity Account H; Lincoln Life Flexible Premium Variable Life Account J; Lincoln Life Flexible Premium Variable Life Account K; Lincoln National Variable Annuity Account L; Lincoln Life & Annuity Variable Annuity Account L; Lincoln Life Flexible Premium Variable Life Account M; Lincoln Life & Annuity Flexible Premium Variable Life Account M; Lincoln Life Variable Annuity Account N; Lincoln New York Account N for

------

Variable Annuities; Lincoln Life Variable Annuity Account Q; Lincoln Life Flexible Premium Variable Life Account R; LLANY Separate Account R for Flexible Premium Variable Life Insurance; Lincoln Life Flexible Premium Variable Life Account S; LLANY Separate Account S for Flexible Premium Variable Life Insurance; Lincoln Life Variable Annuity Account T; Lincoln Life Variable Annuity Account W; and Lincoln Life Flexible Premium Variable Life Account Y and Lincoln Life & Annuity Flexible Premium Variable Life Account Y; Lincoln Life Variable Annuity Account JF-H; Lincoln Life Variable Annuity Account JF-I; Lincoln Life Flexible Premium Variable Life Account JF-A; Lincoln Life Flexible Premium Variable Life Account JF-C; Lincoln Life Variable Annuity Account JL-A; Lincoln Life & Annuity Flexible Premium Variable Life Account JA-B; Lincoln Variable Insurance Products Trust; Lincoln Advisors Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Officers and Directors of Lincoln Financial Distributors, Inc.:

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

---

| | |
|:---|:---|
| 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 |
| Timothy J. Seifert Sr\* | Senior Vice President and Director |
| Vacant | &nbsp;&nbsp;&nbsp;&nbsp; Senior Vice President, Chief Operating Officer and Head of Financial <br> Institutions Group<br>|

---

\*Principal business address is 150 N. Radnor-Chester Road, Radnor, PA 19087

\*\*Principal business address is 1301 South Harrison Street, Fort Wayne, IN 46802

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) N/A

**Item 35. Location of Accounts and Records**

This information is provided in the Registrant's most recent report on Form N-CEN.

**Item 36. Management Services**

Not applicable.

**Item 37. Fee Representation**

Lincoln Life represents that the fees and charges deducted under the policies, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Lincoln Life.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, Lincoln Life Flexible Premium Variable Life Account M, has duly caused this Post-Effective Amendment No. 3 to the Registration Statement on Form N-6 (File No. 333-276970; 811-08557; CIK: 0001048607) to be signed on its behalf by the undersigned duly authorized, in the City of Greensboro and State of North Carolina on the 22nd day of September, 2025 at 3:08 pm.

---

| | |
|:---|:---|
| **Lincoln Life Flexible Premium Variable Life Account M** | **Lincoln Life Flexible Premium Variable Life Account M** |
| **(Registrant)** | **(Registrant)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/Michael Hamilton |
| By | |
|  | Michael Hamilton |
|  | Vice President, Actuarial Management |
|  | The Lincoln National Life Insurance Company |
| **The Lincoln National Life Insurance Company** | **The Lincoln National Life Insurance Company** |
| **(Depositor)** | **(Depositor)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/Michael Hamilton |
| By | |
|  | Michael Hamilton |
|  | Vice President, Actuarial Management |

---

Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 3 to the Initial Registration Statement on Form N-6 (File No. 333-276970; 811-08557; CIK: 0001048607) has been signed below on September 22, 2025 at 3:03 pm, by the following persons, as officers and directors of the Depositor, in the capacities indicated:

---

| | |
|:---|:---|
| <u>Signature</u> | <u>Title</u> |
| <br> /s/Ellen G. Cooper\*<br> _____________________________<br> Ellen G. Cooper<br>| <br>President and Director |
| <br> /s/Christopher M. Neczypor\*<br> _____________________________<br> Christopher M. Neczypor<br>| <br>Executive Vice President, Chief Financial Officer and Director |
| /s/Craig T. Beazer\*<br> _____________________________<br> Craig T. Beazer<br>| <br>Executive Vice President, General Counsel and Director<br>|
| /s/Eric B. Wilmer\*<br> _____________________________<br> Eric B. Wilmer<br>| <br>Assistant Vice President and Director |
| <br> /s/Jayson R. Bronchetti\*<br> _____________________________<br> Jayson R. Bronchetti<br>| <br>Executive Vice President, Chief Investment Officer and Director<br>|
| /s/Adam M. Cohen\*<br> _____________________________<br> Adam M. Cohen<br>| <br>Senior Vice President, Chief Accounting Officer and Treasurer |

---

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/Brittany S. Speas |
| \* By | |
|  | Brittany S. Speas |
|  | Attorney-in-Fact, pursuant to a Power- |
|  | of-Attorney filed with this Registration Statement |

---

## Ex-99.B(N)(1)

Exhibit (n)(1)

Consent of Independent Registered Public Accounting Firm

We consent to the references to our firm under the caption "Independent Registered Public Accounting Firm" in the Prospectus and Statement of Additional Information, each dated April 10, 2025, and each incorporated by reference in this Post-Effective Amendment No. 3 to the Registration Statement (Form N-6, File No. 333-276970) of Lincoln Life Flexible Premium Variable Life Account M (the "Registration Statement"), dated September 26, 2025.

We also consent to the incorporation by reference of our reports (1) dated March 14, 2025, with respect to the consolidated financial statements of The Lincoln National Life Insurance Company and (2) dated April 2, 2025, with respect to the financial statements of each of the subaccounts within Lincoln Life Flexible Premium Variable Life Account M, for the year ended December 31, 2024, included in this Registration Statement, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

Philadelphia, Pennsylvania

September 26, 2025

## Ex-99.B(N)(2)

**Exhibit 99.B(n)(2)**

**POWER OF ATTORNEY**

We, the undersigned directors and/or officers of The Lincoln National Life Insurance Company, hereby constitute and appoint Delson R. Campbell, Kimberly A. Genovese, Daniel P. Herr, Michelle Grindle, Jeffrey L. Smith, Jassmin McIver-Jones, Rachel C. Fischer, Nadine Rosin, Brittany S. Speas and John D. Weber, individually, our true and lawful attorneys-in-fact, with full power to each of them to sign for us, in our names and in the capacities indicated below, any Registration Statements and any and all amendments to Registration Statements; including exhibits, or other documents filed on Forms N-6, N-4 or S-3 or any successors or amendments to these Forms, filed with the Securities and Exchange Commission, under the Securities Act of 1933 and/or Securities Act of 1940, on behalf of the Company in its own name or in the name of one of its Separate Accounts, hereby ratifying and confirming our signatures as they may be signed by any of our attorneys-in-fact to any such amendments to said Registration Statements as follows:

**Variable Life Insurance Separate Accounts:**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Account** | &nbsp;&nbsp;**Product name** |
| &nbsp;&nbsp;Lincoln Life Flexible Premium Variable Life Account D (811-04592) | &nbsp;&nbsp;Variable Universal Life Leadership Series |
| &nbsp;&nbsp;Lincoln Life Flexible Premium Variable Life Account F (811-05164) | &nbsp;&nbsp; American Legacy Life<br> American Legacy Estate Builder |
| &nbsp;&nbsp;Lincoln Life Flexible Premium Variable Life Account G (811-05585) | &nbsp;&nbsp;VUL-III |
| &nbsp;&nbsp;Lincoln Life Flexible Premium Variable Life Account J (811-08410) | &nbsp;&nbsp;American Legacy Variable Life |
| &nbsp;&nbsp;Lincoln Life Flexible Premium Variable Life Account K (811-08412) | &nbsp;&nbsp;Multi Fund Variable Life |
| &nbsp;&nbsp; Lincoln Life Flexible Premium Variable Life Account M (811-08557) | &nbsp;&nbsp; VULdb / VULdb ES<br> VULdb-II ES<br> VUL-I / VULcv<br> VULcv-II / VULcvII ES / VUL Flex<br> VULcv-III ES<br> MoneyGuard VUL<br> VULone ES / VULone 2005 ES<br> Momentum VULone / Momentum VULone 2005<br> VULcv-IV ES<br> VULdb-IV ES<br> Momentum VULone 2007<br> VULone 2007<br> AssetEdge VUL<br> AssetEdge VUL2015/AssetEdge Exec VUL 2015<br> VULone2012<br> VULone2014<br> InReach VULone2014<br> VULone2019<br> AssetEdge VUL2019/AssetEdge Exec VUL 2019<br> AssetEdge VUL2019-2/AssetEdge Exec VUL 2019-2<br> AssetEdge VUL2020/AssetEdge Exec VUL 202<br> AssetEdge VUL 2022/AssetEdge VUL 2022-2<br> AssetEdge VUL 2025/AssetEdge VUL 2025-2<br> MoneyGuard Market Advantage<br> VULone2021<br> LifeGoals VUL<br> MoneyGuard Market Advantage 2024 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Lincoln Life Flexible Premium Variable Life Account R (811-08579) | &nbsp;&nbsp; SVUL / SVUL-I<br> SVUL-II / SVUL-II ES<br> SVUL-III ES<br> SVUL-IV ES / PreservationEdge SVUL<br> SVULone ES<br> Momentum SVULone<br> SVULone 2007 ES<br> Momentum SVULone 2007<br> SVULone2013<br> SVULone2016<br> SVULone2019<br> SVULone2021<br> AssetEdge SVUL/AssetEdge SVUL – No Indexed Accounts |
| &nbsp;&nbsp;Lincoln Life Flexible Premium Variable Life Account S (811-09241) | &nbsp;&nbsp; CVUL / CVUL Series III / CVUL Series III ES<br> LCV4 ES<br> LCV5 ES / LCC VUL<br> Lincoln Corporate Executive VUL |
| &nbsp;&nbsp;Lincoln Life Flexible Premium Variable Life Account Y (811-21028) | &nbsp;&nbsp; American Legacy VULcv-III<br> American Legacy VULdb-II<br> American Legacy SVUL-II<br> American Legacy SVUL-III<br> American Legacy VULcv-IV<br> American Legacy VULdb-IV<br> American Legacy SVUL-IV/PreservationEdge SVUL<br> American Legacy AssetEdge |
| &nbsp;&nbsp;Lincoln Life Flexible Premium Variable Life Account JF-A | &nbsp;&nbsp; Ensemble II<br> Ensemble III<br> Ensemble Exec 2006<br> Ensemble Exec<br> Ensemble 1<br> Ensemble Accumulator<br> Ensemble Protector |
| &nbsp;&nbsp;Lincoln Life Flexible Premium Variable Life Account JF-C | &nbsp;&nbsp; Ensemble SL<br> Ensemble SVUL |

---

**Variable Annuity Separate Accounts:**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Account** | &nbsp;&nbsp;**Product name** |
| &nbsp;&nbsp;Lincoln National Variable Annuity Account C (811-03214) | &nbsp;&nbsp; Multi-Fund<br> Multi-Fund Select<br> Multi-Fund 5 Retirement Annuity<br> Lincoln PathBuilder Income® IRA |
| &nbsp;&nbsp;Lincoln National Variable Annuity Account E (811-04882) | &nbsp;&nbsp;The American Legacy |
| &nbsp;&nbsp;Lincoln National Variable Annuity Account H (811-05721) | &nbsp;&nbsp; American Legacy II<br> American Legacy III<br> American Legacy III B Class<br> American Legacy III C Share<br> American Legacy III Plus<br> American Legacy III View<br> American Legacy Design<br> American Legacy Signature<br> American Legacy Fusion<br> American Legacy Series<br> American Legacy Advisory<br> American Legacy Target Date Income B Share<br> American Legacy Target Date Income Advisory<br> Shareholder's Advantage<br> Shareholder's Advantage A Class<br> Shareholder's Advantage purchased on and after May 21, 2018 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Lincoln National Variable Annuity Account L (811-07645) | &nbsp;&nbsp; Group Variable Annuity<br> Lincoln PathBuilder Income Version 1<br> Lincoln PathBuilder Income Version 2<br> Lincoln PathBuilder Income Version 3<br> Lincoln PathBuilder Income Version 4<br> Retirement Income Rollover Version 1<br> Retirement Income Rollover Version 2<br> Retirement Income Rollover Version 3<br> Retirement Income Rollover Version 4 |
| &nbsp;&nbsp;Lincoln Life Variable Annuity Account N (811-08517) | &nbsp;&nbsp; ChoicePlus Assurance (A Share)<br> ChoicePlus Assurance (A Class)<br> ChoicePlus Assurance (B Share)<br> ChoicePlus Assurance (B Class)<br> ChoicePlus Assurance (C Share)<br> ChoicePlus Assurance (L Share)<br> ChoicePlus Assurance (Bonus)<br> Choice Plus<br> Choice Plus II<br> ChoicePlus Access<br> ChoicePlus II Access<br> ChoicePlus Bonus<br> ChoicePlus II Bonus |
|  | &nbsp;&nbsp; ChoicePlus II Advance<br> ChoicePlus Design<br> ChoicePlus Signature<br> ChoicePlus Rollover<br> ChoicePlus Fusion<br> ChoicePlus Series<br> ChoicePlus Prime<br> ChoicePlus Advisory<br> ChoicePlus Select B-Share<br> InvestmentSolutions<br> InvestmentSolutions RIA<br> Lincoln Investor Advantage<br> Lincoln Invester Advantage 2018<br> Lincoln Invester Advantage Pro<br> Lincoln Investor Advantage Fee-Based<br> Lincoln Investor Advantage RIA<br> Lincoln Investor Advantage Advisory<br> Lincoln Investor Advantage Pro Advisory<br> Lincoln Investor Advantage RIA Class<br> Lincoln Investor Advantage Advisory Choice<br> Lincoln Investor Advantage Pro Advisory Choice<br> Lincoln Level Advantage B Share Indexed Variable Annuity<br> Lincoln Level Advantage Advisory Indexed Variable Annuity<br> Lincoln Level Advantage B Class Indexed Variable Annuity<br> Lincoln Level Advantage Advisory Class Indexed Variable Annuity<br> Lincoln Level Advantage Fee-Based Indexed Variable Annuity<br> Lincoln Level Advantage Select B-Share Indexed Variable Annuity<br> Lincoln Level Advantage Design B-Share Indexed Variable Annuity<br> Lincoln Level Advantage Design Advisory Indexed Variable Annuity<br> Lincoln Level Advantage Access Indexed Variable Annuity<br> Core Income |
| &nbsp;&nbsp;Lincoln Life Variable Annuity Account Q (811-08569) | &nbsp;&nbsp;Multi-Fund Group |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;The Lincoln National Life Insurance Company N-4 Registration Statement | &nbsp;&nbsp; Lincoln Level Advantage B Share Indexed Variable Annuity<br> Lincoln Level Advantage Advisory Indexed Variable Annuity<br> Lincoln Level Advantage B Class Indexed Variable Annuity<br> Lincoln Level Advantage Advisory Class Indexed Variable Annuity<br> Lincoln Level Advantage Select B Share Indexed Variable Annuity<br> Lincoln Level Advantage Design B-Share Indexed Variable Annuity<br> Lincoln Level Advantage Design Advisory Indexed Variable Annuity<br> Lincoln Level Advantage Access Indexed Variable Annuity<br> Lincoln Level Advantage 2 B Share Index-Linked Annuity<br> Lincoln Level Advantage 2 Advisory Index-Linked Annuity<br> Lincoln Level Advantage 2 Advisory Class Index-Linked Annuity<br> Lincoln Level Advantage 2 B Class Index-Linked Annuity<br> Lincoln Level Advantage 2 Access Index-Linked Annuity<br> Lincoln Level Advantage 2 Advisory Select Index-Linked Annuity<br> Lincoln Level Advantage 2 Income B-Share Index-Linked Annuity<br> Lincoln Level Advantage 2 Income Access Index-Linked Annuity<br> Lincoln Level Advantage 2 Income Advisory Index-Linked Annuity<br> Lincoln Level Advantage 2 Income Advisory Select Index-Linked Annuity |

---

Except as otherwise specifically provided herein, the power-of-attorney granted herein shall not in any manner revoke in whole or in part any power-of-attorney that each person whose signature appears below has previously executed. This power-of-attorney shall not be revoked by any subsequent power-of-attorney each person whose signature appears below may execute, unless such subsequent power specifically refers to this power-of-attorney or specifically states that the instrument is intended to revoke all prior general powers-of-attorney or all prior powers-of-attorney.

This Power-of-Attorney may be executed in separate counterparts each of which when executed and delivered shall be an original; but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a number of copies, each signed by less than all, but together signed by all, of the undersigned.

---

| | |
|:---|:---|
| <u>Signature</u> | <u>Title</u> |
| /s/Ellen G. Cooper |  |
| Ellen G. Cooper | President and Director |
| Signed electronically on July 14, 2025 at 6:35 pm |  |
| /s/Christopher M. Neczypor |  |
| Christopher M. Neczypor | Executive Vice President, Chief Financial Officer and Director |
| Signed electronically on July 14, 2025 at 9:34 am |  |

---

---

| | |
|:---|:---|
| /s/Craig T. Beazer |  |
| Craig T. Beazer | Executive Vice President, General Counsel and Director |
| Signed electronically on July 16, 2025 at 7:46 am |  |
| /s/Eric B. Wilmer |  |
| Eric B. Wilmer | Assistant Vice President and Director |
| Signed electronically on July 14, 2025 at 8:39 am |  |
| /s/Jayson R. Bronchetti |  |
| Jayson R. Bronchetti | Executive Vice President, Chief Investment Officer and Director |
| Signed electronically on July 15, 2025 at 6:31 am |  |
| /s/Adam M. Cohen |  |
| Adam M. Cohen | Senior Vice President, Chief Accounting Officer and Treasurer |
| Signed electronically on July 15, 2025 at 11:37 am |  |

---

We, Delson R. Campbell, Kimberly A. Genovese, Daniel P. Herr, Michelle Grindle, Jeffrey L. Smith, Jassmin McIver-Jones, Rachel C. Fischer, Nadine Rosin, Brittany Speas and John D. Weber, have read the foregoing Power of Attorney. We are the person(s) identified therein as agent(s) for the principal named therein. We acknowledge our legal responsibilities.

---

| | |
|:---|:---|
| /s/Delson R. Campbell | /s/Rachel C. Fischer |
| Delson R. Campbell | Rachel C. Fischer |
| Signed electronically on July 14, 2025 at 8:29 am | Signed electronically on July 14, 2025 at 10:04 am |
| /s/Kimberly A. Genovese | /s/Daniel P. Herr |
| Kimberly A. Genovese | Daniel P. Herr |
| Signed electronically on July 14, 2025 at 8:07 am | Signed electronically on July 14, 2025 at 8:40 am |
| /s/Nadine Rosin | /s/Michelle Grindle |
| Nadine Rosin | Michelle Grindle |
| Signed electronically on July 15, 2025 at 8:20 am | Signed electronically on July 21, 2025 at 10:18 am |
| /s/Jeffrey L. Smith | /s/John D. Weber |
| Jeffrey L. Smith | John D. Weber |
| Signed electronically on July 14, 2025 at 9:58 am | Signed electronically on July 14, 2025 at 8:23 am |
| /s/Jassmin McIver-Jones | /s/Brittany S. Speas |
| Jassmin McIver-Jones | Brittany S. Speas |
| Signed electronically on July 14, 2025 at 9:48 am | Signed electronically on July 14, 2025 at 8:17 am |

---

Version dated: July 2025