# EDGAR Filing Document

**Accession Number:** 0000726865
**File Stem:** 0000726865-25-000946
**Filing Date:** 2025-9
**Character Count:** 12940
**Document Hash:** 2e71dda50d895fdde3436623f6502a26
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000726865-25-000946.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0000726865-25-000946

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250924

**EFFECTIVENESS DATE**: 20250924

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINCOLN NATIONAL LIFE INSURANCE CO /IN/
- **CENTRAL INDEX KEY:** 0000726865
- **STANDARD INDUSTRIAL CLASSIFICATION:** LIFE INSURANCE [6311]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 350472300
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-287294
- **FILM NUMBER:** 251338343

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802
- **BUSINESS PHONE:** 2604552000

**MAIL ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802

## Series and Classes Contracts Data

### LINCOLN NATIONAL LIFE INSURANCE CO /IN/ (Series ID: S000090820)

---

|  |  |
|:---|:---|
| Class Name                                | Class ID   |
| Lincoln Level Advantage 2 Income Advisory | C000262476 |

---

## Series and Classes Contracts Data

### LINCOLN NATIONAL LIFE INSURANCE CO /IN/ (Series ID: S000090820)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000262476 | Lincoln Level Advantage 2 Income Advisory |  |

**The Lincoln National Life Insurance Company**

*Lincoln Level Advantage 2 Income*<sup>SM</sup> Advisory

**Rate Sheet Prospectus Supplement dated September 24, 2025**

This Rate Sheet Prospectus Supplement ("Rate Sheet") provides the rates and percentages for *Lincoln ProtectedPay*<sup>®</sup> Select and *Estate Lock*<sup>SM</sup>. This Rate Sheet must be retained with the current prospectus.

**The rates below apply for applications signed on or after September 24, 2025.** 

**The rates in this Rate Sheet can be superseded at any time.** In the event we change our rates, the new rate sheet will become effective at least 10 days after it is filed.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.

**Fees, Expenses, and Adjustments** 

---

| | | |
|:---|:---|:---|
| **Annual Fee** | **Minimum** | **Maximum** |
| **Base Contract** | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A |
| **Investment options (fund fees and expenses)** | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A |
| **Optional benefits available for an additional charge (for a** <br> **single optional benefit, if elected)**<br>| &nbsp;&nbsp; 1.00%<sup>1</sup> <br>| &nbsp;&nbsp; 2.75%<sup>2</sup> <br>|
| <sup>1</sup> As a percentage of average Contract Value.  | <sup>1</sup> As a percentage of average Contract Value.  | <sup>1</sup> As a percentage of average Contract Value.  |
| <sup>2</sup> As an annualized percentage of the Purchase Payment.  | <sup>2</sup> As an annualized percentage of the Purchase Payment.  | <sup>2</sup> As an annualized percentage of the Purchase Payment.  |
| **Lowest Annual Cost: $1,360** | **Highest Annual Cost: $3,180** | **Highest Annual Cost: $3,180** |
| Assumes: | Assumes: | Assumes: |
| ●Investment of $100,000<br> ●5% annual appreciation <br> ●Least expensive combination of optional benefits<br> ●No sales charges or advisory fees<br> ●No additional Purchase Payments, transfers, or withdrawals | ●Investment of $100,000<br> ●5% annual appreciation<br> ●Most expensive combination of optional benefits <br> ●No sales charges or advisory fees<br> ●No additional Purchase Payments, transfers, or withdrawals | ●Investment of $100,000<br> ●5% annual appreciation<br> ●Most expensive combination of optional benefits <br> ●No sales charges or advisory fees<br> ●No additional Purchase Payments, transfers, or withdrawals |

---

**Current Initial Annual Charges** 

---

| | | |
|:---|:---|:---|
|  | **Single Life Option** | **Joint Life Option** |
| *Estate Lock*<sup>SM</sup> Death Benefit Charge Rate  | 0.45% | 0.45% |
| *Lincoln ProtectedPay*<sup>®</sup> Select Fee Rate | 1.45% | 1.55% |

---

**Protected Annual Income Rates for *Lincoln ProtectedPay***<sup>®</sup> **Select and *Lincoln ProtectedPay***<sup>®</sup> **Select and *Estate Lock***<sup>SM</sup>

The initial Protected Annual Income rate is established when you elect the rider. This initial income rate is based on your age (younger of you and your spouse under the joint life option). The Deferral Bonus accrued during the Growth Phase of the rider added to the initial income rate equals your Protected Annual Income rate on the start date of the Income Phase.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Joint Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Joint Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Joint Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Joint Life Rate** |
| **Age** | **Rate** | **Age** | **Rate** | **Age** | **Rate** | **Age** | **Rate** |
| 45 | 4.00% | 66 | 6.10% | 45 | 3.50% | 66 | 5.60% |
| 46 | 4.10% | 67 | 6.20% | 46 | 3.60% | 67 | 5.70% |
| 47 | 4.20% | 68 | 6.30% | 47 | 3.70% | 68 | 5.80% |
| 48 | 4.30% | 69 | 6.40% | 48 | 3.80% | 69 | 5.90% |
| 49 | 4.40% | 70 | 6.50% | 49 | 3.90% | 70 | 6.00% |
| 50 | 4.50% | 71 | 6.60% | 50 | 4.00% | 71 | 6.10% |
| 51 | 4.60% | 72 | 6.70% | 51 | 4.10% | 72 | 6.20% |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Joint Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Joint Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Joint Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Joint Life Rate** |
| **Age** | **Rate** | **Age** | **Rate** | **Age** | **Rate** | **Age** | **Rate** |
| 52 | 4.70% | 73 | 6.80% | 52 | 4.20% | 73 | 6.30% |
| 53 | 4.80% | 74 | 6.90% | 53 | 4.30% | 74 | 6.40% |
| 54 | 4.90% | 75 | 7.00% | 54 | 4.40% | 75 | 6.50% |
| 55 | 5.00% | 76 | 7.10% | 55 | 4.50% | 76 | 6.60% |
| 56 | 5.10% | 77 | 7.20% | 56 | 4.60% | 77 | 6.70% |
| 57 | 5.20% | 78 | 7.30% | 57 | 4.70% | 78 | 6.80% |
| 58 | 5.30% | 79 | 7.40% | 58 | 4.80% | 79 | 6.90% |
| 59 | 5.40% | 80 | 7.50% | 59 | 4.90% | 80 | 7.00% |
| 60 | 5.50% | 81 | 7.60% | 60 | 5.00% | 81 | 7.10% |
| 61 | 5.60% | 82 | 7.70% | 61 | 5.10% | 82 | 7.20% |
| 62 | 5.70% | 83 | 7.80% | 62 | 5.20% | 83 | 7.30% |
| 63 | 5.80% | 84 | 7.90% | 63 | 5.30% | 84 | 7.40% |
| 64 | 5.90% | 85 | 8.00% | 64 | 5.40% | 85 | 7.50% |
| 65 | 6.00% |  |  | 65 | 5.50% |  |  |

---

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

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select and *Estate Lock***<sup>SM</sup> <br>**Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select and *Estate Lock***<sup>SM</sup> <br>**Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select and *Estate Lock***<sup>SM</sup> <br>**Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select and *Estate Lock***<sup>SM</sup> <br>**Single Life Rate** |
| **Age** | **Rate** | **Age** | **Rate** |
| 45 | 3.50% | 61 | 5.10% |
| 46 | 3.60% | 62 | 5.20% |
| 47 | 3.70% | 63 | 5.30% |
| 48 | 3.80% | 64 | 5.40% |
| 49 | 3.90% | 65 | 5.50% |
| 50 | 4.00% | 66 | 5.60% |
| 51 | 4.10% | 67 | 5.70% |
| 52 | 4.20% | 68 | 5.80% |
| 53 | 4.30% | 69 | 5.90% |
| 54 | 4.40% | 70 | 6.00% |
| 55 | 4.50% | 71 | 6.10% |
| 56 | 4.60% | 72 | 6.20% |
| 57 | 4.70% | 73 | 6.30% |
| 58 | 4.80% | 74 | 6.40% |
| 59 | 4.90% | 75 | 6.50% |
| 60 | 5.00% |  |  |

---

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**Deferral Bonus Rates**

**The Deferral Bonus rate is established at the time the Contract is issued and will not change. The rate is based on your age (younger of you and your spouse under the joint life option). Each Benefit Year, the Deferral Bonus is added to the Protected Annual Income rate.** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Joint Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Joint Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Joint Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select**<br> **Joint Life Rate** |
| **Age** | **Rate** | **Age** | **Rate** | **Age** | **Rate** | **Age** | **Rate** |
| 45 | 0.20% | 66 | 0.40% | 45 | 0.20% | 66 | 0.40% |
| 46 | 0.20% | 67 | 0.40% | 46 | 0.20% | 67 | 0.40% |
| 47 | 0.20% | 68 | 0.40% | 47 | 0.20% | 68 | 0.40% |
| 48 | 0.20% | 69 | 0.40% | 48 | 0.20% | 69 | 0.40% |
| 49 | 0.20% | 70 | 0.45% | 49 | 0.20% | 70 | 0.45% |
| 50 | 0.25% | 71 | 0.45% | 50 | 0.25% | 71 | 0.45% |
| 51 | 0.25% | 72 | 0.45% | 51 | 0.25% | 72 | 0.45% |
| 52 | 0.25% | 73 | 0.45% | 52 | 0.25% | 73 | 0.45% |
| 53 | 0.25% | 74 | 0.45% | 53 | 0.25% | 74 | 0.45% |
| 54 | 0.25% | 75 | 0.50% | 54 | 0.25% | 75 | 0.50% |
| 55 | 0.30% | 76 | 0.50% | 55 | 0.30% | 76 | 0.50% |
| 56 | 0.30% | 77 | 0.50% | 56 | 0.30% | 77 | 0.50% |
| 57 | 0.30% | 78 | 0.50% | 57 | 0.30% | 78 | 0.50% |
| 58 | 0.30% | 79 | 0.50% | 58 | 0.30% | 79 | 0.50% |
| 59 | 0.30% | 80 | 0.55% | 59 | 0.30% | 80 | 0.55% |
| 60 | 0.35% | 81 | 0.55% | 60 | 0.35% | 81 | 0.55% |
| 61 | 0.35% | 82 | 0.55% | 61 | 0.35% | 82 | 0.55% |
| 62 | 0.35% | 83 | 0.55% | 62 | 0.35% | 83 | 0.55% |
| 63 | 0.35% | 84 | 0.55% | 63 | 0.35% | 84 | 0.55% |
| 64 | 0.35% | 85 | 0.60% | 64 | 0.35% | 85 | 0.60% |
| 65 | 0.40% |  |  | 65 | 0.40% |  |  |

---

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

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select and *Estate Lock***<sup>SM</sup> <br>**Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select and *Estate Lock***<sup>SM</sup> <br>**Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select and *Estate Lock***<sup>SM</sup> <br>**Single Life Rate** | &nbsp;&nbsp; ***Lincoln ProtectedPay***<sup>®</sup> **Select and *Estate Lock***<sup>SM</sup> <br>**Single Life Rate** |
| **Age** | **Rate** | **Age** | **Rate** |
| 45 | 0.15% | 61 | 0.30% |
| 46 | 0.15% | 62 | 0.30% |
| 47 | 0.15% | 63 | 0.30% |
| 48 | 0.15% | 64 | 0.30% |
| 49 | 0.15% | 65 | 0.35% |
| 50 | 0.20% | 66 | 0.35% |
| 51 | 0.20% | 67 | 0.35% |
| 52 | 0.20% | 68 | 0.35% |
| 53 | 0.20% | 69 | 0.35% |
| 54 | 0.20% | 70 | 0.40% |
| 55 | 0.25% | 71 | 0.40% |
| 56 | 0.25% | 72 | 0.40% |
| 57 | 0.25% | 73 | 0.40% |
| 58 | 0.25% | 74 | 0.40% |
| 59 | 0.25% | 75 | 0.45% |
| 60 | 0.30% |  |  |

---

In order to receive the rates indicated in this Rate Sheet, your application must be signed on and after September 24, 2025. We must receive your application in Good Order within 10 days from the date you sign your application, and the annuity must be funded within 45 calendar days. Good Order means the actual receipt by Lincoln at its Home Office of the requested transaction in writing, or by

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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.

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