# EDGAR Filing Document

**Accession Number:** 0001257734
**File Stem:** 0001257734-25-000003
**Filing Date:** 2025-12
**Character Count:** 35041
**Document Hash:** ee317d1329744f1fe2a0beb8a394c231
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001257734-25-000003.hdr.sgml**: 20251210

**ACCESSION NUMBER**: 0001257734-25-000003

**CONFORMED SUBMISSION TYPE**: D

**PUBLIC DOCUMENT COUNT**: 1

**ITEM INFORMATION**: Investment Company Act Section 3(c)

**ITEM INFORMATION**: Section 3(c)(1)

**ITEM INFORMATION**: Section 3(c)(7)

**FILED AS OF DATE**: 20251210

**DATE AS OF CHANGE**: 20251210

**EFFECTIVENESS DATE**: 20251210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINCOLN LIFE FLEXIBLE PREMIUM VARIABLE LIFE ACCOUNT Z
- **CENTRAL INDEX KEY:** 0001257734

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

**FILING VALUES:**
- **FORM TYPE:** D
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 021-566383
- **FILM NUMBER:** 251561601

**MAIL ADDRESS:**
- **STREET 1:** 1300 S CLINTON ST
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM D

### Notice of Exempt Offering of Securities

### 1. Issuer's Identity

**CIK (Filer ID Number):** 0001257734

**Name of Issuer:** LINCOLN LIFE FLEXIBLE PREMIUM VARIABLE LIFE ACCOUNT Z

**Jurisdiction of Incorporation/Organization:** INDIANA

**Previous Names:** None

**Year of Incorporation/Organization**

- [x] Over Five Years Ago

- [ ] Within Last Five Years (Specify Year)

- [ ] Yet to Be Formed

**Entity Type**

- [ ] Corporation

- [ ] Limited Partnership

- [ ] Limited Liability Company

- [ ] General Partnership

- [ ] Business Trust

- [x] Other (Insurance Company Separate Account)

### 2. Principal Place of Business and Contact Information

**Name of Issuer:** LINCOLN LIFE FLEXIBLE PREMIUM VARIABLE LIFE ACCOUNT Z

**Street Address 1:** 1300 South Clinton Street

**City:** Fort Wayne

**State/Province/Country:** IN

**ZIP/Postal Code:** 46802

**Phone Number of Issuer:** 1-800-454-6265

### 3. Related Persons

| Last Name   | First Name    | Street Address 1              | City       | State   |   ZIP/Postal Code | Relationship                                          | Clarification of Response   |
|:---|:---|:---|:---|:---|---:|:---|:---|
| Cooper      | Ellen         | 150 North Radnor Chester Road | Radnor     | PA      |             19087 | [x] Executive Officer<br>[x] Director<br>[ ] Promoter |  |
| Beizer      | Craig         | 150 North Radnor Chester Road | Radnor     | PA      |             19087 | [x] Executive Officer<br>[x] Director<br>[ ] Promoter |  |
| Neczypor    | Christopher M | 150 North Radnor Chester Road | Radnor     | PA      |             19087 | [x] Executive Officer<br>[x] Director<br>[ ] Promoter |  |
| Wilmer      | Eric B        | 1300 South Clinton Street     | Fort Wayne | IN      |             46802 | [ ] Executive Officer<br>[x] Director<br>[ ] Promoter |  |
| Morriss     | John G        | 150 North Radnor Chester Road | Radnor     | PA      |             19087 | [x] Executive Officer<br>[x] Director<br>[ ] Promoter |  |

### 4. Industry Group

| | | |
|:---|:---|:---|
| [ ] Agriculture | [ ] Health Care | [ ] Retailing |
| [ ] Banking & Financial Services | [ ] Biotechnology | [ ] Restaurants |
|   [ ] Commercial Banking | [ ] Health Insurance | [ ] Technology |
|   [x] Insurance | [ ] Hospitals & Physicians |   [ ] Computers |
|   [ ] Investing | [ ] Pharmaceuticals |   [ ] Telecommunications |
|   [ ] Investment Banking | [ ] Other Health Care |   [ ] Other Technology |
|   [ ] Pooled Investment Fund | [ ] Manufacturing | [ ] Travel |
|     [ ] Hedge Fund | [ ] Real Estate |   [ ] Airlines & Airports |
|     [ ] Private Equity Fund |   [ ] Commercial |   [ ] Lodging & Conventions |
|     [ ] Venture Capital Fund |   [ ] Construction |   [ ] Tourism & Travel Services |
|     [ ] Other Investment Fund |   [ ] REITS & Finance |   [ ] Other Travel |
|   Is the issuer registered as an investment company? <br>  [ ] Yes [ ] No |   [ ] Residential | [ ] Other |
|   [ ] Other Banking & Financial Services |   [ ] Other Real Estate |  |
| [ ] Business Services |  |  |
| [ ] Energy |  |  |
|   [ ] Coal Mining |  |  |
|   [ ] Electric Utilities |  |  |
|   [ ] Energy Conservation |  |  |
|   [ ] Environmental Services |  |  |
|   [ ] Oil & Gas |  |  |
|   [ ] Other Energy |  |  |

### 5. Issuer Size

| **Revenue Range** | **OR** | **Aggregate Net Asset Value Range** |
|:---|:---:|:---|
| [ ] No Revenues | | [ ] No Aggregate Net Asset Value |
| [ ] $1 - $1,000,000 | | [ ] $1 - $5,000,000 |
| [ ] $1,000,001 - $5,000,000 | | [ ] $5,000,001 - $25,000,000 |
| [ ] $5,000,001 - $25,000,000 | | [ ] $25,000,001 - $50,000,000 |
| [ ] $25,000,001 - $100,000,000 | | [ ] $50,000,001 - $100,000,000 |
| [ ] Over $100,000,000 | | [ ] Over $100,000,000 |
| [x] Decline to Disclose | | [ ] Decline to Disclose |
| [ ] Not Applicable | | [ ] Not Applicable |

### 6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

| | | |
|:---|:---|:---|
| [ ] Rule 504(b)(1) (not (i), (ii) or (iii)) | [x] Investment Company Act Section 3(c) |  |
| [ ] Rule 504(b)(1)(i) |   [x] Section 3(c)(1) |  |
| [ ] Rule 504(b)(1)(ii) |   [ ] Section 3(c)(2) |   [ ] Section 3(c)(9) |
| [ ] Rule 504(b)(1)(iii) |   [ ] Section 3(c)(3) |   [ ] Section 3(c)(10) |
| [ ] Rule 506(b) |   [ ] Section 3(c)(4) |   [ ] Section 3(c)(11) |
| [ ] Rule 506(c) |   [ ] Section 3(c)(5) |   [ ] Section 3(c)(12) |
| [ ] Securities Act Section 4(5) |   [ ] Section 3(c)(6) |   [ ] Section 3(c)(13) |
|  |   [x] Section 3(c)(7) |   [ ] Section 3(c)(14) |

### 7. Type of Filing

**New Notice:** [x] **Date of First Sale:** 2007-02-01

**Amendment:** [ ]

### 8. Duration of Offering

Does the issuer intend this offering to last more than one year? [x] Yes [ ] No

### 9. Type(s) of Securities Offered

- [ ] Equity
- [ ] Debt
- [ ] Option, Warrant or Other Right to Acquire Another Security
- [ ] Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security
- [x] Pooled Investment Fund Interests
- [ ] Tenant-in-Common Securities
- [ ] Mineral Property Securities
- [x] Other (Interest in Separate Account issued pursuant to variable life insurance policies.)

### 10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? [ ] Yes [x] No

### 11. Minimum Investment
**Minimum investment accepted from any outside investor:** $1000000 USD

### 12. Sales Compensation

| Recipient Name             |   Recipient CRD Number | Associated BD Name                            |   Associated BD CRD Number | Street 1                          | Street 2                       | City              | State   | ZIP Code   | States of Solicitation   | Foreign Solicitation   |
|:---|---:|:---|---:|:---|:---|:---|:---|:---|:---|:---|
| Andrew P. Kraus            |                2180309 | Merrill Lynch                                 |                       7691 | 4800 Deer Lake Drive              |  | Jacksonville      | FL      | 32246      |  | [ ]                    |
| William E. Schantz II      |                1923047 | M. Holdings Securities, Inc.                  |                      43285 | 205 S. E. Spokane Street          |  | Portland          | OR      | 97202-6413 |  | [ ]                    |
| William J. Folan           |                1881520 | Executive Services Securities, Inc.           |                      25299 | 3445 Peachtreet Road NE           |  | Atlanta           | GA      | 30326-1156 |  | [ ]                    |
| Raymond Vandegrift, Sr     |                4384430 | AXA Advisors, LLC                             |                       6627 | 40 Monument Road                  |  | Bala Cynwyd       | PA      | 19004      |  | [ ]                    |
| Jimmy Edwards              |                4342552 | M. Holdings Securities, Inc.                  |                      43285 | 205 S. E. Spokane Street          |  | Portland          | OR      | 97202      |  | [ ]                    |
| Brian J. Burns             |                1548913 | Morgan Stanley DW Inc                         |                     149777 | Harborside Fincl. Center Plaza II | 34 Exchange Pl. Fl. 7          | Jersey City       | NJ      | 07311      |  | [ ]                    |
| Michael D. Marchiano       |                4663748 | Morgan Stanley DW Inc.                        |                     149777 | Harborside Fincl. Center Plaza II | 34 Exchange Pl. Fl. 7          | Jersey City       | NJ      | 07311      |  | [ ]                    |
| Eric Wittenmyer            |                2409548 | AON Executive Benefits, Inc.                  |                       4138 | 365 Piedmont Road NE              | One Piedmont Center, Suite 600 | Atlanta           | GA      | 30305      |  | [ ]                    |
| Peter T. Scott             |                4013005 | MMA Securities                                |                      44254 | Eight Tower Bridge                | Ste. 1200                      | Conshohocken      | PA      | 19428      |  | [ ]                    |
| Michael D. Shannon         |                1314743 | The Newport Group, Inc.                       |                      29722 | 300 International Parkway         | Suite 270                      | Heathrow          | FL      | 32746      |  | [ ]                    |
| Charles Steinberg          |                1624429 | Aon Consulting, Inc.                          |                       4138 | 3565 Piedmont Road                | NE. Bldg. 1 Ste. 600           | Atlanta           | GA      | 30335      |  | [ ]                    |
| Randall Craig Long         |                1147693 | Cetera Advisors LLC                           |                      10299 | 35980 Woodward Avenue             | Suite 300                      | Bloomfield Hills  | MI      | 48304      |  | [ ]                    |
| William R. Holton          |                1034277 | Northwestern Mutual Investment Services       |                       2881 | 611 E. Wisconsin Avenue           | E131                           | Milwaukee         | WI      | 53202      |  | [ ]                    |
| John Teti                  |                1018336 | AXA Advisors                                  |                       6627 | Belmont Avenue                    | Ste 1100                       | Bala Cynwyd       | PA      | 19004      |  | [ ]                    |
| George V. Blaha            |                1611833 | Northwestern Mutual Investment Services       |                       2881 | 611 E. Wisconsin Avenue           | E131                           | Milwaukee         | WI      | 53202      |  | [ ]                    |
| Bruce Hamilton Brownwell   |                1779959 | Lion Street Financial                         |                     165828 | 216 Clatter Bridge Road           |  | Ponte Vedra Beach | FL      | 32081      |  | [ ]                    |
| Brian Donofry              |                2820997 | Kestra Investments                            |                      42046 | 2600 Kelly Road                   | Ste. 210                       | Warrington        | PA      | 18976      |  | [ ]                    |
| James S Bosely             |                4498362 | M. Holdings Securities Inc.                   |                      43285 | 205 Spokane Street                |  | Portland          | OR      | 97202      |  | [ ]                    |
| Nick Della Vedova          |                2884873 | NFP Securities                                |                      42046 | 1250 Capital Texas Pkwy           | Suite 2125                     | Austin            | TX      | 78746      |  | [ ]                    |
| Robert C. Whittington      |                2661019 | UBS Financial Services                        |                       8174 | 1000 Harbor Blvd.                 | 7th Floor                      | Weehawken         | NJ      | 07070      |  | [ ]                    |
| Gary Block                 |                1666471 | Triad Advisors                                |                      25803 | 4000 Midlantic Drive              | Ste. 300                       | Mount Laurel      | NJ      | 08054      |  | [ ]                    |
| Gavin E. Blaha             |                6305001 | Northwestern Mutual Investments Services, LLC |                       2881 | 25125 Detroit Road                | Suite 150                      | Westlake          | OH      | 44145      |  | [ ]                    |
| Trent Sanden               |                2877664 | UBS Financial Services                        |                       8174 | 925 4th Avenue                    | 31st & 32nd Floor              | Seattle           | WA      | 98104      |  | [ ]                    |
| John M. Nash               |                2710517 | Merrill Lynch                                 |                       7691 | 4800 Deer Lake Dr.                |  | E. Jacksonville   | FL      | 32246      |  | [ ]                    |
| Maurice Storch             |                2555824 | Merrill Lynch                                 |                       7691 | 4800 Deer Lake                    |  | E. Jacksonville   | FL      | 32246      |  | [ ]                    |
| Andrew Wilshinsky          |                2153192 | Morgan Stanley                                |                     149777 | One Penn Plaz                     | 43rd floor                     | New York          | NY      | 10119      |  | [ ]                    |
| Scott Lane                 |                1909638 | Northwester Mutual Investment Services        |                       2881 | 611 E. Wisconsin Ave              | E131                           | Milwaukee         | WI      | 53202      |  | [ ]                    |
| Shawn Hintz                |                2626246 | UBS Financial Services                        |                       8174 | 925 4th Avenue                    | 31 & 32 Floor                  | Seattle           | WA      | 98104      |  | [ ]                    |
| Joseph Notarfrancesco      |                6006136 | Morgan Stanley                                |                     149777 | One Penn Plaza                    | 43rd Floor                     | New York          | NY      | 10119      |  | [ ]                    |
| Christian Penland          |                6473295 | VOYA Financial Partners LLC                   |                      34815 | One Orange Way                    |  | Windsor           | CT      | 06095      |  | [ ]                    |
| Adam C. Monson             |                6037491 | Valmark Securities, Inc                       |                      31243 | 600 36th Street                   |  | Newport Beach     | CA      | 92663      |  | [ ]                    |
| Andrew P. Arigo            |                2949837 | Newport Group Securities, Inc.                |                      29722 | 300 International Parkway         | Suite 270                      | Heathrow          | FL      | 32746      |  | [ ]                    |
| LeeAnn Swider              |                2839832 | Ascensus Broker Dealer Services               |                      36478 | 300 Primera Blvd.                 | STE 200                        | Lake Mary         | FL      | 32746      |  | [ ]                    |
| Corby N. Dall              |                2060321 | Linsco/Private Ledger                         |                       6413 | 97885 Towne Centre Drive          |  | San Diego         | CA      | 92121-1968 |  | [ ]                    |
| Bryant Kirk                |                1049653 | Capacuity Securities, Inc.                    |                      15384 | 300 International Parkway         | Ste. 350                       | Lake Mary         | FL      | 32746      |  | [ ]                    |
| Phillip L. Currie, Jr.     |                1942867 | Valmark Securities                            |                      31243 | 130 Springside Drive              | Number 300                     | Akron             | OH      | 44333      |  | [ ]                    |
| Rhonda Miller              |                2817273 | M. Holdings Securities, Inc.                  |                      43285 | 205 S.E. Spokane Street           |  | Portland          | OR      | 97202-6413 |  | [ ]                    |
| Mihir Patel                |                4587238 | Morgan Stanley                                |                     149777 | One Penn Plaza                    | 43rd Floor                     | New York          | NY      | 10119      |  | [ ]                    |
| Eric Wilson Bailey         |                2327900 | Capfinancial Securities                       |                     126291 | 4208 Six Forks Road               | Ste. 1700                      | Raleigh           | NC      | 27609      |  | [ ]                    |
| Brian M. Sharkey           |                1623328 | AXA Advisors                                  |                       6627 | 40 Monument Road                  |  | Bala Cynwyd       | PA      | 19004      |  | [ ]                    |
| Robert J. Rainey           |                1794685 | Lion Street Financial                         |                     165828 | 12056 N. Saltaire Drive           |  | Highland          | UT      | 84003      |  | [ ]                    |
| Kenneith G. Gibson         |                1192002 | Lion Street Financial                         |                     165828 | 12056 N. Saltaire Drive           |  | Highland          | UT      | 84003      |  | [ ]                    |
| Craig A. Rutledge          |                1800720 | Lion Street Financial                         |                      16528 | 12056 N. Saltine Drive            |  | Highland          | UT      | 84003      |  | [ ]                    |
| Kelley F. Snook            |                2437169 | Triad Advisors                                |                      25803 | 3254 University Drive             | Suite 190                      | Auburn Hills      | MI      | 48326      |  | [ ]                    |
| Thomas E. Miller           |                 856008 | Lion Street Financial                         |                     165828 | 12056 N. Saltaire Drive           |  | Highland          | UT      | 84003      |  | [ ]                    |
| Eric Naison-Phillips       |                 515539 | M. Holdings Securities, Inc                   |                      43285 | 60 E. 42nd Street                 | Floor 44                       | New York          | NY      | 10165      |  | [ ]                    |
| Andrew A. Goldman          |                1023255 | AXA Advisors, LLC                             |                       6627 | 40 Monument Road                  |  | Bala Cynwyd       | PA      | 19004      |  | [ ]                    |
| Andrew D. Rubin            |                1009086 | AXA Advisors, LLC                             |                       6627 | 40 Monumnet Road                  |  | Bala Cynwyd       | PA      | 19004      |  | [ ]                    |
| Anthony E. Vandervort      |                1744783 | AXA Advisors, LLC                             |                       6627 | 40 Monument Road                  |  | Bala Cynwyd       | PA      | 19004      |  | [ ]                    |
| George W. Karr Jr.         |                 264570 | AXA Advisors, LLC                             |                       6627 | 40 Monument Road                  |  | Bala Cynwyd       | PA      | 19004      |  | [ ]                    |
| Curt Williams Burris       |                2751954 | Newport Group Securities, Inc.                |                      29722 | 300 International Parkway         | Ste. 270                       | Heathrow          | FL      | 32746      |  | [ ]                    |
| Michael D. Whitehurst      |                2609943 | Merrill Lynch, Pierce, Fenner & Smith         |                       7691 | 200 Concord Plaza Drive           |  | San Antonio       | TX      | 78216      |  | [ ]                    |
| Michael W. Kozemchak       |                2717038 | Linsco/Private Ledger                         |                       6413 | 9785 Towne Centre Drive           |  | San Diego         | CA      | 92121      |  | [ ]                    |
| Fred Hill                  |                3035352 | Executive Services Securities, LLC            |                      25299 | 3445 Peachtree Road NE            | Suite 200                      | Atlanta           | GA      | 30326      |  | [ ]                    |
| Michael E. Nolan           |                1157483 | LFA                                           |                       3978 | 6720-B Rockledge Drive            | Suite 140                      | Bethesda          | MD      | 20817      |  | [ ]                    |
| Patricia S. Wenzel         |                2208651 | Merrill Lynch                                 |                       7691 | 1221 McKinney Sreet               |  | Houston           | TX      | 77010      |  | [ ]                    |
| Michael Mingolelli, Jr     |                 474404 | M Holdings Securities                         |                      43285 | 197 First Avenue                  | Suite 100                      | Needham           | MA      | 02494      |  | [ ]                    |
| Luther Lockwood II         |                2082331 | M Holdings Securities                         |                      43285 | 10017 E. Morehead Street          | Suite 100                      | Charlotte         | NC      | 28204      |  | [ ]                    |
| Paul Stephens              |                 220491 | Linsco/Private Ledger                         |                       6413 | 9785 Towne Centre Drive           |  | San Diego         | CA      | 92121      |  | [ ]                    |
| Roger Cammon               |                1055486 | M Holdings Securities                         |                      43285 | Peabody Plaza 701 Market Street   | Suite 1200                     | St. Louis         | MO      | 63101      |  | [ ]                    |
| Peter Quinn                |                4545901 | Wells Fargo Clearing Services                 |                      19616 | 1525 W.W.T. Harris Blvd.          | 1A1                            | Charlotte         | NC      | 28262      |  | [ ]                    |
| George Chirayil            |                5951603 | Triad Advisors                                |                      25803 | 300 Madison Avenuye               | Floor 28                       | New York City     | NY      | 10017      |  | [ ]                    |
| Andrew L. Kuchera          |                6690625 | Triad Advisors                                |                      25803 | 300 Madison Avenue                | Floor 28                       | New York City     | NY      | 10017      |  | [ ]                    |
| Suzette Clark              |                3153620 | Lockton Financial Advisors                    |                     137476 | 444 W. 47th Street                | Suite 900                      | Kansas City       | MO      | 64112      |  | [ ]                    |
| Kenneth Depaola            |                6312756 | Valmark Securities, Inc.                      |                      31243 | 150 South Wacker Drive            | Suite 2400                     | Chicago           | IL      | 60606      |  | [ ]                    |
| Scott McGee                |                4768668 | Newport Group Securities                      |                      29722 | 300 Primera Blvd.                 | Suite 200                      | Lake Mary         | FL      | 32746      |  | [ ]                    |
| Gordon Thomas Chisholm     |                2938261 | Valmark Securities                            |                      31243 | 150 South Wacker Drive            | Suite 2400                     | Chicago           | IL      | 60606      |  | [ ]                    |
| Michael Liebeskind         |                1219051 | The Leaders Group                             |                      37157 | 550 5th Avenue                    | 11 Floor                       | NewYork           | NY      | 10036      |  | [ ]                    |
| Lucia Fiumara              |                2844301 | UBS Financial                                 |                       8174 | 1 North Wacker Drive              | 32nd and 33rd Road             | Chicago           | IL      | 60606      |  | [ ]                    |
| Jeremy Yanasak             |                3186728 | UBS Financial Services                        |                       8174 | 925 Fourth Avenue                 | 31st and 32nd Floors           | Seatle            | WA      | 98104      |  | [ ]                    |
| Adriano James Pisarri      |                5686886 | AXA Network                                   |                       6627 | 4251 Crums Mill Road              |  | Harrisburg        | PA      | 17112      |  | [ ]                    |
| Howard Adcock              |                2861943 | Kestra                                        |                      42046 | 311 N. Fletcher Avenue            |  | Tampa             | FL      | 33612      |  | [ ]                    |
| Kevin Segal                |                3092034 | M Holdings                                    |                      43285 | 1125 NW Couch Street              | Ste. 900                       | Portland          | OR      | 97209      |  | [ ]                    |
| Mark McCullough            |                2553351 | M Holdings                                    |                      43285 | 1125 NW Couch Street              | Ste. 900                       | Portland          | OR      | 97209      |  | [ ]                    |
| L. Marc Shegoski           |                 726591 | UBS Financial Services                        |                       8174 | 100 Overlook Center               | Ste. 303                       | Princeton         | NJ      | 08540      |  | [ ]                    |
| Kevin Edward Kelly         |                4585056 | Newport Group                                 |                      29722 | 300 Primera Blvd.                 | Ste 200                        | Lake Mary         | FL      | 32746      |  | [ ]                    |
| Edward Kroell              |                2615310 | Executive Services                            |                      25299 | 3445 Peachtree Road               | Suite 200                      | Atlanta           | GA      | 30326      |  | [ ]                    |
| Brian Thomas Rodger        |                6937679 | AXA Network                                   |                       6627 | 4251 Crums Mill Road              |  | Harrisburg        | PA      | 17112      |  | [ ]                    |
| Walker W. Shiflet          |                5527658 | Merrill Lynch                                 |                       7691 | 4800 Deer Lake Drive              |  | E. Jacksonville   | FL      | 32246      |  | [ ]                    |
| Thomas Mingone             |                1987602 | AXA Network                                   |                       6627 | 4251 Crums Mill Road              |  | Harrisburg        | PA      | 17112      |  | [ ]                    |
| Christopher Hannan Nuyland |                1613008 | Valmark Securities                            |                      31243 | 92 Hasell Street                  | Ste. 217                       | Charleston        | SC      | 29401      |  | [ ]                    |
| Andrew Lyon Hart           |                4253077 | LPL Financial                                 |                       6413 | 4707 Executive Drive              |  | San Diego         | CA      | 92121      |  | [ ]                    |
| Kenneth Alan Kirk          |                 735308 | Lion Street Financial                         |                     165828 | 800 Battery Avenue SE             | Ste. 100                       | Atlanta           | GA      | 30339      |  | [ ]                    |
| Eric Robert Przybilla      |                3183554 | Newport Group Securities                      |                      29722 | 101 Centreport Drive              | Ste. 250                       | Greensboro        | NC      | 27409      |  | [ ]                    |
| Paul Gordon Walmsley       |                6862301 | Morgan Stanley                                |                     149777 | 9665 Wilshire Blvd                | Ste. 600                       | Beverly Hills     | CA      | 90212      |  | [ ]                    |
| Amir Martin                |                4292905 | Morgan Stanley                                |                     149777 | 9665 Wilshire Boulevard           | Ste 600                        | Beverly Hills     | CA      | 90212      |  | [ ]                    |
| Richard David Fritz, Jr.   |                2460475 | Northwestern Mutual Investments               |                       2881 | 833 E. Michigan Street            | Ste. 1480                      | Milwaukee         | WI      | 53202      |  | [ ]                    |
| Patrick Joseph Marget      |                4138813 | Northwestern Mutual Investments               |                       2881 | 833 E. Michigan street            | Ste. 1480                      | Milwaukee         | WI      | 53202      |  | [ ]                    |
| Garrett Moore Blaha        |                6193865 | Northwestern Mutual Investments               |                       2881 | 25125 detroit Road                | Ste. 150                       | Westlake          | OH      | 44145      |  | [ ]                    |
| David Sears                |                5116777 | UPS Financial Services                        |                       8174 | 100 Overlook Center               | Ste. 100                       | Princeton         | NJ      | 08540      |  | [ ]                    |
| Ryan Michael Stover        |                4892742 | MMA Securities                                |                      44254 | 9171 Towne Centre Drive           | Ste. 100                       | San Diego         | CA      | 92122      |  | [ ]                    |
| James Lewis Worrell        |                2268822 | LPL Financial LLC                             |                       6413 | 42 Weybossett St                  | PH Level                       | Providence        | RI      | 02903      |  | [ ]                    |

### 13. Offering and Sales Amounts

**Total Offering Amount:** USD or [x] Indefinite

**Total Amount Sold:** $2,731,968,019 USD

**Total Remaining to be Sold:** USD or [x] Indefinite

### 14. Investors

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering: [ ] Yes [x] No

**Total Number of Investors Already Invested:** 136

### 15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

**Sales Commissions** $96029555 USD

**Finders' Fees** $0 USD

### 16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters: **$0 USD**

**Clarification of Response (if necessary):** As an issuer of the variable life insurance policies, The Lincoln National Life Ins. Co. will receive amounts from charges deducted under the policies, but no executive officer, director or promoter will receive any portion of the gross offering proceeds.

### Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

**Terms of Submission**

In submitting this notice, each issuer named above is:

* Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.

* Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated
officer of the State in which the issuer maintains its principal place of business and any State in which this notice is
filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any
notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any
Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to
the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in
connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or
indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust
Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or
regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place
of business or any State in which this notice is filed.

* Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

| Issuer                                                | Signature         | Name of Signer    | Title   | Date       |
|:---|:---|:---|:---|:---|
| LINCOLN LIFE FLEXIBLE PREMIUM VARIABLE LIFE ACCOUNT Z | Brittany S. Speas | Brittany S. Speas | Counsel | 2025-12-10 |

*Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.*