THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
Lincoln Level Advantage® Select B-Share variable and index-linked annuity
Supplement dated October 2, 2023 to the prospectus dated May 1, 2023
This supplement to your Lincoln Level Advantage® variable and index-linked annuity prospectus discusses the availability of certain investment options under your contract. It is for informational purposes and requires no action on your part. All other provisions in your prospectus not discussed in this supplement remain unchanged.
The following Indexed Accounts will be available for all contracts purchased on or after November 20, 2023 subject to state availability:
1-Year Performance Trigger Rate Indexed Account with Protection Level
| • | S&P 500®, Performance Trigger, 20% Protection |
The following Indexed Accounts will be closed to all contracts purchased on or after November 20, 2023.
6-Year Performance Cap Indexed Accounts with Protection Level
| • | S&P 500® Cap, 10% Protection |
| • | Russell 2000® Cap, 10% Protection |
| • | Capital Strength Net Fee IndexSM Cap, 10% Protection |
| • | MSCI EAFE, 10% Protection |
| • | First Trust American Leadership IndexSM Cap, 10% Protection |
Please retain this supplement with your prospectus for future reference.
