<SEC-DOCUMENT>0001352097-24-000004.txt : 20240528
<SEC-HEADER>0001352097-24-000004.hdr.sgml : 20240528
<ACCEPTANCE-DATETIME>20240528123616
ACCESSION NUMBER:		0001352097-24-000004
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240528
DATE AS OF CHANGE:		20240528

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LINCOLN NATIONAL CORP
		CENTRAL INDEX KEY:			0000059558
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				351140070
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-265361
		FILM NUMBER:		24988931

	BUSINESS ADDRESS:	
		STREET 1:		150 N RADNOR CHESTER RD
		CITY:			RADNOR
		STATE:			PA
		ZIP:			19087
		BUSINESS PHONE:		4845831400

	MAIL ADDRESS:	
		STREET 1:		150 N RADNOR CHESTER RD
		CITY:			RADNOR
		STATE:			PA
		ZIP:			19087

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LINCOLN NATIONAL CORP
		CENTRAL INDEX KEY:			0000059558
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				351140070
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		150 N RADNOR CHESTER RD
		CITY:			RADNOR
		STATE:			PA
		ZIP:			19087
		BUSINESS PHONE:		4845831400

	MAIL ADDRESS:	
		STREET 1:		150 N RADNOR CHESTER RD
		CITY:			RADNOR
		STATE:			PA
		ZIP:			19087
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>fwp_agentsbrokersdcp05282024.htm
<TEXT>
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    <div style="text-align: right; font-weight: bold;">Filed Pursuant to Rule 433<br>
      Registration No. 333-265361</div>
    <div style="text-align: right; font-weight: bold;">May 28, 2024</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">The following information is a Summary of Material Modifications to the Lincoln National Corporation Deferred Compensation Plan for Agents and Brokers
      Summary Plan Description/Prospectus relating to changes to the Lincoln National Corporation Deferred Compensation Plan for Agents and Brokers (the &#8220;Plan&#8221;) as a result of the transfer of agents and brokers to Osaic, Inc. or its affiliate in connection
      with the May 6, 2024 sale by the Company of Lincoln Financial Advisors Corporation and its subsidiaries.&#160; For more information about the Plan, you should log on to Nolan Financial Group&#8217;s website at www.nolanlink.com, or contact Nolan Financial Group at 888-907-8633.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; margin-bottom: 8pt; font-weight: bold;">Summary of Material Modifications:</div>
    <div style="text-align: center; font-weight: bold;">Lincoln National Corporation Deferred Compensation Plan</div>
    <div style="text-align: center; font-weight: bold;">for Agents and Brokers</div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="margin-bottom: 8pt;">Dear Plan Participant:</div>
    <div style="text-align: justify; margin-bottom: 8pt;">The below information is a Summary of Material Modifications (&#8220;SMM&#8221;) intended to notify you of important changes made to the Lincoln
      National Corporation Deferred Compensation Plan for Agents and Brokers (the &#8220;Plan&#8221;).265351&#160; This SMM supplements or modifies the June 2, 2022 Summary Plan
      Description/Prospectus (&#8220;SPD&#8221;) for the Plan and is subject to the terms of the Plan document.&#160; Please take the time to read this SMM and keep a copy of it with your June 2, 2022 SPD.</div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="text-align: justify; margin-bottom: 8pt; font-style: italic; font-weight: bold;"><u>Effective May 6,
          2024, the Plan Sponsor made the following changes to the Plan</u>:</div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zd47c919051984ad79e4945f549c9eae7" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 8pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 18pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-bottom: 8pt; font-style: italic; font-weight: bold;">I.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 8pt; font-style: italic; font-weight: bold;">PLAN OVERVIEW (starting on page 25 of the SPD)</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-bottom: 8pt; font-style: italic;">Inserting the following bullet point to the end of the second paragraph, to read as follows:</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zab6f2cb8426445a89e4e46d5912c8384" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 8pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 36pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 18pt; margin-bottom: 8pt; font-style: italic;">&#10004;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 8pt;">&#8220;Effective May 6, 2024, no Agents will be eligible to participate in the Plan after May 5, 2024.&#8221;</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; text-indent: 0pt; margin-left: 18pt; margin-bottom: 8pt; font-style: italic;">Inserting the following bullet point to the end of the third paragraph, to
      read as follows:</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z2ca4f70a385d4ae1b03c339d147df394" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 8pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 18pt; margin-bottom: 8pt; font-style: italic;">&#10004;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 8pt;">&#8220;Effective May 6, 2024, no Brokers will be eligible to participate in the Plan after May 5, 2024.&#8221;</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: -18pt; margin-left: 18pt; margin-bottom: 8pt; font-style: italic; font-weight: bold;">III. PLAN DESCRIPTION (starting on page 30 of the SPD)</div>
    <div style="text-align: justify; text-indent: 0pt; margin-left: 18pt; margin-bottom: 8pt; font-style: italic;">Inserting
        the following paragraph to the end of the section entitled &#8220;Agents&#8221; under <u>Section A (Eligibility &amp; Participation)</u>, to read as follows:</div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 8pt;">&#8220;Effective May 6, 2024, no Agents will be eligible to participate in the Plan after May 5, 2024.&#8221;</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 0pt; margin-left: 18pt; margin-bottom: 8pt; font-style: italic;">Inserting
        the following paragraph to the end of the section entitled &#8220;Brokers&#8221; under <u>Section A (Eligibility &amp; Participation)</u>, to read as follows:</div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 8pt;">&#8220;Effective May 6, 2024, no Brokers will be eligible to participate in the Plan after May 5, 2024.&#8221;</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: -18pt; margin-left: 18pt; margin-bottom: 8pt; font-style: italic;">Inserting the following paragraph to the end of the section entitled
      &#8220;Agents&#8221; under <u>Section B (Elective Deferrals &#8211; Your Contributions to the Plan),</u> to read as follows:</div>
    <div style="margin-left: 18pt; margin-bottom: 8pt;">&#8220;Effective May 6, 2024, no Agents will be eligible to make Elective Deferrals under the Plan after May 5, 2024.&#8221;</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 0pt; margin-left: 18pt; margin-bottom: 8pt; font-style: italic;">Inserting the following paragraph to the end of the section entitled &#8220;Brokers&#8221;
      under&#160; <u>Section B (Elective Deferrals &#8211; Your Contributions to the Plan)</u>, to read as follows:</div>
    <div style="margin-left: 18pt; margin-bottom: 8pt;">&#8220;Effective May 6, 2024, no Brokers will be eligible to make Elective Deferrals under the Plan after May 5, 2024.&#8221;</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 0pt; margin-left: 18pt; margin-bottom: 8pt; font-style: italic;">Inserting the following paragraph after the sixth paragraph of <u>Section C (Company Contributions to the Plan (Agents Only))</u>, to read as follows:</div>
    <div style="margin-left: 18pt; margin-bottom: 8pt;">&#8220;<u>Company Contributions after May 5,
          2024</u>.&#160; Effective May 6, 2024, no Company Basic Match contributions, Company Discretionary Match contributions or Special Credits will be made to the Plan after May 5, 2024.&#8221;</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 0pt; margin-left: 18pt; margin-bottom: 8pt; font-style: italic;">Inserting the following paragraph to the end of <u>Section D (Vesting)</u>, to read as follows:</div>
    <div style="margin-left: 18pt; margin-bottom: 8pt;">&#8220;Effective May 6, 2024, the Account of each Plan participant which is not fully vested, and which has not been
      forfeited under the provisions of the Plan, will become 100% vested and nonforfeitable as of May 5, 2024.&#8221;</div>
    <div><br>
    </div>
    <div style="text-align: center;">* * * * * *</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-bottom: 8pt;"><font style="font-weight: bold;">Questions?</font><br>
      For more information about the Plan and its features, contact Nolan Financial Group at 888-907-8633 or log on to your account at www.nolanlink.com.&#160; You should also review the Plan&#8217;s Summary Plan Description/Prospectus which can be requested from Nolan Financial Group.</div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="border: 2px solid rgb(0, 0, 0); padding: 5px; width: 99%;">
      <table cellspacing="0" cellpadding="0" border="0" id="zbf38a85656654822857316be466e9355" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 100%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">&#160;This Notice contains important information about the Plan and</div>
              <div style="text-align: center; font-weight: bold;">should be kept with your Summary Plan Description/Prospectus.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="text-align: center; margin-bottom: 8pt;">* * * * * *</div>
    <div style="text-align: justify; margin-bottom: 8pt;">All of the internet website addresses are provided for your convenience.&#160; None of the information contained in such websites shall be
      deemed incorporated by reference in this document.</div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="text-align: justify; margin-bottom: 8pt;"><font style="font-weight: bold;">The issuer has filed a registration
        statement (including a prospectus) with the SEC for the offering to which this communication relates.&#160; Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more
        complete information about the issuer and this offering.&#160; You may get these documents free by visiting EDGAR on the SEC website at </font>www.sec.gov<font style="font-weight: bold;">.&#160; Alternately, the issuer will arrange to send you the
        prospectus if you request it by calling Nolan Financial Group at 888-907-8633.</font></div>
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