<SEC-DOCUMENT>0001352097-24-000003.txt : 20240528
<SEC-HEADER>0001352097-24-000003.hdr.sgml : 20240528
<ACCEPTANCE-DATETIME>20240528123557
ACCESSION NUMBER:		0001352097-24-000003
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:	333-261018
		FILM NUMBER:		24988925

	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_lnlagents401k052024.htm
<TEXT>
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    <div style="text-align: right; font-size: 12pt; font-weight: bold;">Filed Pursuant to Rule 433<br>
      Registration No. 333-163855</div>
    <div style="text-align: right; font-size: 12pt; font-weight: bold;">and 333-261018</div>
    <div style="text-align: right; font-size: 12pt; font-weight: bold;">May 28, 2024</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">The following information is a Summary of Material Modifications to the LNL Agents&#8217; 401(k) Savings Plan Summary Plan Description/Prospectus relating to changes to the LNL Agents&#8217; 401(k) Savings Plan (the &#8220;Plan&#8221;) as a
      result of the transfer of Lincoln Financial Advisors (LFA) 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 your account at www.lincolnfinancial.com or contact the Lincoln Customer Contact Center at 800-234-3500. </div>
    <div><br>
    </div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="text-align: center; margin-top: 4pt; margin-bottom: 8pt; font-weight: bold;">Summary of Material Modifications:</div>
    <div style="text-align: center; margin-top: 4pt; margin-bottom: 8pt; font-weight: bold;">LNL Agents&#8217; 401(k) Savings Plan</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 LNL Agents&#8217; 401(k) Savings Plan (&#8220;Plan&#8221;).&#160; This SMM supplements or
      modifies the November 12, 2021 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 November 12, 2021 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 style="text-align: justify; margin-bottom: 8pt; font-style: italic; font-weight: bold;">ELIGIBILITY AND PARTICIPATION (page 17 of the SPD):</div>
    <div style="text-align: justify; margin-bottom: 8pt; font-style: italic;">Adding the following sentence to the end of the third bullet point under the first paragraph of the Section, to read as follows:</div>
    <div style="margin-bottom: 8pt;">&#8220;Effective May 6, 2024, no Lincoln Financial Advisors (LFA) Agent will be eligible to participate in the Plan after May 5, 2024.&#8221;</div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="text-align: justify; margin-bottom: 8pt; font-style: italic; font-weight: bold;">PARTICIPANT CONTRIBUTIONS (page 19 of the SPD):</div>
    <div style="text-align: justify; margin-bottom: 8pt;"><font style="font-style: italic;">Adding the following sentence to the end of the first paragraph under the section entitled &#8220;</font><font style="font-weight: bold; font-style: italic;">Amount You
        May Contribute</font><font style="font-weight: bold;">,</font>&#8221;<font style="font-style: italic;"> to read as follows:</font></div>
    <div style="margin-bottom: 8pt;">&#8220;Effective May 6, 2024, no Lincoln Financial Advisors (LFA) Agent will be eligible to make Pre-Tax Contributions or Roth 401(k) Contributions to the Plan after May 5, 2024.&#8221;</div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="text-align: justify; margin-bottom: 8pt; font-style: italic; font-weight: bold;">COMPANY CONTRIBUTIONS (page 21 of the SPD):</div>
    <div style="text-align: justify; margin-bottom: 8pt;"><font style="font-style: italic;">Adding the following paragraph to the end of the section entitled &#8220;</font><font style="font-weight: bold; font-style: italic;">Discretionary Matching Contribution</font><font style="font-weight: bold;">,</font>&#8221;<font style="font-style: italic;"> to read as follows:</font></div>
    <div style="margin-bottom: 8pt;">&#8220;Effective May 6, 2024, no Discretionary Matching Contribution will be made by the Company with respect to Plan Years beginning on or after January 1, 2024.&#8221;</div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="text-align: justify; margin-bottom: 8pt; font-style: italic; font-weight: bold;">VESTING (page 23 of the SPD):</div>
    <div style="text-align: justify; margin-bottom: 8pt; font-style: italic;">Adding the following paragraph to immediately follow the vesting schedule under the second unnumbered paragraph, to read as follows:</div>
    <div style="text-align: justify; margin-bottom: 8pt;">&#8220;Effective May 6, 2024, a Lincoln Financial Advisors (LFA) Agent who maintains a full-time contract with the Company or an Affiliate immediately prior to May 6, 2024 and who transfers 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, will be 100% vested in their account balance as of May 5, 2024.&#8221;</div>
    <div style="text-align: center; margin-bottom: 8pt;"><br>
    </div>
    <div style="text-align: justify; margin-bottom: 8pt; font-style: italic; font-weight: bold;">IMPORTANT INFORMATION ABOUT THE PLAN (pages 36-37 of the SPD):</div>
    <div style="text-align: justify; margin-bottom: 8pt; font-style: italic;">Replacing the section entitled &#8220;Participating Employers,&#8221; in its entirety, to read as follows:</div>
    <div style="text-align: justify; margin-bottom: 8pt;">&#8220;<font style="font-weight: bold;">Participating Companies as of May 6, 2024:</font></div>
    <div style="text-align: justify;">The Lincoln National Life Insurance Company</div>
    <div style="text-align: justify;">Lincoln Life &amp; Annuity Company of New York&#8221;</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;"><font style="font-weight: bold;">Questions?</font><br>
      For more information about the Plan and its features, contact the Lincoln Customer Contact Center at 800-234-3500 (Monday &#8211; Friday, 8:00 a.m. &#8211; 8:00 p.m. ET) or log on to your account at LincolnFinancial.com. You should also review the Plan&#8217;s Summary
      Plan Description/Prospectus which can be requested from the Lincoln Customer Contact Center.</div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="border: 2px solid rgb(0, 0, 0); padding: 5px; width: 99%;">
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              <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>
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    <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 the Lincoln Customer Contact Center at 800-234-3500.</font></div>
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