THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

Lincoln Life Variable Annuity Account N

Lincoln ChoicePlus^SM Signature

Supplement dated July 27, 2023 to the

Summary Prospectus for New Investors dated May 1, 2023

This Supplement to your summary prospectus outlines important changes that become effective on and after August 21, 2023. These changes are related to:

a) Appendix A – Funds Available Under The Contract; and

b) Appendix B – Investment Requirements.

All other provisions outlined in your variable annuity prospectus remain unchanged. This Supplement is for informational purposes and requires no action on your part.

The following line items will be added to Appendix A – Funds Available Under the Contract:

Investment Objective	Fund and Adviser/Sub-adviser	Current Expenses	Average Annual Total Returns (as of 12/31/2022)
Investment Objective	Fund and Adviser/Sub-adviser	Current Expenses	1 year	5 year	10 year
Long-term capital appreciation.	Putnam VT Sustainable Future Fund – Class IB	1.07%¹	-34.03%	5.71%	9.53%
Long-term capital appreciation.	Putnam VT Sustainable Leaders Fund – Class IB	0.91%	-22.91%	10.48%	13.48%
To provide long-term capital appreciation.	First Trust Capital Strength Hedged Equity Portfolio – Class I	1.25%	N/A	N/A	N/A

¹This fund is subject to an expense reimbursement or fee waiver arrangement. As a result, this fund’s annual expenses reflect temporary expense reductions. See the fund’s prospectus for additional information.

Appendix B – Investment Requirements: If you have elected a Living Benefit Rider, you may be subject to the Investment Requirements outlined in the prospectus, according to which Living Benefit Rider you own and when you elected that rider. Please refer to your prospectus to determine if you are subject to Investment Requirements. The changes outlined below are effective for August 21, 2023 and are added to the existing Investment Requirements in your summary prospectus. All other provisions of Investment Requirements remain unchanged.

Please note that your Contract may not offer every rider impacted by these requirements.

The following changes apply to Investment Requirements for other Living Benefit Riders. If you elect Lincoln ProtectedPay Select Core^SM, Lincoln ProtectedPay Select Plus^SM, Lincoln ProtectedPay Select Max^SM, Lincoln Market Select^® Advantage, Lincoln Max 6 Select^SM Advantage, or 4LATER^® Select Advantage, or you are transitioning to i4LIFE^® Advantage Select Guaranteed Income Benefit from on or these riders. The First Trust Defensive Equity Strength Model will be added to the list of available asset allocation models.

Please retain this Supplement for future reference.