The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Intentional misstatements or omissions of fact constitute federal criminal violations. See 18 U.S.C. 1001.

FORM D

Notice of Exempt Offering of Securities
OMB APPROVAL
OMB Number: 3235-0076
Estimated average burden
hours per response: 4.00

1. Issuer's Identity

CIK (Filer ID Number) Previous Names
X None
Entity Type
0001460116
   Corporation
   Limited Partnership
   Limited Liability Company
   General Partnership
   Business Trust
X Other (Specify)

Insurance Company Separate Account
Name of Issuer
Lincoln Life Separate Account BL2 of the Lincoln National Life Insurance Co
Jurisdiction of Incorporation/Organization
INDIANA
Year of Incorporation/Organization
X Over Five Years Ago
   Within Last Five Years (Specify Year)
   Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
Lincoln Life Separate Account BL2 of the Lincoln National Life Insurance Co
Street Address 1 Street Address 2
1300 South Clinton St
City State/Province/Country ZIP/PostalCode Phone Number of Issuer
Fort Wayne INDIANA 46802 260-455-2000

3. Related Persons

Last Name First Name Middle Name
Cooper Ellen
Street Address 1 Street Address 2
150 North Radnor Chester Road
City State/Province/Country ZIP/PostalCode
Radnor PENNSYLVANIA 19087
Relationship: X Executive Officer X Director    Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Beizer Craig
Street Address 1 Street Address 2
150 North Radnor Chester Road
City State/Province/Country ZIP/PostalCode
Radnor PENNSYLVANIA 19087
Relationship: X Executive Officer X Director    Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Freitag Randall
Street Address 1 Street Address 2
150 North Radnor Chester Road
City State/Province/Country ZIP/PostalCode
Radnor PENNSYLVANIA 19087
Relationship: X Executive Officer    Director    Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Ryan Keith J
Street Address 1 Street Address 2
1300 South Clinton Street
City State/Province/Country ZIP/PostalCode
Fort Wayne INDIANA 46802
Relationship: X Executive Officer X Director    Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Bronchetti Jayson R
Street Address 1 Street Address 2
150 North Radnor Chester Road
City State/Province/Country ZIP/PostalCode
Radnor PENNSYLVANIA 19087
Relationship: X Executive Officer X Director    Promoter

Clarification of Response (if Necessary):

4. Industry Group

   Agriculture
Banking & Financial Services
   Commercial Banking
X Insurance
   Investing
   Investment Banking
   Pooled Investment Fund
Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?
   Yes    No
   Other Banking & Financial Services
   Business Services
Energy
   Coal Mining
   Electric Utilities
   Energy Conservation
   Environmental Services
   Oil & Gas
   Other Energy
Health Care
   Biotechnology
   Health Insurance
   Hospitals & Physicians
   Pharmaceuticals
   Other Health Care
   Manufacturing
Real Estate
   Commercial
   Construction
   REITS & Finance
   Residential
   Other Real Estate
  
 Retailing
  
 Restaurants
Technology
   Computers
   Telecommunications
   Other Technology
Travel
   Airlines & Airports
   Lodging & Conventions
   Tourism & Travel Services
   Other Travel
  
 Other

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))
   Rule 504 (b)(1)(i)
   Rule 504 (b)(1)(ii)
   Rule 504 (b)(1)(iii)
   Rule 506(b)
   Rule 506(c)
   Securities Act Section 4(a)(5)
X Investment Company Act Section 3(c)
X Section 3(c)(1)    Section 3(c)(9)  
   Section 3(c)(2)    Section 3(c)(10)
   Section 3(c)(3)    Section 3(c)(11)
   Section 3(c)(4)    Section 3(c)(12)
   Section 3(c)(5)    Section 3(c)(13)
   Section 3(c)(6)    Section 3(c)(14)
X Section 3(c)(7)

7. Type of Filing

X New Notice Date of First Sale 2008-04-30    First Sale Yet to Occur
   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 (select all that apply)

   Equity X Pooled Investment Fund Interests
   Debt    Tenant-in-Common Securities
   Option, Warrant or Other Right to Acquire Another Security    Mineral Property Securities
   Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security X Other (describe)
Interest in Separate Accounts 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

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $1,000,000 USD

12. Sales Compensation

Recipient
Recipient CRD Number    None
Douglas George 2519257
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
ProEquities 15708
Street Address 1 Street Address 2
2801 Highway 280 South
City State/Province/Country ZIP/Postal Code
Birmingham ALABAMA 35223
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
MISSISSIPPI
SOUTH CAROLINA
TENNESSEE
Recipient
Recipient CRD Number    None
William Borchert 1057817
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
J. Alden Associates, Inc 40002
Street Address 1 Street Address 2
261 Old York Road Suite 837
City State/Province/Country ZIP/Postal Code
Jenkintown PENNSYLVANIA 19046
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
PENNSYLVANIA
Recipient
Recipient CRD Number    None
James Cole 2941597
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Bosc, Inc. 17530
Street Address 1 Street Address 2
One Williams Ctr. Plaza South East
City State/Province/Country ZIP/Postal Code
Tulsa OKLAHOMA 74172
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
NEW MEXICO
OKLAHOMA
TEXAS
Recipient
Recipient CRD Number    None
Jeffrey Davis 2187246
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
M. Holdings Securites 43285
Street Address 1 Street Address 2
205 S. E. Spokane Street
City State/Province/Country ZIP/Postal Code
Portland OREGON 97202-6413
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
COLORADO
DELAWARE
FLORIDA
GEORGIA
MARYLAND
MICHIGAN
MISSOURI
NEW JERSEY
OKLAHOMA
OREGON
TEXAS
VIRGINIA
WASHINGTON
Recipient
Recipient CRD Number    None
Joseph L. Carpenter 2361166
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
NFP Securities 42046
Street Address 1 Street Address 2
1250 Capital of Texas Parkway Suite 2125
City State/Province/Country ZIP/Postal Code
Austin TEXAS 78746
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ALABAMA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING
Recipient
Recipient CRD Number    None
Geoffrey L. Bradley 1491479
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Transamerica Financial Advisors, Inc. 16164
Street Address 1 Street Address 2
570 Carillon Parkway
City State/Province/Country ZIP/Postal Code
St. Petersbury FLORIDA 33716
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
INDIANA
KENTUCKY
Recipient
Recipient CRD Number    None
Paul J. Scioli 1448021
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
MML Investors Services, Inc. 10409
Street Address 1 Street Address 2
1414 Main Street
City State/Province/Country ZIP/Postal Code
Springfield MASSACHUSETTS 01144
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
MARYLAND
NEW MEXICO
TEXAS
Recipient
Recipient CRD Number    None
James Bethea 1420104
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Securities America, INc. 10205
Street Address 1 Street Address 2
7100 W. Center Road
City State/Province/Country ZIP/Postal Code
Omaha NEBRASKA 68106
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ALABAMA
FLORIDA
MISSISSIPPI
TEXAS
Recipient
Recipient CRD Number    None
James R. Wagner, Jr. 1443094
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Capital Analysts 5478
Street Address 1 Street Address 2
303 Broadway Suite 1500
City State/Province/Country ZIP/Postal Code
Cincinnati OHIO 45202
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
KANSAS
MICHIGAN
MISSOURI
OKLAHOMA
OREGON
TEXAS
VIRGINIA
WASHINGTON
WEST VIRGINIA
Recipient
Recipient CRD Number    None
Eric Naison-Phillips 5155539
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
M Holdings Securities Inc. 42046
Street Address 1 Street Address 2
205 Spokane Street
City State/Province/Country ZIP/Postal Code
Portland OREGON 97202
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ALABAMA
ALASKA
ARIZONA
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
HAWAII
ILLINOIS
INDIANA
KANSAS
KENTUCKY
MARYLAND
MICHIGAN
MINNESOTA
MISSISSIPPI
MONTANA
NEVADA
NEW JERSEY
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WYOMING
Recipient
Recipient CRD Number    None
Charles R. Dudley II 845914
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
UVEST Investment Services 13787
Street Address 1 Street Address 2
200 S. College Street 21st Floor
City State/Province/Country ZIP/Postal Code
Charlotte NORTH CAROLINA 28202
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARKANSAS
LOUISIANA
Recipient
Recipient CRD Number    None
Bruce Hlavacek 2777274
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
The Leaders Group 37157
Street Address 1 Street Address 2
26 West Dry Creek Suite 575
City State/Province/Country ZIP/Postal Code
Littleton COLORADO 80120
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
DELAWARE
MISSISSIPPI
TEXAS
Recipient
Recipient CRD Number    None
Carol W. Linker 1545247
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Linsco/Private Ledger 6413
Street Address 1 Street Address 2
9785 Towne Centre Drive
City State/Province/Country ZIP/Postal Code
San Diego CALIFORNIA 92121-1968
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
MAINE
PENNSYLVANIA
Recipient
Recipient CRD Number    None
Peter Menihan 715261
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Cetera Advisors, LLC 10299
Street Address 1 Street Address 2
6811 Shawnee Mission Parkway Suite 305
City State/Province/Country ZIP/Postal Code
Overland Park KANSAS 66202
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
IOWA
KANSAS
MISSOURI
OKLAHOMA
TEXAS
Recipient
Recipient CRD Number    None
Thomas E. Reece 2375520
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Transamerica Financial Advisors, Inc. 45527
Street Address 1 Street Address 2
570 Carillon Parkway
City State/Province/Country ZIP/Postal Code
St. Petersburg FLORIDA 33716
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
ARKANSAS
CALIFORNIA
FLORIDA
GEORGIA
INDIANA
KENTUCKY
MISSOURI
NEW MEXICO
OHIO
PENNSYLVANIA
TEXAS
Recipient
Recipient CRD Number    None
David A. Soczek 2316655
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
ProEquities, Inc. 15708
Street Address 1 Street Address 2
2801 Highway 280 South
City State/Province/Country ZIP/Postal Code
Birmingham ALABAMA 35223
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ALABAMA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
ILLINOIS
INDIANA
IOWA
KENTUCKY
LOUISIANA
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
NEBRASKA
NEW JERSEY
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OREGON
Recipient
Recipient CRD Number    None
Robert C. Ernst 1039569
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
NFP Securities 42046
Street Address 1 Street Address 2
1250 Capital of Texas Highway South Suite 2600
City State/Province/Country ZIP/Postal Code
Austin TEXAS 78746
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
FLORIDA
MAINE
MASSACHUSETTS
NEW HAMPSHIRE
Recipient
Recipient CRD Number    None
Stephen L. Coale 1292536
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Amherst Securities Group, L.P. 150696
Street Address 1 Street Address 2
2702 Cortez Drive
City State/Province/Country ZIP/Postal Code
Cedar Park TEXAS 78613
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
DISTRICT OF COLUMBIA
MARYLAND
MASSACHUSETTS
MONTANA
OKLAHOMA
OREGON
PENNSYLVANIA
TEXAS
VIRGINIA
WASHINGTON
Recipient
Recipient CRD Number    None
Joseph Todd Carpenter 2905361
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
NFP Executive Benefits 42046
Street Address 1 Street Address 2
1250 Capital of Texas Parkway Suite 2125
City State/Province/Country ZIP/Postal Code
Austin TEXAS 78746
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING

13. Offering and Sales Amounts

Total Offering Amount USD
or X Indefinite
Total Amount Sold $113,115,032 USD
Total Remaining to be Sold USD
or X Indefinite

Clarification of Response (if Necessary):

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.
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
62

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 $1,048,323 USD
   Estimate
Finders' Fees $0 USD
   Estimate

Clarification of Response (if Necessary):

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 in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0 USD
   Estimate

Clarification of Response (if Necessary):

As issuer of the variable life insurance policies, The Lincoln National Life Insurance Co. will receive amounts from charges deducted under the policies, but no executive officer, director or promoter will receive any protion of the gross offering proceed

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 Separate Account BL2 of the Lincoln National Life Insurance Co /s/Carolyn Augur Carolyn Augur Assistant Vice President, Senior Counsel 2022-12-13

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.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.