497VPSUB 1 supplement.htm
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
Lincoln National Variable Annuity Account C
Multi-Fund®, Multi-Fund® 5, Multi-Fund® Select

Lincoln National Variable Annuity Account L
Group Variable Annuity

Lincoln Life Variable Annuity Account Q
Multi-Fund® Group

LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK
Lincoln Life & Annuity Variable Annuity Account L
Group Variable Annuity

Supplement dated April 1, 2022 to the Prospectus dated May 1, 2021
This supplement updates the prospectus for your variable annuity contract issued by The Lincoln National Life Insurance Company or Lincoln Life & Annuity Company of New York (“Lincoln”). All other provisions in your prospectus remain unchanged. This supplement is for informational purposes and requires no action on your part.
Notice of Fund Substitution

On or about June 3, 2022 (the “Substitution Date”), in accordance with applicable law, Lincoln intends to replace the following “Existing Fund” with the corresponding “Replacement Fund:”
Existing Fund
Corresponding Replacement Fund
BlackRock Global Allocation V.I. Fund – Class I
LVIP BlackRock Global Allocation Fund – Standard Class
BlackRock Global Allocation V.I. Fund – Class III
LVIP BlackRock Global Allocation Fund – Service Class

As a result, your investments in the Existing Fund will be automatically transferred to the subaccount investing in the Replacement Fund on the Substitution Date.
Same Contract Value, No Increase in Contract Fees or Charges. The substitution will not result in any change to your Contract Value or increase the fees and charges under your Contract. The substitution will be effected at the relative net asset values of the Existing Fund’s and the Replacement Fund’s shares.
No Cost, No Tax Consequences. The substitution will be performed at no cost to you, and there will be no tax consequences resulting from the substitution.
Existing Fund No Longer Available. The Existing Fund will no longer be available for investment after the Substitution Date.
Voluntary Transfers From Now Until 30 Days After Substitution. From the date of this supplement until 30 days after the Substitution Date, you may make one transfer of Contract Value (or annuity unit exchange) out of the Existing Fund to any subaccount option within the Contracts. Lincoln will not exercise any rights it has reserved under the Contracts to impose restrictions or fees on transfers under the Contracts (other than with respect to “market timing” activities) until at least 30 days after the Substitution Date. A transfer request may be made to the Home Office by logging into our website (www.LincolnFinancial.com), by sending in a transfer request form, or by calling the telephone number listed in the prospectus.
Replacement Fund Prospectus. A prospectus for the Replacement Fund may be obtained electronically by accessing the following link: www.lfg.com/public/individual/exploreinsuranceannuities/lifeinsurance/variableuniversallife/lvipprospectusreports.

Please keep this supplement for future reference.