0000356514 2024-02-29 2024-02-29 0000356514 nationwide:C000109643Member 2024-02-29 2024-02-29 0000356514 nationwide:C000109643Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyInflationProtectionFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109801Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyInflationProtectionFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109645Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyInflationProtectionFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109798Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyInflationProtectionFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109063Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyInflationProtectionFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109061Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyInflationProtectionFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109643Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyMidCapValueFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109801Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyMidCapValueFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109645Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyMidCapValueFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109798Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyMidCapValueFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109063Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyMidCapValueFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109061Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyMidCapValueFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109643Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyValueFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109801Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyValueFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109645Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyValueFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109798Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyValueFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109063Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyValueFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109061Member nationwide:LincolnVariableInsuranceProductsTrustLVIPAmericanCenturyValueFundServiceClassMember 2024-02-29 2024-02-29 0000356514 nationwide:C000109801Member 2024-02-29 2024-02-29 0000356514 nationwide:C000109645Member 2024-02-29 2024-02-29 0000356514 nationwide:C000109798Member 2024-02-29 2024-02-29 0000356514 nationwide:C000109063Member 2024-02-29 2024-02-29 0000356514 nationwide:C000109061Member 2024-02-29 2024-02-29 pure iso4217:USD utr:Y NATIONWIDE VARIABLE ACCOUNT II 0000356514 false N-4 N-4 2024-02-29 <span style="color:#000000;font-family:Arial;font-size:10pt;">The Boards of Directors (the "Board") of American Century Variable Portfolios, Inc. and American Century Variable Portfolios II, Inc. (the "Board"), approved the merger of the following Target Funds (the "Target Fund") into the Lincoln Variable Insurance Products Trust (the "Acquiring Fund"). Subject to shareholder approval, the merger will be effective on or about April 26, 2024 (the "Effective Date").</span><span style="color:#000000;font-family:Arial;font-size:1pt;line-height:1pt;"> </span> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:17.5pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Bottom;width:270.5pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:8pt;font-weight:bold;">Target Fund</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Bottom;width:270.5pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:8pt;font-weight:bold;">Acquiring Fund</span></div></div></td></tr> <tr style="height:29pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios II, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Inflation Protection Fund: Class II</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Inflation Protection Fund: Service Class</span></div></div></td></tr> <tr style="height:29pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Mid Cap Value Fund: Class II</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Mid Cap Value Fund: Service Class</span></div></div></td></tr> <tr style="height:25.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:1.5pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:11pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Value Fund: Class II</span></div></div></td> <td style="padding-bottom:1.5pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:11pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Value Fund: Service Class</span></div></div></td></tr></table><span style="color:#000000;font-family:Arial;font-size:10pt;">As of the Effective Date, the following changes apply to the contract/policy:</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Target Fund will no longer be available to receive transfers or new purchase payments;</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Target Fund will transfer all or substantially all of its assets to the Acquiring Fund in exchange for shares of the Acquiring Fund; and</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Acquiring Fund will assume all liabilities of the Target Fund.</span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;">Accordingly, the following changes apply to the prospectus:</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:21pt;">(1) Appendix A is amended to add the following:</span><span style="color:#000000;font-family:Arial;font-size:1pt;line-height:1pt;"> </span> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:34.5pt;"> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Type</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Underlying Mutual Fund and Adviser/Subadviser</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Current</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Expenses</span></div></div></td> <td colspan="3" style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:119.03pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Average Annual Total</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Returns</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">(as of December 31, 2023)</span></div></div></td></tr> <tr style="height:14pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">1 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">5 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">10 year</span></div></div></td></tr> <tr style="height:64pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Fixed Income</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Inflation Protection Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.77%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">-13.08%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">1.38%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.67%</span></div></div></td></tr> <tr style="height:61.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Equity</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Mid Cap Value Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">1.01%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">-1.38%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">6.61%</span></div></div></td> <td style="padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">10.84%</span></div></div></td></tr></table> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:34.5pt;"> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Type</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Underlying Mutual Fund and Adviser/Subadviser</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Current</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Expenses</span></div></div></td> <td colspan="3" style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:119.03pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Average Annual Total</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Returns</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">(as of December 31, 2023)</span></div></div></td></tr> <tr style="height:14pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">1 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">5 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">10 year</span></div></div></td></tr> <tr style="height:61.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Equity</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Value Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.88%*</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.31%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">7.68%</span></div></div></td> <td style="padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">10.41%</span></div></div></td></tr></table><span style="color:#000000;font-family:Arial;font-size:9pt;">*</span><span style="color:#000000;font-family:Arial;font-size:9pt;">This underlying mutual fund’s current expenses reflect a temporary fee reduction.</span><span style="color:#000000;font-family:Arial;font-size:10pt;">(2) All references in the prospectus to the Target Fund are deleted and replaced with the Acquiring Fund.</span> <span style="color:#000000;font-family:Arial;font-size:10pt;">The Boards of Directors (the "Board") of American Century Variable Portfolios, Inc. and American Century Variable Portfolios II, Inc. (the "Board"), approved the merger of the following Target Funds (the "Target Fund") into the Lincoln Variable Insurance Products Trust (the "Acquiring Fund"). Subject to shareholder approval, the merger will be effective on or about April 26, 2024 (the "Effective Date").</span><span style="color:#000000;font-family:Arial;font-size:1pt;line-height:1pt;"> </span> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:17.5pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Bottom;width:270.5pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:8pt;font-weight:bold;">Target Fund</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Bottom;width:270.5pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:8pt;font-weight:bold;">Acquiring Fund</span></div></div></td></tr> <tr style="height:29pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios II, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Inflation Protection Fund: Class II</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Inflation Protection Fund: Service Class</span></div></div></td></tr> <tr style="height:29pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Mid Cap Value Fund: Class II</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Mid Cap Value Fund: Service Class</span></div></div></td></tr> <tr style="height:25.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:1.5pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:11pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Value Fund: Class II</span></div></div></td> <td style="padding-bottom:1.5pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:11pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Value Fund: Service Class</span></div></div></td></tr></table><span style="color:#000000;font-family:Arial;font-size:10pt;">As of the Effective Date, the following changes apply to the contract/policy:</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Target Fund will no longer be available to receive transfers or new purchase payments;</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Target Fund will transfer all or substantially all of its assets to the Acquiring Fund in exchange for shares of the Acquiring Fund; and</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Acquiring Fund will assume all liabilities of the Target Fund.</span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;">Accordingly, the following changes apply to the prospectus:</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:21pt;">(1) Appendix A is amended to add the following:</span><span style="color:#000000;font-family:Arial;font-size:1pt;line-height:1pt;"> </span> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:34.5pt;"> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Type</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Underlying Mutual Fund and Adviser/Subadviser</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Current</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Expenses</span></div></div></td> <td colspan="3" style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:119.03pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Average Annual Total</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Returns</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">(as of December 31, 2023)</span></div></div></td></tr> <tr style="height:14pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">1 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">5 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">10 year</span></div></div></td></tr> <tr style="height:64pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Fixed Income</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Inflation Protection Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.77%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">-13.08%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">1.38%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.67%</span></div></div></td></tr> <tr style="height:61.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Equity</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Mid Cap Value Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">1.01%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">-1.38%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">6.61%</span></div></div></td> <td style="padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">10.84%</span></div></div></td></tr></table> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:34.5pt;"> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Type</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Underlying Mutual Fund and Adviser/Subadviser</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Current</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Expenses</span></div></div></td> <td colspan="3" style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:119.03pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Average Annual Total</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Returns</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">(as of December 31, 2023)</span></div></div></td></tr> <tr style="height:14pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">1 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">5 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">10 year</span></div></div></td></tr> <tr style="height:61.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Equity</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Value Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.88%*</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.31%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">7.68%</span></div></div></td> <td style="padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">10.41%</span></div></div></td></tr></table><span style="color:#000000;font-family:Arial;font-size:9pt;">*</span><span style="color:#000000;font-family:Arial;font-size:9pt;">This underlying mutual fund’s current expenses reflect a temporary fee reduction.</span><span style="color:#000000;font-family:Arial;font-size:10pt;">(2) All references in the prospectus to the Target Fund are deleted and replaced with the Acquiring Fund.</span> <span style="color:#000000;font-family:Arial;font-size:10pt;">The Boards of Directors (the "Board") of American Century Variable Portfolios, Inc. and American Century Variable Portfolios II, Inc. (the "Board"), approved the merger of the following Target Funds (the "Target Fund") into the Lincoln Variable Insurance Products Trust (the "Acquiring Fund"). Subject to shareholder approval, the merger will be effective on or about April 26, 2024 (the "Effective Date").</span><span style="color:#000000;font-family:Arial;font-size:1pt;line-height:1pt;"> </span> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:17.5pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Bottom;width:270.5pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:8pt;font-weight:bold;">Target Fund</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Bottom;width:270.5pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:8pt;font-weight:bold;">Acquiring Fund</span></div></div></td></tr> <tr style="height:29pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios II, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Inflation Protection Fund: Class II</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Inflation Protection Fund: Service Class</span></div></div></td></tr> <tr style="height:29pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Mid Cap Value Fund: Class II</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Mid Cap Value Fund: Service Class</span></div></div></td></tr> <tr style="height:25.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:1.5pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:11pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Value Fund: Class II</span></div></div></td> <td style="padding-bottom:1.5pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:11pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Value Fund: Service Class</span></div></div></td></tr></table><span style="color:#000000;font-family:Arial;font-size:10pt;">As of the Effective Date, the following changes apply to the contract/policy:</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Target Fund will no longer be available to receive transfers or new purchase payments;</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Target Fund will transfer all or substantially all of its assets to the Acquiring Fund in exchange for shares of the Acquiring Fund; and</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Acquiring Fund will assume all liabilities of the Target Fund.</span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;">Accordingly, the following changes apply to the prospectus:</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:21pt;">(1) Appendix A is amended to add the following:</span><span style="color:#000000;font-family:Arial;font-size:1pt;line-height:1pt;"> </span> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:34.5pt;"> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Type</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Underlying Mutual Fund and Adviser/Subadviser</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Current</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Expenses</span></div></div></td> <td colspan="3" style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:119.03pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Average Annual Total</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Returns</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">(as of December 31, 2023)</span></div></div></td></tr> <tr style="height:14pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">1 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">5 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">10 year</span></div></div></td></tr> <tr style="height:64pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Fixed Income</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Inflation Protection Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.77%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">-13.08%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">1.38%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.67%</span></div></div></td></tr> <tr style="height:61.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Equity</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Mid Cap Value Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">1.01%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">-1.38%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">6.61%</span></div></div></td> <td style="padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">10.84%</span></div></div></td></tr></table> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:34.5pt;"> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Type</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Underlying Mutual Fund and Adviser/Subadviser</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Current</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Expenses</span></div></div></td> <td colspan="3" style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:119.03pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Average Annual Total</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Returns</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">(as of December 31, 2023)</span></div></div></td></tr> <tr style="height:14pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">1 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">5 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">10 year</span></div></div></td></tr> <tr style="height:61.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Equity</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Value Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.88%*</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.31%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">7.68%</span></div></div></td> <td style="padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">10.41%</span></div></div></td></tr></table><span style="color:#000000;font-family:Arial;font-size:9pt;">*</span><span style="color:#000000;font-family:Arial;font-size:9pt;">This underlying mutual fund’s current expenses reflect a temporary fee reduction.</span><span style="color:#000000;font-family:Arial;font-size:10pt;">(2) All references in the prospectus to the Target Fund are deleted and replaced with the Acquiring Fund.</span> <span style="color:#000000;font-family:Arial;font-size:10pt;">The Boards of Directors (the "Board") of American Century Variable Portfolios, Inc. and American Century Variable Portfolios II, Inc. (the "Board"), approved the merger of the following Target Funds (the "Target Fund") into the Lincoln Variable Insurance Products Trust (the "Acquiring Fund"). Subject to shareholder approval, the merger will be effective on or about April 26, 2024 (the "Effective Date").</span><span style="color:#000000;font-family:Arial;font-size:1pt;line-height:1pt;"> </span> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:17.5pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Bottom;width:270.5pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:8pt;font-weight:bold;">Target Fund</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Bottom;width:270.5pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:8pt;font-weight:bold;">Acquiring Fund</span></div></div></td></tr> <tr style="height:29pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios II, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Inflation Protection Fund: Class II</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Inflation Protection Fund: Service Class</span></div></div></td></tr> <tr style="height:29pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Mid Cap Value Fund: Class II</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Mid Cap Value Fund: Service Class</span></div></div></td></tr> <tr style="height:25.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:1.5pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:11pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Value Fund: Class II</span></div></div></td> <td style="padding-bottom:1.5pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:11pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Value Fund: Service Class</span></div></div></td></tr></table><span style="color:#000000;font-family:Arial;font-size:10pt;">As of the Effective Date, the following changes apply to the contract/policy:</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Target Fund will no longer be available to receive transfers or new purchase payments;</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Target Fund will transfer all or substantially all of its assets to the Acquiring Fund in exchange for shares of the Acquiring Fund; and</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Acquiring Fund will assume all liabilities of the Target Fund.</span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;">Accordingly, the following changes apply to the prospectus:</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:21pt;">(1) Appendix A is amended to add the following:</span><span style="color:#000000;font-family:Arial;font-size:1pt;line-height:1pt;"> </span> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:34.5pt;"> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Type</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Underlying Mutual Fund and Adviser/Subadviser</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Current</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Expenses</span></div></div></td> <td colspan="3" style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:119.03pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Average Annual Total</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Returns</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">(as of December 31, 2023)</span></div></div></td></tr> <tr style="height:14pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">1 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">5 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">10 year</span></div></div></td></tr> <tr style="height:64pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Fixed Income</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Inflation Protection Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.77%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">-13.08%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">1.38%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.67%</span></div></div></td></tr> <tr style="height:61.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Equity</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Mid Cap Value Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">1.01%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">-1.38%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">6.61%</span></div></div></td> <td style="padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">10.84%</span></div></div></td></tr></table> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:34.5pt;"> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Type</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Underlying Mutual Fund and Adviser/Subadviser</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Current</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Expenses</span></div></div></td> <td colspan="3" style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:119.03pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Average Annual Total</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Returns</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">(as of December 31, 2023)</span></div></div></td></tr> <tr style="height:14pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">1 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">5 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">10 year</span></div></div></td></tr> <tr style="height:61.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Equity</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Value Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.88%*</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.31%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">7.68%</span></div></div></td> <td style="padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">10.41%</span></div></div></td></tr></table><span style="color:#000000;font-family:Arial;font-size:9pt;">*</span><span style="color:#000000;font-family:Arial;font-size:9pt;">This underlying mutual fund’s current expenses reflect a temporary fee reduction.</span><span style="color:#000000;font-family:Arial;font-size:10pt;">(2) All references in the prospectus to the Target Fund are deleted and replaced with the Acquiring Fund.</span> <span style="color:#000000;font-family:Arial;font-size:10pt;">The Boards of Directors (the "Board") of American Century Variable Portfolios, Inc. and American Century Variable Portfolios II, Inc. (the "Board"), approved the merger of the following Target Funds (the "Target Fund") into the Lincoln Variable Insurance Products Trust (the "Acquiring Fund"). Subject to shareholder approval, the merger will be effective on or about April 26, 2024 (the "Effective Date").</span><span style="color:#000000;font-family:Arial;font-size:1pt;line-height:1pt;"> </span> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:17.5pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Bottom;width:270.5pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:8pt;font-weight:bold;">Target Fund</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Bottom;width:270.5pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:8pt;font-weight:bold;">Acquiring Fund</span></div></div></td></tr> <tr style="height:29pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios II, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Inflation Protection Fund: Class II</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Inflation Protection Fund: Service Class</span></div></div></td></tr> <tr style="height:29pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Mid Cap Value Fund: Class II</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Mid Cap Value Fund: Service Class</span></div></div></td></tr> <tr style="height:25.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:1.5pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:11pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Value Fund: Class II</span></div></div></td> <td style="padding-bottom:1.5pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:11pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Value Fund: Service Class</span></div></div></td></tr></table><span style="color:#000000;font-family:Arial;font-size:10pt;">As of the Effective Date, the following changes apply to the contract/policy:</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Target Fund will no longer be available to receive transfers or new purchase payments;</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Target Fund will transfer all or substantially all of its assets to the Acquiring Fund in exchange for shares of the Acquiring Fund; and</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Acquiring Fund will assume all liabilities of the Target Fund.</span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;">Accordingly, the following changes apply to the prospectus:</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:21pt;">(1) Appendix A is amended to add the following:</span><span style="color:#000000;font-family:Arial;font-size:1pt;line-height:1pt;"> </span> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:34.5pt;"> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Type</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Underlying Mutual Fund and Adviser/Subadviser</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Current</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Expenses</span></div></div></td> <td colspan="3" style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:119.03pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Average Annual Total</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Returns</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">(as of December 31, 2023)</span></div></div></td></tr> <tr style="height:14pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">1 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">5 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">10 year</span></div></div></td></tr> <tr style="height:64pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Fixed Income</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Inflation Protection Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.77%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">-13.08%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">1.38%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.67%</span></div></div></td></tr> <tr style="height:61.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Equity</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Mid Cap Value Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">1.01%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">-1.38%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">6.61%</span></div></div></td> <td style="padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">10.84%</span></div></div></td></tr></table> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:34.5pt;"> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Type</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Underlying Mutual Fund and Adviser/Subadviser</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Current</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Expenses</span></div></div></td> <td colspan="3" style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:119.03pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Average Annual Total</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Returns</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">(as of December 31, 2023)</span></div></div></td></tr> <tr style="height:14pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">1 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">5 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">10 year</span></div></div></td></tr> <tr style="height:61.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Equity</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Value Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.88%*</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.31%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">7.68%</span></div></div></td> <td style="padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">10.41%</span></div></div></td></tr></table><span style="color:#000000;font-family:Arial;font-size:9pt;">*</span><span style="color:#000000;font-family:Arial;font-size:9pt;">This underlying mutual fund’s current expenses reflect a temporary fee reduction.</span><span style="color:#000000;font-family:Arial;font-size:10pt;">(2) All references in the prospectus to the Target Fund are deleted and replaced with the Acquiring Fund.</span> <span style="color:#000000;font-family:Arial;font-size:10pt;">The Boards of Directors (the "Board") of American Century Variable Portfolios, Inc. and American Century Variable Portfolios II, Inc. (the "Board"), approved the merger of the following Target Funds (the "Target Fund") into the Lincoln Variable Insurance Products Trust (the "Acquiring Fund"). Subject to shareholder approval, the merger will be effective on or about April 26, 2024 (the "Effective Date").</span><span style="color:#000000;font-family:Arial;font-size:1pt;line-height:1pt;"> </span> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:17.5pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Bottom;width:270.5pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:8pt;font-weight:bold;">Target Fund</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Bottom;width:270.5pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:8pt;font-weight:bold;">Acquiring Fund</span></div></div></td></tr> <tr style="height:29pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios II, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Inflation Protection Fund: Class II</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Inflation Protection Fund: Service Class</span></div></div></td></tr> <tr style="height:29pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Mid Cap Value Fund: Class II</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:3.125pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:12.0pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Mid Cap Value Fund: Service Class</span></div></div></td></tr> <tr style="height:25.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:1.5pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:11pt;text-align:left;"> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">American Century Variable Portfolios, Inc. - American Century </span></div> <div style="margin-left:3pt;margin-right:5.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">VP Value Fund: Class II</span></div></div></td> <td style="padding-bottom:1.5pt;padding-top:3.125pt;vertical-align:Top;width:270.5pt;"> <div style="line-height:11pt;text-align:left;"> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American </span></div> <div style="margin-left:5.75pt;margin-right:3pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Century Value Fund: Service Class</span></div></div></td></tr></table><span style="color:#000000;font-family:Arial;font-size:10pt;">As of the Effective Date, the following changes apply to the contract/policy:</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Target Fund will no longer be available to receive transfers or new purchase payments;</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Target Fund will transfer all or substantially all of its assets to the Acquiring Fund in exchange for shares of the Acquiring Fund; and</span><span style="color:#000000;font-family:Arial;font-size:13pt;position:relative;top:1pt;">•</span><span style="color:#000000;font-family:Arial;font-size:10pt;">the Acquiring Fund will assume all liabilities of the Target Fund.</span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;">Accordingly, the following changes apply to the prospectus:</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:21pt;">(1) Appendix A is amended to add the following:</span><span style="color:#000000;font-family:Arial;font-size:1pt;line-height:1pt;"> </span> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:34.5pt;"> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Type</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Underlying Mutual Fund and Adviser/Subadviser</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Current</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Expenses</span></div></div></td> <td colspan="3" style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:119.03pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Average Annual Total</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Returns</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">(as of December 31, 2023)</span></div></div></td></tr> <tr style="height:14pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">1 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">5 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">10 year</span></div></div></td></tr> <tr style="height:64pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Fixed Income</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Inflation Protection Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.77%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">-13.08%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">1.38%</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.67%</span></div></div></td></tr> <tr style="height:61.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Equity</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Mid Cap Value Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">1.01%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">-1.38%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">6.61%</span></div></div></td> <td style="padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">10.84%</span></div></div></td></tr></table> <table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;width:541pt;"> <tr style="height:34.5pt;"> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:62.34pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Type</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:307.62pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Underlying Mutual Fund and Adviser/Subadviser</span></div></div></td> <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:52.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Current</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Expenses</span></div></div></td> <td colspan="3" style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:119.03pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Average Annual Total</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Returns</span></div> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">(as of December 31, 2023)</span></div></div></td></tr> <tr style="height:14pt;"> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:43.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">1 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:36.01pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">5 year</span></div></div></td> <td style="border-bottom:0.5pt solid #000000;padding-bottom:2.125pt;padding-top:2.125pt;vertical-align:Bottom;width:39.51pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">10 year</span></div></div></td></tr> <tr style="height:61.5pt;"> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:62.34pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:3pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Equity</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Top;width:307.62pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Value Fund: Service Class</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">This underlying mutual fund is only available in contracts for which good </span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">order applications were received before April 26, 2024.</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span></div> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Left;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:52.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.88%*</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:43.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">0.31%</span></div></div></td> <td style="border-right:0.5pt solid #000000;padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:36.01pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:4.75pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">7.68%</span></div></div></td> <td style="padding-bottom:5pt;padding-top:2.125pt;vertical-align:Middle;width:39.51pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4.75pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><span style="color:#000000;font-family:Arial;font-size:9pt;">10.41%</span></div></div></td></tr></table><span style="color:#000000;font-family:Arial;font-size:9pt;">*</span><span style="color:#000000;font-family:Arial;font-size:9pt;">This underlying mutual fund’s current expenses reflect a temporary fee reduction.</span><span style="color:#000000;font-family:Arial;font-size:10pt;">(2) All references in the prospectus to the Target Fund are deleted and replaced with the Acquiring Fund.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;">Type</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Fixed Income</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Inflation Protection Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Inflation Protection Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Inflation Protection Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Inflation Protection Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Inflation Protection Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Inflation Protection Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> 0.0077 0.0077 0.0077 0.0077 0.0077 0.0077 0.1308 0.1308 0.1308 0.1308 0.1308 -0.1308 0.0138 0.0138 0.0138 0.0138 0.0138 0.0138 0.0067 0.0067 0.0067 0.0067 0.0067 0.0067 <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Equity</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Mid Cap Value Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Mid Cap Value Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Mid Cap Value Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Mid Cap Value Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Mid Cap Value Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Mid Cap Value Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> 0.0101 0.0101 0.0101 0.0101 0.0101 0.0101 0.0138 0.0138 0.0138 0.0138 0.0138 -0.0138 0.0661 0.0661 0.0661 0.0661 0.0661 0.0661 0.1084 0.1084 0.1084 0.1084 0.1084 0.1084 <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Equity</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Value Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Value Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Value Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Value Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Value Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Lincoln Variable Insurance Products Trust - LVIP American Century </span><span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Value Fund: Service Class</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Advisor: Lincoln Financial Investments Corporation</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">Investment Sub-Advisor: American Century Investment Management, Inc.</span> 0.0088 0.0088 0.0088 0.0088 0.0088 0.0088 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0768 0.0768 0.0768 0.0768 0.0768 0.0768 0.1041 0.1041 0.1041 0.1041 0.1041 0.1041 <span style="color:#000000;font-family:Arial;font-size:9pt;">This underlying mutual fund’s current expenses reflect a temporary fee reduction.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;">This underlying mutual fund’s current expenses reflect a temporary fee reduction.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;">This underlying mutual fund’s current expenses reflect a temporary fee reduction.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;">This underlying mutual fund’s current expenses reflect a temporary fee reduction.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;">This underlying mutual fund’s current expenses reflect a temporary fee reduction.</span> <span style="color:#000000;font-family:Arial;font-size:9pt;">This underlying mutual fund’s current expenses reflect a temporary fee reduction.</span>