485APOS 1 pea49.htm
As filed with the Securities and Exchange Commission on October 6, 2023
1933 Act Registration No. 333-170695
1940 Act Registration No. 811-05721
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
POST-EFFECTIVE AMENDMENT NO. 49
and
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
AMENDMENT NO. 683
Lincoln National Variable Annuity Account H
(Exact Name of Registrant)
American Legacy® Signature
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
(Name of Depositor)
1301 South Harrison Street
Post Office Box 1110
Fort Wayne, Indiana 46801
(Address of Depositor’s Principal Executive Offices)
Depositor’s Telephone Number, Including Area Code: (260) 455-2000
Craig T. Beazer, Esquire
The Lincoln National Life Insurance Company
150 North Radnor Chester Road
Radnor, PA 19087
(Name and Address of Agent for Service)
Copy to:
Carolyn E. Augur, Esquire
The Lincoln National Life Insurance Company
350 Church Street
Hartford, Connecticut 06103
Approximate Date of Proposed Public Offering: Continuous

It is proposed that this filing will become effective:
/ / immediately upon filing pursuant to paragraph (b) of Rule 485
/ / on __________, pursuant to paragraph (b) of Rule 485
/X/ 60 days after filing pursuant to paragraph (a)(1) of Rule 485
/ / on __________, pursuant to paragraph (a)(1) of Rule 485
Title of Securities being registered:
Interests in a separate account under individual flexible payment deferred variable annuity contracts.


THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
Lincoln National Variable Annuity Account H

American Legacy® Signature

Prospectus Supplement dated December XX, 2023 to the Prospectus dated May 1, 2023
This supplement to the prospectus for your individual variable annuity contract discusses an increase to the fee rate for certain riders offered under your contract. All other provisions in your prospectus remain unchanged. This supplement is for informational purposes and requires no action on your part.

OVERVIEW
If you previously elected one of the Living Benefit Riders listed below, the current fee or rider charge will be increased beginning February 20, 2024. The fee increase will only be applicable upon the earlier of (a) the next Account Value Step-up of the Protected income Base or (b) the next Benefit Year anniversary if cumulative Purchase Payments received after the first Benefit Year anniversary equal or exceed $100,000 or (c) if the Protected Income Base increases as a result of an Enhancement after the tenth Benefit Year anniversary.

•
Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk) riders elected prior to May 21, 2018;
•
4LATER® Advantage (Managed Risk).
Fee Tables – Annual Contract Expenses. The entries for Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk) riders elected prior to May 21, 2018 and 4LATER® Advantage (Managed Risk) are replaced with the following entries:

 
Single Life
Joint Life
Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk) riders elected prior to May 21, 2018*
    
Guaranteed Maximum Annual Charge ………………………………
2.00%
2.00%
   Current Initial Annual Charge………………………………………….
1.25%
1.50%
4LATER® Advantage (Managed Risk)**
    
Guaranteed Maximum Annual Charge ………………………………
2.00%
2.00%
   Current Initial Annual Charge………………………………………….
1.25%
1.50%
*As an annualized percentage of the Protected Income Base, as increased for subsequent Purchase Payments, Account Value Step-ups and Enhancements, and decreased by Excess Withdrawals. This fee is deducted from the Contract Value proportionately on a quarterly basis. This same fee applies when transitioning to the appropriate version of i4LIFE® Advantage Guaranteed Income Benefit.
**As an annualized percentage of the Protected Income Base, as increased for subsequent Purchase Payments, Account Value Step-ups and Enhancements, and decreased by withdrawals. This fee is deducted from the Contract Value proportionately on a quarterly basis. This same fee applies when transitioning to the appropriate version of i4LIFE® Advantage Guaranteed Income Benefit.

Appendix – Charges and Deductions for Discontinued Living Benefit Riders. The entry for 4LATER® Advantage (Managed Risk) on the fee table is replaced with the following entry:

 
Current annual
fee rate
Guaranteed Maximum Annual Fee Rate
 
Single Life
Joint Life
Single Life
Joint Life
 
4LATER® Advantage (Managed Risk)*
 
 
1.25%
 
1.50%
 
 
2.00%
 
2.00%
*Beginning February 20, 2024, the current annual fee rate for the 4LATER® Advantage (Managed Risk) rider increased from 1.05% to 1.25% (single life option); 1.25% to 1.50% (joint life option) upon the earlier of (a) the next Account Value Step-up of the Protected income Base or (b) the next Benefit Year anniversary if cumulative Purchase Payments received after the first Benefit Year anniversary equal or exceed $100,000 or (c) if the Protected Income Base increases as a result of an Enhancement after the tenth Benefit Year anniversary.
If your fee rate is increased, you may opt out of the event that causes the increase by giving us notice within 30 days after the Benefit Year anniversary if you do not want your rate to change. If you opt out, the value of any benefits received will return to the value they were immediately prior to the fee increase, adjusted for additional Purchase Payments or Excess Withdrawals (or all withdrawals under 4LATER® Advantage (Managed Risk). This opt-out will only apply for this particular fee increase and is not available if additional Purchase Payments would cause your fee to increase. You will need to notify us each time the fee rate increases if you want to opt out of subsequent events. To opt out, you may contact us in writing or by telephone (if you have proper authorization for telephone transactions in place). See Charges and Other Deductions – Protected Lifetime Income Fee for complete details about Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk). See the Charges, Fees and Deductions for Discontinued Living Benefit Riders section in an appendix to your prospectus for complete details about 4LATER® Advantage (Managed Risk).
Please note that your contract may not offer every rider discussed in this supplement. This fee increase does not apply to any contracts sold in the state of New York. Complete details about these riders may be found in the prospectus.





Please keep this supplement for future reference.



Part A
The Prospectus for the American Legacy® Signature variable annuity contract, as supplemented, is incorporated herein by reference to Post-Effective Amendment No. 47 (File No. 333-170695) filed on April 14, 2023.
Part B
The Statement of Additional Information for the American Legacy® Signature variable annuity contract, as supplemented, including the financial statement of Lincoln National Variable Annuity Account H, is incorporated herein by reference to Post-Effective Amendment No. 47 (File No. 333-170695) filed on April 14, 2023. The adjusted consolidated financial statements of Lincoln Life are incorporated herein by reference to Post-Effective Amendment No. 48 (File No. 333-170695) filed on May 30, 2023.


Lincoln National Variable Annuity Account H
PART C - OTHER INFORMATION
Item 27. Exhibits
(b) None
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B-3
(h) Fund Participation Agreements among The Lincoln National Life Insurance Company and:
(j) Rule 22c-2 Agreement between The Lincoln National Life Insurance Company and:
B-4
(l)(1) Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm (To Be Filed by Amendment).
(m) Not applicable
(n) Not applicable
Item 28. Directors and Officers of the Depositor
The following list contains the officers and directors of The Lincoln National Life Insurance Company who are engaged directly or indirectly in activities relating to Lincoln National Variable Annuity Account H as well as the contracts. The list also shows The Lincoln National Life Insurance Company's executive officers.  
Name
Positions and Offices with Depositor
Craig T. Beazer*
Executive Vice President, General Counsel and Director
Jayson R. Bronchetti*
Executive Vice President, Chief Investment Officer and Director
Adam M. Cohen*
Senior Vice President and Chief Accounting Officer
Ellen G. Cooper*
President and Director
Stephen B. Harris*
Senior Vice President and Chief Ethics and Compliance Officer
Shantanu Mishra*
Senior Vice President and Treasurer
Christopher M. Neczypor*
Executive Vice President, Chief Financial Officer and Director
Nancy A. Smith*
Senior Vice President and Secretary
Joseph D. Spada**
Vice President and Chief Compliance Officer for Separate Accounts
Eric B. Wilmer***
Assistant Vice President and Director
*Principal business address is 150 N. Radnor-Chester Road, Radnor, PA 19087
**Principal business address is 350 Church Street, Hartford, CT 06103
***Principal business address is 1301 South Harrison Street, Fort Wayne, IN 46802
Item 29. Persons Controlled by or Under Common Control with the Depositor or Registrant
See Exhibit (p) above: Lincoln National Corporation Organization Chart
Item 30. Indemnification
a) Brief description of indemnification provisions.
In general, Article VII of the By-Laws of The Lincoln National Life Insurance Company (Lincoln Life or Company) provides that Lincoln Life will indemnify certain persons against expenses, judgments and certain other specified costs incurred by any such person if he/she is made a party or is threatened to be made a party to a suit or proceeding because he/she was a director, officer, or employee of Lincoln Life, as long as he/she acted in good faith and in a manner he/she reasonably believed to be in the best interests of, or act opposed to the best interests of, Lincoln Life. Certain additional conditions apply to indemnification in criminal proceedings.
In particular, separate conditions govern indemnification of directors, officers, and employees of Lincoln Life in connection with suits by, or in the right of, Lincoln Life.
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Please refer to Article VII of the By-Laws of Lincoln Life (Exhibit no. f(b) hereto) for the full text of the indemnification provisions. Indemnification is permitted by, and is subject to the requirements of, Indiana law.
b) Undertaking pursuant to Rule 484 of Regulation C under the Securities Act of 1933:
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the provisions described in Item 28(a) above or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer, or controlling person of the Registrant in the successful defense of any such action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
Item 31. Principal Underwriter
(a) Lincoln Financial Distributors, Inc. (“LFD”) currently serves as Principal Underwriter for: Lincoln National Variable Annuity Account C; Lincoln National Flexible Premium Variable Life Account D; Lincoln National Variable Annuity Account E; Lincoln National Flexible Premium Variable Life Account F; Lincoln National Flexible Premium Variable Life Account G; Lincoln National Variable Annuity Account H; Lincoln Life & Annuity Variable Annuity Account H; Lincoln Life Flexible Premium Variable Life Account J; Lincoln Life Flexible Premium Variable Life Account K; Lincoln National Variable Annuity Account L; Lincoln Life & Annuity Variable Annuity Account L; Lincoln Life Flexible Premium Variable Life Account M; Lincoln Life & Annuity Flexible Premium Variable Life Account M; Lincoln Life Variable Annuity Account N; Lincoln New York Account N for Variable Annuities; Lincoln Life Variable Annuity Account Q; Lincoln Life Flexible Premium Variable Life Account R; LLANY Separate Account R for Flexible Premium Variable Life Insurance; Lincoln Life Flexible Premium Variable Life Account S; LLANY Separate Account S for Flexible Premium Variable Life Insurance; Lincoln Life Variable Annuity Account T; Lincoln Life Variable Annuity Account W; and Lincoln Life Flexible Premium Variable Life Account Y and Lincoln Life & Annuity Flexible Premium Variable Life Account Y; Lincoln Life Variable Annuity Account JF-H; Lincoln Life Variable Annuity Account JF-I; Lincoln Life Flexible Premium Variable Life Account JF-A; Lincoln Life Flexible Premium Variable Life Account JF-C; Lincoln Life Variable Annuity Account JL-A; Lincoln Life & Annuity Flexible Premium Variable Life Account JA-B; Lincoln Variable Insurance Products Trust; Lincoln Advisors Trust.
(b) Officers and Directors of Lincoln Financial Distributors, Inc.: 
Name
Positions and Offices with Underwriter
Jason M. Gibson*
Vice President and Chief Compliance Officer
Claire H. Hanna**
Secretary
John C. Kennedy**
President, Chief Executive Officer and Director
Shantanu Mishra**
Senior Vice President and Treasurer
William A. Nash***
Senior Vice President and Director
Thomas P. O'Neill**
Senior Vice President, Chief Operating Officer and Head of Financial
Institutions Group
Timothy J. Seifert Sr**
Senior Vice President and Director
*Principal business address is 1301 South Harrison Street, Fort Wayne, IN 46802
**Principal business address is 150 N. Radnor-Chester Road, Radnor, PA 19087
***Principal business address is 3108 Rhett Butler Place, Charlotte, NC 28270
(c) N/A
Item 32. Location of Accounts and Records
This information is provided in the Registrant’s most recent report on Form N-CEN.
Item 33. Management Services
Not Applicable.
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Item 34. Fee Representation
Lincoln Life represents that the fees and charges deducted under the contracts, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Lincoln Life.

SIGNATURES

(a)
As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant has caused this Post-Effective Amendment 49 to the registration statement to be signed on its behalf, in the City of Fort Wayne, and the State of Indiana on this 4th day of October, 2023 at 9:06 am.

Lincoln National Variable Annuity Account H
(Registrant)

American Legacy® Signature

By:                    /s/ Delson R. Campbell
Delson R. Campbell
Vice President, The Lincoln National Life Insurance Company

Signed on its behalf, in the City of Hartford, and the State of Connecticut on this 3rd day of October, 2023 at 4:03 pm.

The Lincoln National Life Insurance Company
(Depositor)

 By:  /s/ Michelle L. Grindle
Michelle L. Grindle
(Signature-Officer of Depositor)
Vice President, The Lincoln National Life Insurance Company


(b)
As required by the Securities Act of 1933, this Amendment to the registration statement has been signed by the following persons in their capacities indicated on October 4, 2023 at 9:06 am.

Signature
Title
 
*/s/ Ellen G. Cooper  
Ellen G. Cooper
 
President and Director
(Principal Executive Officer)
 
*/s/ Christopher M. Neczypor  
Christopher M. Neczypor
 
Executive Vice President, Chief Financial Officer, and Director
 
 
* /s/ Craig T. Beazer  
Craig T. Beazer
 
Executive Vice President and Director
 
* /s/ Jayson R. Bronchetti  
Jayson R. Bronchetti
 
Executive Vice President, Chief Investment Officer, and Director
 
* /s/ Adam M. Cohen  
Adam M. Cohen
 
Senior Vice President and Chief Accounting Officer (Principal Accounting Officer)
 
*/s/ Eric B. Wilmer  
Eric B. Wilmer
 
Assistant Vice President and Director
 
* By          /s/ Delson R. Campbell, Pursuant to a Power of Attorney
       Delson R. Campbell

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