Lincoln SVUL

Performance Unit Values Fund Profile Prospectus/Reports

Year-end unit values are not available for funds or products introduced after December 31 of the prior year. This data will be calculated after the close of business on December 31 of this year and posted to this site.

¹ International
Investing internationally involves risks not associated with investing solely in the United States, such as currency fluctuation, political risk, differences in accounting and the limited availability of information.

² Small and Mid Cap
Funds that invest small and/or mid-size company stocks typically involve greater risk, particularly in the short term, than those investing in larger, more established companies.

³ Money Market Funds
An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

⁴ Index
An index is unmanaged, and one cannot invest directly in an index.

⁵ Sector Funds
Funds that concentrate investments in one region or industry may carry greater risk than more broadly diversified funds.

⁶ Government Bonds and T-Bills
Government bonds and Treasury bills are backed by the full faith and credit of the U.S. government, and typically pay a fixed rate of return.

⁷ High Yield Bonds
High yield bonds experience higher volatility and increased credit risk when compared to other fixed income investments.

⁸ High Yield Portfolio
The portfolio may invest in high-yield or lower-rated securities, which may provide greater returns but are subject to greater-than-average risk such as increased risk of non-payment or default.

⁹ REIT
REITs involve risk such as refinancing, economic conditions in the real estate industry, changes in property values, dependency on real estate management, and other risks associated with a portfolio that concentrates its investments in one sector or geographic region.

¹⁰ Emerging Markets
Investing in emerging markets can be riskier than investing in well-established foreign markets. International investing involves special risks not found in domestic investing, including increased political, social and economic instability.

¹¹ Profile Funds
Profile funds diversify among various asset classes within a product. While diversification may help reduce the investment risk, it does not ensure a profit or guarantee against a loss.

¹² S&P
"S&P" is a trademark of The McGraw-Hill Companies, Inc. and has been licensed for use by Lincoln Variable Insurance Products Trust and its affiliates. The product is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of purchasing the product. (Please see the Statement of Additional information which sets forth additional disclaimers and limitations of liability on behalf of S&P).

* Fidelity VIP refers to Variable Insurance Products.

** For periods beginning on 1/6/99, Class 2 Fund performance reflects a 12b-1 fee expense which also affects future performance. Ongoing stock market volatility can dramatically change the Fund's short-term performance; current results may differ.

Important Disclosures

This information is based on past performance and is not a guarantee or an indication of future results.

Returns shown reflect all fund management fees and other expenses of the underlying funds (investment options) and a policy level mortality & expense (M&E) charge applied on a daily equivalent basis. The current M&E charge is .80% M&E in all years, guaranteed not to exceed .90%.

Premium loads, cost of insurance, administrative fees and surrender charges are not reflected in these figures. If they were, performance would be significantly lower than shown. Ask your financial advisor for a personalized illustration reflecting all costs.

Investment return and principal value will fluctuate so that the value of redeemed shares may be worth more or less than their original cost. Returns include a change in share price over a given period and reinvestment of dividends and capital gains. Investment Option Inception Date of a particular fund may pre-date its actual inclusion in this variable life insurance product.

Lincoln SVUL, first introduced May 1, 1999, was issued by The Lincoln National Life Insurance Company on policy form LN650. Current policyholders should refer to the Lincoln Life Flexible Premium Variable Life Account R financial statements and the Funds Prospectus for the policy's underlying investment options. To obtain this information, contact your financial advisor or refer to the links on our website, www.LFG.com.

Variable life insurance products are not a deposit, not FDIC-insured, not insured by any federal government agency, not guaranteed by any bank or savings association and may go down in value.

Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates.