Form 497VPU LINCOLN LIFE FLEXIBLE

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

Lincoln Life Flexible Premium Variable Life Account M

Lincoln VUL^ONE, Lincoln VUL^ONE 2005, Lincoln VUL^ONE 2007, Lincoln VUL^ONE 2012, Lincoln VUL^ONE 2014, Lincoln VUL^ONE 2019, Lincoln VUL^ONE 2021, Lincoln VUL^CV-IV, Lincoln VUL^DB-IV, Lincoln AssetEdge^® VUL, Lincoln AssetEdge^® VUL 2015, Lincoln AssetEdge^® VUL 2019, Lincoln AssetEdge^® VUL 2019-2, Lincoln AssetEdge^® VUL 2020, Lincoln AssetEdge^® VUL 2022, Lincoln AssetEdge^® VUL 2022-2, Lincoln AssetEdge^® VUL 2025, Lincoln AssetEdge^® VUL 2025-2, Lincoln LifeGoals^®

Supplement dated May 1, 2026 to the

Updating Summary Prospectus for Existing Owners dated May 1, 2026

This Supplement to your summary prospectus outlines changes to certain investment options under your variable life insurance policy.  All other provisions outlined in your prospectus, as supplemented, remain unchanged.

Effective May 1, 2026, the following American Funds Insurance Series fund names will be updated as follows:

You can obtain information by contacting your registered representative, online at www.lfg.com/vulprospectus, or by sending an email request to [email protected].

Please retain this supplement for future reference.