Form 497VPU LINCOLN NATIONAL VARIABL

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

Lincoln National Variable Annuity Account H

American Legacy^® Target Date Income B-Share

American Legacy^® Target Date Income Advisory

Supplement dated November 10, 2025 to the

Updating Summary Prospectus for Current Contractowners dated May 1, 2025

Beginning February 17, 2026, the American Legacy^® Target Date Income B-Share and American Legacy^® Target Date Income Advisory variable annuity contracts will no longer be available for purchase. Additionally, the Target Date Income Benefit rider will be closed to new elections on existing contracts.

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

Please retain this supplement for future reference.