Form 497VPU LINCOLN LIFE VARIABLE

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

Lincoln Life Variable Annuity Account N

Lincoln Investor Advantage^®, Lincoln Investor Advantage^® Advisory,

Lincoln Investor Advantage^® Advisory Choice, Lincoln Investor Advantage^® RIA Class,

Lincoln Investor Advantage^® Fee-Based, Lincoln Investor Advantage^® RIA,

Lincoln Investor Advantage^® Pro, Lincoln Investor Advantage^® Pro Advisory,

Lincoln Investor Advantage^® Pro Advisory Choice

Supplement dated June 11, 2025 to the

Updating Summary Prospectus for Current Contractowners dated May 1, 2025

This Supplement to your summary prospectus outlines important changes that become effective on and after June 16, 2025.  These changes are related to Appendix A – Funds Available Under The Contract. All other provisions outlined in your variable annuity prospectus remain unchanged.

The following line items are added to Appendix A – Funds Available Under the Contract:

You can find the fund prospectus and other information about the Contract online at www.lfg.com/VAprospectus. You can also obtain information at no cost by contacting your financial professional or by sending an email request to [email protected].

Please retain this supplement for future reference.