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Form 497VPU Lincoln Life Flexible

April 22, 2026 2:17 PM EDT
Lincoln Ensemble® II VUL
The Lincoln National Life Insurance Company
Updating Summary Prospectus for Existing Owners
May 1, 2026
Lincoln Life Flexible Premium Variable Life Account JF-A
This updating summary prospectus summarizes certain changes to key features of the Policy. You should read this updating summary prospectus carefully, particularly the section titled Important Information You Should Consider About The Policy.
The prospectus for the Policy contains more information about the Policy, including its features, benefits, and risks. You can find the current prospectus and other information about the Policy online at www.lfg.com/VULprospectus. You can also obtain this information at no cost by calling 1-800-487-1485 or by sending an email request to [email protected].
Additional information about certain investment products, including variable life insurance policies, has been prepared by the Securities and Exchange Commission’s staff and is available at Investor.gov.
You should review the prospectuses for the funds and keep all prospectuses for future reference. All prospectuses and other shareholder reports will be made available on www.lfg.com/VULprospectus.
The Securities and Exchange Commission has not approved or disapproved these securities or determined this prospectus is accurate or complete. Any representation to the contrary is a criminal offense.
Updated Information about your Policy
The information in this Updating Summary Prospectus is a summary of certain Policy features that have changed since the prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your Policy, and not all changes may be applicable to you.
Summary of Fund Changes:
The following is a summary of changes to the list of funds available under the Policy. Additional information including investment objectives, current expenses and average annual total returns is available in Appendix A: Funds Available Under The Policy.
Fund Name Changes: 
Former Fund Name
New Fund Name
LVIP Franklin Templeton Global Equity
Managed Volatility Fund
LVIP Global Equity Managed Volatility
Fund
LVIP Macquarie Bond Fund
LVIP Franklin Templeton Core Bond Fund
LVIP Macquarie High Yield Fund
LVIP Nomura High Yield Fund
LVIP SSGA Global Tactical Allocation
Managed Volatility Fund
LVIP State Street Global Tactical Allocation
Managed Volatility Fund
LVIP SSGA S&P 500 Index Fund
LVIP State Street S&P 500 Index Fund
LVIP SSGA Small-Cap Index Fund
LVIP State Street Small-Cap Index Fund
1
IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY 
 
FEES AND EXPENSES
Location in
Prospectus
Charges for
Early
Withdrawals
For a Full Surrender or partial withdrawal, for up to 10 years from the
date of the Policy and up to 10 years from each increase in Specified
Amount, you could pay a Surrender Charge of up to $60.55 (6.055%)
per $1,000 of the Specified Amount.
For example, if your Policy has a Specified Amount of $100,000 and you
surrender your Policy or take an early withdrawal, you could be assessed
a charge of up to $6,055.
•Policy
Charges and
Fees
Transaction
Charges
In addition to Surrender Charges, you may also be charged for other
transactions, such as when you make a Premium Payment, transfer
Policy Value between Divisions, take a partial withdrawal or exercise
certain benefits.
•Policy
Charges and
Fees
Ongoing Fees
and Expenses
(annual
charges)
•In addition to Surrender Charges and transaction charges, there are
certain ongoing fees and expenses that are charged annually, monthly
or daily.
•These fees include the Cost of Insurance Charge under the Policy,
optional benefit charges, Administrative Fees, Mortality and Expense
Risk Charges and Policy Loan Interest.
•Certain fees are set based on characteristics of the Insured (e.g., age,
gender, and rating classification). You should review your Policy
Specifications page for rates applicable to you.
•Owners will also bear expenses associated with the Portfolios under
the Policy, as shown in the following table:
•Policy
Charges and
Fees
Annual Fee
Minimum
Maximum
Portfolio Fees and Expenses*
0.17%
1.73%
*As a percentage of Portfolio assets.
 
RISKS
Location in
Prospectus
Risk of Loss
You can lose money by investing in the Policy, including loss of
principal.
•Principal
Risks of
Investing in
the Policy
Not a Short-
Term Investment
•This Policy is not a short-term investment vehicle and is not
appropriate for an investor who needs ready access to cash.
•Surrender Charges apply for up to 10 years from the Policy Date and
up to 10 years from the date of any increase in your Specified Amount.
•Charges may reduce the value of your Policy and death benefit.
•Tax deferral is more beneficial to investors with a long-time horizon.
•Principal
Risks of
Investing in
the Policy
•Policy
Charges and
Fees
2
 
RISKS
Location in
Prospectus
Risks
Associated with
Investment
Options
•An investment in the Policy is subject to the risk of poor investment
performance of the investment options. Performance can vary
depending on the performance of the investment options available
under the Policy.
•Each investment option (including a General Account investment
option) has its own unique risks. You should review each Portfolio’s
prospectus before making an investment decision.
•Principal
Risks of
Investing in
the Policy
Insurance
Company Risks
•Any obligations, guarantees, and benefits of the contract including the
General Account investment option are subject to the claims-paying
ability of Lincoln Life. If Lincoln Life experiences financial distress, it
may not be able to meet its obligations to you. More information about
Lincoln Life, including its financial strength ratings, is available upon
request from Lincoln Life by calling 1-800-487-1485 or by visiting
https://www.lfg.com/public/aboutus/investorrelations/
financialinformation.
•You may obtain our audited statutory financial statements, any
unaudited statutory financial statements that may be available as well
as ratings information by visiting our website at www.lfg.com/
VULprospectus.
•Principal
Risks of
Investing in
the Policy
•Lincoln Life,
the Separate
Account and
the General
Account
Policy Lapse
•Sufficient Premiums must be paid to keep your Policy in force. There
is a risk of lapse if Premiums are too small in relation to the insurance
amount and if investment results of the Divisions you have chosen are
adverse or are less favorable than anticipated.
•Outstanding Policy Loans (plus interest) and Partial Surrenders will
increase the risk of lapse. The death benefit will not be paid if the
Policy has lapsed.
•Principal
Risks of
Investing in
the Policy
•Lapse and
Reinstatement
 
RESTRICTIONS
Location in
Prospectus
Investments
•We reserve the right to charge for each transfer between Divisions in
excess of 24 transfers per year.
•We reserve the right to add, remove, or substitute Divisions as
investment options under the Policy, subject to state or federal laws
and regulations. A Portfolio may be merged into another Portfolio. A
Portfolio may discontinue offering their shares to the Divisions.
•There are significant limitations on your right to transfer amounts in
the General Account and, due to these limitations, if you want to
transfer the entire balance of the General Account to one or more
Divisions, it may take several years to do so.
•Charges &
Fees
Assessed
Against The
Separate
Account
•Fund
Additions,
Deletions or
Substitutions
•Transfers
3
 
RESTRICTIONS
Location in
Prospectus
Optional
Benefits
•Riders may alter the benefits or charges in your Policy. Rider
availability and benefits may vary by state of issue or selling broker-
dealer and their election may have tax consequences. Riders may have
restrictions or limitations, and we may modify or terminate a rider, as
allowed. If you elect a particular rider, it may restrict or enhance the
terms of your policy, or restrict the availability or terms of other riders
or Policy features.
•Other Benefits
Available
Under the
Policy
 
TAXES
Location in
Prospectus
Tax Implications
•You should always consult with a tax professional to determine the tax
implications of an investment in and payments received under the
Policy.
•Withdrawals will be subject to ordinary income tax, and may be
subject to tax penalties.
•There is no additional tax benefit to you if the Policy is purchased
through a tax-qualified plan or individual retirement account (IRA).
•Tax Issues
 
CONFLICTS OF INTEREST
Location in
Prospectus
Investment
Professional
Compensation
•Investment professionals typically receive compensation for selling the
Policy to investors.
•Registered representatives may have a financial incentive to offer or
recommend the Policy over another investment for which the
investment professional is not compensated (or compensated less).
•Registered representatives may be eligible for certain cash and non-
cash benefits. Cash compensation includes bonuses and allowances
based on factors such as sales, productivity and persistency. Non-
cash compensation includes various recognition items such as prizes
and awards as well as attendance at, and payment of the costs
associated with attendance at, conferences, seminars and recognition
trips, and also includes contributions to certain individual plans such
as pension and medical plans.
•Distribution of
the Policies
and
Compensation
Exchanges
•Some investment professionals may have a financial incentive to offer
you a new contract in place of the one you already own. You should
only exchange your Policy if you determine, after comparing the
features, fees, and risks of both policies, that it is preferable for you to
purchase the new policy rather than continue to own the existing
policy.
•Change of
Plan (located
in the SAI)
4
APPENDIX A: FUNDS AVAILABLE UNDER THE POLICY
The following is a list of Underlying Funds currently available under the Policy. More information about the Underlying Funds is available in the prospectuses for the funds, which may be amended from time to time and can be found online at www.lfg.com/VULprospectus. You can also request this information at no cost by calling 1-800-487-1485 or by sending an email request to [email protected].
The current expenses and performance information below reflects fees and expenses of the funds, but does not reflect the other fees and expenses that your Policy may charge. Expenses would be higher and performance would be lower if these charges were included. Each fund’s past performance is not necessarily an indication of future performance.  
Investment Objective
Fund and
Adviser/Sub-adviser1
Current
Expenses
Average Annual Total
Returns (as of 12/31/2025)
 
 
 
1 year
5 year
10 year
Growth of capital.
American Funds® IS Growth Fund
- Class 2
advised by Capital Research and
Management Company
0.58%
20.24%
13.37%
17.97%
Long-term growth of capital and
income.
American Funds® IS Growth-
Income Fund - Class 2
advised by Capital Research and
Management Company
0.53%
18.06%
13.90%
13.92%
To replicate, as closely as
possible, before the deduction of
expenses, the performance of the
Russell 2000® Index, which
emphasizes stocks of small U.S.
companies.
DWS Small Cap Index VIP
Portfolio - Class B
advised by DWS Investment
Management Americas, Inc.
0.66%2
12.37%
5.54%
9.03%
Long-term capital appreciation.
Fidelity® VIP Contrafund®
Portfolio - Initial Class
0.54%
21.52%
15.37%
15.78%
Reasonable income with
consideration of the potential for
capital appreciation.
Fidelity® VIP Equity-Income
Portfolio - Initial Class
0.46%
19.02%
12.51%
11.60%
To achieve capital appreciation.
Fidelity® VIP Growth Portfolio -
Initial Class
0.55%
14.92%
13.70%
17.45%
A high level of current income,
while also considering growth of
capital.
Fidelity® VIP High Income
Portfolio - Initial Class
0.81%2
10.36%
4.22%
5.59%
As high a level of current income
as is consistent with the
preservation of capital.
Fidelity® VIP Investment Grade
Bond Portfolio - Service Class 2
0.62%
6.93%
-0.21%
2.45%
Long-term growth of capital.
Fidelity® VIP Mid Cap Portfolio -
Service Class 2
0.80%
11.49%
9.83%
10.31%
Long-term total return.
Franklin Small Cap Value VIP Fund
- Class 2
0.91%2
7.65%
8.86%
9.81%
A-1
Investment Objective
Fund and
Adviser/Sub-adviser1
Current
Expenses
Average Annual Total
Returns (as of 12/31/2025)
 
 
 
1 year
5 year
10 year
Long-term growth of capital.
Goldman Sachs VIT Strategic
Growth Fund - Institutional Shares
0.70%2
17.92%
12.75%
16.41%
Long-term growth of capital.
LVIP AllianceBernstein Large Cap
Growth Fund - Standard Class
advised by Lincoln Financial
Investments Corporation
0.63%2
14.00%
8.45%
13.65%
Capital growth.
LVIP American Century
International Fund - Standard
Class II
advised by Lincoln Financial
Investments Corporation
0.95%2
15.98%
1.85%
6.42%
Long-term capital growth.
LVIP American Century Ultra®
Fund - Standard Class
advised by Lincoln Financial
Investments Corporation
0.65%2
12.95%
N/A
N/A
Long-term capital growth; income
is a secondary consideration.
LVIP American Century Value
Fund - Service Class
advised by Lincoln Financial
Investments Corporation
0.86%2
15.85%
11.47%
10.07%
Capital appreciation.
LVIP Blended Mid Cap Managed
Volatility Fund - Standard Class
advised by Lincoln Financial
Investments Corporation
This fund is available only to
existing Owners as of May 9,
2016. Consult your registered
representative.
0.72%2
2.90%
4.58%
9.91%
Long-term capital appreciation.
LVIP Dimensional U.S. Core Equity
1 Fund - Service Class
advised by Lincoln Financial
Investments Corporation
0.74%2
15.26%
12.75%
13.27%
Maximum current income (yield)
consistent with a prudent
investment strategy.
LVIP Franklin Templeton Core
Bond Fund - Service Class
advised by Lincoln Financial
Investments Corporation
0.72%
6.87%
-0.79%
1.88%
A high level of current income
with some consideration given to
growth of capital. A fund of funds.
LVIP Global Conservative
Allocation Managed Risk Fund -
Standard Class
advised by Lincoln Financial
Investments Corporation
0.80%2
9.79%
3.39%
4.90%
A-2
Investment Objective
Fund and
Adviser/Sub-adviser1
Current
Expenses
Average Annual Total
Returns (as of 12/31/2025)
 
 
 
1 year
5 year
10 year
Long-term capital growth.
LVIP Global Equity Managed
Volatility Fund - Standard Class
advised by Lincoln Financial
Investments Corporation
This fund is available only to
existing Owners as of May 9,
2016. Consult your registered
representative.
0.70%2
13.51%
9.09%
8.29%
A balance between a high level of
current income and growth of
capital, with a greater emphasis
on growth of capital. A fund of
funds.
LVIP Global Growth Allocation
Managed Risk Fund - Standard
Class
advised by Lincoln Financial
Investments Corporation
0.79%2
13.54%
5.57%
6.20%
A balance between a high level of
current income and growth of
capital, with an emphasis on
growth of capital. A fund of funds.
LVIP Global Moderate Allocation
Managed Risk Fund - Standard
Class
advised by Lincoln Financial
Investments Corporation
0.80%2
11.52%
4.70%
5.65%
Current income while maintaining
a stable value of the investors'
shares and preserving the value of
the investors' initial investment.
LVIP Government Money Market
Fund - Standard Class
advised by Lincoln Financial
Investments Corporation
0.38%2
3.97%
2.98%
1.87%
Current income and some capital
appreciation. A fund of funds.
LVIP JPMorgan Retirement
Income Fund - Standard Class
advised by Lincoln Financial
Investments Corporation
0.68%2
12.10%
4.39%
5.54%
Long-term capital appreciation.
LVIP JPMorgan Select Mid Cap
Value Managed Volatility Fund -
Standard Class
advised by Lincoln Financial
Investments Corporation
This fund is available only to
existing Owners as of May 9,
2016. Consult your registered
representative.
0.78%2
1.51%
9.02%
7.33%
Long-term capital appreciation.
LVIP MFS International Growth
Fund - Standard Class
advised by Lincoln Financial
Investments Corporation
0.79%2
19.11%
7.09%
9.73%
Capital appreciation.
LVIP MFS Value Fund - Standard
Class
advised by Lincoln Financial
Investments Corporation
0.61%2
13.06%
10.00%
10.10%
A-3
Investment Objective
Fund and
Adviser/Sub-adviser1
Current
Expenses
Average Annual Total
Returns (as of 12/31/2025)
 
 
 
1 year
5 year
10 year
Total return and, as a secondary
objective, high current income.
LVIP Nomura High Yield Fund -
Standard Class
advised by Lincoln Financial
Investments Corporation
0.72%2
9.26%
4.07%
5.88%
Long-term growth of capital. A
fund of funds.
LVIP State Street Global Tactical
Allocation Managed Volatility Fund
- Standard Class
advised by Lincoln Financial
Investments Corporation
(formerly LVIP SSGA Global
Tactical Allocation Managed
Volatility Fund) This fund is
available only to existing Owners
as of May 9, 2016. Consult your
registered representative.
0.61%2
14.37%
6.61%
6.63%
To approximate as closely as
practicable, before fees and
expenses, the total rate of return
of common stocks publicly traded
in the United States, as
represented by the S&P 500
Index.
LVIP State Street S&P 500 Index
Fund - Standard Class3
advised by Lincoln Financial
Investments Corporation
(formerly LVIP SSGA S&P 500
Index Fund)
0.23%
17.60%
14.16%
14.55%
To approximate as closely as
practicable, before fees and
expenses, the performance of the
Russell 2000® Index, which
emphasizes stocks of small U.S.
companies.
LVIP State Street Small-Cap Index
Fund - Standard Class
advised by Lincoln Financial
Investments Corporation
(formerly LVIP SSGA Small-Cap
Index Fund)
0.38%2
12.46%
5.73%
9.18%
The highest total return over time
consistent with an emphasis on
both capital growth and income. A
fund of funds.
LVIP T. Rowe Price 2020 Fund -
Standard Class
advised by Lincoln Financial
Investments Corporation
This fund is available only to
existing Owners as of May 18,
2009. Consult your registered
representative.
0.64%2
13.02%
5.48%
6.87%
The highest total return over time
consistent with an emphasis on
both capital growth and income. A
fund of funds.
LVIP T. Rowe Price 2030 Fund -
Standard Class
advised by Lincoln Financial
Investments Corporation
This fund is available only to
existing Owners as of May 18,
2009. Consult your registered
representative.
0.67%2
14.99%
6.85%
7.87%
A-4
Investment Objective
Fund and
Adviser/Sub-adviser1
Current
Expenses
Average Annual Total
Returns (as of 12/31/2025)
 
 
 
1 year
5 year
10 year
The highest total return over time
consistent with an emphasis on
both capital growth and income. A
fund of funds.
LVIP T. Rowe Price 2040 Fund -
Standard Class
advised by Lincoln Financial
Investments Corporation
This fund is available only to
existing Owners as of May 18,
2009. Consult your registered
representative.
0.71%2
18.14%
8.89%
9.21%
Long-term capital appreciation.
LVIP Wellington SMID Cap Value
Fund - Standard Class
advised by Lincoln Financial
Investments Corporation
0.78%2
2.42%
9.24%
8.53%
Capital appreciation.
MFS® VIT Research Series - Initial
Class
advised by Massachusetts
Financial Services Company
This fund is available only to
Policyholders who were allocating
Net Premium to the Portfolio
effective May 1, 2004.
0.74%2
12.85%
11.15%
12.93%
Total return.
MFS® VIT Utilities Series - Initial
Class
advised by Massachusetts
Financial Services Company
0.78%2
15.01%
7.64%
9.49%
Maximum total return, consistent
with preservation of capital and
prudent investment management.
PIMCO VIT Total Return Portfolio -
Administrative Class
advised by Pacific Investment
Management Company, LLC
0.73%
8.89%
0.02%
2.36%
Investment results, before fees
and expenses, that track the
performance of the ProFunds Asia
30 Index (the “index”).
ProFund® VP Asia 30
1.68%2
24.12%
-2.31%
5.18%
Investment results, before fees
and expenses, that track the
performance of the ProFunds
Europe 30 Index.
ProFund® VP Europe 30
1.68%2
29.59%
12.78%
8.01%
Investment results, before fees
and expenses, that track the
performance of the S&P Financial
Select Sector Index.
ProFund® VP Financials
1.68%2
12.90%
12.77%
11.04%
Investment results, before fees
and expenses, that track the
performance of the S&P Health
Care Select Sector Index..
ProFund® VP Health Care
1.68%2
12.56%
5.50%
8.02%
A-5
Investment Objective
Fund and
Adviser/Sub-adviser1
Current
Expenses
Average Annual Total
Returns (as of 12/31/2025)
 
 
 
1 year
5 year
10 year
Investment results, before fees
and expenses, that track the
performance of the S&P 500®
Growth Index (the “index”).
ProFund® VP Large-Cap Growth
1.68%2
19.96%
13.07%
14.95%
Investment results, before fees
and expenses, that track the
performance of the S&P 500®
Value Index.
ProFund® VP Large-Cap Value
1.68%2
11.37%
11.09%
9.89%
Daily investment results, before
fees and expenses, that
correspond to one and one-
quarter times the inverse (-1.25x)
of the daily price movement of the
most recently issued 30-Year U.S.
Treasury Bond.
ProFund® VP Rising Rates
Opportunity
1.59%
1.67%
14.28%
0.27%
Investment results, before fees
and expenses, that correspond to
the performance of the S&P Small
Cap 600® Growth Index.
ProFund® VP Small-Cap Growth
1.68%2
3.62%
3.79%
7.98%
Investment results, before fees
and expenses, that correspond to
the performance of the S&P
SmallCap 600® Value Index (the
“index”).
ProFund® VP Small-Cap Value
1.68%2
5.00%
7.17%
7.81%
Investment results, before fees
and expenses, that track the
performance of the S&P
Technology Select Sector Index.
ProFund® VP Technology
1.58%
22.60%
15.01%
20.16%
Daily investment results, before
fees and expenses, that
correspond to one and one-
quarter times (1.25x) the daily
performance of the most recently
issued Long Bond.
ProFund® VP U.S. Government
Plus
1.38%2
1.17%
-13.73%
-3.45%
Long-term capital appreciation.
T. Rowe Price Mid-Cap Growth
Portfolio - Class II
This fund is available only to
Policyholders who were allocating
Net Premium to the Portfolio
effective May 1, 2004.
1.09%
3.29%
3.58%
9.54%
Long-term capital growth.
Templeton Foreign VIP Fund -
Class 1
0.83%2
29.51%
8.52%
6.01%
A-6
Investment Objective
Fund and
Adviser/Sub-adviser1
Current
Expenses
Average Annual Total
Returns (as of 12/31/2025)
 
 
 
1 year
5 year
10 year
To track the performance of the
CRSP US Mid Cap Index that
measures the investment return of
mid-capitalization stocks.
Vanguard® VIF Mid-Cap Index
Portfolio
0.17%
11.54%
8.46%
10.77%
To provide a high level of income
and moderate long-term capital
appreciation by tracking the
performance of the MSCI US
Investable Market Real Estate 25/
50 Index.
Vanguard® VIF Real Estate Index
Portfolio
0.26%
3.11%
4.51%
5.08%
To provide long-term capital
appreciation.
Vanguard® VIF Small Company
Growth Portfolio
advised by ArrowMark Colorado
Holdings, LLC (ArrowMark
Partners)
0.29%
6.11%
3.81%
9.61%
1
The name of the adviser or sub-adviser is not listed if the name is incorporated into the name of the Underlying Fund or the fund company.
2
This fund is subject to an expense reimbursement or a fee waiver arrangement. As a result, this fund’s annual expenses reflect temporary expense reductions. See the fund prospectus for additional information.
3
The Index to which this fund is managed to is a product of S&P Dow Jones Indices LLC (SPDJI) and has been licensed for use by one or more of the portfolio’s service providers (licensee). Standard & Poor’s®, S&P®, S&P GSCI® and S&P 500® are registered trademarks of S&P Global, Inc. or its affiliates (S&P) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). The trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by the licensee. The licensee’s products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or their third party licensors, and none of these parties or their respective affiliates or third party licensors make any representation regarding the advisability of investing in such products, nor do they have liability for any errors, omissions, or interruptions of the Index.
A-7
This updating summary prospectus incorporates by reference the prospectus and Statement of Additional Information (SAI) for the Policy, both dated May 1, 2026, as may be amended or supplemented from time to time. The SAI may be obtained, free of charge, in the same manner as the prospectus.
SEC File Nos.:
333-144274; 811-04160
EDGAR Contract Identifier:
C000052171

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