Llany Separate Account S for Flexible Premium Variable Life Insurance

05/01/2026 | Press release | Distributed by Public on 05/01/2026 07:12

Updating Summary Prospectus (Form 497VPU)


LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK

LLANY Separate Account S for Flexible Premium Variable Life Insurance
Lincoln Corporate Variable 5, Lincoln Corporate Commitment® VUL

Supplement Dated May 1, 2026 to the
Updating Summary Prospectus for Existing Owners Dated May 1, 2026

If your financial advisor is a member of M Financial Group:

This supplement provides information about four additional funds offered under your Policy. A separate funds prospectus supplement for these four funds has also been prepared, and should be presented to you along with this product prospectus supplement. Except as amended by this supplement, all information in your product prospectus applies. The funds and their investment advisers and objectives are listed below.

Investment Objective
Fund and Adviser/Sub-adviser
Current Expenses
Average Annual Total
Returns (as of 12/31/2025)
1 Year
5 Year
10 Year
Long-term capital appreciation.
M Capital Appreciation Fund
advised by M Financial Investment Advisers, Inc.
This fund is available only to existing policy holders as of May 18, 2009. Consult your financial adviser.
0.95%
18.06%
9.10%
11.24%
Long-term capital appreciation.
M International Equity Fund
advised by M Financial Investment Advisers, Inc.
This fund is available only to existing policy holders as of May 18, 2009. Consult your financial adviser.
0.62%
32.44%
8.77%
6.99%
Long-term capital appreciation.
M Large Cap Growth Fund
advised by M Financial Investment Advisers, Inc.
This fund is available only to existing policy holders as of May 18, 2009. Consult your financial adviser.
0.53%
19.61%
12.43%
15.06%
Long-term capital appreciation.
M Large Cap Value Fund
advised by M Financial Investment Advisers, Inc.
This fund is available only to existing policy holders as of May 18, 2009. Consult your financial adviser.
0.60%
17.31%
13.92%
9.61%



Please retain this Supplement for future reference.



Llany Separate Account S for Flexible Premium Variable Life Insurance published this content on May 01, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 01, 2026 at 13:12 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]