WIXLIB

Special TermsIn this prospectus, the following terms have the indicated meanings:4LATER Advantage or 4LATER - An option that provides an Income Base during the accumulation period, which canbe used to establish a Guaranteed Income Benefit with i4LIFE Advantage in the future.Account or variable annuity account (VAA) - The segregated investment account, Lincoln National Variable AnnuityAccount H, into which we set aside and invest the assets for the variable side of the contract offered in this prospectus.Account Value - Under i4LIFE Advantage, the initial Account Value is the contract value on the valuation date thati4LIFE Advantage is effective, less any applicable premium taxes. Dur- ing the Access Period, the Account Valueequals the initial Account Value plus investment gains minus losses, regular income payments, Guaranteed IncomeBenefit payments, and withdrawals.Accumulation unit - A measure used to calculate contract value for the variable side of the contract before the annuitycommencement date and to calculate the i4LIFE Advantage Account Value during the Access Period.Annuitant - The person upon whose life the annuity benefit payments are based, and upon whose life a death benefitmay be paid.Annuity commencement date - The valuation date when funds are withdrawn or converted into annuity units or fixeddollar payout for payment of retirement income benefits under the annuity payout option you select.Annuity payout - An amount paid at regular intervals after the annuity commencement date under one of several optionsavailable to the annuitant and/or any other payee. This amount may be paid on a variable or fixed basis, or acombination of both.Annuity unit - A measure used to calculate the amount of annuity payouts for the variable side of the contract after theannuity commencement date. See Annuity Payouts.Beneficiary - The person you choose to receive any death benefit paid if you die before the annuity commencementdate.Contractowner (you, your, owner) - The person who can exer- cise the rights within the contract (decides on investmentallo- cations, transfers, payout option, designates the beneficiary, etc.). Usually, but not always, the contractowner isthe annu- itant.Contract value (may be referenced to as account value in mar- keting materials) - At a given time before the annuitycom- mencement date, the total value of all accumulation units for a contract plus the value of the fixed side of thecontract, if any.Contract year - Each one-year period starting with the effec- tive date of the contract and starting with each contractanniver- sary after that.Death benefit - Before the annuity commencement date, the amount payable to your designated beneficiary if thecontractowner dies or, if selected, to the contractowner if the annuitant dies. See The Contracts - Death Benefit for adescription of the various death benefit options.Good Order - The actual receipt at our Home Office of the requested transaction in writing or by other means we accept,along with all information and supporting legal documentation necessary to effect the transaction. The forms weprovide will identify the necessary documentation. We may, in our sole dis- cretion, determine whether any particulartransaction request is in good order, and we reserve the right to change or waive any good order requirements at anytime.Guaranteed Income Benefit - An option that provides a guar- anteed minimum payout floor for the i4LIFE Advantageregular income payments. The calculation of the Guaranteed Income Benefit or the features applicable to theGuaranteed Income Benefit may vary based on the rider provisions applicable to certain contractowners.Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document

i4LIFE Advantage - An income program which combines periodic variable lifetime income payments with the ability tomake withdrawals during a defined period.Lincoln Life (we, us, our) - The Lincoln National Life Insur- ance Company.Lincoln Lifetime IncomeSM Advantage – Provides minimum guaranteed lifetime periodic withdrawals that may increase.The Lincoln Lifetime IncomeSM Advantage Plus may provide an amount equal to the excess of the initial GuaranteedAmount over the current contract value.Lincoln SmartSecurity Advantage – Provides minimum guar- anteed periodic withdrawals (for life, if the 1 YearAutomatic Step-Up option is chosen), regardless of the investment perfor- mance of the contract and provided certainconditions are met, that may increase due to subsequent purchase payments and step-ups.Living Benefit – A general reference to certain riders that may be available for purchase that provide some type of aminimum guarantee while you are alive. If you select a Living Benefit rider, excess withdrawals may have adverseeffects on the ben- efit, and you may be subject to Investment Requirements. These riders are the Lincoln SmartSecurity Advantage, Lin- coln Lifetime Income AdvantageSM, 4LATER Advantage and i4LIFE Advantage (with orwithout the Guaranteed Income Benefit).Persistency credit - The additional amount credited to the contract after the seventh contract anniversary.Purchase payments - Amounts paid into the contract.4Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document

Subaccount - The portion of the VAA that reflects investments in accumulation and annuity units of a class of aparticular fund available under the contracts. There is a separate subaccount which corresponds to each class of afund.Valuation date - Each day the New York Stock Exchange (NYSE) is open for trading.Valuation period - The period starting at the close of trading (currently 4:00 p.m. New York time) on each day that theNYSE is open for trading (valuation date) and ending at the close of such trading on the next valuation date.5Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document

Expense TablesThe following tables describe the fees and expenses that you will pay when buying, owning, and surrendering thecontract.The first table describes the fees and expenses that you will pay at the time that you buy the contract, surrender thecontract, or transfer contract value between investment options, and/or (if available) the fixed account. State premiumtaxes may also be deducted.Contractowner Transaction Expenses:We may apply an interest adjustment to amounts being withdrawn, surrendered or transferred from a guaranteed period accountonly (except for dollar cost averaging, portfolio rebalancing, cross-reinvestment, withdrawals up to the Maximum AnnualWithdrawal Limit under the Lincoln SmartSecurity Advantage and regular income payments under i4LIFE Advantage). SeeFixed Side of the Contract.The next table describes the fees and expenses that you will pay periodically during the time that you own the contract,not including fund fees and expenses.Annual Account Fee: 35* ( 50 for contracts purchased prior to July 6, 2010)Separate Account Annual Expenses (as a percentage of average daily net assets in the subaccounts):EnhancedGuaranteedWith EstateEnhancementGuarantee ofMinimum Death Principal DeathAccount Value DeathBenefit1.55%0.10%Benefit Rider (EEB)Benefit (EGMDB)Benefit* Mortality and expense risk charge2.05%1.85%1.60%0.10%0.10%0.10%* Administrative charge* Total annual charge for eachsubaccount**2.15%1.95%1.70%1.65%*The account fee will be waived if your contract value is 100,000 or more at the end of any particular contract year. This accountfee may be less in some states and will be waived after the fifteenth contract year. We do not assess the account fee oncontracts issued before June 2, 2003. For contracts purchased prior to July 6, 2010, the account fee will be 50 and will bewaived for any contract value that is equal to or greater than 50,000 on the contract annivrsary.**For contracts purchased before June 6, 2005, (or later in those states that have not approved the contract changes), the totalannual charges are as follows: EEB 1.85%; EGMDB 1.65%; Guarantee of Principal 1.55%; Account Value N/A.In the event of a subsequent death benefit change, the charge will be based on the charges in effect at the time the contract waspurchased.Optional Rider Charges:Lincoln Lifetime IncomeSM Advantage:Lincoln Lifetime IncomeSMAdvantageSingle or Joint Life Option* Guaranteed maximum annualpercentage charge*1.50%* Current annual percentagecharge* **0.90%* Additional charge for LincolnLifetime IncomeSM AdvantagePlus*0.15%*The annual percentage charge is assessed against the Guaranteed Amount (initial purchase payment or contract value at thetime of election) as increased for subsequent purchase payments, Automatic Annual Step-ups, 5% Enhancements, and theCopyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document

200% Step-up and decreased for withdrawals. These changes to the Guaranteed Amount are discussed below. This charge isdeducted from the contract value on a quarterly basis. See Charges and Other Deductions for further information.**For riders purchased before January 20, 2009, the current annual percentage charge will increase from 0.75% to 0.90% uponthe earlier of (a) the next Automatic Annual Step-up of the Guaranteed Amount or (b) the next Benefit Year anniversary ifcumulative purchase payments received after the first Benefit Year anniversary equal or exceed 100,000.6Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document

Lincoln SmartSecurity Advantage:Lincoln SmartSecurity Advantage - 5 Year ElectiveStep-Up option† **Lincoln SmartSecurity Advantage - 1 Year AutomaticStep-Up option- Single Life (and prior version)* Guaranteed maximum annualpercentage charge** Current annual percentagecharge*Lincoln SmartSecurity Advantage - 1 Year AutomaticStep-Up option- Joint Life0.95%1.50%1.50%0.65%0.65%0.80%*The annual percentage charge is assessed against the Guaranteed Amount (initial purchase payment or contract valueat the time of election) as increased for subsequent purchase payments, and step-ups and decreased for withdrawals.This charge is deducted from the contract value on a quarterly basis. See Charges and Other Deductions for furtherinformation.**For riders purchased before January 20, 2009, the current annual percentage charge will increase from 0.45% to 0.65%upon the next election of a step-up of the Guaranteed Amount.†Asof January 16, 2009, the Lincoln SmartSecurity Advantage - 5 Year Elective Step-up option is no longeravailable for purchase.4LATER Advantage:*Guaranteed maximum annual percentage charge* 1.50%*Current annual percentage charge* ** 0.65%*The annual percentage charge for the 4LATER Advantage is multiplied by the Income Base (initial purchase paymentor contract value at the time of election) as increased for subsequent purchase payments, automatic 15%Enhancements, and Resets and decreased for withdrawals. The 4LATER Advantage charge is deducted from thesubaccounts on a quarterly basis.**For riders purchased before January 20, 2009, the current annual percentage charge will increase from 0.50% to 0.65%up

American Legacy III C Share Lincoln National Variable Annuity Account H Individual Variable Annuity Contracts Home Office: The Lincoln National Life Insurance Company 1300 South Clinton Street Fort Way