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633 West 5th Street Suite 4900 Los Angeles, CA 90071 -2032
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September 12, 2025
Lincoln Variable Insurance Products Trust
P.O. Box 2340
Fort Wayne, Indiana 46801
| Re: | Registration Statement on Form N-14 |
Ladies and Gentlemen:
We have acted as counsel to the Lincoln Variable Insurance Products Trust, a statutory trust duly organized and validly existing under the laws of the State of Delaware (the “Trust”), and we have a general familiarity with the Trust’s business operations, practices and procedures. You have asked for our opinion regarding the issuance of Trust shares of beneficial interest in connection with a certain Trust series (the “Acquiring Fund”) acquiring the assets of a certain other Trust series (the “Acquired Fund”), respectively, as set forth below:
| Acquiring Fund (issuing shares) |
Acquired Fund (transferring assets) | |||
| LVIP Franklin Templeton Core Bond Fund |
g | LVIP Western Asset Core Bond Fund |
The Acquiring Fund’s shares issued will be registered on a Form N-14 Registration Statement (the “Registration Statement”), to be filed by the Trust with the U.S. Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933 (the “1933 Act”).
We have examined originals or certified copies, or copies otherwise identified to our satisfaction as being true copies, of various corporate records of the Trust and such other instruments, documents and records as we have deemed necessary in order to render this opinion. We have assumed the genuineness of all signatures, the authenticity of all documents examined by us and the correctness of all statements of fact contained in those documents.
On the basis of, and subject to, the foregoing, it is our opinion that the authorized shares of beneficial interest of the Acquiring Fund being registered under the 1933 Act in the Registration Statement have been duly authorized and will be legally and validly issued, fully paid and non-assessable by the Trust when issued in connection with the transfer of the assets of the Acquired Fund pursuant to the terms of the form of Agreement and Plan of Reorganization included in the Registration Statement.
The opinion expressed herein is limited to the laws of the State of Delaware and the federal securities laws of the United States. We express no opinion herein with respect to the effect or applicability of the law of any other jurisdiction. We express no opinion as to any other matter other than as expressly set forth above, and no other opinion is intended or may be inferred