Out of curiosity, what fraction of Android OEMs push these security updates promptly (or equivalently what fraction of Android phones receive these kind of updates regularly)?
To me, the takeaway from this is that unless you are using a "flagship" device, or one sold directly by Google, you're probably not getting updates in a timely manner.
Note that not all vulnerabilities are/can be patched by LineageOS, regardless of what the security patch level claims. Your device maintainer needs to actively merge patches into the kernel/device (see [0], note that this list relies on maintainers to update it). In addition, binary blob firmware needs to be patched by the manufacturer (e.g. Broadcom wi-fi exploits), which won't happen for devices that are out of support.
My five-year-old Samsung S3 for Verizon stopped receiving updates less than 2 years after its release. The bootloader is locked tight, so I am unable to install any custom ROMs such as Lineage OS.
My phone screen was eaten alive by fungi last week, so I had a look at the field to pick a new device. Discovered Lineage OS, super keen. Unfortunately, its device support is crap.
My TV came with no on-screen menus but a tablet you use to interact with most features and settings: it's on the June... 2016 patch set. It was over half of year out of date before I took it out of the box.