AuguStar Variable Account A has announced significant changes to its investment offerings, specifically through three planned reorganizations of its variable annuity and life insurance portfolios. This strategic move is designed to streamline operations and potentially reduce costs for investors. The reorganizations are set to take effect on or about December 18, 2026, and will automatically transfer assets from the targeted portfolios to their corresponding survivor portfolios.

The Board of Directors of the AuguStar Variable Insurance Products Fund, Inc. approved these reorganizations, concluding they are in the best interests of the portfolios involved. The Board emphasized that the total annual operating expenses of the survivor portfolios will be the same or lower than those of the target portfolios, ensuring that investors are not burdened with increased costs.

Background

AuguStar Variable Account A, incorporated in Ohio, operates as an investment entity focused on offering variable annuity and life insurance products. The company is part of AuguStar Life Insurance Company and National Security Life and Annuity Company, which provide various investment options through separate accounts registered with the SEC. The firm has been active in filing updates and prospectuses, with its most recent filings occurring on November 3, 2026.

What the Filing Says

The latest filing, dated November 3, 2026, details the reorganizations, stating, "After considering a number of factors, the Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." The filing also highlights that the changes will be automatic for contract owners, with no action required on their part unless they wish to reallocate their investments.

Impact

The reorganizations will affect contract owners with investments in the targeted portfolios. Those with allocations in the affected portfolios will see their assets transferred to the corresponding survivor portfolios without incurring any additional charges or fees. The filing reassures investors that they can make one transfer of Contract value without charge during a specified period, ensuring flexibility in managing their investments.

What's Next

The next steps include the automatic transfer of assets on December 18, 2026. Additionally, an Information Statement/Prospectus detailing the reorganizations will be available on or about November 20, 2026, providing further clarity on the changes and their implications for investors.