AuguStar Variable Account A has announced significant changes to its investment offerings with the approval of three reorganizations involving its variable annuity and life insurance portfolios. This decision, made by the Board of Directors of the AuguStar Variable Insurance Products Fund, Inc., aims to enhance the overall efficiency of the portfolios while keeping total annual operating expenses the same or lower.

The reorganizations are part of AuguStar's ongoing efforts to optimize its product offerings in a competitive investment landscape. The changes are set to take effect on December 18, 2026, and will involve the transfer of assets from specific target portfolios to their corresponding survivor portfolios. This move is expected to benefit contract owners by ensuring that their investments are managed more effectively.

Background

AuguStar Variable Account A, a part of AuguStar Life Insurance Company, operates under the investment entity type. The company is based in Cincinnati, Ohio, and has a history of providing variable insurance products. Recent filings indicate that the company is actively managing its portfolio offerings to align with market demands.

What the Filing Says

The SEC filing states, "the Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." It further notes that the total annual operating expenses of the survivor portfolio are expected to be the same or lower than those of the target portfolio.

Impact

This reorganization could significantly affect contract owners who have allocated their contract value to the target portfolios listed in the filing. The changes will be automatic, meaning that contract owners do not need to take any action unless they wish to reallocate their investments to other portfolios.

What's Next

Further details regarding the reorganization process will be provided in an information statement/prospectus expected to be available around November 20, 2026. This document will outline the specifics of the reorganizations and provide additional information for contract owners.