AuguStar Variable Account A has announced significant changes that could impact its policyholders. The company’s Board of Directors has approved three reorganizations involving portfolios within its variable annuity contracts and variable life insurance policies. This decision is aimed at enhancing the overall efficiency of the portfolios while potentially lowering costs for policyholders.

These reorganizations are set to take effect as of December 18, 2026, when the assets of the target portfolios will be transferred to their corresponding survivor portfolios. The Board concluded that this move is in the best interests of each portfolio involved, ensuring that the total annual operating expenses of the survivor portfolios are expected to be the same or lower than those of the target portfolios.

Background

AuguStar Variable Account A is an investment entity incorporated in Ohio. As part of the AuguStar Life Insurance Company, it specializes in variable insurance products. The company has been active in filing various forms with the SEC, with the most recent filings occurring on November 3, 2026. The entity has undergone name changes in the past, previously known as Ohio National Variable Account A.

What the Filing Says

The recent SEC filing states, "The Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." This indicates a strategic move towards optimizing the investment structure for better performance and cost management.

Impact

The reorganizations may affect policyholders who have contract value allocated to the target portfolios. Each policyholder will automatically have their investments transitioned to the corresponding survivor portfolios without needing to take action unless they wish to reallocate their investments. This could benefit existing customers by potentially lowering fees and improving portfolio performance.

What's Next

As outlined in the filing, the changes will take place automatically, and policyholders will have the opportunity to make one transfer of contract value without charge from October 19, 2026, through February 16, 2027. An information statement detailing the reorganizations will be available around November 20, 2026, providing further insights into the changes.