AuguStar Variable Account A has taken a significant step by approving three reorganizations of its variable annuity contracts and life insurance policies. This decision, announced on November 3, 2026, is expected to streamline operations and reduce total annual operating expenses for the involved portfolios. The reorganization is seen as a proactive measure to enhance the value of the investment offerings for contract owners.

The Board of Directors of the AuguStar Variable Insurance Products Fund, Inc. concluded that these changes are in the best interests of the portfolios involved. As of December 18, 2026, the assets of the target portfolios will be transferred to their corresponding survivor portfolios, ensuring that contract owners maintain their investment allocations without interruption.

Background

AuguStar Variable Account A, a part of AuguStar Life Insurance Company, operates within the investment sector. The company is based in Cincinnati, Ohio, and has a history of providing variable annuity contracts and life insurance products. The recent filing is part of a series of updates, with multiple submissions made on November 3, 2026, indicating ongoing activity in its investment offerings.

What the Filing Says

The filing states, "The Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." It also 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 may affect contract owners who have allocated value to the target portfolios. The changes are designed to enhance the efficiency of the investment products offered by AuguStar, potentially benefiting policyholders by reducing costs associated with their investments.

What's Next

Following the approval of these reorganizations, the next steps involve the automatic transfer of assets from the target portfolios to the survivor portfolios on December 18, 2026. Contract owners will receive additional information regarding these changes and can make one transfer of contract value without charge during a specified period.