AuguStar Variable Account A has taken a significant step by approving three reorganizations involving its variable annuity contracts and variable life insurance policies. This decision, made by the Board of Directors of the AuguStar Variable Insurance Products Fund, Inc., aims to enhance the overall efficiency and effectiveness of its investment offerings.

The reorganizations are designed to ensure that the total annual operating expenses of the surviving portfolios will remain the same or lower than those of the target portfolios. This move is expected to benefit policyholders by potentially reducing costs associated with their investments.

Background

AuguStar Variable Account A is an investment entity based in Cincinnati, Ohio. It operates under the Central Index Key (CIK) 0000073981 and is incorporated in the state of Ohio. The company primarily focuses on variable insurance products, including variable annuity contracts and variable life insurance policies. Recent filings indicate that the company has been active in updating its product offerings, with multiple filings on November 3, 2026.

What the Filing Says

The recent filing states, "After considering a number of factors, the Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." It also mentions that the assets of each target portfolio will be transferred to its corresponding survivor portfolio by the close of business on or about December 18, 2026.

Impact

This reorganization may primarily affect contract owners who have their values allocated to the target portfolios. The changes will be automatic, and policyholders will not need to take any action unless they wish to reallocate their investments. The filing also notes that policyholders can make one transfer of contract value without charge during a specified period after the reorganizations.

What's Next

The filing does not say what happens next, but an Information Statement/Prospectus detailing the reorganizations will be available on or about November 20, 2026. Policyholders will receive a copy of this document, which will provide further insights into the changes.