AuguStar Variable Account R has announced significant changes regarding its variable annuity contracts and life insurance policies. The company’s Board of Directors has approved three reorganizations that will take effect on December 18, 2026. This move is intended to enhance operational efficiency and potentially reduce costs for policyholders.

The reorganizations involve transferring assets from target portfolios to corresponding survivor portfolios, which are expected to have the same or lower total annual operating expenses. This decision comes as part of a strategic effort to align the company’s offerings with the best interests of its clients.

Background

AuguStar Variable Account R is an investment entity based in Cincinnati, Ohio, with a focus on variable insurance products. The company is part of a broader industry that includes various investment funds and insurance products. The recent filing, dated November 3, 2026, is part of a series of communications aimed at informing contract holders about the upcoming changes.

What the Filing Says

The 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." This indicates a careful evaluation process aimed at ensuring the best outcomes for policyholders.

Impact

The reorganizations will affect contract holders who have investments allocated to the target portfolios. As of December 18, 2026, assets from these portfolios will be automatically transferred to the corresponding survivor portfolios. This change will occur without any charges or fees for the policyholders, which is a significant benefit for those affected.

What's Next

Further information regarding the reorganization will be provided in an Information Statement/Prospectus expected to be available on or around November 20, 2026. This document will detail the portfolios involved and the implications for contract holders.