National Security Variable Account N has announced a significant update regarding its investment offerings. The company filed a supplement to its prospectus on November 3, 2026, detailing upcoming reorganizations of several portfolios within its variable annuity contracts and variable life insurance policies. This move is aimed at optimizing the investment options available to contract owners, ensuring that the annual operating expenses remain competitive.

The reorganizations will involve the transfer of assets from target portfolios to survivor portfolios, which are expected to have the same or lower operating expenses. This decision comes after careful consideration by the Board of Directors of the AuguStar Variable Insurance Products Fund, Inc., which oversees these portfolios.

National Security Variable Account N is part of the investment sector, focusing on variable annuities and life insurance products. The company has been active in filing updates, with its most recent filings including multiple prospectus supplements in October and August 2026, indicating a proactive approach to managing its investment offerings.

The filing specifies that contract owners with allocations in the affected portfolios will be notified of the changes. As of December 18, 2026, the assets from the target portfolios will be automatically transferred to their corresponding survivor portfolios. This automatic reallocation ensures that contract owners do not need to take any action unless they wish to reallocate their investments to other portfolios.

Contract owners will be able to make one transfer of contract value out of a target or survivor portfolio without incurring charges from October 19, 2026, through February 16, 2027. This flexibility allows owners to adjust their investments in response to the reorganizations.

The filing does not specify what happens next beyond the planned asset transfers, but it does emphasize the importance of reviewing the changes to understand their implications fully. As the investment landscape continues to evolve, such reorganizations may set a precedent for other companies in the sector.