National Security Variable Account N has announced a significant update regarding its investment portfolios. The company filed a supplement to its prospectus, detailing three reorganizations of portfolios within its variable annuity contracts and variable life insurance policies. This move is aimed at enhancing operational efficiency and potentially reducing costs for contract owners.

The reorganizations involve transferring assets from target portfolios to corresponding survivor portfolios. The Board of Directors of the AuguStar Variable Insurance Products Fund, Inc. approved these changes, concluding they are in the best interests of the involved portfolios. The changes are scheduled to take effect on or about December 18, 2026.

Background

National Security Variable Account N, identified under the Central Index Key (CIK) 0001164384, operates in the investment sector. The company has a history of providing variable insurance products, and its recent filings indicate ongoing updates to its offerings. The current filing, dated November 3, 2026, follows a series of other 497 forms filed on the same date, reflecting a proactive approach to investor communication and regulatory compliance.

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 highlights that the total annual operating expenses of the survivor portfolios are expected to be the same or lower than those of the target portfolios, which is a critical factor for investors.

Impact

This update may affect contract owners who have allocated value to one or more of the target portfolios. The reorganizations will occur automatically, and any future allocations under the contracts will also be updated. The filing reassures owners that they do not need to take action unless they wish to reallocate their contract value to other portfolios.

What's Next

An Information Statement/Prospectus describing the reorganizations will be available on or about November 20, 2026, at augustarfund.com. Contract owners will also receive a copy of this document, ensuring they are informed about the changes affecting their investments.