National Security Variable Account N has announced significant changes to its investment offerings. The company filed a supplement to its prospectus on November 3, 2026, detailing three reorganizations of portfolios within its variable annuity and life insurance products. This strategic move is aimed at enhancing portfolio efficiency and reducing total annual operating expenses.

The reorganizations will affect contract owners who have allocated funds to the target portfolios listed in the filing. As of December 18, 2026, the assets of these target portfolios will be transferred to corresponding survivor portfolios. This change is expected to streamline operations and potentially lower costs for investors.

Background

National Security Variable Account N is an investment entity focusing on variable annuities and life insurance products. The company operates under the Central Index Key (CIK) number 0001164384. It has a history of evolving its product offerings to meet market demands and enhance customer satisfaction. The recent filing, dated November 3, 2026, is part of a series of filings aimed at updating clients on important changes to their investment products.

What the Filing Says

The SEC filing states, "The Board of Directors of the AuguStar Variable Insurance Products Fund, Inc. has approved three reorganizations...each such reorganization involves portfolios available within your AuguStar variable annuity contract and/or variable life insurance policy." This indicates that the board believes these changes are in the best interests of the involved portfolios.

Impact

This reorganization may affect contract owners with investments in the specified portfolios. The filing suggests that the changes will be automatically implemented, and contract owners will not need to take any action unless they want to reallocate their investments. The filing also reassures investors that there will be no sales charges or transaction fees associated with these reorganizations.

What's Next

The filing does not specify what happens next beyond the planned asset transfers scheduled for December 18, 2026. However, it mentions that an Information Statement/Prospectus describing the reorganizations will be available around November 20, 2026, providing further details for investors.