Mony Variable Account A has announced a significant change regarding its investment offerings. The company will liquidate the ProFund VP Bear Portfolio, effective April 23, 2027. This move is crucial as it affects the variable annuity contracts issued by the company, requiring investors to reassess their portfolios.

The liquidation of the ProFund VP Bear Portfolio indicates a shift in investment strategies within the variable annuity market. Investors holding contracts linked to this portfolio will need to be aware of the upcoming changes and prepare for the transition to a different investment option.

Background

Mony Variable Account A, an investment entity, is associated with Protective Life Insurance Company, which is based in Birmingham, Alabama. The company primarily deals with variable annuities, providing various investment options for consumers. Recent filings include several 497 forms, indicating ongoing updates and changes in their offerings.

What the Filing Says

The filing dated November 2, 2026, states, "The Board of Trustees of ProFunds approved a plan to liquidate and terminate the ProFund VP Bear Portfolio on or about April 23, 2027." This change means that the ProFund VP Bear Portfolio will no longer be available as a subaccount under the variable annuity contracts.

Impact

This decision will directly affect investors holding the ProFund VP Bear Portfolio Sub-Account. As of the liquidation date, any funds allocated to this subaccount will automatically be transferred to the EQ/Money Market Portfolio subaccount. This ensures that investors maintain access to their funds and can continue to manage their investments without interruption.

What's Next

Following the liquidation, investors will receive confirmation statements detailing the transfers of their fund values. The filing does not specify any further actions required from investors, but it encourages them to consult their financial representatives regarding potential changes to their allocation instructions.