Mony Variable Account A has announced significant changes regarding its investment offerings. The company will liquidate the ProFund VP Bear Portfolio, which is part of its variable annuity contracts. This decision, effective April 23, 2027, will automatically transition investors to a different subaccount, the EQ/Money Market Portfolio.

The liquidation of the ProFund VP Bear Portfolio reflects a strategic adjustment by Mony Variable Account A in response to evolving market dynamics. As part of this change, the portfolio will cease accepting new purchases effective April 12, 2027, allowing existing shareholders to reinvest dividends until April 16, 2027.

Background

Mony Variable Account A is an investment entity incorporated in Tennessee. It is associated with Protective Life Insurance Company, based in Birmingham, Alabama. The company primarily offers variable annuity contracts, which are designed to provide investors with a combination of insurance and investment opportunities.

What the Filing Says

According to the SEC filing dated November 2, 2026, the Board of Trustees of ProFunds has approved the liquidation plan. The filing states, "The Fund will no longer be available as a subaccount under the Contract." This means that as of the liquidation date, any value allocated to the ProFund VP Bear Portfolio Sub-Account will be transferred to the Money Market Sub-Account.

Impact

This decision will directly affect investors who hold contracts with Mony Variable Account A that include the ProFund VP Bear Portfolio. The automatic transfer of fund values to the Money Market Sub-Account will provide a new investment option for those affected. Investors are encouraged to consult their financial representatives to assess their allocation strategies moving forward.

What's Next

The filing does not say what happens next beyond the liquidation and transfer processes. Investors should stay informed through communications from Mony Variable Account A regarding any further developments related to their contracts.