Variable Annuity Account has announced a significant change regarding its MultiOption Extra Variable Annuity Contract. Effective November 30, 2026, the contract will no longer be available for sale to new purchasers. However, existing contract owners will still be able to submit additional purchase payments, subject to any contractual limitations.

This decision is important as it reflects the company's response to evolving market conditions and investment strategies. The discontinuation of this product may signal a shift in focus for Variable Annuity Account, which is part of the broader investment industry.

Background

Variable Annuity Account, incorporated in Minnesota, operates within the investment sector. The company has a history of providing various annuity products to its clients. Recent filings include a 497 form dated November 2, 2026, and other forms indicating ongoing adjustments to its offerings.

What the Filing Says

The filing states, "Effective November 30, 2026, the MultiOption Extra Variable Annuity Contract will no longer be offered for sale to new purchasers." It also notes that existing contract owners may continue to submit additional purchase payments until the end of the year.

Impact

This change may affect existing contract owners who will need to plan for the future of their investments. The decision could also influence other companies in the investment sector as they evaluate their product offerings and market strategies.

What's Next

The filing does not say what happens next.