AuguStar Variable Account A has announced significant changes to its investment strategy, involving three reorganizations of its variable annuity and life insurance portfolios. This decision, approved by the Board of Directors of the AuguStar Variable Insurance Products Fund, Inc., is aimed at enhancing the performance of the involved portfolios while potentially lowering operating expenses for policyholders.

The reorganizations will affect several portfolios within the AuguStar variable annuity contract and variable life insurance policy offerings. The Board concluded that these changes are in the best interests of the portfolios involved, as the total annual operating expenses of the survivor portfolios are expected to be the same or lower than those of the target portfolios.

As of December 18, 2026, the assets of the target portfolios will be transferred to their corresponding survivor portfolios. This automatic transfer means that policyholders with contract value allocated to the affected portfolios will see their investments reallocated without needing to take any action. The Fund has also indicated that it may postpone or abandon the reorganizations under certain circumstances.

Background

AuguStar Variable Account A, incorporated in Ohio, operates under the investment entity type and is part of the AuguStar Life Insurance Company. The company has a history of offering variable annuity contracts and variable life insurance policies, which are designed to provide policyholders with flexible investment options. Recent filings indicate that the company is actively managing its portfolio offerings to adapt to market conditions.

What the Filing Says

The SEC filing states, "After considering a number of factors, the Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." This statement underscores the company's commitment to optimizing its investment strategies for the benefit of its clients.

Impact

The reorganizations may affect existing policyholders who have allocated contract value to the target portfolios. Depending on their investment choices, clients may see changes in their portfolio management and performance. The filing also highlights that policyholders will have the opportunity to make one transfer of contract value out of a target portfolio or its corresponding survivor portfolio without incurring charges during a specified period.

What's Next

The filing does not say what happens next, but it indicates that an Information Statement/Prospectus describing the reorganizations will be available on or about November 20, 2026. Policyholders are encouraged to review this information to understand how the changes may impact their investments.