AuguStar Variable Account A has announced significant changes involving its variable annuity and life insurance portfolios. The Board of Directors has approved three reorganizations aimed at enhancing operational efficiency and potentially lowering costs for policyholders.

This decision is particularly relevant as it reflects a broader trend in the investment industry, where companies are increasingly seeking to optimize their offerings. By consolidating portfolios, AuguStar aims to provide better value to its customers.

Background

AuguStar Variable Account A, based in Cincinnati, Ohio, is an investment entity that operates under the auspices of AuguStar Life Insurance Company. The company primarily focuses on variable annuity contracts and variable life insurance policies. Its recent filings indicate a proactive approach to managing its portfolio offerings, with multiple submissions on November 3, 2026, including this latest reorganization notice.

What the Filing Says

The filing details that the Board has approved three reorganizations involving portfolios available within AuguStar's variable annuity contracts and life insurance policies. It states, "each reorganization is in the best interests of each portfolio involved in that reorganization." Furthermore, it assures that the total annual operating expenses of the survivor portfolios will be the same or lower than those of the target portfolios.

Impact

This reorganization will directly affect policyholders who have contract value allocated to the target portfolios listed in the filing. The changes are set to take effect as of December 18, 2026, when the assets of the target portfolios will be transferred to their corresponding survivor portfolios. This automatic adjustment means that policyholders will not need to take any action unless they wish to reallocate their investments.

What's Next

The filing does not specify any further actions required from policyholders beyond the automatic transfers. However, it notes that policyholders can make one transfer of contract value without charge during a designated period from October 19, 2026, to February 16, 2027.

For more information, policyholders are encouraged to visit the AuguStar website or contact their financial professionals.