AuguStar Variable Account R has announced significant changes involving three reorganizations of its variable annuity contracts and variable life insurance policies. This strategic move is designed to streamline operations and potentially reduce costs for policyholders, thereby enhancing the overall value of its offerings.

The reorganizations, approved by the Board of Directors of the AuguStar Variable Insurance Products Fund, Inc., will involve the transfer of assets from several target portfolios to corresponding survivor portfolios. The Board concluded that these changes are in the best interests of the involved portfolios, with expectations that the total annual operating expenses of the survivor portfolios will remain the same or decrease.

Background

AuguStar Variable Account R, incorporated in Ohio, operates as an investment entity. It is part of the AuguStar Life Insurance Company, which offers various financial products, including variable annuities and life insurance policies. The company has been active in filing with the SEC, with its most recent filings including several Form 497 submissions on November 3, 2026, under accession number 0001398344-26-019352.

What the Filing Says

The recent SEC filing states, "the Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." It further explains that the assets of the target portfolios will be transferred to their corresponding survivor portfolios by December 18, 2026.

Impact

This reorganization may affect policyholders who have contract value allocated to the target portfolios. The changes will be automatic, and any future allocations under the contracts will also be updated accordingly. Policyholders will not need to take action unless they wish to reallocate their contract value to other portfolios.

What's Next

An information statement/prospectus detailing the reorganizations will be available on or about November 20, 2026. Policyholders will receive a copy, and they can also access additional information online at augustarfund.com.