National Security Variable Account N has announced significant changes to its variable annuity portfolios, which will take effect on December 18, 2026. The Board of Directors of the AuguStar Variable Insurance Products Fund, Inc. has approved three reorganizations aimed at enhancing the investment offerings for policyholders. This move is intended to streamline the portfolio options available to investors and potentially reduce annual operating expenses.

This update is particularly important for the investment community as it reflects the ongoing trend of companies in the financial services sector striving to optimize their product offerings in a competitive marketplace. By reorganizing these portfolios, National Security Variable Account N is positioning itself to better meet the needs of its customers while also adapting to market pressures.

Background

National Security Variable Account N is an investment entity that operates under the Central Index Key (CIK) number 0001164384. The company is based in New York, with its business address located at 1166 Avenue of the Americas. It is a part of the investment sector and has been actively filing with the SEC, including recent submissions on November 3, 2026, where it filed multiple forms under the 497 category.

What the Filing Says

According to the recent filing dated November 3, 2026, the Board has approved three reorganizations involving portfolios within the AuguStar variable annuity contracts. The filing states, "each reorganization is in the best interests of each portfolio involved in that reorganization." This indicates a strategic effort to enhance the value and efficiency of the investment options available to policyholders.

Impact

The reorganization is expected to affect contract owners who have allocated value to the target portfolios identified in the filing. As the assets of these portfolios are transferred to their corresponding survivor portfolios, policyholders will automatically see their investments adjusted without needing to take any action. This change is designed to simplify the investment process for customers while potentially lowering costs associated with their contracts.

What's Next

The filing does not specify what additional steps will follow the reorganizations. However, an information statement/prospectus detailing the changes will be made available on or about November 20, 2026. This will provide further insights into the objectives and strategies of the new portfolios.