National Security Variable Account N has announced significant changes to its investment offerings. The company filed a supplement to its prospectus on November 3, 2026, outlining three reorganizations of portfolios within its variable annuity and life insurance products. These changes aim to enhance efficiency and potentially lower costs for policyholders.

National Security Variable Account N is an investment entity that operates under the auspices of AuguStar Life Insurance Company. The company focuses on providing variable insurance products, including annuities and life insurance policies. This recent filing is part of its ongoing efforts to optimize its investment offerings.

The 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." The changes will take effect on or about December 18, 2026, when assets from the target portfolios will be transferred to their corresponding survivor portfolios. This restructuring is designed to ensure that the total annual operating expenses of the survivor portfolios are the same or lower than those of the target portfolios.

Current policyholders with allocated contract values in the affected portfolios will be directly impacted by these changes. The automatic asset transfers mean that policyholders will not need to take any action unless they wish to reallocate their investments. However, they will have a window from October 19, 2026, to February 16, 2027, to make one transfer without incurring charges.

The filing does not specify what additional steps may be taken following these reorganizations, but it does indicate that an Information Statement/Prospectus will be available around November 20, 2026, providing further details on the changes.