National Security Variable Account N has announced significant changes to its portfolio structure through a recent filing. The company has approved three reorganizations of its variable annuity and life insurance portfolios. This update is crucial as it may affect policyholders who have investments allocated to the target portfolios.

The reorganizations aim to enhance operational efficiency and potentially lower costs for the company and its investors. The Board of Directors for the AuguStar Variable Insurance Products Fund, Inc. concluded that these changes are in the best interests of the portfolios involved.

Background

National Security Variable Account N, identified under CIK 0001164384, operates within the investment sector. The company has recently filed multiple documents, including several 497 forms on November 3, 2026, detailing updates and changes to its offerings. The firm is based in New York, with a mailing address in Cincinnati, Ohio.

What the Filing Says

The filing states, "The Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." The changes will take effect as of December 18, 2026, when assets from the target portfolios will be transferred to the corresponding survivor portfolios.

Impact

This restructuring may affect policyholders who have contract values allocated to the target portfolios listed in the filing. The changes are designed to ensure that the total annual operating expenses of the survivor portfolios will be the same or lower than those of the target portfolios.

What's Next

Further details regarding the reorganizations will be available in an Information Statement/Prospectus expected to be released on or about November 20, 2026. Policyholders are encouraged to review this information to understand how their investments may be impacted.