Form 497VPU AuguStar Variable Accoun

April 30, 2026 2:56 PM EDT
Updating Summary Prospectus
ONcore Xtra (sold before October 1, 2012) Variable Annuity
Issued by
AuguStar® Life Insurance Company
through
AuguStar Variable Account A
May 1, 2026
This updating summary prospectus summarizes certain changes to key features of the ONcore Xtra (sold before October 1, 2012) Variable Annuity contract. This Updating Summary Prospectus also provides a summary of ONcore Xtra (sold before October 1, 2012) features that have changed since April 30, 2025.
The prospectus for the contract contains more information, such as the contract’s features, benefits, and risks. An updated prospectus for ONcore Xtra (sold before October 1, 2012) Variable Annuity can be found at augustarfinancial.com/variableproducts.
You can also obtain this information at no cost by calling 888.925.6446, writing to One Financial Way Montgomery, Ohio 45242 or sending an email request to [email protected].
Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission’s staff and is available at Investor.gov.
This contract includes an extra credit to your contract each time you make a purchase payment. The expenses for this contract may be higher than expenses for a contract without an extra credit feature and the amount of the extra credit may be more than offset by the additional fees and charges associated with this contract. The extra credit may be recaptured upon death or certain withdrawals.
Form 8598.1-USP
1
Glossary
AuguStar Life – AuguStar® Life Insurance Company, the depositor of the contract.
Contract Value – Contract Value is determined by multiplying the total number of units (for each subaccount) credited to the contract by the unit value (for such subaccount) for the current valuation period and adding to that any amount in the Fixed Accumulation Account or 
a DCA account.
DCA – Dollar cost averaging.
Enhanced DCA Account – An account available for purchase payments, subject to certain limitations, that provides a fixed interest rate that is higher than the rate being credited to the Fidelity® VIP Government Money Market Portfolio.
Fixed Accumulation Account – A subset of our general account that guarantees a fixed return for a specified period of time and guarantees the principal against loss.
Fund – A mutual fund in which subaccount assets may be invested. See Appendix A.
Subaccount – A subdivision of VAA. The assets of each subaccount are invested in a corresponding available Fund.
Surrender – To redeem the contract before annuity payments begin and receive its value minus any applicable surrender charge or other charges.
Valuation Period – The period of time from one determination of variable subaccount unit and annuity unit values to their next determination. A valuation period usually ends at 4:00 p.m. Eastern time on each day the New York Stock Exchange is open for unrestricted trading. The valuation period may end sooner to correspond to earlier closing of the New York Stock Exchange. Accumulation unit and annuity unit values for each annuity period are determined at the end of that valuation period.
VAA – AuguStar Variable Account A, a separate account of AuguStar Life consisting of assets segregated from AuguStar Life 's general assets for the purpose of funding annuity contracts whose values vary with the investment results of the separate account’s underlying Funds.
We, Us, Our – We, us and our refer to AuguStar Life.
You – You means the owner(s) of the contract or the last surviving owner’s estate if all owners are deceased.
Form 8598.1-USP
2
Updated Information About Your Contract
The following is a summary of certain contract features that have changed since the Updating Summary Prospectus dated April 30, 2025. This may not reflect all of the changes that have occurred since you purchased your contract.
Fee Changes
The following shows the minimum and maximum total operating expenses deducted from the assets of the Funds (before any fee waiver or expense reimbursement): 
Annual Fee
Minimum
Maximum
Investment options(Fund fees
and expenses)
0.35%
3.38%
Fund Changes
●
Effective December 5, 2025, the following fund changes took place.
●
AVIP Federated Core Plus Bond Portfolio was renamed to AVIP Core Plus Bond Portfolio. Federated Investment Management Company was removed as subadviser.
●
AVIP Federated High Income Bond Portfolio was renamed to AVIP High Income Bond Portfolio. Federated Investment Management Company was removed as subadviser.
●
Macquarie VIP Asset Strategy Series was renamed to Nomura VIP Asset Strategy Series. Securian Asset Management, Inc. was removed as subadviser and replaced with Macquarie Investment Management Austria Kapitalanlage AG.
●
Macquarie VIP Natural Resources Series was renamed to Nomura VIP Natural Resources Series. Securian Asset Management, Inc. was removed as subadviser and replaced with Van Eck Associates Corporation and Macquarie Investment Management Global Limited.
●
Macquarie VIP Science and Technology Series was renamed to Nomura VIP Science and Technology Series. Securian Asset Management, Inc. was removed as subadviser and replaced with Macquarie Investment Management Global Limited.
●
On October 10, 2025, the following fund substitutions took place.
●
Lazard Retirement US Small Cap Equity Select Portfolio, AB VPS Small Cap Growth Portfolio, Royce Small-Cap Portfolio, and Royce Micro-Cap Portfolio were replaced by AVIP AB Small Cap Portfolio.
●
Janus Henderson Flexible Bond Portfolio was replaced by AVIP Bond Portfolio.
●
Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio were replaced with AVIP AB Mid Cap Core Portfolio.
●
Goldman Sachs U.S. Equity Insights Fund was replaced with AVIP S&P 500® Index Portfolio.
●
Fidelity® VIP Growth Portfolio was replaced with AVIP Fidelity Institutional AM® Equity Growth Portfolio.
●
Franklin VolSmart Allocation VIP Fund, Goldman Sachs Trend Driven Allocation Fund, and Lazard Retirement Global Dynamic Multi-Asset Portfolio were replaced with AVIP Constellation Dynamic Risk Balanced Portfolio.
●
On October 17, 2025, the following fund substitutions took place.
●
Fidelity® VIP Target Volatility Portfolio and AB VPS Global Risk Allocation-Moderate Portfolio were replaced with AVIP Constellation Managed Risk Moderate Growth Portfolio.
●
AB VPS Relative Value Portfolio was replaced with AVIP AB Relative Value Portfolio
●
On October 10, 2025, AVIP AB Relative Value Portfolio was added as an investment option.
Form 8598.1-USP
3
Important Information You Should Consider About the Contract 
 
FEES AND EXPENSES
LOCATION IN
PROSPECTUS
Are There Charges or
Adjustments for Early
Withdrawals?
Yes. If you withdraw money from your contract within 8 years following your
last purchase payment, you will be assessed a surrender charge. The maximum
surrender charge is 9% of total purchase payment, minus all previous
withdrawals, during the first year, declining down to 0% over the 8 years. For
example, if you make an early withdrawal within the first year, you could pay a
withdrawal charge of up to $9,000 on a $100,000 investment. This loss will be
greater if you also have to pay taxes or tax penalties. During each contract
year, you may withdraw not more than 10% of the Contract Value (as of the
day of the first withdrawal made during that contract year) without a
surrender charge.
Extra credits may be recaptured upon certain withdrawals.
Fees and Expenses;
and Deductions and
Expenses –
Surrender
Charge
Are There Transaction
Charges?
Yes. In addition to surrender charges, you may also be charged for other
transactions, such as when you transfer Contract value between investment
options more than 12 times per contract year, take more than 14 withdrawals
in a contract year or for special requests (such as wire transfers or overnight
mail).
Fees and Expenses;
and Deductions and
Expenses –
Withdrawal Fee and
Transfer Fee
Are There Ongoing
Fees and Expenses?
Yes. The table below describes the fees and expenses that you may pay each
year, depending on the options you choose. Please refer to your contract
specifications page for information about the specific fees you will pay each
year based on the options you have elected.
Fees and Expenses;
and Deductions and
Expenses; and
Appendix A: Funds
Available Under the
Contract
Annual Fee
Minimum
Maximum
1. Base Contract
1.40%1
1.40%1
2. Investment options (Fund fees and
expenses)
0.35%2
3.19%2
3. Optional benefits available for an
additional charge (for a single optional
benefit, if elected)
0.15%3
1.50%3
Because your contract is customizable, the choices you make affect how much you will pay. To help you
understand the cost of owning your contract, the following table shows the lowest and highest cost you
could pay each year, based on current charges. This estimate assumes that you do not take withdrawals
from the contract, which could add surrender charges that substantially increase costs.
 
Lowest Annual Cost Estimate:
$1,547
Highest Annual Cost Estimate:
$6,459
 
Assumes:
●Investment of $100,000
●5% annual appreciation
●Least expensive combination of contract
classes and Fund fees and expenses
●No optional benefits
●No sales charges
●No additional purchase payments,
transfers or withdrawals
Assumes:
●Investment of $100,000
●5% annual appreciation
●Most expensive combination of contract classes,
optional benefits, and Fund fees and expenses
●No sales charges
●No additional purchase payments, transfers or
withdrawals
1
As a percentage of average Contract Value in the separate account.
2
As a percentage of average Fund net assets.
3
The minimum fee reflects the current charge for the least expensive optional benefit, the GEB, calculated as an annualized percentage of the Contract Value on a contract anniversary. The maximum fee reflects the current charge for the most expensive optional benefit, the GMIB Plus with Annual Reset (2009), calculated as an annualized percentage of the amount that is guaranteed under the optional benefit.
Form 8598.1-USP
4
 
 
RISKS
Location in
Prospectus
Is There a Risk of
Loss from Poor
Performance?
Yes. You can lose money by investing in this contract.
Principal Risks of
Investing in the
Contract
Is this a Short-Term
Investment?
No. This contract is not designed for short-term investing and is not
appropriate for an investor who needs ready access to cash
Withdrawals may result in surrender charges, taxes, and tax
penalties.
Surrender charges apply for 8 years following your last purchase
payment. They will reduce the value of your contract if you
withdraw money during that time. The benefits of tax deferral and
living benefit protections also mean the contract is more beneficial
to investors with a long time horizon.
Principal Risks of
Investing in the
Contract
What Are the Risks
Associated with the
Investment
Options?
An investment in this contract is subject to the risk of poor
investment performance and can vary depending on the
performance of the investment options you choose.
Each investment option (including the Fixed Accumulation Account
and the Enhanced DCA Account) has its own unique risks.
You should review the prospectuses for the available Funds before
making an investment decision.
Principal Risks of
Investing in the
Contract
What Are the Risks
Related to the
Insurance
Company?
Any obligations (including under the Fixed Accumulation Account),
guarantees, and benefits of the contract are subject to the
claims-paying ability of AuguStar Life. More information about
AuguStar Life, including our financial strength ratings, is available
upon request by calling us at 888.925.6446.
Principal Risks of
Investing in the
Contract
 
 
RESTRICTIONS
Location in
Prospectus
Are There
Restrictions on the
Investment
Options?
Yes. We reserve the right to charge $10 for each transfer when you
transfer money between subaccounts in excess of 12 times in a
contract year.
We reserve the right to limit transfers in circumstances of frequent
or large transfers.
We reserve the right to remove, close or substitute Funds as
investment options that are available under the contract.
Investment Options –
The Funds;
Deductions and
Expenses – Transfer
Fee; and
Accumulation Period
Transfers Among
Subacccounts;
Accumulation Period -
Purchase Payments
Are There any
Restrictions on
Contract Benefits?
Yes. Certain optional benefits limit or restrict the investment
options that you may select under the contract. We may change the
investment restrictions in the future, including limiting the
investment options available with the optional benefit.
Certain optional benefits could limit subsequent purchase
payments.
Certain benefits may limit withdrawals or other rights under the
contract. Under certain benefits, withdrawals may reduce the value
of an optional benefit by an amount greater than the value
withdrawn, which could significantly reduce the value of or even
terminate the benefit.
Death Benefit – Basic
Death Benefit; Death
Benefit – Optional
Death Benefit Riders
and Optional Living
Benefit Riders
Form 8598.1-USP
5
 
 
TAXES
Location in
Prospectus
What Are the
Contract’s Tax
Implications?
Consult with a tax professional to determine the tax implications of
an investment in and purchase payments received under this
contract.
If you purchase the contract through a tax-qualified plan or
individual retirement account (IRA), you do not get any additional
tax deferral.
Earnings on your contract are taxed at ordinary income tax rates
when you withdraw them, and you may have to pay a penalty if you
take a withdrawal before age 59 1∕2.
Federal Tax Status
 
 
CONFLICTS OF INTEREST
Location in
Prospectus
How Are
Investment
Professionals
Compensated?
Although the contracts are no longer offered for new sales, firms
and their registered representatives that sold the contracts may still
be paid for those sales. Your investment professional may receive
compensation for having sold this contract to you in the form of
commissions, service fees, additional cash benefits (e.g. bonuses),
and non-cash compensation. Accordingly, investment professionals
may have had a financial incentive to offer or recommend this
contract over another investment.
AuguStar
Life Insurance
Company
Should I Exchange
My Contract?
Some investment professionals may have a financial incentive to
offer you a new contract in place of the one you own. You should
only consider exchanging your contract if you determine, after
comparing the features, fees, and risks of both contracts, that it is in
your best interest to purchase the new contract rather than
continue to own your existing contract.
N/A
Form 8598.1-USP
6
Appendix A – Funds Available Under the Contract
Variable Options. The following is a list of Funds available under the contract, which is subject to change, as discussed in the prospectus. Depending on the optional benefits you choose, you may not be able to invest in certain Funds. You can find the prospectuses and other information about the Funds online at augustarfinancial.com/variableproducts. You can also request this information at no cost by calling 888.925.6446 or by sending an email request to [email protected].
The current expenses and performance information below reflects fees and expenses of the Funds, but does not reflect the other fees and expenses that your contract may charge. Expenses would be higher and performance would be lower if these charges were included. Each Fund’s past performance is not necessarily an indication of future performance. 
Type/Investment
Objective
Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 year
5 year
10 year
Equity
Allspring VT Opportunity Fund (Class 2)†
Adviser: Allspring Funds Management,
LLC
Subadviser: Allspring Global
Investments, LLC
1.00%*
6.71%
8.94%
11.85%
Equity
AVIP AB Mid Cap Core Portfolio
(Class I)(3)
Adviser: Constellation Investments, Inc.
Subadviser: AllianceBernstein L.P.
0.92%
6.42%
4.97%
9.99%
Equity
AVIP AB Relative Value Portfolio
(Class I)(8)
Adviser: Constellation Investments, Inc.
Subadviser: AllianceBernstein L.P.
0.74%
10.11%
N/A
N/A
Equity
AVIP AB Small Cap Portfolio (Class I)(1)
Adviser: Constellation Investments, Inc.
Subadviser: AllianceBernstein L.P.
0.86%
4.89%
1.53%
8.67%
Allocation
AVIP Balanced Model Portfolio (Class I)
Adviser: Constellation Investments, Inc.
0.98%
13.80%
5.87%
N/A
Equity
AVIP BlackRock Advantage International
Equity Portfolio (Class I)
Adviser: Constellation Investments, Inc.
Subadviser: BlackRock Investment
Management, LLC
0.88%
33.04%
10.56%
8.33%
Equity
AVIP BlackRock Advantage Large Cap
Core Portfolio (Class I)
Adviser: Constellation Investments, Inc.
Subadviser: BlackRock Investment
Management, LLC
0.70%
20.20%
14.57%
13.59%
Equity
AVIP BlackRock Advantage Large Cap
Growth Portfolio (Class I)
Adviser: Constellation Investments, Inc.
Subadviser: BlackRock Investment
Management, LLC
0.71%
21.51%
13.88%
15.52%
Equity
AVIP BlackRock Advantage Large Cap
Value Portfolio (Class I)
Adviser: Constellation Investments, Inc.
Subadviser: BlackRock Investment
Management, LLC
0.75%
18.44%
12.15%
9.82%
Form 8598.1-USP
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Type/Investment
Objective
Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 year
5 year
10 year
Equity
AVIP BlackRock Advantage Small Cap
Growth Portfolio (Class I)
Adviser: Constellation Investments, Inc.
Subadviser: BlackRock Investment
Management, LLC
0.92%
14.14%
3.08%
9.71%
Allocation
AVIP BlackRock Balanced Allocation
Portfolio (Class I)
Adviser: Constellation Investments, Inc.
Subadviser: BlackRock Investment
Management, LLC
0.57%
16.61%
10.40%
10.82%
Fixed Income
AVIP Bond Portfolio (Class I)(2)
Adviser: Constellation Investments, Inc.
0.61%
7.67%
-0.06%
3.36%
Allocation
AVIP Constellation Dynamic Risk
Balanced Portfolio (Class I)(6)
Adviser: Constellation Investments, Inc.
0.87%
12.44%
4.92%
8.94%
Allocation
AVIP Constellation Managed Risk
Balanced Portfolio (Class I)
Adviser: Constellation Investments, Inc.
0.64%
13.29%
N/A
N/A
Allocation
AVIP Constellation Managed Risk
Growth Portfolio (Class I)
Adviser: Constellation Investments, Inc.
0.65%
15.92%
N/A
N/A
Allocation
AVIP Constellation Managed Risk
Moderate Growth Portfolio (Class I)(7)
Adviser: Constellation Investments, Inc.
0.63%
14.75%
N/A
N/A
Fixed Income
AVIP Core Plus Bond Portfolio (Class I)(9)
Adviser: Constellation Investments, Inc.
0.59%
6.60%
-0.36%
N/A
Equity
AVIP Fidelity Institutional AM® Equity
Growth Portfolio (Class I)(5)
Adviser: Constellation Investments, Inc.
Subadviser: FIAM LLC
0.77%
15.35%
10.70%
15.69%
Allocation
AVIP Growth Model Portfolio (Class I)
Adviser: Constellation Investments, Inc.
1.01%
17.78%
8.85%
N/A
Fixed Income
AVIP High Income Bond Portfolio
(Class I)(10)
Adviser: Constellation Investments, Inc.
0.88%
8.31%
3.85%
5.77%
Equity
AVIP Intech U.S. Low Volatility Portfolio
(Class I)
Adviser: Constellation Investments, Inc.
Subadviser: Intech Investment
Management LLC
0.62%
12.23%
N/A
N/A
Allocation
AVIP Moderate Growth Model Portfolio
(Class I)
Adviser: Constellation Investments, Inc.
0.97%
15.81%
7.58%
N/A
Allocation
AVIP Moderately Conservative Model
Portfolio (Class I)
Adviser: Constellation Investments, Inc.
1.03%
11.43%
4.22%
N/A
Form 8598.1-USP
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Type/Investment
Objective
Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 year
5 year
10 year
Equity
AVIP Nasdaq-100® Index Portfolio
(Class I)
Adviser: Constellation Investments, Inc.
Subadviser: Geode Capital
Management LLC
0.44%
20.54%
14.85%
19.20%
Equity
AVIP S&P 500® Index Portfolio (Class I)(4)
Adviser: Constellation Investments, Inc.
Subadviser: Geode Capital
Management LLC
0.38%
17.43%
13.99%
14.37%
Equity
AVIP S&P MidCap 400® Index Portfolio
(Class I)
Adviser: Constellation Investments, Inc.
Subadviser: Geode Capital
Management LLC
0.41%
7.08%
8.57%
9.16%
Equity
BNY Mellon Appreciation Portfolio
(Service Class)
Adviser: BNY Mellon Investment
Adviser, Inc.
1.10%
9.78%
9.08%
12.63%
Equity
Federated Hermes Kaufmann Fund II
(Service Class)
Adviser: Federated Global Investment
Management Corp.
1.79%*
11.26%
1.26%
9.61%
Equity
Fidelity® VIP Equity-Income PortfolioSM
(Service Class 2)
Adviser: Fidelity Management &
Research Company
0.71%
18.75%
12.23%
11.32%
Capital
Preservation
Fidelity® VIP Government Money
Market Portfolio (Service Class)
Adviser: Fidelity Management &
Research Company
Subadviser: Fidelity Investments Money
Management, Inc.
0.35%
4.03%
3.02%
1.95%
Equity
Fidelity® VIP Mid Cap Portfolio (Service
Class 2)
Adviser: Fidelity Management &
Research Company
0.80%
11.49%
9.83%
10.31%
Equity
Fidelity® VIP Real Estate Portfolio
(Service Class 2)
Adviser: Fidelity Management &
Research Company
0.85%
2.90%
3.98%
3.61%
Allocation
Franklin Allocation VIP Fund (Class 4)
Adviser: Franklin Advisers, Inc.
Subadviser: Templeton Global Advisors
Limited, Franklin Templeton
Institutional, LLC, ClearBridge
Investments, LLC, Brandywine Global
Investment Management, LLC, Western
Asset Management Company, LLC,
Western Asset Management Company
Limited
0.92%*
12.53%
5.60%
7.19%
Form 8598.1-USP
9
Type/Investment
Objective
Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 year
5 year
10 year
Equity
Franklin DynaTech VIP Fund (Class 2)
Adviser: Franklin Advisers, Inc.
0.88%
18.13%
9.09%
14.08%
Equity
Franklin DynaTech VIP Fund (Class 4)
Adviser: Franklin Advisers, Inc.
0.98%
17.90%
8.96%
13.95%
Allocation
Franklin Income VIP Fund (Class 2)
Adviser: Franklin Advisers, Inc.
0.72%
12.56%
7.66%
7.30%
Allocation
Franklin Income VIP Fund (Class 4)
Adviser: Franklin Advisers, Inc.
0.82%
12.43%
7.54%
7.19%
Equity
Franklin Templeton Foreign VIP Fund
(Class 2)
Adviser: Templeton Investment Counsel,
LLC
1.08%*
29.19%
8.25%
5.75%
Equity
Franklin Templeton Foreign VIP Fund
(Class 4)
Adviser: Templeton Investment Counsel,
LLC
1.18%*
28.97%
8.14%
5.64%
Equity
Goldman Sachs Strategic Growth Fund
(Institutional Class)**
Adviser: Goldman Sachs Asset
Management, L.P.
0.71%*
17.92%
12.76%
16.43%
Equity
Goldman Sachs Strategic Growth Fund
(Service Class)**
Adviser: Goldman Sachs Asset
Management, L.P.
0.96%*
17.58%
12.48%
16.14%
Equity
Goldman Sachs U.S. Equity Insights Fund
(Service Class)**
Adviser: Goldman Sachs Asset
Management, L.P.
0.77%*
15.49%
13.57%
13.49%
Equity
Invesco V.I. Comstock Fund (Series I)†
Adviser: Invesco Advisers, Inc.
0.75%
17.44%
15.44%
11.95%
Equity
Invesco V.I. EQV International Equity
Fund (Series II)
Adviser: Invesco Advisers, Inc.
1.15%
16.23%
3.42%
5.95%
Allocation
Janus Henderson Balanced Portfolio
(Institutional Class)^^
Adviser: Janus Henderson Investors
US LLC
0.62%
15.11%
8.48%
10.13%
Allocation
Janus Henderson Balanced Portfolio
(Service Class)^^
Adviser: Janus Henderson Investors
US LLC
0.87%
14.82%
8.21%
9.86%
Equity
Janus Henderson Global Research
Portfolio (Institutional Class)^^
Adviser: Janus Henderson Investors
US LLC
0.82%
20.92%
12.51%
12.93%
Equity
Janus Henderson Global Research
Portfolio (Service Class)^^
Adviser: Janus Henderson Investors
US LLC
1.07%
20.60%
12.23%
12.64%
Form 8598.1-USP
10
Type/Investment
Objective
Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 year
5 year
10 year
Equity
Janus Henderson Overseas Portfolio
(Institutional Class)^^
Adviser: Janus Henderson Investors
US LLC
0.72%
28.87%
9.44%
9.24%
Equity
Janus Henderson Overseas Portfolio
(Service Class)^^
Adviser: Janus Henderson Investors
US LLC
0.96%
28.58%
9.17%
8.97%
Equity
Janus Henderson Research Portfolio
(Institutional Class)^^
Adviser: Janus Henderson Investors
US LLC
0.82%
18.39%
14.11%
15.88%
Equity
Janus Henderson Research Portfolio
(Service Class)^^
Adviser: Janus Henderson Investors
US LLC
1.07%
18.10%
13.83%
15.59%
Equity
Lazard Retirement Emerging Markets
Equity Portfolio (Service Class)
Adviser: Lazard Asset Management LLC
1.38%*
41.77%
10.76%
9.35%
Equity
Lazard Retirement International Equity
Portfolio (Service Class)
Adviser: Lazard Asset Management LLC
1.10%*
33.12%
7.95%
6.82%
Equity
LVIP ClearBridge Variable Dividend
Strategy Portfolio (Standard Class)(14)‡
Adviser: Lincoln Financial Investments
Corporation
Subadviser: ClearBridge Investments,
LLC(14)
0.75%*
12.62%
11.86%
12.45%
Equity
LVIP ClearBridge Variable Large Cap
Value Portfolio (Standard Class)(15)‡
Adviser: Lincoln Financial Investments
Corporation
Subadviser: ClearBridge Investments,
LLC(15)
0.72%*
10.20%
10.11%
10.01%
Equity
LVIP JPMorgan Small Cap Core Fund
(Standard Class)^
Adviser: Lincoln Financial Investments
Corporation
Subadviser: J.P. Morgan Investment
Management Inc.
0.77%
10.27%
6.40%
8.95%
Equity
MFS® Massachusetts Investors Growth
Stock Portfolio (Service Class)
Adviser: Massachusetts Financial
Services Company
0.97%*
9.61%
9.74%
13.98%
Equity
MFS® Mid Cap Growth Series (Service
Class)
Adviser: Massachusetts Financial
Services Company
1.06%*
3.40%
3.03%
11.32%
Form 8598.1-USP
11
Type/Investment
Objective
Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 year
5 year
10 year
Equity
MFS® New Discovery Series (Service
Class)
Adviser: Massachusetts Financial
Services Company
1.12%*
12.56%
-0.54%
10.46%
Allocation
MFS® Total Return Series (Service Class)
Adviser: Massachusetts Financial
Services Company
0.86%*
10.91%
6.16%
7.36%
Equity
Morgan Stanley VIF Growth Portfolio
(Class II)
Adviser: Morgan Stanley Investment
Management, Inc.
0.82%*
35.38%
3.15%
17.46%
Allocation
Nomura VIP Asset Strategy Series
(Service Class)(11)
Adviser: Delaware Management
Company
Subadviser: Macquarie Investment
Management Austria Kapitalanlage
AG(11)
0.77%*
16.66%
7.07%
7.84%
Equity
Nomura VIP Natural Resources Series
(Service Class)(12)
Adviser: Delaware Management
Company
Subadviser: Van Eck Associates
Corporation and Macquarie Investment
Management Global Limited(12)
1.12%*
37.75%
15.73%
6.94%
Equity
Nomura VIP Science and Technology
Series (Service Class)(13)
Adviser: Delaware Management
Company
Subadviser: Macquarie Investment
Management Global Limited(13)
1.15%
33.36%
13.71%
17.20%
Real Assets
PIMCO CommodityRealReturn® Strategy
Portfolio (Administrative Class)
Adviser: Pacific Investment
Management Company LLC
3.19%*
18.79%
10.55%
6.54%
Fixed Income
PIMCO Global Bond Opportunities
Portfolio (Unhedged) (Administrative
Class)
Adviser: Pacific Investment
Management Company LLC
1.15%
12.75%
0.15%
2.46%
Fixed Income
PIMCO Low Duration Portfolio
(Administrative Class)
Adviser: Pacific Investment
Management Company LLC
0.66%
5.52%
1.57%
1.79%
Form 8598.1-USP
12
Type/Investment
Objective
Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 year
5 year
10 year
Fixed Income
PIMCO Real Return Portfolio
(Administrative Class)
Adviser: Pacific Investment
Management Company LLC
1.39%
7.85%
1.21%
3.21%
Fixed Income
PIMCO Short-Term Portfolio
(Administrative Class)
Adviser: Pacific Investment
Management Company LLC
0.65%
4.67%
3.25%
2.76%
*
Annual expenses reflect temporary fee reductions.
^
Available only in contracts with value allocated to this Fund as of May 1, 2023.
†
Available before May 1, 2007.
‡
Available before April 24, 2024.
Class 4 for contracts applied for on or after May 1, 2008. Class 2 for contracts applied for before May 1, 2008.
**
Service Shares for contracts applied for on or after May 1, 2008. Institutional Shares for contracts applied for before May 1, 2008.
^^
Service shares for contracts applied for on or after May 1, 2000. Institutional Shares for contracts applied for before May 1, 2000.
(1)
On October 10, 2025, Lazard Retirement US Small Cap Equity Select Portfolio, AB VPS Small Cap Growth Portfolio, Royce Small-Cap Portfolio, and Royce Micro-Cap Portfolio were replaced by AVIP AB Small Cap Portfolio.
(2)
On October 10, 2025, Janus Henderson Flexible Bond Portfolio was replaced by AVIP Bond Portfolio.
(3)
On October 10, 2025, Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio was replaced with AVIP AB Mid Cap Core Portfolio.
(4)
On October 10, 2025, Goldman Sachs U.S. Equity Insights Fund was replaced with AVIP S&P 500® Index Portfolio.
(5)
On October 10, 2025, Fidelity® VIP Growth Portfolio was replaced with AVIP Fidelity Institutional AM® Equity Growth Portfolio.
(6)
On October 10, 2025, Franklin VolSmart Allocation VIP Fund, Goldman Sachs Trend Driven Allocation Fund, and Lazard Retirement Global Dynamic Multi-Asset Portfolio were replaced with AVIP Constellation Dynamic Risk Balanced Portfolio.
(7)
On October 17, 2025, Fidelity® VIP Target Volatility Portfolio and AB VPS Global Risk Allocation-Moderate Portfolio were replaced with AVIP Constellation Managed Risk Moderate Growth Portfolio.
(8)
On October 17, 2025, AB VPS Relative Value Portfolio was replaced with AVIP AB Relative Value Portfolio.
(9)
On December 5, 2025, AVIP Federated Core Plus Bond Portfolio was renamed to AVIP Core Plus Bond Portfolio. Federated Investment Management Company was removed as subadviser.
(10)
On December 5, 2025, AVIP Federated High Income Bond Portfolio was renamed to AVIP High Income Bond Portfolio. Federated Investment Management Company was removed as subadviser.
(11)
On December 5, 2025, Macquarie VIP Asset Strategy Series was renamed to Nomura VIP Asset Strategy Series. Securian Asset Management, Inc. was removed as subadviser and replaced with Macquarie Investment Management Austria Kapitalanlage AG.
(12)
On December 5, 2025, Macquarie VIP Natural Resources Series was renamed to Nomura VIP Natural Resources Series. Securian Asset Management, Inc. was removed as subadviser and replaced with Van Eck Associates Corporation and Macquarie Investment Management Global Limited.
(13)
On December 5, 2025, Macquarie VIP Science and Technology Series was renamed to Nomura VIP Science and Technology Series. Securian Asset Management, Inc. was removed as subadviser and replaced with Macquarie Investment Management Global Limited.
(14)
On April 24, 2026, ClearBridge Variable Dividend Strategy Portfolio was renamed LVIP ClearBridge Variable Dividend Strategy Fund. Class I was changed to Standard Class. Legg Mason Partners Fund Advisor, LLC was removed as adviser and replaced with Lincoln Financial Investments Corporation.
Form 8598.1-USP
13
(15)
On April 24, 2026, ClearBridge Variable Large Cap Value Portfolio was renamed LVIP ClearBridge Variable Large Cap Value Fund. Class I was changed to Standard Class. Legg Mason Partners Fund Advisor, LLC was removed as adviser and replaced with Lincoln Financial Investments Corporation.
Form 8598.1-USP
14
Investment Options Available with Certain Optional Riders
GLWB Plus and GPP (2012) Applied for on or after October 1, 2012
Allocations: 
 
Minimum
Maximum
Category 1 Investment Options
25%
100%
Any individual investment
option included in Category 1
0%
50%
Category 2 Investment Options
0%
75%
Any individual investment
option included in Category 2
0%
25%
Investment Options: 
CATEGORY 1
AVIP Constellation Dynamic Risk Balanced
Portfolio
AVIP Constellation Managed Risk Balanced
Portfolio
AVIP Constellation Managed Risk Moderate
Growth Portfolio
 
CATEGORY 2
AVIP Balanced Model Portfolio
AVIP BlackRock Balanced Allocation Portfolio
AVIP Intech U.S. Low Volatility Portfolio
AVIP Constellation Managed Risk Growth
Portfolio
Janus Henderson Balanced Portfolio
MFS® Total Return Series
GLWB Plus and GPP (2012) Applied for prior to October 1, 2012
Allocations:  
 
Minimum
Maximum
Category 1 Investment Options
50%
100%
Category 2 Investment Options
0%
50%
Investment Options:  
CATEGORY 1
AVIP Constellation Dynamic Risk Balanced
Portfolio
AVIP Constellation Managed Risk Balanced
Portfolio
AVIP Constellation Managed Risk Moderate
Growth Portfolio
AVIP Constellation Managed Risk Growth
Portfolio
CATEGORY 2
AVIP BlackRock Balanced Allocation Portfolio
AVIP Intech U.S. Low Volatility Portfolio
 
GLWB, GLWB (2011), GLWB (2012)
Option 1 – Select A Single Option
Allocation: 100%
Investment Options:
AVIP Moderately Conservative Model Portfolio
AVIP Balanced Model Portfolio
AVIP Moderate Growth Model Portfolio
Option 2 – Select Multiple Options
Form 8598.1-USP
15
Allocations: 
 
Minimum
Maximum
Category 1 Investment Options
30%
60%
Category 2 Investment Options
0%
70%
Category 3 Investment Options
0%
25%
Category 4 Investment Options
0%
15%
Investment Options:  
CATEGORY 1
AVIP Bond Portfolio
AVIP Core Plus Bond Portfolio
Fidelity® VIP Government Money Market
Portfolio
PIMCO Real Return Portfolio
PIMCO Short-Term Portfolio
PIMCO Low Duration Portfolio
CATEGORY 2
AVIP AB Relative Value Portfolio
AVIP BlackRock Balanced Allocation Portfolio
AVIP S&P 500® Index Portfolio
AVIP BlackRock Advantage Large Cap Value
Portfolio
AVIP Nasdaq-100® Index Portfolio
AVIP BlackRock Advantage Large Cap Core
Portfolio
AVIP BlackRock Advantage Large Cap Growth
Portfolio
AVIP S&P MidCap 400® Index Portfolio
AVIP Constellation Dynamic Risk Balanced
Portfolio
AVIP Constellation Managed Risk Balanced
Portfolio
AVIP Constellation Managed Risk Moderate
Growth Portfolio
AVIP Constellation Managed Risk Growth
Portfolio
AVIP Intech U.S. Low Volatility Portfolio
BNY Mellon Appreciation Portfolio
Fidelity® VIP Equity-Income PortfolioSM
Franklin Income VIP Fund
Franklin DynaTech VIP Fund
Franklin Allocation VIP Fund
Franklin Templeton Foreign VIP Fund
Goldman Sachs Strategic Growth Fund
Goldman Sachs U.S. Equity Insights Fund
Nomura VIP Asset Strategy Series
Janus Henderson Research Portfolio
Janus Henderson Balanced Portfolio
MFS® Total Return Series
MFS® Massachusetts Investors Growth Stock
Portfolio
Morgan Stanley VIF Growth Portfolio
PIMCO Global Bond Opportunities Portfolio
(Unhedged)
CATEGORY 3
AVIP BlackRock Advantage International Equity
Portfolio
AVIP Fidelity Institutional AM® Equity Growth
Portfolio
AVIP High Income Bond Portfolio
AVIP AB Mid Cap Core Portfolio
Invesco V.I. EQV International Equity Fund
Federated Hermes Kaufmann Fund II
Fidelity® VIP Mid Cap Portfolio
Janus Henderson Overseas Portfolio
Janus Henderson Global Research Portfolio
Lazard Retirement International Equity Portfolio
MFS® Mid Cap Growth Series
CATEGORY 4
AVIP AB Small Cap Portfolio
AVIP BlackRock Advantage Small Cap Growth
Portfolio
Fidelity® VIP Real Estate Portfolio
Nomura VIP Natural Resources Series
Nomura VIP Science and Technology Series
Lazard Retirement Emerging Markets Equity
Portfolio
MFS® New Discovery Series
PIMCO CommodityRealReturn® Strategy
Portfolio
GMIB Plus with Annual Reset (2009)
Some or all of your purchase payments or Contract Value may be allocated to the Fixed Accumulation Account. Any portion that is not allocated to the Fixed Accumulation Account must be allocated in accordance with Option 1 or 2.
Form 8598.1-USP
16
Option 1 – Select A Single Option
Allocation: 100%
Investment Options:
AVIP Moderately Conservative Model Portfolio
AVIP Balanced Model Portfolio
AVIP Moderate Growth Model Portfolio
Option 2 – Select Multiple Options
Allocations:  
 
Minimum
Maximum
Category 1 Investment Options
30%
60%
Category 2 Investment Options
0%
70%
Category 3 Investment Options
0%
25%
Category 4 Investment Options
0%
15%
Investment Options:  
CATEGORY 1
AVIP Bond Portfolio
AVIP Core Plus Bond Portfolio
Fidelity® VIP Government Money Market
Portfolio
PIMCO Real Return Portfolio
PIMCO Short-Term Portfolio
PIMCO Low Duration Portfolio
CATEGORY 2
AVIP AB Relative Value Portfolio
AVIP BlackRock Balanced Allocation Portfolio
AVIP S&P 500® Index Portfolio
AVIP BlackRock Advantage Large Cap Value
Portfolio
AVIP Nasdaq-100® Index Portfolio
AVIP BlackRock Advantage Large Cap Core
Portfolio
AVIP BlackRock Advantage Large Cap Growth
Portfolio
AVIP S&P MidCap 400® Index Portfolio
AVIP Constellation Dynamic Risk Balanced
Portfolio
AVIP Constellation Managed Risk Balanced
Portfolio
AVIP Constellation Managed Risk Moderate
Growth Portfolio
AVIP Constellation Managed Risk Growth
Portfolio
AVIP Intech U.S. Low Volatility Portfolio
BNY Mellon Appreciation Portfolio
Fidelity® VIP Equity-Income PortfolioSM
Franklin Income VIP Fund
Franklin DynaTech VIP Fund
Franklin Allocation VIP Fund
Franklin Templeton Foreign VIP Fund
Goldman Sachs Strategic Growth Fund
Goldman Sachs U.S. Equity Insights Fund
Nomura VIP Asset Strategy Series
Janus Henderson Research Portfolio
Janus Henderson Balanced Portfolio
MFS® Total Return Series
MFS® Massachusetts Investors Growth Stock
Portfolio
Morgan Stanley VIF Growth Portfolio
PIMCO Global Bond Opportunities Portfolio
(Unhedged)
Form 8598.1-USP
17
CATEGORY 3
AVIP BlackRock Advantage International Equity
Portfolio
AVIP Fidelity Institutional AM® Equity Growth
Portfolio
AVIP High Income Bond Portfolio
AVIP AB Mid Cap Core Portfolio
Invesco V.I. EQV International Equity Fund
Federated Hermes Kaufmann Fund II
Fidelity® VIP Mid Cap Portfolio
Janus Henderson Overseas Portfolio
Janus Henderson Global Research Portfolio
Lazard Retirement International Equity Portfolio
MFS® Mid Cap Growth Series
CATEGORY 4
AVIP AB Small Cap Portfolio
AVIP BlackRock Advantage Small Cap Growth
Portfolio
Fidelity® VIP Real Estate Portfolio
Nomura VIP Natural Resources Series
Nomura VIP Science and Technology Series
Lazard Retirement Emerging Markets Equity
Portfolio
MFS® New Discovery Series
PIMCO CommodityRealReturn® Strategy
Portfolio
Form 8598.1-USP
18
Fixed Options. The following is a list of fixed interest options currently available under the contract. To the extent permitted by the contract, we may change the features of the fixed interest options listed below, offer new fixed interest options, and terminate existing fixed interest options. We will provide you with written notice before doing so. If applicable, depending on the optional benefits you choose, you may not be able to invest in the fixed options listed below. 
Name
Term
Guaranteed
Minimum
Interest Rate
Fixed Account
12 months
1.00%
Enhanced DCA Account
6 or 12 months
1.00%
Form 8598.1-USP
19
This summary prospectus incorporates by reference the ONcore Xtra (sold before October 1, 2012) Variable Annuity prospectus and Statement of Additional Information (SAI), both dated May 1, 2026, as amended or supplemented. The SAI may be obtained, free of charge, in the same manner as the prospectus.
Form 8598.1-USP
20

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