Fixed Indexed Annuity

OrionShield 10

AuguStar Financial

7.6%

Best Cap

10%

Free W/D

Jurisdictions

Product data status: May 29, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Live product data

Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 annual point-to-point cap

7.6% cap on S&P 500

An accumulation-focused, A-rated, ten-year fixed indexed annuity from AuguStar Financial built around a no-fee S&P 500 annual point-to-point cap plus a wide menu of proprietary participation-rate strategies, with premium-banded rates that step up above the band-1 ceiling, a GAP minimum-account-value floor, and no income rider attached.

1-year termAdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers committing to a ten-year deferral who want a recognizable no-fee S&P 500 cap alongside a wide menu of proprietary participation-rate strategies, who can use the GAP rider's minimum-account-value floor as their downside backstop, and who are comfortable with an A.M. Best 'A' (Excellent) carrier.

AM Best

A Excellent

Surrender period

10 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. California, New York)

Featured crediting strategies

Caps, participation rates, and declared rates are shown separately.

Index / strategyRate mechanicsTermPremium

S&P 500

S&P 500 Index

7.6% cap rate

Rate varies by premium band.

1-year term

Up to $150,000

Fixed Account

3.25% declared rate

Rate varies by premium band.

1-year term

Up to $150,000

+ 6 volatility-controlled index options (Nasdaq Night, S&P 500, Balanced...)

Product analyst notes

How to think about this contract

Why it can stand out

Crediting menu includes a recognizable S&P 500 annual point-to-point cap with no strategy fee and no fee-bearing 'Enhanced' variant on the same index, so the headline cap is a clean, single-line, like-for-like comparison against other FIAs on this site rather than a fee-bearing carve-out.
Index menu is unusually wide for a single contract — Nasdaq Night Owl, S&P 500 Dynamic Intraday TCA, Dynamic Balanced Asset 10, Multi-Asset Dynamic Managed 5, S&P MARC 5% Excess Return, and Strategic Dynamic Balanced Asset 8 all appear on this page alongside the S&P 500 cap, giving the buyer several volatility-controlled participation-rate alternatives to choose between.
Premium banding is built into the rate sheet — every index strategy and the fixed account publish a higher band-2 cap or participation rate above the band-1 premium ceiling, so larger single-premium buyers see the higher rate directly on the rate sheet rather than having to ask the carrier whether one exists.
GAP (Guaranteed Accumulation Protection) rider provides a Guaranteed Minimum Account Value floor at the contract level, so end-of-term account value cannot drop below the guaranteed floor even if every index strategy credits zero across the surrender period.

What to confirm

This is an accumulation-only fixed indexed annuity. There is no optional lifetime-income rider attached in this data and no built-in Protected Income Value chassis — do not buy this contract for a guaranteed lifetime withdrawal. Its job is index-linked growth across a long surrender term, not income.
Surrender lockup runs ten years with a market-value adjustment on amounts above the contract's free-withdrawal allowance, and the only acceleration waiver in this data is a nursing-home waiver. Compounding the ten-year exit cost: the standard death benefit on this contract pays cash surrender value rather than account value or a rolled-up base, so during the surrender window heirs receive what a buyer would receive on a non-penalty surrender — materially lower than an account-value-based death benefit on a competing contract.
Six of the seven index strategies are proprietary volatility-controlled or excess-return indexes credited on a participation-rate basis. Their participation rates can look high in absolute terms but are not directly comparable to the S&P 500 cap and several have shorter live-track histories than the S&P 500 itself — evaluate each strategy on its own behavior, not on the headline percentage.
Premium banding has a downside on the band-1 side: a buyer below the band-2 premium threshold receives the lower cap and lower participation rate on every index strategy and on the fixed account. A buyer comparing this contract's headline cap against a competitor's flat-band contract should verify which premium tier each rate is quoted at before deciding.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, want a built-in Protected Income Value income mechanism, need short-surrender liquidity, require an account-value-based death benefit, or live in California (this filing excludes CA — the CA sibling is augustar/orionshield-9) or New York (this filing also excludes NY).

All crediting strategies

View rate listings (16 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 139% · 1-yr

S&P MARC 5% Excess Return

participation