Fixed Indexed Annuity

OrionShield 10 with Premium Bonus

AuguStar Financial

4.75%

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

4.75% cap on S&P 500

A ten-year, accumulation-focused fixed indexed annuity from tri-agency-rated AuguStar Financial, built around a no-fee S&P 500 annual point-to-point cap plus seven proprietary participation-rate index strategies, with a premium bonus that vests on an eleven-year graded schedule and no income rider attached.

1-year termAdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers committing to a full ten-year deferral who want a recognizable no-fee S&P 500 cap alongside a wide menu of proprietary participation-rate strategies, value a multi-agency-rated carrier, and can plan around a premium bonus that vests on a long graded schedule rather than at issue.

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

4.75% cap rate

Rate varies by premium band.

1-year term

Up to $150,000

Fixed Account

2.2% 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 at full participation with no strategy fee, giving a buyer at least one clean like-for-like comparison line against other FIAs on this site rather than only proprietary participation-rate strategies.
Day-one premium bonus is credited on every dollar of premium and applied across all growth strategies, lifting the working balance the index credits compound on from contract issue — meaningful on a ten-year deferral.
Index menu is unusually wide for a ten-year contract: alongside the S&P 500 cap, the buyer can choose from Nasdaq Night Owl, the S&P 500 Dynamic Intraday TCA (an intraday-replication S&P variant), Dynamic Balanced Asset 10, Multi-Asset Dynamic Managed 5, S&P MARC excess-return, and Strategic Dynamic Balanced Asset 8 — all participation-rate, all no-fee, all on a one-year annual point-to-point cadence.
Carrier financial strength is reported on this page as A.M. Best 'A' (Excellent), and the contract publishes contractual minimum-guarantee floors (a minimum cap, minimum participation, and minimum fixed-account interest rate) that bound the renewal-rate downside in writing rather than at carrier discretion.

What to confirm

This is an accumulation-only fixed indexed annuity. The live feed reports no optional lifetime-income rider and no built-in Protected Income Value chassis — do not buy this contract for a guaranteed lifetime withdrawal. Its job is index-linked growth over the ten-year term, not income.
The premium bonus does NOT vest on day one. The published schedule vests the bonus in graded steps over eleven years — the vested percentage stays at zero through the first three contract years, and full vesting only completes the year AFTER the ten-year surrender period ends. A contract surrendered any time inside the surrender window forfeits part of the bonus on top of the surrender charge, and any bonus value embedded in headline illustrations should be discounted against this schedule.
Six of the eight growth strategies are proprietary volatility-controlled or excess-return indexes. 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 on its own merits rather than headline participation alone.
Surrender lockup runs the full ten years with a market-value adjustment on amounts above the annual free-withdrawal allowance, and the standard death benefit on this contract pays cash surrender value rather than account value or a rolled-up income base — an early exit or a death-during-surrender event can deliver materially less than a competing contract's account-value-based benefit. The only surrender waiver attached is a nursing-home waiver.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, want built-in income via a Protected Income Value chassis, need a plain MYGA-style declared rate, require short-surrender liquidity or an account-value-based death benefit, or live in California — California residents should look at the state-variant sibling OrionShield 9 with Premium Bonus (orionshield-9-with-premium-bonus), which is the nine-year filing that replaces this product in California.

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: 78% · 1-yr

Multi-Asset Dynamic Managed 5 Index

participation