Fixed Indexed Annuity

OrionShield 5

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 28, 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, five-year-surrender fixed indexed annuity from AuguStar Financial built around a no-fee S&P 500 annual point-to-point cap at full participation, a wide menu of proprietary participation-rate strategies, and an annual free-withdrawal allowance — with no income rider attached.

1-year termAdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers committing to a five-year deferral who want a recognizable no-fee S&P 500 cap alongside a wide menu of proprietary participation-rate strategies, value the relatively short surrender window and the annual free-withdrawal allowance, and are comfortable with a single-A-rated carrier reported across three independent agencies.

AM Best

A Excellent

Surrender period

5 years

Free withdrawal

10%/yr

Availability

51 jurisdictions (excl. 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

3.1% 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 published strategy fee, so this contract gives a buyer at least one clean like-for-like comparison line against other FIAs on this site rather than only proprietary participation-rate strategies.
Surrender period is five years — short for a fixed indexed annuity — with an annual free-withdrawal allowance and a nursing-home waiver visible directly on this page, so penalty-free liquidity is unusually broad for a contract that also offers index crediting.
Index menu is unusually wide for a five-year contract — the S&P 500 cap sits alongside the Nasdaq Night Owl Index, 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 — giving the buyer several volatility-controlled participation-rate alternatives to the headline cap.
Carrier financial strength is reported on this page as A.M. Best 'A' (Excellent), so a buyer locking principal into the five-year deferral is committing to an A-rated insurer.

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, so do not buy this contract for a guaranteed lifetime withdrawal — its job is index-linked growth over a five-year deferral, not income.
The standard death benefit on this contract pays cash surrender value, not account value or a rolled-up income base — heirs receive what a buyer would receive on a non-penalty surrender, which can be materially lower than an account-value-based death benefit on a competing contract.
Surrender lockup runs the full five years with a market-value adjustment on amounts above the free-withdrawal allowance. Early exits carry both a surrender charge and interest-rate sensitivity through the MVA — confirm with the carrier how the MVA is computed before any planned partial surrender.
Annuitization is single-life only on this contract — joint-life annuitization is not available — so couples planning a joint income stream at annuitization should confirm the contract supports that structure before purchase.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, want lifetime income built into the chassis via a Protected Income Value mechanism, need a plain MYGA-style declared rate, require joint-life annuitization, or want an account-value-based death benefit — none of those are what this contract is built to deliver.

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: 129% · 1-yr

S&P MARC 5% Excess Return

participation