Fixed Indexed Annuity

OrionShield 7

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, 7-year fixed indexed annuity built around a no-fee S&P 500 annual point-to-point cap with full participation, a wide menu of proprietary volatility-controlled participation-rate strategies, a premium-band rate step-up, and no income rider attached.

1-year termAdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers committing to a 7-year deferral who want a recognizable no-fee S&P 500 cap alongside a wide menu of proprietary participation-rate strategies, are funding the contract with a single premium they can leave alone for the full surrender term, and ideally are placing enough premium to qualify for the upper band cap and participation rates the contract publishes at that tier.

AM Best

A Excellent

Surrender period

7 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

3.15% 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 full participation and no strategy fee, so a buyer gets at least one clean like-for-like comparison line against other FIAs on this site rather than only proprietary participation-rate strategies.
Caps and participation rates step up at the upper premium band — the S&P 500 cap, the Nasdaq Night Owl participation, and every other index strategy publish a higher rate for buyers funding at or above that threshold, so the headline rate understates what a larger-premium buyer actually receives.
The non-S&P menu is broad for a 7-year contract — Nasdaq Night Owl, S&P 500 Dynamic Intraday TCA ER, S&P MARC 5% ER, and three multi-asset dynamic/balanced indexes — so buyers who want volatility-controlled participation alternatives have several to weigh against the no-fee S&P cap.
Liquidity and protection features are visible directly on this page: an annual free-withdrawal allowance, the full year-by-year surrender ladder, the MVA flag, a nursing-home waiver, and a Guaranteed Accumulation Protection (GAP) rider that sets a minimum account value floor — rather than gated behind a sales brochure.

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 the 7-year term, not income.
Rates depend on the funding band: every strategy publishes a lower rate at the lower premium band and a higher rate at the upper premium band. The headline cap reflects the lead band — a buyer comparing this contract should be explicit about which premium tier they are quoting against on competing products.
Most of the non-S&P index options are proprietary volatility-controlled or excess-return indexes (Nasdaq Night Owl, S&P 500 Dynamic Intraday TCA ER, S&P MARC 5% ER, Dynamic Balanced Asset 10, Multi-Asset Dynamic Managed 5, Strategic Dynamic Balanced Asset 8). Their participation rates can look high in absolute terms but are not directly comparable to an S&P 500 cap, and several have shorter live-track histories than the S&P 500 itself.
Surrender lockup runs seven years with a market-value adjustment on amounts above the annual free-withdrawal allowance, and the standard death benefit pays cash surrender value — not account value or a rolled-up income base — so an early exit or a death-during-surrender event can deliver materially less than account value.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider or a built-in PIV income mechanism, want a plain MYGA-style declared rate, need short-surrender liquidity, or require 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: 125% · 1-yr

S&P MARC 5% Excess Return

participation