Fixed Indexed Annuity

OrionShield 9 with Premium Bonus

AuguStar Financial

4.75%

Best Cap

10%

Free W/D

California

Only state

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

An accumulation-focused, A-rated, nine-year fixed indexed annuity built around a day-one premium bonus, a no-fee S&P 500 annual point-to-point cap, and a wide menu of proprietary participation-rate strategies — filed in California only as the shorter-surrender sibling of OrionShield 10 with Premium Bonus.

1-year termAdvisorWorld + CANNEX data

Best fit

California buyers committing to a nine-year deferral who want a day-one premium bonus, a recognizable no-fee S&P 500 cap alongside a wide menu of proprietary participation-rate strategies, and an A-rated carrier — and who would otherwise be looking at the 10-year OrionShield 10 with Premium Bonus sibling but cannot access it because it is not filed in California.

AM Best

A Excellent

Surrender period

9 years

Free withdrawal

10%/yr

Availability

California only

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

+ 5 volatility-controlled index options (Nasdaq Night, S&P 500, Balanced...)

Product analyst notes

How to think about this contract

Why it can stand out

A premium bonus credits to the account value on day one, materially lifting the working balance that the index strategies and the daily-rate fixed account credit against from contract start.
Crediting menu includes a recognizable S&P 500 annual point-to-point cap at full one-for-one participation and no 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.
Beyond the S&P 500 cap, the index menu spans six proprietary volatility-controlled and multi-asset participation-rate strategies (Nasdaq Night Owl, S&P 500 Dynamic Intraday TCA, Dynamic Balanced Asset 10, Strategic Dynamic Balanced Asset 8, and Multi-Asset Dynamic Managed 5), so a buyer who wants higher-participation alternatives on top of the cap can build a blended allocation on the same contract.
Free-withdrawal allowance, the full year-by-year surrender ladder, the market-value-adjustment flag, the GAP (Guaranteed Accumulation Protection) minimum-account-value rider, and the published minimum guaranteed cap and participation floors are all visible directly on this page rather than gated behind a sales brochure.

What to confirm

This contract is filed only in California — it is the 9-year-surrender CA-specific filing of the OrionShield with Premium Bonus chassis. Buyers outside California cannot purchase this contract; the equivalent in the other jurisdictions is OrionShield 10 with Premium Bonus (orionshield-10-with-premium-bonus), the same product on a 10-year surrender that California's filing limits don't allow.
The day-one premium bonus is not free money — it vests on a ten-year graded schedule that runs one full year past the nine-year surrender period. A contract surrendered or exchanged at any point before the final vesting year forfeits part of the bonus on top of the surrender charge and the market-value adjustment.
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 over the nine-year surrender term, not income.
Most of the non-S&P index options are proprietary volatility-controlled or multi-asset participation-rate indexes. Their participation rates can look high in absolute terms but are not directly comparable to an S&P 500 cap — evaluate each on its own merits rather than headline number alone. The standard death benefit on this contract pays cash surrender value rather than account value or a rolled-up income base, so an early exit or a death-during-surrender event can deliver materially less than a competing contract's account-value-based benefit.

Not ideal for

Buyers outside California (the OrionShield 10 with Premium Bonus sibling is the equivalent contract in the other jurisdictions where it is filed), buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, want a plain MYGA-style declared rate, need short-surrender liquidity inside the nine-year window, cannot afford to leave premium in for the full bonus-vesting schedule that extends one year past surrender, 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 (14 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