LunarGuard MYGA
AuguStar Financial
5%
5-yr guarantee
5%
Free W/D
51
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
5% guaranteed for 5 years
A nationally filed multi-year guaranteed annuity from an A.M. Best 'A' rated carrier (AuguStar Financial) offering 3-, 5-, and 7-year guaranteed-rate terms with a $100,000 high-band minimum, a seven-year surrender ladder, a small annual free-withdrawal allowance, and a nursing-home waiver.
Best fit
Safety-first buyers who want a known, contractually guaranteed annual interest rate for a fixed term from a financially sound carrier, have at least $100,000 to place for the high-band rate, are comfortable leaving principal alone for the chosen guarantee period, and don't need a large annual free-withdrawal allowance.
AM Best
A Excellent
Surrender period
7 years
Free withdrawal
5%/yr
Product analyst notes
How to think about this contract
Why it can stand out
- Three guarantee-period choices are filed under the same product — 3-year, 5-year, and 7-year — so a buyer can match the rate-lock to a defined planning horizon instead of being forced into a single term, and the rate-by-term table on this page shows the trade-off side by side.
- Broadly filed — the live feed shows the contract available across 49 states, the District of Columbia, and Puerto Rico (every US state except New York), so most buyers in most jurisdictions can purchase the product on its standard terms without hunting for a separate state filing.
- Issued by AuguStar Financial — reported here as A.M. Best 'A' (Excellent) — so principal is locked behind an A-rated insurer rather than an unrated or weakly-rated one for the guarantee period.
- A standard nursing-home waiver is built in — if the contract owner is confined to a qualifying care facility, surrender charges can be waived without paying for an optional rider, giving the contract a baseline hardship escape valve.
What to confirm
- Free-withdrawal allowance is capped at the smaller end of the MYGA spectrum — only a single-digit percent of the contract value per year — and the surrender period runs the full seven years regardless of which term is chosen. Sibling AuguStar MYGAs in this lineup offer a meaningfully larger annual free-withdrawal allowance; buyers who need ongoing access to principal should compare LunarLock MYGA or LunarLock Prime before choosing this one.
- Minimum premium to qualify for the headline (high-band) rate is $100,000. Deposits below that threshold are placed in the lower premium band and earn a lower declared rate on the same term — confirm which band the planned deposit falls into before relying on the rate shown here.
- Surrender charges step down gradually from a high single-digit percent in year one to roughly three percent in year seven — early surrender above the free-withdrawal allowance during the surrender period meaningfully reduces the walk-away value, so this is a deferral product and should be sized accordingly.
- The death benefit on this contract is the Cash Surrender Value — a beneficiary receives the account value net of any applicable surrender charge, with no stepped-up or rollup-enhanced value. There is also no upfront premium bonus and no return-of-premium feature, so the entire value proposition rests on the declared guaranteed rate and the published liquidity terms.
Not ideal for
Buyers placing less than the high-band minimum, buyers who need a larger annual free-withdrawal allowance (look at sibling LunarLock MYGA or LunarLock Prime in the same AuguStar lineup), buyers who want a shorter surrender window than seven years (LunarLock Prime runs six years), buyers who want exposure to a market index, buyers looking for guaranteed lifetime income, or buyers who want an enhanced death benefit beyond cash surrender value.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.55% |
| 5-Year | 5% |
| 7-Year | 5% |
Key Features
Free withdrawal
5%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
1Nursing home waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single lifeContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
8.1%
Yr 2
7.2%
Yr 3
6.3%
Yr 4
5.4%
Yr 5
4.5%
Yr 6
3.6%
Yr 7
2.7%
After
0%
Nursing home waiver, Surrender waivers
Carrier Ratings
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