LunarLock MYGA
AuguStar Financial
5.2%
5-yr guarantee
10%
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
5.2% guaranteed for 5 years
A multi-year guaranteed annuity from AuguStar Financial (A.M. Best A 'Excellent') offered in 3-, 5-, and 7-year guarantee periods, with a 7-year surrender schedule, no MVA, an annual free-withdrawal allowance at the upper end of the MYGA range, a nursing-home waiver, and a $100,000 minimum premium to qualify for the high-band rate — filed in 49 states plus DC and Puerto Rico (excludes New York).
Best fit
Safety-first buyers who want a known, contractually guaranteed interest rate for a defined number of years from a financially sound carrier, have at least $100,000 to place to qualify for the high-band rate, value the meaningful annual free-withdrawal allowance and the absence of an MVA, and are comfortable leaving the bulk of the premium alone through a full 7-year surrender schedule.
AM Best
A Excellent
Surrender period
7 years
Free withdrawal
10%/yr
Availability
51 jurisdictions (excl. New York)
Product analyst notes
How to think about this contract
Why it can stand out
- Three guarantee-period lengths are offered (3-year, 5-year, and 7-year), so buyers can match the rate-lock to the horizon they actually want rather than being forced into a single term.
- Broadly filed: available in 49 states plus the District of Columbia and Puerto Rico (every US state except New York), so the great majority of U.S. buyers can purchase the contract on its standard terms.
- An annual free-withdrawal allowance is built in from year one — at the upper end of the MYGA range — which gives buyers meaningful access to the contract value each year without surrender charges.
- No market value adjustment: an early surrender during the surrender period is exposed only to the declining surrender charge, not to an additional rate-driven MVA on top of it.
What to confirm
- Minimum premium is $100,000 to receive the headline 'high-band' rate shown here. Buyers placing less than $100,000 fall into a lower premium band and receive a meaningfully lower rate; sub-$100K buyers should look at a different MYGA.
- Surrender period runs a full 7 years on every guarantee-period choice — including the 3-year and 5-year terms. After a 3-year or 5-year guarantee ends, the contract is still inside the surrender schedule, so any decision to walk away at term-end is not penalty-free.
- Only a nursing-home waiver is built in. The more common terminal-illness and RMD waivers are not included, so the contract's hardship exit valves are narrower than most peer MYGAs.
- This is a fixed declared-rate contract: no upside participation in any market index, no built-in lifetime-income mechanism, no income rider available, and a basic cash-value death benefit with no rollup or step-up. Buyers looking for growth participation, guaranteed lifetime income, or an enhanced death benefit should be comparing FIAs or income-rider products instead.
Not ideal for
Buyers placing less than $100,000 (the headline rate disappears at the lower premium band), buyers who want a 3- or 5-year exit that's penalty-free at the end of the guarantee period (the surrender schedule outlasts the shorter terms), buyers who rely on terminal-illness or RMD waivers for access, buyers who want exposure to a market index or guaranteed lifetime income, or buyers who want an enhanced death benefit.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.5% |
| 5-Year | 5.2% |
| 7-Year | 5.25% |
Key Features
Free withdrawal
10%/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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