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Fixed Indexed Annuity

OrionShield 10 with Premium Bonus

Augustar

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5.75%

Best S&P 500 Annual Cap

10%

Free W/D

Product data status: August 14, 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.

Model this product

See what OrionShield 10 with Premium Bonus would do for you

Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of August 14, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$236,360
Est. value at age 80 (OrionShield 10 with Premium Bonus)
10%
Premium bonus offered
S&P 500 Index — 4.75% Cap (Annual)
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies OrionShield 10 with Premium Bonus's published cap rate (4.75% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Growth starts from a bonus-adjusted illustrative account value: $100,000 premium + $10,000 premium bonus (10%) = $110,000. Bonus vesting and withdrawal treatment follow the contract. Not a projection, quote, or guarantee. Live CANNEX rates as of August 14, 2026.

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See how OrionShield 10 with Premium Bonus compares for your age, state, premium, and income goals alongside other Augustar fixed indexed annuity options.

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rate data

Run numbers for OrionShield 10 with Premium Bonus

rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Augustar product.

Live product data

Rates as of August 14, 2026, from AdvisorWorld and CANNEX.

S&P 500 annual point-to-point cap

5.75% cap on S&P 500

A ten-year, accumulation-focused fixed indexed annuity from tri-agency-rated AuguStar Financial, built around a no-fee S&P 500 annual point-to-point cap plus seven proprietary participation-rate index strategies, with a premium bonus that vests on an eleven-year graded schedule and no income rider attached.

1-year term10-year surrender$150,000+AdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers committing to a full ten-year deferral who want a recognizable no-fee S&P 500 cap alongside a wide menu of proprietary participation-rate strategies, value a multi-agency-rated carrier, and can plan around a premium bonus that vests on a long graded schedule rather than at issue.

AM Best

A Excellent

Surrender period

10 years

Free withdrawal

10%/yr

Availability

2 states (restricted footprint)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

4.75% cap rate

Annual cap

1-year term · 10-year surrender · Up to $150,000

Rate varies by premium band.

Fixed Account

Fixed Account

2.2% declared rate

Fixed account

1-year term · 10-year surrender · Up to $150,000

Rate varies by premium band.

+ 12 additional crediting 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 strategy fee, giving a buyer at least one clean like-for-like comparison line against other FIAs on this site rather than only proprietary participation-rate strategies.
  • Day-one premium bonus is credited on every dollar of premium and applied across all growth strategies, lifting the working balance the index credits compound on from contract issue — meaningful on a ten-year deferral.
  • Index menu is unusually wide for a ten-year contract: alongside the S&P 500 cap, the buyer can choose from Nasdaq Night Owl, the S&P 500 Dynamic Intraday TCA (an intraday-replication S&P variant), Dynamic Balanced Asset 10, Multi-Asset Dynamic Managed 5, S&P MARC excess-shows, and Strategic Dynamic Balanced Asset 8 — all participation-rate, all no-fee, all on a one-year annual point-to-point cadence.
  • Carrier financial strength is reported on this page as A.M. Best 'A' (Excellent), and the contract publishes contractual minimum-guarantee floors (a minimum cap, minimum participation, and minimum fixed-account interest rate) that bound the renewal-rate downside in writing rather than at carrier discretion.

What to confirm

  • This is an accumulation-only fixed indexed annuity. The live feed reports no optional lifetime-income rider 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 ten-year term, not income.
  • The premium bonus does NOT vest on day one. The published schedule vests the bonus in graded steps over eleven years — the vested percentage stays at zero through the first three contract years, and full vesting only completes the year AFTER the ten-year surrender period ends. A contract surrendered any time inside the surrender window forfeits part of the bonus on top of the surrender charge, and any bonus value embedded in headline illustrations should be discounted against this schedule.
  • Six of the eight growth strategies are proprietary volatility-controlled or excess-shows indexes. Their participation rates can look high in absolute terms but are not directly comparable to the S&P 500 cap and several have shorter live-track histories than the S&P 500 itself — evaluate each on its own merits rather than headline participation alone.
  • Surrender lockup runs the full ten years with a market-value adjustment on amounts above the annual free-withdrawal allowance, and the standard death benefit on this contract pays cash surrender value rather than account value or a rolled-up income base — an early exit or a death-during-surrender event can deliver materially less than a competing contract's account-value-based benefit. The only surrender waiver attached is a nursing-home waiver.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, want built-in income via a Protected Income Value chassis, need a plain MYGA-style declared rate, require short-surrender liquidity or an account-value-based death benefit, or live in California — California residents should look at the state-variant sibling OrionShield 9 with Premium Bonus (orionshield-9-with-premium-bonus), which is the nine-year filing that replaces this product in California.

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All crediting strategies

View rate listings (16 strategies)

These are the current crediting strategies available for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 95% · 1-yr

Multi-Asset Dynamic Managed 5 Index

participation

10-yr surrender$150,000+

Par: 88% · 1-yr

S&P MARC 5% Excess Return

participation

10-yr surrender$150,000+

Par: 60% · 1-yr

Strategic Dynamic Balanced Asset 8 Index

participation

10-yr surrender$150,000+

Par: 49% · 1-yr

Dynamic Balanced Asset 10 Index

participation

10-yr surrender$150,000+

Par: 34% · 1-yr

Nasdaq Night Owl Index

participation

10-yr surrender$150,000+

Par: 33% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

participation

10-yr surrender$150,000+

Cap: 5.75% · 1-yr

S&P 500 Index

cap

10-yr surrender$150,000+

Fixed: 2.6% · 1-yr

Fixed Account

fixed

10-yr surrender$150,000+

Par: 78% · 1-yr

Multi-Asset Dynamic Managed 5 Index

participation

10-yr surrenderUp to $149,999.99

Par: 71% · 1-yr

S&P MARC 5% Excess Return

participation

10-yr surrenderUp to $149,999.99

Par: 49% · 1-yr

Strategic Dynamic Balanced Asset 8 Index

participation

10-yr surrenderUp to $149,999.99

Par: 40% · 1-yr

Dynamic Balanced Asset 10 Index

participation

10-yr surrenderUp to $149,999.99

Par: 28% · 1-yr

Nasdaq Night Owl Index

participation

10-yr surrenderUp to $149,999.99

Par: 27% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

participation

10-yr surrenderUp to $149,999.99

Cap: 4.75% · 1-yr

S&P 500 Index

cap

10-yr surrenderUp to $149,999.99

Fixed: 2.2% · 1-yr

Fixed Account

fixed

10-yr surrenderUp to $149,999.99

Accumulation profile

Accumulation-focused contract

The CANNEX information identifies this product as tax-deferred accumulation. Compare cap, participation rate, fees, liquidity, and surrender terms; use a separate payout-focused contract when guaranteed payout mechanics are required.

Common questions about OrionShield 10 with Premium Bonus

● Can I lose money in OrionShield 10 with Premium Bonus?

A negative index return by itself does not reduce the contract's account value: OrionShield 10 with Premium Bonus credits 0% — the floor — for that indexed period. The account value can still decrease from applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 10 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do OrionShield 10 with Premium Bonus's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another available OrionShield 10 with Premium Bonus strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

1

Nursing home waiver

Premium bonus

10%

Bonus terms can vary by state, premium band, and rider election.

Death benefit

Standard Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Cap-rate floor

1.00%

Minimum guaranteed cap for cap-based indexed strategies.

Fixed account guarantee

1.00%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

10.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Annuitization options

Single life

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

12%

Yr 2

11%

Yr 3

10%

Yr 4

9%

Yr 5

8%

Yr 6

7%

Yr 7

6%

Yr 8

5%

Yr 9

4%

Yr 10

3%

After

0%

Nursing home waiver, Surrender waivers

Documents

product guide

Orionshield bonus copy 2.pdf

Confidence: highReviewed Apr 14, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA
S&PA-
Moody'sBaa1

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

OrionShield 10 with Premium Bonus currently shows 16 indexed or fixed crediting options, including S&P 500 Index and Fixed Account, with 12 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 4.75% annual cap
  • S&P 500 Index: 5.75% annual cap
  • Fixed Account: 2.2% fixed account rate
  • Fixed Account: 2.6% fixed account rate

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 10 surrender years
  • Nursing home waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as Orionshield bonus copy 2.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

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