Annuity rate data updated daily

Rate data refreshes daily from AdvisorWorld and CANNEX carrier feeds. View current rates

Fixed Indexed Annuity

OrionShield 5

Augustar

Get my rate report

8.6%

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 5 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
$287,742
Est. value at age 80 (OrionShield 5)
8.6%
Best S&P 500 1-yr point-to-point cap
S&P 500 Index — 7.6% 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 5's published cap rate (7.6% 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. Not a projection, quote, or guarantee. Live CANNEX rates as of August 14, 2026.

Free Comparison Report

Get an OrionShield 5 rate report

See how OrionShield 5 compares for your age, state, premium, and income goals alongside other Augustar fixed indexed annuity options.

Get my rate report

rate data

Run numbers for OrionShield 5

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

8.6% cap on S&P 500

An accumulation-focused, A-rated, five-year-surrender fixed indexed annuity from AuguStar Financial built around a no-fee S&P 500 annual point-to-point cap at full participation, a wide menu of proprietary participation-rate strategies, and an annual free-withdrawal allowance — with no income rider attached.

1-year term5-year surrender$150,000+AdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers committing to a five-year deferral who want a recognizable no-fee S&P 500 cap alongside a wide menu of proprietary participation-rate strategies, value the relatively short surrender window and the annual free-withdrawal allowance, and are comfortable with a single-A-rated carrier reported across three independent agencies.

AM Best

A Excellent

Surrender period

5 years

Free withdrawal

10%/yr

Availability

3 states (restricted footprint)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

7.6% cap rate

Annual cap

1-year term · 5-year surrender · Up to $150,000

Rate varies by premium band.

Fixed Account

Fixed Account

3.1% declared rate

Fixed account

1-year term · 5-year surrender · Up to $150,000

Rate varies by premium band.

+ 10 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 published 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.
  • Surrender period is five years — short for a fixed indexed annuity — with an annual free-withdrawal allowance and a nursing-home waiver visible directly on this page, so penalty-free liquidity is unusually broad for a contract that also offers index crediting.
  • Index menu is unusually wide for a five-year contract — the S&P 500 cap sits alongside the Nasdaq Night Owl Index, S&P 500 Dynamic Intraday TCA, Dynamic Balanced Asset 10, Multi-Asset Dynamic Managed 5, S&P MARC 5% Excess shows, and Strategic Dynamic Balanced Asset 8 — giving the buyer several volatility-controlled participation-rate alternatives to the headline cap.
  • Carrier financial strength is reported on this page as A.M. Best 'A' (Excellent), so a buyer locking principal into the five-year deferral is committing to an A-rated insurer.

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 a five-year deferral, not income.
  • The standard death benefit on this contract pays cash surrender value, not account value or a rolled-up income base — heirs receive what a buyer would receive on a non-penalty surrender, which can be materially lower than an account-value-based death benefit on a competing contract.
  • Surrender lockup runs the full five years with a market-value adjustment on amounts above the free-withdrawal allowance. Early exits carry both a surrender charge and interest-rate sensitivity through the MVA — confirm with the carrier how the MVA is computed before any planned partial surrender.
  • Annuitization is single-life only on this contract — joint-life annuitization is not available — so couples planning a joint income stream at annuitization should confirm the contract supports that structure before purchase.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, want lifetime income built into the chassis via a Protected Income Value mechanism, need a plain MYGA-style declared rate, require joint-life annuitization, or want an account-value-based death benefit — none of those are what this contract is built to deliver.

Free Comparison Report

Get an OrionShield 5 rate report

See how OrionShield 5 compares for your age, state, premium, and income goals alongside other Augustar fixed indexed annuity options.

Get my rate report

All crediting strategies

View rate listings (30 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: 144% · 1-yr

Multi-Asset Dynamic Managed 5 Index

participation

5-yr surrender$150,000+

Par: 94% · 1-yr

Strategic Dynamic Balanced Asset 8 Index

participation

5-yr surrender$150,000+

Par: 74% · 1-yr

Dynamic Balanced Asset 10 Index

participation

5-yr surrender$150,000+

Par: 55% · 1-yr

Nasdaq Night Owl Index

participation

5-yr surrender$150,000+

Par: 51% · 1-yr

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

participation

5-yr surrender$150,000+

Cap: 8.6% · 1-yr

S&P 500 Index

cap

5-yr surrender$150,000+

Fixed: 3.85% · 1-yr

Fixed Account

fixed

5-yr surrender$150,000+

Par: 128% · 1-yr

Multi-Asset Dynamic Managed 5 Index

participation

5-yr surrenderUp to $149,999.99

Par: 83% · 1-yr

Strategic Dynamic Balanced Asset 8 Index

participation

5-yr surrenderUp to $149,999.99

Par: 66% · 1-yr

Dynamic Balanced Asset 10 Index

participation

5-yr surrenderUp to $149,999.99

Par: 49% · 1-yr

Nasdaq Night Owl Index

participation

5-yr surrenderUp to $149,999.99

Par: 45% · 1-yr

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

participation

5-yr surrenderUp to $149,999.99

Cap: 7.6% · 1-yr

S&P 500 Index

cap

5-yr surrenderUp to $149,999.99

Fixed: 3.1% · 1-yr

Fixed Account

fixed

5-yr surrenderUp to $149,999.99

Par: 145% · 1-yr

S&P MARC 5% Excess Return

Point-to-point

$150,000+

Par: 144% · 1-yr

Multi-Asset Dynamic Managed 5 Index

Point-to-point

$150,000+

Par: 94% · 1-yr

Strategic Dynamic Balanced Asset 8 Index

Point-to-point

$150,000+

Par: 74% · 1-yr

Dynamic Balanced Asset 10 Index

Point-to-point

$150,000+

Par: 55% · 1-yr

Nasdaq Night Owl Index

Point-to-point

$150,000+

Par: 51% · 1-yr

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

Point-to-point

$150,000+

Cap: 8.6% · 1-yr

S&P 500 Index

Point-to-point

$150,000+

Fixed: 3.85% · 1-yr

Fixed Account

Fixed account

$150,000+

Par: 129% · 1-yr

S&P MARC 5% Excess Return

Point-to-point

Up to $149,999.99

Par: 128% · 1-yr

Multi-Asset Dynamic Managed 5 Index

Point-to-point

Up to $149,999.99

Par: 83% · 1-yr

Strategic Dynamic Balanced Asset 8 Index

Point-to-point

Up to $149,999.99

Par: 66% · 1-yr

Dynamic Balanced Asset 10 Index

Point-to-point

Up to $149,999.99

Par: 49% · 1-yr

Nasdaq Night Owl Index

Point-to-point

Up to $149,999.99

Par: 45% · 1-yr

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

Point-to-point

Up to $149,999.99

Cap: 7.6% · 1-yr

S&P 500 Index

Point-to-point

Up to $149,999.99

Fixed: 3.1% · 1-yr

Fixed Account

Fixed account

Up 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 5

● Can I lose money in OrionShield 5?

A negative index return by itself does not reduce the contract's account value: OrionShield 5 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 5 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 5's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another available OrionShield 5 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

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

9%

Yr 2

8%

Yr 3

7%

Yr 4

6%

Yr 5

5%

After

0%

Nursing home waiver, Surrender waivers

Documents

product guide

Orionshield .pdf

Confidence: highReviewed Apr 14, 2026

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

product guide

9701I_08-25 Orionshield main sales.pdf

Confidence: highReviewed Apr 6, 2026

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

product guide

9701-IOrionShieldClientGuide.pdf

Confidence: highReviewed Apr 2, 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 5 currently shows 28 distinct indexed or fixed crediting choices across 30 displayed rate entries, including S&P 500 Index, with 22 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: 7.6% annual cap
  • S&P 500 Index: 7.6% annual point-to-point cap
  • S&P 500 Index: 8.6% annual point-to-point cap
  • S&P 500 Index: 8.6% annual cap

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
  • 5 surrender years
  • Nursing home waiver

Verification note

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

Carrier materials such as Orionshield .pdf and 9701I_08-25 Orionshield main sales.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

Free Comparison Report

Get an OrionShield 5 rate report

See how OrionShield 5 compares for your age, state, premium, and income goals alongside other Augustar fixed indexed annuity options.

Get my rate report

Related Resources