Best available rate
5.5%
7-yr guarantee · 7-yr surrender schedule · $100,000+ premium
Up to 5.5% depending on guarantee term and premium band.
View all rates and terms ↓10%
Free W/D
51
Available jurisdictions
Rates as of August 27, 2026. CANNEX via AdvisorWorld; confirm rates and state availability before purchase.
Product analyzer
Run numbers for LunarLock Prime
guaranteed rates, terms, state availability, surrender details, and contract facts stay scoped to this AuguStar Financial product.
Live product data
Rates as of August 27, 2026, from AdvisorWorld and CANNEX.
5-year guaranteed rate
5.5% guaranteed for 5 years
The shorter-surrender sibling of AuguStar's LunarLock MYGA chassis — a multi-year guaranteed annuity from AuguStar Financial (A.M. Best A 'Excellent') offered in 3-, 5-, and 7-year guarantee periods, with a 6-year surrender schedule (one year shorter than base LunarLock), 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 a shorter (6-year) surrender schedule that aligns more closely with the chosen guarantee period, and would trade a small amount of rate for that earlier penalty-free exit.
Available guarantee terms
3, 5, and 7 years
AM Best
A Excellent
Available surrender terms
3, 5, and 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
- Six-year surrender schedule — one full year shorter than the lock-up on AuguStar's base LunarLock MYGA chassis. Buyers who pick a 5-year guarantee end up only one year inside the surrender period at term-end (rather than two), making this the shorter-lock-up sibling for buyers who want closer alignment between guarantee period and penalty-free exit.
- 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.
- No market value adjustment: an early surrender during the surrender period is shown only to the declining surrender charge, not to an additional rate-driven MVA on top of it.
- 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.
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.
- The shorter surrender schedule on Prime comes at the cost of a slightly lower declared rate than AuguStar's base LunarLock MYGA chassis. Buyers who can tolerate a longer lock-up should compare the headline rate against the LunarLock MYGA sibling before choosing.
- Only a nursing-home waiver is built in. The more common terminal-illness and required-minimum-distribution 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 the highest possible LunarLock rate and are comfortable with a full 7-year lock-up (the base LunarLock MYGA is the right sibling in that case), 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.
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Guaranteed Rates by Term
CANNEX identifies each state, MVA, and liquidity-rider version below. Compound-equivalent annual rates are the primary comparison measure; the carrier's quoted simple-interest rate remains visible beneath each value.
| Contract version | Term | Surrender term | Rate effective | $10,000–$99,999Premium · comparable annual rate | $100,000+Premium · comparable annual rate |
|---|---|---|---|---|---|
| California · MVA · No liquidity rider | 3-Year | 3-Year schedule | Aug 15, 2026 | 4.55%Rate convention not stated | 4.75%Rate convention not stated |
| California · MVA · No liquidity rider | 5-Year | 5-Year schedule | Aug 15, 2026 | 5.3%Rate convention not stated | 5.5%Rate convention not stated |
| California · MVA · No liquidity rider | 7-Year | 7-Year schedule | Aug 15, 2026 | 5.3%Rate convention not stated | 5.5%Rate convention not stated |
| California · No MVA · No liquidity rider | 3-Year | 3-Year schedule | Aug 15, 2026 | 4.45%Rate convention not stated | 4.65%Rate convention not stated |
| California · No MVA · No liquidity rider | 5-Year | 5-Year schedule | Aug 15, 2026 | 5.2%Rate convention not stated | 5.4%Rate convention not stated |
| California · No MVA · No liquidity rider | 7-Year | 7-Year schedule | Aug 15, 2026 | 5.2%Rate convention not stated | 5.4%Rate convention not stated |
| Most states · MVA · No liquidity rider | 3-Year | 3-Year schedule | Aug 15, 2026 | 4.55%Rate convention not stated | 4.75%Rate convention not stated |
| Most states · MVA · No liquidity rider | 5-Year | 5-Year schedule | Aug 15, 2026 | 5.3%Rate convention not stated | 5.5%Rate convention not stated |
| Most states · MVA · No liquidity rider | 7-Year | 7-Year schedule | Aug 15, 2026 | 5.3%Rate convention not stated | 5.5%Rate convention not stated |
| Most states · No MVA · No liquidity rider | 3-Year | 3-Year schedule | Aug 15, 2026 | 4.45%Rate convention not stated | 4.65%Rate convention not stated |
| Most states · No MVA · No liquidity rider | 5-Year | 5-Year schedule | Aug 15, 2026 | 5.2%Rate convention not stated | 5.4%Rate convention not stated |
| Most states · No MVA · No liquidity rider | 7-Year | 7-Year schedule | Aug 15, 2026 | 5.2%Rate convention not stated | 5.4%Rate convention not stated |
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
3-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
After
0%
3-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
After
0%
3-Year Version
Yr 1
8.1%
Yr 2
7.2%
Yr 3
6.3%
After
0%
3-Year Version
Yr 1
8.1%
Yr 2
7.2%
Yr 3
6.3%
After
0%
5-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
5-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
5-Year Version
Yr 1
8.1%
Yr 2
7.2%
Yr 3
6.3%
Yr 4
5.4%
Yr 5
4.5%
After
0%
5-Year Version
Yr 1
8.1%
Yr 2
7.2%
Yr 3
6.3%
Yr 4
5.4%
Yr 5
4.5%
After
0%
7-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
7-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
7-Year Version
Yr 1
8.1%
Yr 2
7.2%
Yr 3
6.3%
Yr 4
5.4%
Yr 5
4.5%
Yr 6
2.6%
Yr 7
2.7%
After
0%
7-Year Version
Yr 1
8.1%
Yr 2
7.2%
Yr 3
6.3%
Yr 4
5.4%
Yr 5
4.5%
Yr 6
2.6%
Yr 7
2.7%
After
0%
Nursing home waiver, Surrender waivers
Carrier Ratings
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See how LunarLock Prime compares for your age, state, premium, and income goals alongside other AuguStar Financial MYGA options.