CapLock Fixed Indexed Annuity
Oceanview Life
7.5%
Best Cap
10%
Free W/D
48
States
CapLock is a fixed indexed annuity that locks your interest cap rate at issue for your full surrender period, combining market-linked growth potential with guaranteed principal protection. It's designed for people nearing or in retirement who want predictable long-term accumulation without market risk.
Free Withdrawal
10%/yr
Available In
48 states
Min Premium
$20,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Nasdaq-100 Index | 5Y | 7.5% | 100% | -- |
| Nasdaq-100 Index | 7Y | 7.75% | 100% | -- |
| Nasdaq-100 Index | Annual | 8.5% | 100% | -- |
| Russell 2000 Index | 5Y | 7.5% | 100% | -- |
| Russell 2000 Index | 7Y | 7.75% | 100% | -- |
| Russell 2000 Index | Annual | 8.5% | 100% | -- |
| S&P 500 Daily Risk Control 10% USD Excess Return Index | Annual | -- | 70% | -- |
| S&P 500 Daily Risk Control 5% Excess Return (USD) Index | Annual | -- | 140% | -- |
| S&P 500 Index | 2-Year | -- | 55% | -- |
| S&P 500 Index | 5Y | 8.1% | 100% | -- |
| S&P 500 Index | 7Y | 8.25% | 100% | -- |
| S&P 500 Index | Annual | 8.5% | 100% | -- |
| S&P 500 Index | Monthly | 5% | 100% | -- |
| Fixed Account | Daily | -- | -- | 3.5% |
Key Features
Locked Cap Rate
5 or 7 yearsCap rate is declared once at policy issue and remains fixed for your entire surrender charge period, providing predictability and eliminating annual re-declarations.
Principal Protection
100% protection from market downturnsYour account value cannot decline due to negative index performance. If index returns are negative, no interest is credited but your principal is not reduced.
Index-Linked Growth
Potential for 5-7% annual returns depending on cap rate and index performanceInterest is credited annually based on performance of leading indices (S&P 500, Nasdaq-100, Russell 2000) up to your locked cap rate.
Free Partial Withdrawals
10% annually, minimum $250Beginning in year two, withdraw up to 10% of your account value each year without surrender charges or market value adjustments.
No Annual Fees
$0 annual maintenanceNo explicit policy or administrative fees. Costs apply only to excess withdrawals during the surrender period.
Nursing Home & Terminal Illness Waivers
Included at no chargeAccess your funds penalty-free if confined to a qualifying facility for 90 days or diagnosed with terminal illness (after year one), at no additional cost.
Highlights
Cap rate is locked in at issue and guaranteed for your entire 5 or 7-year term—no annual changes or surprises
Potential for index-linked growth with full principal protection if markets decline
Free annual withdrawals of up to 10% of your account value without surrender charges
No direct stock market exposure—uses index performance only to calculate interest credits
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Individuals 50-85+ years old with moderate risk tolerance who want predictable, long-term growth with principal protection and don't need immediate access to all their funds.
Consider Alternatives If
People who need frequent access to their money, those uncomfortable with a 5-7 year commitment, or investors who want full stock market participation or dividend income.
Carrier Ratings
Free Comparison Report
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