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 CapLock Fixed Indexed Annuity 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 July 4, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$298,058
Est. value at age 80 (CapLock Fixed Indexed Annuity)
8.5%
Best S&P 500 1-yr point-to-point cap
Nasdaq-100 Index — 8.25% 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 CapLock Fixed Indexed Annuity's published cap rate (8.25% on Nasdaq-100 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 July 4, 2026.
Free Comparison Report
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See how CapLock Fixed Indexed Annuity compares for your age, state, premium, and income goals alongside other Oceanview Life fixed indexed annuity options.
Run live numbers for CapLock Fixed Indexed Annuity
Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Oceanview Life product.
Live product data
Rates as of July 4, 2026, based on the latest AdvisorWorld scan of CANNEX data.
S&P 500 annual point-to-point cap rate
8.5% cap on S&P 500
A multi-year-surrender fixed indexed annuity from an A-rated Oceanview Life carrier, built for index-linked accumulation across cap, participation, and monthly-sum strategies on a mix of recognizable benchmark and proprietary volatility-controlled indexes, with no income rider and no premium bonus.
1-year termAdvisorWorld + CANNEX data
Best fit
Buyers committed to a multi-year deferral who want index-linked accumulation, value the ability to mix crediting designs (cap, participation, monthly-sum) on the same S&P 500 exposure, and don't need a guaranteed lifetime-income rider built into the contract.
AM Best
A Excellent
Surrender options
5 and 7 years
Free withdrawal
10%/yr
Availability
48 jurisdictions
Featured crediting strategies
Caps, participation rates, and declared rates are shown separately.
Featured rows use the selected state rate set. The full listing below labels the other CANNEX state-rate variants separately.
Index / strategyRate mechanicsCreditingSurrenderPremium
S&P 500
S&P 500 Index
8.25% cap rate
Annual cap
1-year term · 5-year surrender · Premium band not shown
1-year term
5-year surrender
Premium band not shown
S&P 500
S&P 500 Index
monthly avg cap
5% cap rate
Monthly cap
1-year term · 5-year surrender · Premium band not shown
1-year term
5-year surrender
Premium band not shown
S&P 500
S&P 500 Index
8.5% cap rate
Annual cap
1-year term · 7-year surrender · Premium band not shown
1-year term
7-year surrender
Premium band not shown
S&P 500
S&P 500 Index
monthly avg cap
5% cap rate
Monthly cap
1-year term · 7-year surrender · Premium band not shown
1-year term
7-year surrender
Premium band not shown
S&P 500
S&P 500 Index
45% participation rate
Participation
1-year term · 5-year surrender · Premium band not shown
1-year term
5-year surrender
Premium band not shown
S&P 500
S&P 500 Index
50% participation rate
Participation
1-year term · 7-year surrender · Premium band not shown
1-year term
7-year surrender
Premium band not shown
S&P 500
S&P 500 Index
55% participation rate
Participation
2-year term · 5-year surrender · Premium band not shown
2-year term
5-year surrender
Premium band not shown
S&P 500
S&P 500 Index
60% participation rate
Participation
2-year term · 7-year surrender · Premium band not shown
2-year term
7-year surrender
Premium band not shown
S&P 500
S&P 500 Index
8.75% cap rate
Cap strategy
5-year term · 5-year surrender · Premium band not shown
5-year term
5-year surrender
Premium band not shown
S&P 500
S&P 500 Index
8.75% cap rate
Cap strategy
7-year term · 7-year surrender · Premium band not shown
7-year term
7-year surrender
Premium band not shown
Nasdaq-100
Nasdaq-100 Index
8.25% cap rate
Annual cap
1-year term · 5-year surrender · Premium band not shown
1-year term
5-year surrender
Premium band not shown
Nasdaq-100
Nasdaq-100 Index
8.5% cap rate
Annual cap
1-year term · 7-year surrender · Premium band not shown
1-year term
7-year surrender
Premium band not shown
Nasdaq-100
Nasdaq-100 Index
8% cap rate
Cap strategy
5-year term · 5-year surrender · Premium band not shown
5-year term
5-year surrender
Premium band not shown
Nasdaq-100
Nasdaq-100 Index
8% cap rate
Cap strategy
7-year term · 7-year surrender · Premium band not shown
7-year term
7-year surrender
Premium band not shown
Fixed Account
Fixed Account
3.5% declared rate
Fixed account
1-year term · 5-year surrender · Premium band not shown
1-year term
5-year surrender
Premium band not shown
Fixed Account
Fixed Account
3.5% declared rate
Fixed account
1-year term · 7-year surrender · Premium band not shown
Multiple crediting designs are offered on the S&P 500 — annual point-to-point cap, multi-year participation, and monthly-sum cap — so a buyer who wants S&P exposure can pick the mechanic that best fits their view of the index, rather than being locked into a single style.
Index menu spans recognizable benchmark indexes (S&P 500, Nasdaq-100, Russell 2000) alongside two proprietary volatility-controlled S&P 500 Daily Risk Control variants, so the buyer can choose between like-for-like cap comparison and higher-participation alternatives.
The surrender ladder is shorter than the ten-year norm on the long end of the FIA market — buyers who don't want a full decade of deferral can compare it directly against shorter-surrender alternatives, with the schedule fully visible on this page.
Free-withdrawal allowance and the full surrender schedule are visible on this page, so the schedule of penalty-free liquidity is not gated behind a sales brochure.
What to confirm
This contract is not a guaranteed-lifetime-withdrawal product. There is no GLWB income rider attached — the live feed shows an empty income-rider list — and the only contract-level enhancements are surrender-charge waivers (nursing home, terminal illness). Do not compare its payout side-by-side with a rider-led income FIA.
There is no premium bonus and no death-benefit roll-up on this contract — the death benefit is the standard contract value, with no guaranteed legacy bump. Buyers prioritizing a legacy step-up should evaluate that separately.
Several of the listed indexes are proprietary volatility-controlled benchmarks (S&P 500 Daily Risk Control variants). Participation rates on these strategies can look high in absolute terms but are not directly comparable to an uncontrolled S&P 500 cap — evaluate each strategy on its own merits. The guaranteed-minimum cap floor on this filing is low, so caps and participation rates can reset down toward that floor over the surrender term, and the buyer carries that renewal risk for the full term.
Not available to residents of New York, Vermont, or Mississippi per the live feed — the filing is offered in 48 jurisdictions. Confirm availability with the carrier for your state before assuming this contract is offered.
Not ideal for
Buyers who need a contractually guaranteed GLWB-rider withdrawal rate, expect a premium bonus to offset the surrender commitment, or want a death-benefit roll-up beyond the standard contract value — none of those are what this contract is built to deliver. Also not available to residents of New York, Vermont, or Mississippi per the live feed.
Free Comparison Report
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See how CapLock Fixed Indexed Annuity compares for your age, state, premium, and income goals alongside other Oceanview Life fixed indexed annuity options.
These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, state rate set, or rate type.
Par: 140% · 1-yr
S&P 500 Daily Risk Control 5% Excess Return (USD) Index
participation
5-yr surrender
Par: 70% · 1-yr
S&P 500 Daily Risk Control 10% USD Excess Return Index
participation
5-yr surrender
Par: 45% · 1-yr
S&P 500 Index
participation
5-yr surrender
Cap: 8.25% · 1-yr
S&P 500 Index
cap
5-yr surrender
Cap: 8.25% · 1-yr
Nasdaq-100 Index
cap
5-yr surrender
Cap: 8.25% · 1-yr
Russell 2000 Index
cap
5-yr surrender
Cap: 5% · 1-yr
S&P 500 Index
monthly_avg_cap
5-yr surrender
Fixed: 3.5% · 1-yr
Fixed Account
fixed
5-yr surrender
Par: 55% · 2-yr
S&P 500 Index
participation
5-yr surrender
Cap: 8.75% · 5-yr
S&P 500 Index
cap
5-yr surrender
Cap: 8% · 5-yr
Nasdaq-100 Index
cap
5-yr surrender
Cap: 8% · 5-yr
Russell 2000 Index
cap
5-yr surrender
Par: 50% · 1-yr
S&P 500 Index
participation
7-yr surrender
Cap: 8.5% · 1-yr
S&P 500 Index
cap
7-yr surrender
Cap: 8.5% · 1-yr
Nasdaq-100 Index
cap
7-yr surrender
Cap: 8.5% · 1-yr
Russell 2000 Index
cap
7-yr surrender
Par: 60% · 2-yr
S&P 500 Index
participation
7-yr surrender
Cap: 8.75% · 7-yr
S&P 500 Index
cap
7-yr surrender
Cap: 8% · 7-yr
Nasdaq-100 Index
cap
7-yr surrender
Cap: 8% · 7-yr
Russell 2000 Index
cap
7-yr surrender
Cap: 8.75% · 5-yr
S&P 500 Index
PP
Cap: 8% · 5-yr
Nasdaq-100 Index
PP
Cap: 8% · 5-yr
Russell 2000 Index
PP
Cap: 8.75% · 7-yr
S&P 500 Index
PP
Cap: 8% · 7-yr
Nasdaq-100 Index
PP
Cap: 8% · 7-yr
Russell 2000 Index
PP
Par: 140% · 1-yr
S&P 500 Daily Risk Control 5% Excess Return (USD) Index
PP
Other state rate set 7518
Par: 70% · 1-yr
S&P 500 Daily Risk Control 10% USD Excess Return Index
PP
Other state rate set 7518
Par: 45% · 1-yr
S&P 500 Index
PP
Other state rate set 7518
Cap: 8.25% · 1-yr
S&P 500 Index
PP
Other state rate set 7518
Cap: 8.25% · 1-yr
Nasdaq-100 Index
PP
Other state rate set 7518
Cap: 8.25% · 1-yr
Russell 2000 Index
PP
Other state rate set 7518
Cap: 5% · 1-yr
S&P 500 Index
AV
Other state rate set 7518
Fixed: 3.5% · 1-yr
Fixed Account
FX
Other state rate set 7518
Par: 55% · 2-yr
S&P 500 Index
PP
Other state rate set 7518
Par: 140% · 1-yr
S&P 500 Daily Risk Control 5% Excess Return (USD) Index
PP
Other state rate set 7592
Par: 70% · 1-yr
S&P 500 Daily Risk Control 10% USD Excess Return Index
PP
Other state rate set 7592
Par: 50% · 1-yr
S&P 500 Index
PP
Other state rate set 7592
Cap: 8.5% · 1-yr
S&P 500 Index
PP
Other state rate set 7592
Cap: 8.5% · 1-yr
Nasdaq-100 Index
PP
Other state rate set 7592
Cap: 8.5% · 1-yr
Russell 2000 Index
PP
Other state rate set 7592
Cap: 5% · 1-yr
S&P 500 Index
AV
Other state rate set 7592
Fixed: 3.5% · 1-yr
Fixed Account
FX
Other state rate set 7592
Par: 60% · 2-yr
S&P 500 Index
PP
Other state rate set 7592
Income riders
Accumulation-focused — no income rider
This contract is designed for tax-deferred accumulation, not guaranteed lifetime income. No GLWB rider was returned because none is part of the contract design — compare against other accumulation FIAs on cap, participation rate, and surrender terms rather than lifetime income.
Common questions about CapLock Fixed Indexed Annuity
● Can I lose money in CapLock Fixed Indexed Annuity?
A negative index return by itself does not reduce the contract's account value: CapLock Fixed Indexed Annuity 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 surrender period runs 5 years; after that you reach full liquidity. The Liquidity tab of the analyzer shows the year-by-year surrender charge.
● How do CapLock Fixed Indexed Annuity's crediting strategies compare?
Use "Compare against" in the analyzer to overlay another current CapLock Fixed Indexed Annuity 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
2
Nursing home waiver, Terminal illness waiver
Death benefit
Standard DB
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 and joint
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, Terminal illness waiver, Surrender waivers
Documents
brochure
[FIA] Oceanview CapLock - Client Brochure.pdf
Confidence: highReviewed Apr 8, 2026
Direct link not published — request the document from the carrier.
Carrier Ratings
AM BestA
Contract notes from product data
Crediting design
How the interest-crediting choices are framed
CapLock Fixed Indexed Annuity currently shows 38 distinct indexed or fixed crediting choices across 48 current rate listings, including S&P 500 Index, 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: 8.25% annual cap
S&P 500 Index: 5% monthly cap
S&P 500 Index: 8.5% annual cap
S&P 500 Index: 8.25% annual point-to-point 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
Terminal illness waiver
Verification note
Use carrier materials as term evidence, then confirm the current version
Carrier materials such as [FIA] Oceanview CapLock - Client Brochure.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 a CapLock Fixed Indexed Annuity rate report
See how CapLock Fixed Indexed Annuity compares for your age, state, premium, and income goals alongside other Oceanview Life fixed indexed annuity options.