AuguStar OrionShield 7 Premium Bonus overview
The OrionShield 7 Premium Bonus earns interest from the performance of a market index, yet your money is never invested in the market itself. When the index falls during a crediting period, the credit is zero rather than a loss.
Its best S&P 500 1-year point-to-point cap is currently 5.25% at a $100,000 premium, one of 8 crediting strategies on the contract. Every strategy's current terms are in the menu below.
The tradeoff is access and upside. Withdrawals above the free amount face a surrender charge for 7 years, and index credits are limited by caps, participation rates, or spreads.
Crediting strategy menu
These are the carrier's filed rates by premium band, refreshed automatically from our live feed. The Reference cap tag marks the strategy we use to rank this product against its peers.
| Strategy | Method | Rate terms | Premium | In force |
|---|---|---|---|---|
| 1-Year Dynamic Balanced Asset 10 Annual Point to Point Participation | Point-to-point | Participation 75% | $25K - $150K | Nov 17, 2025 |
| 1-Year Dynamic Balanced Asset 10 Annual Point to Point Participation | Point-to-point | Participation 84% | $150K - $1.5M | Nov 17, 2025 |
| 1-Year Fixed Account | Fixed | Fixed 2.45% | $25K - $150K | Nov 17, 2025 |
| 1-Year Fixed Account | Fixed | Fixed 2.95% | $150K - $1.5M | Nov 17, 2025 |
| 1-Year Multi-Asset Dynamic Managed 5 Annual Point to Point Participation | Point-to-point | Participation 146% | $25K - $150K | Nov 17, 2025 |
| 1-Year Multi-Asset Dynamic Managed 5 Annual Point to Point Participation | Point-to-point | Participation 163% | $150K - $1.5M | Nov 17, 2025 |
| 1-Year Nasdaq Night Owl Annual Point to Point Participation Rate | Point-to-point | Participation 52% | $25K - $150K | Nov 17, 2025 |
| 1-Year Nasdaq Night Owl Annual Point to Point Participation Rate | Point-to-point | Participation 58% | $150K - $1.5M | Nov 17, 2025 |
| 1-Year S&P 500 Annual Point to Point CapReference cap | Point-to-point | Cap 5.25% | $25K - $150K | Nov 17, 2025 |
| 1-Year S&P 500 Annual Point to Point Cap | Point-to-point | Cap 6.25% | $150K - $1.5M | Nov 17, 2025 |
| 1-Year S&P 500 Dynamic Intraday TCA Annual Point to Point Participation Rate | Point-to-point | Participation 50% | $25K - $150K | Nov 17, 2025 |
| 1-Year S&P 500 Dynamic Intraday TCA Annual Point to Point Participation Rate | Point-to-point | Participation 56% | $150K - $1.5M | Nov 17, 2025 |
| 1-Year S&P MARC 5 Annual Point to Point Participation | Point-to-point | Participation 136% | $25K - $150K | Nov 17, 2025 |
| 1-Year S&P MARC 5 Annual Point to Point Participation | Point-to-point | Participation 152% | $150K - $1.5M | Nov 17, 2025 |
| 1-Year Strategic Dynamic Balanced Asset 8 Annual Point to Point Participation | Point-to-point | Participation 92% | $25K - $150K | Nov 17, 2025 |
| 1-Year Strategic Dynamic Balanced Asset 8 Annual Point to Point Participation | Point-to-point | Participation 103% | $150K - $1.5M | Nov 17, 2025 |
Compare all fixed index annuity rates to see how these terms line up against every carrier in our live feed.
Getting your money out
The contract allows 10% of the account value out each year without a surrender charge, beginning in year 2.
The surrender charge starts at 9.00% in year 1 and steps down to 3.00% in year 7. Those charges apply to the amount you withdraw above the free allowance.
A market value adjustment also applies during the surrender period. It can raise or lower an early withdrawal depending on how interest rates have moved since the contract was issued.
Who this fits
This contract fits money that can stay put for 7 years and a saver who wants a floor under a portion of retirement savings. It suits dollars that would otherwise sit in bonds or CDs but can accept a range of outcomes in exchange for more upside.
It does not fit an emergency fund or money with a known near-term spending date. A buyer who wants full market upside will find the caps and participation rates limit strong years, and withdrawals before age 59½ can carry a 10% IRS early withdrawal penalty on top of ordinary income tax.
Not sure this is the right fit? Take our annuity guide quiz and we will point you to the product types that match your timeline and your goal.
About AuguStar
AuguStar holds an A.M. Best financial strength rating of A. An annuity's guarantees rest on the issuing carrier's claims-paying ability, and no annuity is FDIC insured.
The contract is currently filed in 2 states. Availability and product versions vary by state, so confirm your state before applying.
To see how AuguStar measures up on size, ratings, and product lineup, compare the top annuity companies we place business with.
For the company's history, ratings, and full product lineup, read our AuguStar annuity review.
Other AuguStar index annuities
Same carrier, different surrender terms and rate sheets. Caps shown are the best S&P 500 1-year point-to-point cap at a $100,000 premium, refreshed from the same live feed as this page.
| Product | Surrender | S&P 500 1-yr cap |
|---|---|---|
| OrionShield 5 | 5 yrs | 7.60% |
| OrionShield 7 | 7 yrs | 7.60% |
| OrionShield 10 | 10 yrs | 7.60% |
| OrionShield 10 Premium Bonus | 10 yrs | 4.75% |
| Observatory Accumulation 5 | 5 yrs | 9.50% |
| Orbiter Growth 5 | 5 yrs | 9.00% |
| Omega Accumulation 5 | 5 yrs | 7.75% |
| Observatory Accumulation 7 | 7 yrs | 11.75% |
| Orbiter Growth 7 | 7 yrs | 8.75% |
| Omega Accumulation 7 | 7 yrs | 8.00% |
| Orbiter Growth 7 Premium Bonus | 7 yrs | 5.95% |
| Omega Bonus 7 | 7 yrs | 5.75% |
Frequently asked questions
What is the current cap on the OrionShield 7 Premium Bonus?
Its best S&P 500 1-year point-to-point cap is 5.25% at a $100,000 premium as of Aug 19, 2026. Carriers reprice caps regularly, so treat this as a snapshot of the current rate sheet rather than a permanent number.
How many crediting strategies does the OrionShield 7 Premium Bonus offer?
It currently offers 8 strategies across fixed, capped, participation, and trigger designs. Each strategy has its own current terms by premium band, listed in the strategy menu on this page.
Is my money locked up for 7 years?
Not locked, but charged. The contract allows 10% of the account value out each year without a surrender charge, beginning in year 2. Withdrawals above that allowance face the surrender schedule shown on this page, plus a market value adjustment.
How does the OrionShield 7 Premium Bonus compare to similar annuities?
It currently ranks #24 of 30 among 6-7 year fixed index annuities in our live carrier feed, ranked by S&P 500 1-year cap at a $100,000 premium. That standing refreshes automatically as carriers reprice.
Is the OrionShield 7 Premium Bonus FDIC insured?
No annuity is FDIC insured. Every guarantee in the contract is an obligation of AuguStar, which holds an A.M. Best financial strength rating of A.
How we know what's on this page
Rates, terms & availability
Every number on this page comes from the carrier's filed rate sheets in our live rate feed, refreshed daily. Nothing is typed in by hand, so the figures update automatically when AuguStar reprices.
Financial strength
A.M. Best. We publish the carrier's letter rating rather than a score of our own.
Peer standing
We rank each product's best S&P 500 1-year cap at a $100,000 premium against contracts with similar surrender periods in the same feed. Where a fact is not in the feed, the page leaves it out rather than estimating.
