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Oceanview CapLock 7

Established in 2018, Oceanview Life and Annuity Company has grown into an admirable provider of retirement planning solutions. Committed to boosting retirement savings accounts, the company aims to meet the demands of retirees and pre-retirees. With an assorted range of income solutions for retirement, Oceanview is especially known to have prodigious multi-year guaranteed annuities and fixed indexed annuities, designed to shield against market collapses while still offering growth potential and the ultimate stability. Their mission is to be a reliable source of top-tier annuity offerings, and having witnessed a recent upgrade in their credit ratings (A from A.M. Best), Oceanview’s position in the annuity market is only growing stronger.

Oceanview CapLock 7

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

7 Years

Surrender schedule

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$20,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, Profit Sharing, Traditional IRA, Spousal IRA, Pension, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, 457 plan, 1035 Exchange, Stretch IRA, Inherited IRA, NQ Stretch, TSP, Roth Conversion (Partial), and Roth Conversion (Full)

Launch Date

12/19/2025

The Oceanview CapLock Fixed Indexed Annuity is a Single Premium Deferred Fixed Indexed Annuity (FIA) with Cap Rate Guarantee Strategies. CapLock provides a clear, straightforward way to plan for long-term accumulation with confidence.
For the following three Guaranteed Cap Rate Index Strategies, the cap rate is declared once at policy issue and remains locked for your full surrender charge period — 5 or 7 years:

S&P 500 Annual Point-to-Point with Cap Rate Guarantee
Nasdaq-100 Annual Point-to-Point with Cap Rate Guarantee
Russell-2000 Annual Point-to-Point with Cap Rate Guarantee

That means no annual re-declarations, no mid-term adjustments, and no unexpected changes to the declared cap rate — just clear expectations and consistent performance parameters for long-term planning. Your cap rate remains the same for your entire selected Surrender Charge Period, providing predictability in how interest is credited. That’s the value of the LevelCap design.

*Guaranteed Cap Rate Strategies are available only at the time of application.
If you reallocate out of a Guaranteed Cap Rate Strategy, you cannot reallocate back into any Guaranteed Cap Rate Strategy.

Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	3.5% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	8.5% Cap
1-Year Nasdaq-100 PTP Cap	Point to Point Annual	8.5% Cap
1-Year Russell 2000 PTP Cap	Point to Point Annual	8.5% Cap
1-Year S&P 500 PTP Monthly Average Cap	Point to Point Annual Monthly average	5% Cap
1-Year Russell 2000 PTP Cap Rate Guarantee	Point to Point Annual	7.75% Cap
1-Year Nasdaq-100 PTP Cap Rate Guarantee	Point to Point Annual	7.75% Cap
1-Year S&P 500 PTP Cap Rate Guarantee	Point to Point Annual	8.25% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	50% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	60% Participation
1-Year S&P 500 Daily Risk Control 5% ER PTP Participation Rate	Point to Point Annual	140% Participation
1-Year S&P 500 Daily Risk Control 10% ER PTP Participation Rate	Point to Point Annual	70% Participation

Surrender schedule

Year	1	2	3	4	5	6	7
Penalty	9%	8%	7%	6%	5%	4%	3%

Riders

No Riders for Oceanview CapLock 7 annuity.

Waivers

Death

Upon death, beneficiaries receive the full contract value without surrender charges or a MVA

Nursing Home

Provides access to funds without surrender charges if confined to a qualifying facility for 90 consecutive days (after year one).

Terminal Illness

Provides access to funds if diagnosed with a terminal illness (after year one).

RMD

RMDs from qualified contracts are available after the first contract year and are not subject to surrender charges or MVA, even if they exceed 10%.

Premium Notes

Issue Ages
Up to Age 84 + 364 Days

Minimum Single Premium
$20,000 (Qualified and Non-Qualified)

Withdrawal Provisions

Free Partial WithdrawalsBeginning after the first contract year, you may withdraw up to 10% of your account value (as of the most recent contract anniversary) each year without surrender charges or MVA. Minimum Withdrawal Amount: $250.Market Value Adjustment (MVA)An MVA may increase or decrease the value of withdrawals exceeding the free withdrawal allowance, based on market interest rate changes since issue. The MVA applies only during the surrender charge period. (Not applicable in California)Required Minimum DistributionsRMDs from qualified contracts are available after the first contract year and are not subject to surrender charges or MVA, even if they exceed 10%.Settlement OptionsLife OnlyLife with 10-Year Period CertainJoint and last Survivor with 10-Year Period Certain

Company Founded: 1965

Excellent Rated Company

Oceanview Life and Annuity Company

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