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OrionShield 10 with Level 5 Premium Bonus

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About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

21%

Term

10 Years

Surrender schedule

12%

11%

10%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,500,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, Profit Sharing, Traditional IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, 1035 Exchange, and Roth Conversion (Full)

Launch Date

09/18/2023

The OrionShield annuity is a single premium fixed indexed annuity product designed for clients who are:

At or nearing retirement
Looking for a growth opportunity for the assets that they can’t afford to lose
Concerned about market losses and sudden swings

For illustrations, please contact Augustar Life.

Available in states: AL, AK, AZ, AR, 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, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Dynamic Balanced Asset 10 PTP Participation Rate Group A	Point to Point Annual	40% Participation
1-Year Multi-Asset Dynamic Managed 5 PTP Participation Rate Group A	Point to Point Annual	78% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate Group A	Point to Point Annual	27% Participation
1-Year Nasdaq Night Owl PTP Participation Rate Group A	Point to Point Annual	28% Participation
1-Year Strategic Dynamic Balanced Asset 8 PTP Participation Rate Group A	Point to Point Annual	49% Participation
1-Year S&P MARC 5 PTP Participation Rate Group A	Point to Point Annual	71% Participation
1-Year Nasdaq Night Owl PTP Participation Rate Group A	Point to Point Annual	34% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate Group A	Point to Point Annual	33% Participation
1-Year S&P MARC 5 PTP Participation Rate Group A	Point to Point Annual	88% Participation
1-Year Strategic Dynamic Balanced Asset 8 PTP Participation Rate Group A	Point to Point Annual	60% Participation
1-Year Multi-Asset Dynamic Managed 5 PTP Participation Rate Group A	Point to Point Annual	95% Participation
1-Year Dynamic Balanced Asset 10 PTP Participation Rate Group A	Point to Point Annual	49% Participation

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	12%	11%	10%	9%	8%	7%	6%	5%	4%	3%

Riders

No Riders for OrionShield 10 with Level 5 Premium Bonus annuity.

Waivers

Death

Surrender charges do not apply as a result of the death of the Annuitant.

Nursing Home

Unavailable in states: CA

If the Annuitant is confined to a Hospital or Nursing Facility for at least 30 consecutive days, partial withdrawals may be taken to help pay for expenses without incurring any surrender charges or MVA. Availability of the Nursing Home Waiver may vary by state and/or issue age.

Annuitization

Surrender charges do not apply under certain annuitization scenarios.

RMD

The product includes Penalty-Free Withdrawal Provisions for RMD.

Premium Notes

Annual Contract Fee
None.

Withdrawal Provisions

Free Withdrawal amount Beginning in the second contract year, 10% of the beginning Index Year Contract Value may be withdrawn without incurring any surrender charges or MVA. Market Value Adjustment (MVA) An adjustment applied to your contract’s value or withdrawal amount if you withdraw more than the contract allows in a single year. A Market Value Adjustment is subject to current market conditions, and could affect your contract’s value or withdrawal amount positively or negatively, but cannot reduce your contract’s value to less than the Guaranteed Minimum Surrender Value (GMSV).

Company Founded: 1909

Excellent Rated Company

AuguStar Life Insurance Company

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