AuguStar Lunar Lock 5
Current Fixed Rates Bands
Rate Effective Date October 8, 2026
The AuguStar Lunar Lock 5 is a single-premium, fixed annuity with a five-year guaranteed rate lock. After 5 years, owners have a 30-day window to withdraw or reinvest their total account balance. If no action is taken, then a new term with a new surrender schedule begins.
Two rate bands are offered, with the highest interest rate for deposits above $100K. Qualified and non-qualified funds are accepted, including 1035 exchanges, IRA transfers, rollovers, Roth IRAs, inherited accounts, and non-qualified stretch funds.
Free 10% withdrawals are available in all years, including Required Minimum Distributions for IRA owners. This annuity can be purchased with or without a Market Value Adjustment. There are no surrender charges at passing.
More Annuity options from: AuguStar Life
Notable Features
At no additional cost, this annuity includes a Hospital and Nursing Home waiver, allowing owners to access their account value in times of need. The contract also includes options for lifetime income payments. Please see the brochure for more details.
This annuity includes a Market Value Adjustment (MVA). A non-MVA option is available at a 0.10% lower annual interest rate.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
5 Years
Free Withdrawals Yr1 / Yr2+
10% / 10%
Additional Withdrawal Information
Each year, owners can withdraw 10% of the total Contract Value as of the prior contract anniversary without incurring any surrender charges or an MVA. This account is RMD-friendly for IRA owners.
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 0%
Maximum Age
90
Minimum Investment
$100,000
Maximum Investment
$2,000,000
What We Like About This Annuity
This annuity offers 10% free withdrawals in all years and can be issued to age 90. The lower rate band offers a competitive interest rate, and there are no surrender penalties upon the owner’s passing. Two free withdrawal options are included for health needs.
Other Popular Products
AuguStar Life offers a wide array of life and annuity products. Beyond their MYGAs, their fixed-indexed and bonus annuity accounts are popular with our clients. The OrionShield, Omega, and Orbiter products perform well for those wanting ties to the market. And their diversified life insurance products are designed to cover several types of needs and budgets.
About AuguStar Life
AuguStar Life
AM Best Rating: A Excellent (3rd of 13 ratings)
About Augustar Life Insurance Company
Established in 1909, this large life and annuity provider was formerly known as Ohio National Life Insurance Company. They are now part of Constellation Insurance Holdings and domiciled in Cincinnati, OH.
They carry an A rating with AM Best and Fitch, with a 74 Comdex ranking. They boast over $18 billion in assets with a company surplus of over $2 billion. In 2025 alone, ALIC made over $900 million in annuity payments to its customers.
Their focus is retirement and estate protection using fixed, indexed, and bonus annuities as well as a diverse portfolio of competitive life insurance products. These insurance products are offered through independent agents across the US.
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