AuguStar Retirement Enhances OrionShield Annuities with New Premium Bonuses

AuguStar® Retirement, part of the Constellation family, recently launched new features for its OrionShield fixed indexed annuity, aimed at enhancing the offerings within Independent Marketing Organization (IMO) channels.

The updated OrionShield annuity introduces a tiered premium bonus structure, providing up to a 24% bonus on the initial premium on day one. This addition is particularly significant for the age group of 81-85, who are often underserved in this market segment. The annuity also includes a diverse range of new index options developed in partnership with technology firm MerQube, which allow for more diversified investment possibilities and improved risk management.

This strategic enhancement places OrionShield among the competitive leaders in annuity products, providing robust options for risk-adjusted returns and fulfilling AuguStar's commitment to meeting client needs with innovative solutions.