AuguStar Enhances Orbiter Growth FIA with New EGAP Feature

AuguStar Retirement, part of the Constellation company family, has enhanced its Orbiter family of fixed indexed annuities (FIA) with the introduction of a new tiered Enhanced Guaranteed Accumulation Protection (EGAP) option for the Orbiter Growth annuity. This feature provides a guaranteed simple interest rate of return annually throughout the contract term, addressing the needs of clients approaching retirement who seek protection against market volatility. \

These enhancements aim to offer financial professionals in banks and broker-dealers a more secure retirement planning tool. Additionally, AuguStar is launching five new index options for the Orbiter Growth and Income annuities in collaboration with MerQube, which specializes in next-generation index-linked technology.

These options are designed to enhance diversification and potentially improve risk-adjusted returns through advanced intraday trading technology. AuguStar's strategy focuses on innovation, distribution expansion, and providing greater flexibility to institutions and financial advisors.

The enhancements align with Constellation’s broader growth and diversification goals, leveraging the backing of significant institutional investors managing billions in assets. This development signifies ongoing trends in the retirement annuity market towards combining guaranteed growth features with technologically advanced index options, which can appeal to institutions looking to balance growth opportunities with client security.