Ratings last updated July 30, 2026
AuguStar Life Insurance Company, formerly Ohio National Life Insurance Company, is an insurance carrier whose annuities appear on AnnuaLife's rate boards. It holds an AM Best financial-strength rating of A (Excellent).
AM Best assigns AuguStar Life Insurance Company a financial-strength rating of A, which sits in its "Excellent" category. An AM Best rating is an independent opinion of an insurer's ability to meet its ongoing insurance and annuity obligations, its claims-paying ability. It is not a measure of investment performance, and it is not a guarantee. Annuities are backed by the issuing insurer, not the FDIC. An A reflects AM Best's assessment that the company has an excellent ability to meet those obligations. Ratings can change; the rating shown here was last checked July 30, 2026.
AuguStar lists fixed index annuities (FIAs) on AnnuaLife, its Observatory Accumulation series. These products are covered in our fixed index guide rather than on individual detail pages. Caps below are examples as of July 30, 2026 and vary by state.
| Product | Index | Cap | Participation | Minimum |
|---|---|---|---|---|
| Observatory Accumulation 10 | S&P 500 annual pt-to-pt | 13.00% | - | $25,000 |
| Observatory Accumulation 7 | S&P 500 annual pt-to-pt | 12.75% | - | $25,000 |
| Observatory Accumulation 5 | S&P 500 annual pt-to-pt | 12.50% | - | $25,000 |
Fixed index annuities work differently from fixed-rate products. Learn how caps and participation rates shape your return in the fixed index annuity guide.
Sources: PR Newswire, Constellation Insurance. Company facts last checked July 30, 2026.
AuguStar is the rebranded life and annuity business of Ohio National, a carrier with more than a century of history, now backed by Constellation Insurance. It carries an A ("Excellent") AM Best rating, and its Observatory Accumulation index caps run competitive on our board, in the 12.5% to 13% range at the time of writing. The rebrand is recent, so the name may be unfamiliar even though the underlying company is long established. If you want index-linked growth from an A-rated issuer, it belongs on the shortlist. An advisor can compare its caps against the rest of the board for you.
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