CapLock™ FIA
5- or 7-Year Fixed Indexed Annuity
A “set-it-and-stick-with-it” FIA — cap rates locked for the full term.
Fixed Indexed Annuity (FIA)
An FIA Built to Eliminate Bad Cap Renewals
Many indexed annuities shine early – then caps reset lower and trust takes the hit. CapLock is different. For select strategies, the cap rate is declared once at issue and remains locked for the full surrender period. Cleaner reviews. Less defending.
Commission
4.50% / 5.25%
5-year / 7-year
Term Length
5 or 7 Years
Defined surrender period.
Minimum Premium
$20,000
Qualified & non-qualified.
Why Advisors Use CapLock
- Bad cap renewals hurt trust — CapLock helps avoid the year-two explanation.
- Cap rates locked for the full term on guaranteed-cap strategies.
- Simple annual point-to-point crediting — no moving parts.
- Less defending at reviews — expectations set once and stick.
The CapLock Difference
For select guaranteed-cap strategies, the cap rate is locked at issue and does not reset lower during the 5- or 7-year surrender period.
Client-Friendly Features
- Market-linked growth potential with principal protection.
- 10% free withdrawals annually after year one.
- RMD-friendly for qualified funds.
- Nursing home & terminal illness waivers included (where approved).
- Death benefit protects beneficiaries.
Issue Ages
- Up to 89 / 84 – 5-year / 7-year
Available in most states. Not available in NY or VT.
For agent use only. Not intended for use with the general public.
All guarantees are backed by the claims-paying ability of Oceanview Life and Annuity Company.
Withdrawals in excess of free amounts may be subject to surrender charges and Market Value Adjustment (MVA).
Product Resources
Download approved product and rate materials below.
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