Fixed index annuity review and rates

Teton 7 (State Variation)

Teton is a Modified Single Premium Fixed Indexed Annuity. Teton may be a good fit if you are looking for:   
  • Guarantees
    You can choose the certainty of a fixed interest rate that is annually declared and subject to minimum guarantees. Your annuity also has a Minimum Guaranteed Value. 
  • Growth Potential
    You also have the choice of interest based on the performance of an external market Index. 
  • Protection of Principal
    Your savings are always protected from market fluctuations and are 100% principal protected. There is no direct downside market risk to your funds. 
  • Tax Deferral
    Save more for retirement with taxdeferred growth. The Teton Series allows you to keep more of your retirement savings working for you by deferring taxes until you choose to access the funds in your annuity. 
  • Access to Funds
    Multiple liquidity options are available to help you when life throws a curveball. After the withdrawal charge period, you can always access the full account value of your annuity. 
  • Wealth Transfer
    Leave a legacy for your loved ones and avoid probate. The full account value is available after your death. If your spouse is the beneficiary, then he or she can always choose to continue the policy. 
Barclays Atlas 5 Boost/Spread - Spread decreases your interest rate. Your interest credit will never be less than zero.
The boost increases your interest credit.

Inherited IRAs
Inherited IRAs will be allowed on Teton subject to the following conditions: 
  •  inherited IRAs are not accepted for a deceased who passed in 2020 or later. 
  •  When the beneficiary is younger than the decedent, maximum issue age of 65.
  • When the beneficiary is older than the decedent, the maximum age at death is 65. 
  •  If the new SILAC IRA is Teton or Teton Bonus, additional premiums will not be accepted 
  • Distribution restrictions apply
Available in states: AK, CO, DE, ID, MA, MN, MO, NV, OH, OR, PA, SC, TX, UT, and WA

Allocation Accounts

Name Type Rates

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 8% 8% 7% 6% 5% 4%
SILAC Insurance Company
Founded: 1935
A.M. Best: B+
S&P: B+
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 5%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
Types of funds
Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP