Fixed index annuity review and rates

Teton Bonus 10 (State Variation)

Equitable's Teton Bonus annuity series is a Modified Single Premium Fixed Indexed Deferred Annuity series. It's intended for a client seeking a long-term retirement savings vehicle. Different Withdrawal Charge Periods are available for you to choose from.

Barclays Atlas 5 Spread/Boost - 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, CT, DE, ID, MA, MN, MO, NV, OH, OR, PA, SC, TX, UT, and WA

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
1.75% Fixed
1-Year S&P 500 PTP Monthly Average Participation Rate
Point to Point
Annual
Monthly average
35% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
20% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
4% Cap
1-Year Nasdaq Generations 5 PTP Spread
Point to Point
Annual
0.75% Spread
1-Year Nasdaq Generations 5 PTP Participation Rate
Point to Point
Annual
85% Participation
1-Year Credit Suisse RavenPack PTP Participation Rate
Point to Point
Annual
85% Participation
1-Year Credit Suisse RavenPack PTP Spread
Point to Point
Annual
0.5% Spread
1-Year Barclays Atlas 5 PTP Spread
Point to Point
Annual
1% Spread
1-Year Barclays Atlas 5 PTP Participation Rate
Point to Point
Annual
82% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 8% 8% 7% 6% 5% 4% 3% 2% 1%
SILAC Insurance Company
Founded: 1935
A.M. Best: B+
S&P: B+
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 5%
Premium bonus
6%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
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