Fixed index annuity review and rates

Teton Bonus 7 (State Variation)

The Teton Bonus Series is designed to help meet your long-term retirement savings needs. They include a withdrawal charge period. If you withdraw more than the free amount allowed during the withdrawal charge period, a withdrawal charge, market value adjustment, and premium bonus recovery, if applicable, will be applied. These charges do not apply to free withdrawals, cumulative withdrawals, RMDs, nursing home-withdrawals, terminal illness withdrawals, home-health care withdrawals, income payments, or death benefits. (For more information see Certificate of Disclosure.)

Inherited IRAs will be allowed on Teton with the following conditions:
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

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.
Available in states: AK, CT, DE, ID, MA, MO, NV, OH, OR, PA, SC, TX, UT, and WA

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
1.5% 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 Barclays Atlas 5 PTP Spread
Point to Point
Annual
0.25% Spread
1-Year S&P 500 PTP Cap
Point to Point
Annual
4.5% Cap
1-Year Nasdaq Generations 5 PTP Participation Rate
Point to Point
Annual
100% Participation
1-Year Nasdaq Generations 5 PTP Spread
Point to Point
Annual
1-Year Credit Suisse RavenPack PTP Participation Rate
Point to Point
Annual
100% Participation
1-Year Credit Suisse RavenPack PTP Spread
Point to Point
Annual
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
20% Participation
1-Year Barclays Atlas 5 PTP Participation Rate
Point to Point
Annual
95% Participation

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%
Premium bonus
6%
Surrender schedule
7 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, SIMPLE IRA, Stretch IRA, Inherited IRA, and TSP