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.)

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
1.5% 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, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP