Fixed index annuity review and rates
Vega 7 (Compact States)
The SILAC Vega Series is a comprehensive fixed index annuity focused on the accumulation of retirement benefits. The benefit value that automatically comes with all Vega FIA's offers multiple income options, growth, and an enhanced legacy benefit to navigate retirement.
Available in states:
AK, MN, OH, OR, PA, 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% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Vega 7 with Level Lifetime Withdrawal Benefit | Yes | None |
| Vega 7 with Increasing Lifetime Withdrawal Benefit | Yes | None |
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Brochure
Free withdrawal
1st year: 0%
2nd+ year: 5%
2nd+ year: 5%
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, and TSP