Fixed index annuity review and rates

Vega 7 (Variation 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: CO, DE, ID, MA, MO, NV, SC, and TX

Allocation Accounts

Name Type Rates

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 8% 8% 7% 6% 5% 4%


Name Inbuilt Fee
Vega 7 with Level Lifetime Withdrawal Benefit Yes None
Vega 7 with Increasing Lifetime Withdrawal Benefit Yes None
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, and TSP