Fixed index annuity review and rates

Vega Bonus 10 (AK, UT Only)

 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, and UT

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
1.75% Fixed
1-Year Nasdaq Generations 5 PTP Participation Rate
Point to Point
Annual
77% Participation
1-Year Nasdaq Generations 5 PTP Spread
Point to Point
Annual
1.25% Spread
1-Year S&P 500 PTP Cap
Point to Point
Annual
3.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
17% 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 Monthly Average Participation Rate
Point to Point
Annual
Monthly average
30% Participation
1-Year Barclays Atlas 5 PTP Participation Rate
Point to Point
Annual
75% Participation
1-Year Barclays Atlas 5 PTP Spread
Point to Point
Annual
1.5% Spread
1-Year Credit Suisse RavenPack PTP Participation Rate
Point to Point
Annual
77% Participation
1-Year Credit Suisse RavenPack PTP Spread
Point to Point
Annual
1.25% Spread

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 8% 8% 7% 6% 5% 4% 3% 2% 1%

Riders

Name Inbuilt Fee
Vega Bonus 10 with Level Lifetime Withdrawal Benefit (Issue Age 0-80) Yes None
Vega Bonus 10 with Level Lifetime Withdrawal Benefit (Issue Age 81-85) Yes None
Vega Bonus 10 with Increasing Lifetime Withdrawal Benefit (Issue Age 0-80) Yes None
Vega Bonus 10 with Increasing Lifetime Withdrawal Benefit (Issue Age 81-85) 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
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, SIMPLE IRA, Stretch IRA, Inherited IRA, and TSP