Fixed index annuity review and rates
Vega Bonus 10 (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 |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2%
Fixed
|
| 1-Year Nasdaq Generations 5 PTP Spread |
Point to Point
Annual
|
|
| 1-Year Nasdaq Generations 5 PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 1-Year Credit Suisse RavenPack PTP Spread |
Point to Point
Annual
|
|
| 1-Year Credit Suisse RavenPack PTP Participation Rate |
Point to Point
Annual
|
102%
Participation
|
| 1-Year Barclays Atlas 5 PTP Spread |
Point to Point
Annual
|
0.25%
Spread
|
| 1-Year Barclays Atlas 5 PTP Participation Rate |
Point to Point
Annual
|
97%
Participation
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
30%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
17%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4.25%
Cap
|
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 |
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Brochure
Free withdrawal
1st year: 0%
2nd+ year: 5%
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, 1035 Exchange, Stretch IRA, and TSP