Vega Bonus 14 (CO Only)
In the complex world of retirement planning, annuities stand out as a popular choice for those seeking steady income streams in their golden years. Amidst a crowded market, a few annuity companies have distinguished themselves through their robust financial strength, customer service excellence, and diverse product offerings.
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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
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
1.75%
Fixed
|
| 1-Year Nasdaq Generations 5 PTP Spread |
Point to Point
Annual
|
0.75%
Spread
|
| 1-Year Nasdaq Generations 5 PTP Participation Rate |
Point to Point
Annual
|
87%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
3.75%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
25%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.35%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
40%
Participation
|
| 1-Year Barclays Atlas 5 PTP Participation Rate |
Point to Point
Annual
|
85%
Participation
|
| 1-Year Barclays Atlas 5 PTP Spread |
Point to Point
Annual
|
0.75%
Spread
|
| 1-Year Credit Suisse RavenPack PTP Participation Rate |
Point to Point
Annual
|
90%
Participation
|
| 1-Year Credit Suisse RavenPack PTP Spread |
Point to Point
Annual
|
0.5%
Spread
|
| 1-Year S&P 500 Duo Swift PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 15% | 14% | 13% | 12% | 11% | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Vega Bonus 14 with Level Lifetime Withdrawal Benefit | Yes | |
| Vega Bonus 14 with Increasing Lifetime Withdrawal Benefit | Yes |