Fixed annuity review and rates

Secure Savings Elite

The Secure Savings Elite offers a higher credited rate than the Secure Savings and and allows you to customize the product to best fit your unique needs. Cash surrender value is payable at the death of the owner. Depending on the guarantee period chosen, it may offer liquidity options for a lower credited rate.

Free Withdrawals
In the first policy year, the greater of credited interest only or Require Minimum Distribution (RMD) may be withdrawn. In the second policy year and after, the greater of 5% of the Account Value, credited interest or RMD may be withdrawn.
Required minimum distributions (RMDs) are mandatory withdrawals from qualified contracts. They are required for anyone over age 70 ½. If the optional Required Minimum Distribution Rider is elected, RMDs are considered a free withdrawal, even if they exceed 5% of the account value.

Liquidity Riders

With the Secure Savings Elite, you may choose to purchase the following optional liquidity riders: 
  • Accumulated Interest Rider: Beginning in the first policy year, the interest credited may be withdrawn 
  • Required Minimum Distribution Rider: Beginning in the first policy year, RMDs may be withdrawn. 
  • 5% Penalty-Free Withdrawal Rider: Beginning in the second policy year, 5% of the account value can be withdrawn. 
All, none or any combination of the above riders may be added to the Secure Savings Elite. Please contact the rate sheet to see current rider availability by guarantee period.
Market Value Adjustment (MVA)

A Market Value Adjustment (MVA) applies to a full or partial surrender to which a withdrawal charge applies. It can either increase or decrease the amount you’ll receive from a surrender or excess withdrawal. It does not apply during the 30-day window or after the withdrawal charge period.

Death Benefit
Cash Value

Note: we take TSP as a rollover to IRA.

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
5 5 3.6% 3.6%
2 2 2.7% 2.7%
2 2 3.15% 3.15%
5 5 4% 4%


Name Inbuilt Fee
Accumulated Interest Rider No 0.06% rate reduction
5% Penalty Free withdrawal Rider No 0.06% rate reduction
Required Minimum Distribution Rider No 0.10% rate reduction
SILAC Insurance Company
Founded: 1935
A.M. Best: B+
S&P: B+
Carrier details
Free withdrawal
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