4.8
based on complex data
Annuity Educator Rating
Annuity review
Denali 14 with Elevation Plus
SILAC Insurance Company, previously referred to as Equitable Life & Casualty Insurance Company, has become a top-tier provider of annuity products for retirement savings. Founded in 1935, the company strives to help customers reach their financial objectives in retirement by offering state-of-the-art annuities. SILAC’s standout products are its fixed-indexed annuities and multi-year guaranteed annuities, which are designed to provide growth potential and consistent income streams. With a rating of B+ from A.M. Best, the company has shown a strong operating performance for almost a century.
Denali 14 with Elevation Plus
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About Product
Type
Fixed Index
Purpose
Accumulation
Premium Bonus
5%
Term
14 Years
Surrender schedule
14.75%
13.75%
12.75%
11.75%
10.75%
10%
9%
8%
7%
6%
5%
4%
3%
2%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
80
Types Of Funds
Non-Qualified, 401k, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Stretch IRA, Inherited IRA, TSP, and Roth Conversion (Full)
Launch Date
06/08/2020
SILAC Denali Series takes you on a new retirement journey. It provides guarantees where you need guarantees and flexibility where you need flexibility.
Elevation Plus is an optional rider that can be added to Denali. It includes the following enhanced liquidity benefits:
Premium Bonus
Interest & Bonus Recovery. Only applies to a full or partial withdrawal to which a withdrawal charge applies. Amount recovered is equal to Account Value less Premiums; including premium bonus and interest credits.
Free Withdrawals
The annual Free Withdrawal percentage is increased to 10%.
Cumulative Withdrawals
If no withdrawals are taken in a given policy year, fully unused free withdrawals can be carried over to the next year up to the maximum cumulative free withdrawal percentage of 30%.
The annual spread is 1.00% of your Account Value. The spread will never exceed the policy’s interest credit and occurs on each policy anniversary during the withdrawal charge period. Please see the Certificate of Disclosure for more information.
Elevation Plus is an optional rider that can be added to Denali. It includes the following enhanced liquidity benefits:
Premium Bonus
Interest & Bonus Recovery. Only applies to a full or partial withdrawal to which a withdrawal charge applies. Amount recovered is equal to Account Value less Premiums; including premium bonus and interest credits.
Free Withdrawals
The annual Free Withdrawal percentage is increased to 10%.
Cumulative Withdrawals
If no withdrawals are taken in a given policy year, fully unused free withdrawals can be carried over to the next year up to the maximum cumulative free withdrawal percentage of 30%.
The annual spread is 1.00% of your Account Value. The spread will never exceed the policy’s interest credit and occurs on each policy anniversary during the withdrawal charge period. Please see the Certificate of Disclosure for more information.
Available in states:
AL, AZ, AR, CA, CO, DC, FL, GA, HI, IL, IN, IA, KS, LA, ME, MI, MS, NE, NH, NM, NC, ND, OK, RI, SD, TN, VT, VA, WV, WI, and WY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Barclays Atlas 5 Boost Spread (Most States) |
Boost
Annual
|
4.5%
Spread
|
| 1-Year Nasdaq Generations 5 PTP Boost Spread (CA, IN Only) |
Boost
Annual
|
2.75%
Spread
|
| 1-Year Nasdaq Generations 5 Boost Spread (Most States) |
Boost
Annual
|
4.5%
Spread
|
| 1-Year S&P 500 RavenPack AI PTP Boost Spread (CA, IN Only) |
Boost
Annual
|
3%
Spread
|
| 1-Year Barclays Atlas 5 PTP Boost Spread (CA, IN Only) |
Boost
Annual
|
2.75%
Spread
|
| 1-Year Nasdaq Generations 5 Boost Spread (CO Only) |
Boost
Annual
|
4.25%
Spread
|
| 1-Year S&P 500 RavenPack AI PTP Boost Spread (CO Only) |
Boost
Annual
|
4.5%
Spread
|
| 1-Year Barclays Atlas 5 Boost Spread (CO Only) |
Boost
Annual
|
4.25%
Spread
|
| 1-Year S&P 500 RavenPack AI PTP Boost Spread (Most States) |
Boost
Annual
|
4.75%
Spread
|
| 1-Year Fixed Account (Most States) |
Fixed
|
5%
Fixed
|
| 1-Year Fixed Account (CA, IN Only) |
Fixed
|
4%
Fixed
|
| 1-Year Fixed Account (CO Only) |
Fixed
|
4.75%
Fixed
|
| 1-Year S&P 500 PTP Monthly Sum Cap (CO Only) |
Point to Point
Annual
Monthly sum
|
3%
Cap
|
| 1-Year Barclays Atlas 5 PTP Participation Rate (CO Only) |
Point to Point
Annual
|
205%
Participation
|
| 1-Year Barclays Atlas 5 PTP Participation Rate (CA, IN Only) |
Point to Point
Annual
|
160%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap (CA, IN Only) |
Point to Point
Annual
Monthly sum
|
2.5%
Cap
|
| 1-Year S&P 500 PTP Cap (CA, IN Only) |
Point to Point
Annual
|
7.25%
Cap
|
| 1-Year S&P 500 PTP Participation Rate (CA, IN Only) |
Point to Point
Annual
|
47%
Participation
|
| 1-Year S&P 500 RavenPack AI PTP Participation Rate (CA, IN Only) |
Point to Point
Annual
|
170%
Participation
|
| 1-Year Nasdaq Generations 5 PTP Participation Rate (CA, IN Only) |
Point to Point
Annual
|
165%
Participation
|
| 1-Year S&P 500 Duo Swift PTP Participation Rate (CA, IN Only) |
Point to Point
Annual
|
65%
Participation
|
| 1-Year Bloomberg Versa 10 PTP Participation Rate (CA, IN Only) |
Point to Point
Annual
|
77%
Participation
|
| 1-Year Nasdaq Generations 5 PTP Participation Rate (CO Only) |
Point to Point
Annual
|
210%
Participation
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate (CA, IN Only) |
Point to Point
Annual
Monthly average
|
85%
Participation
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate (CO Only) |
Point to Point
Annual
Monthly average
|
105%
Participation
|
| 1-Year S&P 500 PTP Cap (CO Only) |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate (Most States) |
Point to Point
Annual
Monthly average
|
110%
Participation
|
| 1-Year Barclays Atlas 5 PTP Participation Rate (Most States) |
Point to Point
Annual
|
210%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap (Most States) |
Point to Point
Annual
Monthly sum
|
3.25%
Cap
|
| 1-Year S&P 500 PTP Cap (Most States) |
Point to Point
Annual
|
9.75%
Cap
|
| 1-Year S&P 500 PTP Participation Rate (Most States) |
Point to Point
Annual
|
62%
Participation
|
| 1-Year S&P 500 RavenPack AI PTP Participation Rate (Most States) |
Point to Point
Annual
|
225%
Participation
|
| 1-Year Nasdaq Generations 5 PTP Participation Rate (Most States) |
Point to Point
Annual
|
215%
Participation
|
| 1-Year S&P 500 Duo Swift PTP Participation Rate (Most States) |
Point to Point
Annual
|
82%
Participation
|
| 1-Year Bloomberg Versa 10 PTP Participation Rate (Most States) |
Point to Point
Annual
|
100%
Participation
|
| 1-Year Bloomberg Versa 10 PTP Participation Rate (CO Only) |
Point to Point
Annual
|
100%
Participation
|
| 1-Year S&P 500 Duo Swift PTP Participation Rate (CO Only) |
Point to Point
Annual
|
82%
Participation
|
| 1-Year S&P 500 RavenPack AI PTP Participation Rate (CO Only) |
Point to Point
Annual
|
220%
Participation
|
| 1-Year S&P 500 PTP Participation Rate (CO Only) |
Point to Point
Annual
|
60%
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 |
|---|---|---|
| Elevation Plus Rider | Yes |
Waivers
Nursing Home
Unavailable in states: CA, and SD
After the first policy year, you can withdraw up to 100% of your annuity’s account value if you become confined to a qualified care facility for at least 90 consecutive days and meet the eligibility requirements. There is a waiting period of 1 year after policy issue date, and you cannot be confined at the time the policy is issued.
Terminal Illness
Unavailable in states: CA
After the first policy year, you can withdraw up to 100% of your annuity’s account value if you are diagnosed with a terminal illness that results in you have a life expectancy of 12 months or less and you meet the eligibility requirements. You cannot be confined at the time the policy is issued.
ADL
Unavailable in states: CA, and SD
Home Health Benefit. After the first policy year, you can withdraw up to 20% of your annuity’s account value each for 5 years if you need home health care services and meet the eligibility requirements.
Premium Notes
Minimum Premium
- $10,000 Qualified and Non-Qualified
- Additional premiums allowed 1st 12 months. (Minimum Additional Premium: $2,000). Additional premiums accepted as both, Lump Sum or Periodic payments.
Withdrawal Provisions
Free WithdrawalsIn the 1st Policy Year, Required Minimum Distributions can be withdrawn. After the 1st Policy Year, up to 10% of the Account Value or RMD can be withdrawn. One non-systematic free withdrawal allowed per year.
Company Founded: 1935
Average Rated
Company
Company Ratings
4.7
- A.M. Best B
- Fitch BBB-
- Comdex 32
Assets: $10,393,472,750
Utah
