Denali 7 (CA Only)
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Highlights
SILAC Denali Series takes you on a new retirement journey. It provides guarantees where you need guarantees and flexibility where you need flexibility.
Available in states:
CA
Type
|
Fixed Index |
---|---|
Purpose | Lifetime Income |
Term
|
7 Years |
Surrender schedule
|
8.1%7.2%6.35%5.5%4.6%3.7%2.75% |
Free withdrawal
|
1st year: 0% 2nd+ year: 5% |
Market value adjustment
|
|
Return of premium
|
|
Launch date
|
06/08/2020 |
Minimum contribution
|
$10,000 |
Maximum contribution
|
$1,000,000 |
Max Age Qualified
|
90 |
Types of funds
|
Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Stretch IRA, and TSP |
Brochure
|
Open brochure |
Find out if the Denali 7 (CA Only) is the right product for you.
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.
Note: we take TSP as a rollover to IRA.
Withdrawal Provisions
Free Withdrawals
In the 1st Policy Year, Required Minimum Distributions can be withdrawn. After the 1st Policy Year, up to 5% of the Account Value or RMD can be withdrawn. One non-systematic free withdrawal allowed per year.
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Barclays Atlas 5 PTP Boost Spread |
Boost
Annual
|
3%
Spread
|
1-Year Nasdaq Generations 5 PTP Boost Spread |
Boost
Annual
|
3%
Spread
|
1-Year S&P 500 RavenPack AI PTP Boost Spread |
Boost
Annual
|
3.25%
Spread
|
1-Year Fixed Account |
Fixed
|
4%
Fixed
|
1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
90%
Participation
|
1-Year Barclays Atlas 5 PTP Participation Rate |
Point to Point
Annual
|
167%
Participation
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.5%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.25%
Cap
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
1-Year Nasdaq Generations 5 PTP Participation Rate |
Point to Point
Annual
|
172%
Participation
|
1-Year S&P 500 RavenPack AI PTP Participation Rate |
Point to Point
Annual
|
180%
Participation
|
1-Year S&P 500 Duo Swift PTP Participation Rate |
Point to Point
Annual
|
62%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
---|---|---|---|---|---|---|---|
Penalty | 8% | 7% | 6% | 6% | 5% | 4% | 3% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Denali with Lifetime Withdrawal Benefit | Yes |
Waivers
No Waivers for Denali 7 (CA Only) annuity.
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