SILAC Insurance Company
4.8
based on complex data
Annuity Educator Rating
Annuity review

Denali 7 (Compact States)

The Denali 7 Annuity is a superb choice for those planning for a secure future. It offers assured income and safety; nimble in catering to your specific needs. It feels like a trusty friend for your retirement journey!

What's more, the detailed brochure is transparent and easy to understand — showing the clear road to a worry-free retirement. Rest assured, your future looks bright with Denali 7!

Denali 7 (Compact States)-brochure Denali 7 (Compact States)-brochure

Denali 7 (Compact States)

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About Product

Type
Fixed Index
Purpose
Lifetime Income
Term
7 Years
Surrender schedule
9.3%
8.4%
7.5%
6.6%
5.7%
4.75%
3.8%
Fee withdrawal:
5%
Market Value Adjustment
Yes
Return Of Premium
No
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
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.


Available in states: AK, MN, MT, OH, OR, PA, UT, and WA

Allocation Accounts

Name Type Rates
1-Year Barclays Atlas 5 Boost Spread
Boost
Annual
3% Spread
1-Year Nasdaq Generations 5 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
87% 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
2.35% 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
45% 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 9% 8% 8% 7% 6% 5% 4%

Hypothetical Projection

Comparison against S&P 500 using current rates
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Riders

Name Inbuilt Fee
Denali with Lifetime Withdrawal Benefit Yes

Waivers

Nursing Home

Unavailable in states: CA

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

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.
Note: we take TSP as a rollover to IRA.

Withdrawal Provisions

Free WithdrawalsIn 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.

Company Founded: 1935
Average Rated Company
SILAC Insurance Company
Company Ratings
4.7
  • A.M. Best B
  • Comdex 32
Assets: $10,393,472,750
Utah

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