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Denali Bonus 10 with Elevation

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 Bonus 10 with Elevation

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Investment

Your Gender

Your Age

Retire At

About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

15%

Term

10 Years

Surrender schedule

12%

11%

10%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$10,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP

Launch Date

06/08/2020

The Denali Bonus Series is designed to help meet your long-term retirement savings needs. It includes a withdrawal charge period. If you withdraw more than the free amount allowed during the withdrawal charge period, a withdrawal charge, market value adjustment and bonus recovery, if applicable, will be applied.

Elevation is an optional rider that can be added to Denali. It includes the following enhanced liquidity benefits:
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 0.50% 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.

Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MA, MI, MN, MS, MO, MT, NE, NV, NH, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Barclays Atlas 5 Boost Spread (Most States)	Boost Annual	3% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread (Compact States)	Boost Annual	2.25% Spread
1-Year Barclays Atlas 5 Boost Spread (Variation States)	Boost Annual	2.25% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread (Variation States)	Boost Annual	2.75% Spread
1-Year Nasdaq Generations 5 Boost Spread (Variation States)	Boost Annual	2.5% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread (Most States)	Boost Annual	3.25% Spread
1-Year Nasdaq Generations 5 Boost Spread (Compact States)	Boost Annual	2% Spread
1-Year Barclays Atlas 5 Boost Spread (Compact States)	Boost Annual	1.75% Spread
1-Year Nasdaq Generations 5 Boost Spread (Most States)	Boost Annual	3% Spread
1-Year Fixed Account (Most States)	Fixed	3.75% Fixed
1-Year Fixed Account (Compact States)	Fixed	2.75% Fixed
1-Year Fixed Account (Variation States)	Fixed	3.25% Fixed
1-Year Fixed Account (Variation States)(TX Only)	Fixed	3.25% Fixed
1-Year S&P 500 PTP Monthly Average Participation Rate (Variation States)	Point to Point Annual Monthly average	77% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate (Variation States)	Point to Point Annual	165% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate (Variation States)	Point to Point Annual	57% Participation
1-Year Bloomberg Versa 10 PTP Participation Rate (Variation States)	Point to Point Annual	72% Participation
1-Year Bloomberg Versa 10 PTP Participation Rate (Most States)	Point to Point Annual	80% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate (Most States)	Point to Point Annual	65% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate (Most States)	Point to Point Annual	172% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate (Most States)	Point to Point Annual	180% Participation
1-Year S&P 500 PTP Monthly Average Participation Rate (Most States)	Point to Point Annual Monthly average	87% Participation
1-Year Barclays Atlas 5 PTP Participation Rate (Most States)	Point to Point Annual	170% Participation
1-Year S&P 500 PTP Monthly Sum Cap (Most States)	Point to Point Annual Monthly sum	2.25% Cap
1-Year S&P 500 PTP Cap (Most States)	Point to Point Annual	7.25% Cap
1-Year S&P 500 PTP Participation Rate (Most States)	Point to Point Annual	47% Participation
1-Year Barclays Atlas 5 PTP Participation Rate (Variation States)	Point to Point Annual	155% Participation
1-Year S&P 500 PTP Monthly Sum Cap (Variation States)	Point to Point Annual Monthly sum	2.1% Cap
1-Year S&P 500 PTP Participation Rate (Compact States)	Point to Point Annual	40% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate (Compact States)	Point to Point Annual	145% Participation
1-Year S&P 500 PTP Cap (Compact States)	Point to Point Annual	5.75% Cap
1-Year S&P 500 PTP Monthly Sum Cap (Compact States)	Point to Point Annual Monthly sum	2% Cap
1-Year Barclays Atlas 5 PTP Participation Rate (Compact States)	Point to Point Annual	140% Participation
1-Year S&P 500 PTP Monthly Average Participation Rate (Compact States)	Point to Point Annual Monthly average	72% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate (Compact States)	Point to Point Annual	150% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate (Compact States)	Point to Point Annual	52% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate (Variation States)	Point to Point Annual	157% Participation
1-Year S&P 500 PTP Participation Rate (Variation States)	Point to Point Annual	42% Participation
1-Year S&P 500 PTP Cap (Variation States)	Point to Point Annual	6.5% Cap
1-Year Bloomberg Versa 10 PTP Participation Rate (Compact States)	Point to Point Annual	65% Participation

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	12%	12%	11%	10%	9%	8%	7%	6%	4%	2%

Riders

Name	Inbuilt	Fee
Elevation 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 withdrawalsEach year after the first policy year, you may withdraw up to 10% of your account value (as of the most recent policy anniversary). Free withdrawals will not be subject to withdrawal charges, market value adjustments or bonus recovery percentages, if applicable. One non-systematic free withdrawal allowed per year.

Company Founded: 1935

Average Rated Company

SILAC Insurance Company

Company Ratings

4.7