SILAC Insurance Company
4.9
based on complex data
Annuity Educator Rating
Annuity review

Denali Bonus 14 with Evolve (IN Only)

The Denali Bonus 14 with Evolve is a stellar annuity product that offers a terrific return on investment. Its confident and robust combination of bonus options and income riders might just make it the rock-steady income stream you've been seeking.

Exclusive to IN, it features Evolve—an innovative tool for tracking account values. You'll enjoy greater control over your finance. It's the safety-net retirees and burgeoning planners need on the journey to financial confidence.

Denali Bonus 14 with Evolve (IN Only)-brochure Denali Bonus 14 with Evolve (IN Only)-brochure

Denali Bonus 14 with Evolve (IN Only)

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About Product

Type
Fixed Index
Purpose
Lifetime Income
Premium Bonus
16%
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, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Stretch 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. 
Available in states: IN

Allocation Accounts

Name Type Rates
1-Year Barclays Atlas 5 Boost Spread
Boost
Annual
2.25% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread
Boost
Annual
2.5% Spread
1-Year Nasdaq Generations 5 Boost Spread
Boost
Annual
2.5% Spread
1-Year Fixed Account
Fixed
3.5% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
42% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
6.5% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.1% Cap
1-Year Barclays Atlas 5 PTP Participation Rate
Point to Point
Annual
155% Participation
1-Year S&P 500 PTP Monthly Average Participation Rate
Point to Point
Annual
Monthly average
77% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate
Point to Point
Annual
162% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate
Point to Point
Annual
157% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate
Point to Point
Annual
57% 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%

Hypothetical Projection

Comparison against S&P 500 using current rates
indexed chart
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Riders

Name Inbuilt Fee
Denali Bonus 14 with Evolve ELWB Level Yes
Denali Bonus 14 with Evolve ELWB Increasing 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, 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.
Note: we take TSP as a rollover to IRA.

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. 

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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