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

Denali Bonus 7 (CA Only)

The Denali Bonus 7 is a stellar annuity choice specially tailored for Californians! It allows you to grow your retirement savings with gusto, thanks to its impressive bonus feature. Your money works harder for you right from the get-go!

Its flexible access to income benefits is also worth mentioning. You’ll enjoy a sense of security and peace of mind, knowing you can make necessary withdrawals if an unexpected need arises. A truly top-notch choice for that assured and comfortable retirement you've earned!

Denali Bonus 7 (CA Only)-brochure Denali Bonus 7 (CA Only)-brochure

Denali Bonus 7 (CA Only)

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About Product

Type
Fixed Index
Purpose
Lifetime Income
Premium Bonus
8%
Term
7 Years
Surrender schedule
8.1%
7.2%
6.35%
5.5%
4.6%
3.7%
2.75%
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
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: CA

Allocation Accounts

Name Type Rates
1-Year Nasdaq Generations 5 PTP Boost Spread
Boost
Annual
1.5% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread
Boost
Annual
1.75% Spread
1-Year Barclays Atlas 5 PTP Boost Spread
Boost
Annual
1.5% Spread
1-Year Fixed Account
Fixed
3% Fixed
1-Year Nasdaq Generations 5 PTP Participation Rate
Point to Point
Annual
132% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate
Point to Point
Annual
140% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
35% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
5.25% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.75% Cap
1-Year Barclays Atlas 5 PTP Participation Rate
Point to Point
Annual
130% Participation
1-Year S&P 500 PTP Monthly Average Participation Rate
Point to Point
Annual
Monthly average
65% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate
Point to Point
Annual
47% Participation

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 8% 7% 6% 6% 5% 4% 3%

Hypothetical Projection

Comparison against S&P 500 using current rates
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Riders

Name Inbuilt Fee
Denali Bonus with Lifetime Withdrawal Benefit Yes

Waivers

No Waivers for Denali Bonus 7 (CA Only) annuity.

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 5% 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
  • A.M. Best B
  • Comdex 32
Assets: $10,393,472,750
Utah

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