Denali Bonus 7 (CA Only)

SILAC Insurance Company
Denali Bonus 7 (CA Only)-brochure Denali Bonus 7 (CA Only)-brochure

Denali Bonus 7 (CA Only)

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Ratings:

  • A.M. Best B
  • Comdex 35

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%

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 withdrawals
Each 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. 

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