Denali Bonus 7 (Compact States)

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.

SILAC Insurance Company
15 customer reviews
Denali Bonus 7 (Compact States)-brochure Denali Bonus 7 (Compact States)-brochure

Denali Bonus 7 (Compact States)

Your Email

Ratings:

  • A.M. Best B+
  • Comdex 35

About Product

Type
Fixed Index
Purpose
Lifetime Income
Premium Bonus
8%
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 x
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: AK, CT, MN, MT, OH, OR, PA, UT, and WA

Allocation Accounts

Name Type Rates
1-Year Nasdaq Generations 5 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 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 9% 8% 8% 7% 6% 5% 4%

Riders

Name Inbuilt Fee
Denali Bonus 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 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. 

You might also be interested in

James Alden Experienced Financial Advisor
25 years experience
3,712 career consultations
4 slots free for today
scheduling.
Your Name
Your Phone
Thank you for your trust! I have received your contact information. Please wait for a call within 30 minutes. 😌