SILAC Insurance Company
4.5
based on complex data
Annuity Educator Rating
Annuity review

Denali Bonus 7 with Evolve (Most States)

The Denali Bonus 7 with Evolve is an excellent choice for folks planning to retire. It guarantees a steady income stream for life, just like social security! Plus, you get a bountiful bonus just for signing up. Talk about a win-win!

Looking at the future can be scary, but with Denali Bonus 7, you can rest easy, knowing your money is safe and growing. You will never lose your principal nor your earnings due to market fluctuations. It's about effortless, smooth sailing into the sunset.

Denali Bonus 7 with Evolve (Most States)-brochure Denali Bonus 7 with Evolve (Most States)-brochure

Denali Bonus 7 with Evolve (Most States)

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About Product

Type
Fixed Index
Purpose
Lifetime Income
Premium Bonus
11%
Term
7 Years
Surrender schedule
12%
12%
11%
10%
9%
7%
4%
Fee withdrawal:
10%
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: AL, AZ, AR, FL, GA, HI, IL, IA, KS, LA, ME, MI, MS, NE, NH, NM, NC, ND, OK, RI, SD, TN, VT, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Barclays Atlas 5 Boost Spread
Boost
Annual
2.5% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread
Boost
Annual
2.75% Spread
1-Year Nasdaq Generations 5 Boost Spread
Boost
Annual
2.75% Spread
1-Year Fixed Account
Fixed
3.75% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
6.75% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.25% Cap
1-Year Barclays Atlas 5 PTP Participation Rate
Point to Point
Annual
160% Participation
1-Year S&P 500 PTP Monthly Average Participation Rate
Point to Point
Annual
Monthly average
80% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate
Point to Point
Annual
170% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate
Point to Point
Annual
162% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate
Point to Point
Annual
60% Participation

Surrender schedule

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

Hypothetical Projection

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

Name Inbuilt Fee
Denali Bonus with Evolve ELWB Level Yes
Denali Bonus with Evolve ELWB Increasing Yes

Waivers

Nursing Home

Unavailable in states: SD

Nursing Home Benefit 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

Terminal Illness Benefit 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: 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.  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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