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Evolve 10

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.

Evolve 10

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Retire At

About Product

Type

Fixed Index

Purpose

Lifetime Income

Premium Bonus

Term

10 Years

Surrender schedule

12%

11%

10%

Fee withdrawal:

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$10,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, Traditional IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Stretch IRA, TSP, and Roth Conversion (Full)

Launch Date

05/30/2025

Evolve is a Fixed Indexed Annuity focused on providing lifetime income. Evolve provides a premium bonus, free withdrawals, lifetime income benefit and enhanced income during a time of need.
Income That Can't Be Outlived
A lifetime withdrawal benefit is automatically included and ensures that you can generate a lifetime income that will last for your life.

Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MA, MI, MN, MS, MO, MT, NE, NV, NH, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, UT, VT, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Nasdaq Generations 5 Boost Spread (Variation States)	Boost Annual	3.5% Spread
1-Year Nasdaq Generations 5 Boost Spread (Compact States)	Boost Annual	2.75% Spread
1-Year Barclays Atlas 5 Boost Spread (Most States)	Boost Annual	4.25% Spread
1-Year Barclays Atlas 5 Boost Spread (Variation States)	Boost Annual	3.5% Spread
1-Year Barclays Atlas 5 Boost Spread (Compact States)	Boost Annual	2.75% Spread
1-Year S&P 500 RavenPack Boost Spread (Variation States)	Boost Annual	3.75% Spread
1-Year S&P 500 RavenPack Boost Spread (Compact States)	Boost Annual	3% Spread
1-Year Nasdaq Generations 5 Boost Spread (Most States)	Boost Annual	4.25% Spread
1-Year S&P 500 RavenPack Boost Spread (Most States)	Boost Annual	4.5% Spread
1-Year Fixed Account (Variation States)	Fixed	4% Fixed
1-Year Fixed Account (Most States)	Fixed	4.75% Fixed
1-Year Fixed Account (Compact States)	Fixed	4% Fixed
1-Year Barclays Atlas 5 PTP Participation Rate (Compact States)	Point to Point Annual	165% Participation
1-Year Barclays Atlas 5 PTP Participation Rate (Variation States)	Point to Point Annual	185% Participation
1-Year Barclays Atlas 5 PTP Participation Rate (Most States)	Point to Point Annual	205% Participation
1-Year Bloomberg Versa 10 PTP Participation Rate (Compact States)	Point to Point Annual	80% Participation
1-Year Bloomberg Versa 10 PTP Participation Rate (Variation States)	Point to Point Annual	90% Participation
1-Year Bloomberg Versa 10 PTP Participation Rate (Most States)	Point to Point Annual	100% Participation
1-Year S&P 500 PTP Monthly Average Participation Rate (Compact States)	Point to Point Annual Monthly average	85% Participation
1-Year S&P 500 PTP Monthly Average Participation Rate (Variation States)	Point to Point Annual Monthly average	95% Participation
1-Year S&P 500 PTP Monthly Average Participation Rate (Most States)	Point to Point Annual Monthly average	105% Participation
1-Year S&P 500 PTP Monthly Sum Cap (Compact States)	Point to Point Annual Monthly sum	2.5% Cap
1-Year S&P 500 PTP Monthly Sum Cap (Variation States)	Point to Point Annual Monthly sum	2.75% Cap
1-Year S&P 500 PTP Monthly Sum Cap (Most States)	Point to Point Annual Monthly sum	3.25% Cap
1-Year S&P 500 Duo Swift PTP Participation Rate (Compact States)	Point to Point Annual	65% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate (Variation States)	Point to Point Annual	72% Participation
1-Year S&P 500 PTP Participation Rate (Compact States)	Point to Point Annual	47% Participation
1-Year S&P 500 PTP Participation Rate (Variation States)	Point to Point Annual	55% Participation
1-Year S&P 500 RavenPack PTP Participation Rate (Most States)	Point to Point Annual	220% Participation
1-Year S&P 500 RavenPack PTP Participation Rate (Variation States)	Point to Point Annual	200% Participation
1-Year S&P 500 RavenPack PTP Participation Rate (Compact States)	Point to Point Annual	175% Participation
1-Year S&P 500 PTP Participation Rate (Most States)	Point to Point Annual	60% Participation
1-Year S&P 500 PTP Cap (Compact States)	Point to Point Annual	7.25% Cap
1-Year S&P 500 PTP Cap (Variation States)	Point to Point Annual	8.5% Cap
1-Year Nasdaq Generations 5 PTP Participation Rate (Most States)	Point to Point Annual	210% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate (Variation States)	Point to Point Annual	190% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate (Compact States)	Point to Point Annual	165% Participation
1-Year S&P 500 PTP Cap (Most States)	Point to Point Annual	9.5% Cap
1-Year S&P 500 Duo Swift PTP Participation Rate (Most States)	Point to Point Annual	82% Participation

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	12%	12%	11%	10%	9%	8%	7%	6%	4%	2%

Riders

Name	Inbuilt	Fee
Evolve ELWB Level	Yes
Evolve ELWB Increasing	Yes

Waivers

Nursing Home

Unavailable in states: CA, and ND

Up to 100% of the Account Value can be withdrawn if the Owner is confined to a nursing home for at least 90 consecutive days and meets the eligibility requirements. Available after the 1st Policy Year. Please see the Certificate of Disclosure for more information.

Terminal Illness

Unavailable in states: CA

Up to 100% of the Account Value can be withdrawn if the Owner is diagnosed with a Terminal Illness that results in the Owner having a life expectancy of 12 months or less and eligibility requirements are met. Available after the 1st Policy Year. Please see the Certificate of Disclosure for more information.

ADL

Unavailable in states: CA, and SD

Up to 20% of the Account Value can be withdrawn each year for 5 Policy Years if the Owner is unable to perform 2 of the 6 Activities of Daily Living without the physical assistance of another person and meets eligibility requirements. Available after the 1st Policy Year. Please see the Certificate of Disclosure for more information.

Premium Notes

Minimum Premium
$10,000 Qualified and Non-Qualified
Additional premiums allowed 1st policy year. (Minimum Additional Premium: $2,000)

Withdrawal Provisions

Free WithdrawalsIn the 1st Policy Year, Required Minimum Distributions can be withdrawn. After the 1st Policy Year, up to 5% of the Account Value or RMD can be withdrawn. One free withdrawal allowed per year. Market Value Adjustment (MVA) An MVA applies to any withdrawal to which a withdrawal charge applies. An MVA can either decrease or increase the amount received from a full or partial withdrawal. It does not apply after the withdrawal charge period.

Company Founded: 1935

Average Rated Company

SILAC Insurance Company

Company Ratings

4.7