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Teton 10 with Elevation Plus (CA Only)

The Teton 10 with Elevation Plus is a terrific annuity option for residents of California. Its key benefits include guaranteed lifetime income, great for those looking to retire without financial worries.

Moreover, offering a chance of increased returns when the market goes up, but protection when it goes down, is quite reassuring! Secure your future with this stellar annuity product.

Teton 10 with Elevation Plus (CA Only)

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About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

Term

10 Years

Surrender schedule

8.1%

7.25%

6.35%

5.5%

4.6%

3.7%

2.75%

1.85%

0.9%

0.5%

Fee withdrawal:

10%

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, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP

Launch Date

05/01/2019

Teton is a Modified Single Premium Fixed Indexed Annuity. Teton may be a good fit if you are looking for:

Guarantees
You can choose the certainty of a fixed interest rate that is annually declared and subject to minimum guarantees. Your annuity also has a Minimum Guaranteed Value.
Growth Potential
You also have the choice of interest based on the performance of an external market Index.
Protection of Principal
Your savings are always protected from market fluctuations and are 100% principal protected. There is no direct downside market risk to your funds.
Tax Deferral
Save more for retirement with tax deferred growth. The Teton Series allows you to keep more of your retirement savings working for you by deferring taxes until you choose to access the funds in your annuity.
Access to Funds
Multiple liquidity options are available to help you when life throws a curveball. After the withdrawal charge period, you can always access the full account value of your annuity.
Wealth Transfer
Leave a legacy for your loved ones and avoid probate. The full account value is available after your death. If your spouse is the beneficiary, then he or she can always choose to continue the policy.

Barclays Atlas 5 Boost/Spread - Spread decreases your interest rate. Your interest credit will never be less than zero.
The boost increases your interest credit.

Inherited IRAs:
Inherited IRAs will be allowed on Teton subject to the following conditions:

Inherited IRAs are not accepted for a deceased who passed in 2020 or later.
When the beneficiary is younger than the decedent, maximum issue age of 65.
When the beneficiary is older than the decedent, the maximum age at death is 65.
If the new SILAC IRA is Teton or Teton Bonus, additional premiums will not be accepted
Distribution restrictions apply

Elevation Plus
Elevation Plus is an optional rider that can be added to Teton. Elevation or Elevation Plus can be added to Teton but not both.

Available in states: CA

Allocation Accounts

Name	Type	Rates
1-Year Nasdaq Generations 5 Boost Spread	Boost Annual	3.25% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread	Boost Annual	3.5% Spread
1-Year Barclays Atlas 5 Boost Spread	Boost Annual	3.25% Spread
1-Year Fixed Account	Fixed	4% Fixed
1-Year Nasdaq Generations 5 PTP Participation Rate	Point to Point Annual	182% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate	Point to Point Annual	190% Participation
1-Year Barclays Atlas 5 PTP Participation Rate	Point to Point Annual	180% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate	Point to Point Annual	67% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	7.75% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	50% Participation
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.5% Cap
1-Year S&P 500 PTP Monthly Average Participation Rate	Point to Point Annual Monthly average	92% Participation

Surrender schedule

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

Riders

Name	Inbuilt	Fee
Elevation Plus Rider	Yes

Waivers

No Waivers for Teton 10 with Elevation Plus (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 In the 1st Policy Year, Required Minimum Distributions can be withdrawn. After the 1st Policy Year, Up to 10% of the Account Value or RMD can be withdrawn. One non-systematic free withdrawal allowed per year.Cumulative Free Withdrawals If no withdrawals are taken in a given year, fully unused free withdrawals can be carried over to the next policy year. The maximum cumulative free withdrawal amount is 50% of your account value (as of the most recent policy anniversary).

Company Founded: 1935

Average Rated Company

SILAC Insurance Company

Company Ratings

4.7