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Teton 5 with Elevation

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.

Teton 5 with Elevation

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

5 Years

Surrender schedule

12%

11%

10%

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

Launch Date

06/05/2024

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.

Elevation is an optional rider that can be added to Teton. It includes the following enhanced liquidity benefits:
Free Withdrawals
The annual Free Withdrawal percentage is increased to 10%.
Cumulative Withdrawals
If no withdrawals are taken in a given policy year, fully unused free withdrawals can be carried over to the next year up to the maximum cumulative free withdrawal percentage of 30%.
The annual spread is 0.50% of your Account Value. The spread will never exceed the policy’s interest credit and occurs on each policy anniversary during the withdrawal charge period.

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, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Barclays Atlas 5 Boost Spread (Variation States)	Boost Annual	3.25% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread (Most States)	Boost Annual	4% Spread
1-Year Barclays Atlas 5 Boost Spread (Most States)	Boost Annual	3.5% Spread
1-Year Nasdaq Generations 5 Boost Spread (Most States)	Boost Annual	3.5% Spread
1-Year Nasdaq Generations 5 Boost Spread (Variation States)	Boost Annual	3.25% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread (Variation States)	Boost Annual	3.5% Spread
1-Year Fixed Account (Most States)	Fixed	4.25% Fixed
1-Year Fixed Account (Variation States)	Fixed	4% Fixed
1-Year S&P 500 PTP Participation Rate (Most States)	Point to Point Annual	50% Participation
1-Year S&P 500 PTP Monthly Sum Cap (Most States)	Point to Point Annual Monthly sum	2.65% Cap
1-Year S&P 500 PTP Monthly Average Participation Rate (Most States)	Point to Point Annual Monthly average	95% Participation
1-Year Barclays Atlas 5 PTP Participation Rate (Most States)	Point to Point Annual	187% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate (Most States)	Point to Point Annual	200% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate (Most States)	Point to Point Annual	190% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate (Most States)	Point to Point Annual	70% Participation
1-Year Bloomberg Versa 10 PTP Participation Rate (Most States)	Point to Point Annual	87% Participation
1-Year Bloomberg Versa 10 PTP Participation Rate (Variation States)	Point to Point Annual	85% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate (Variation States)	Point to Point Annual	67% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate (Variation States)	Point to Point Annual	182% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate (Variation States)	Point to Point Annual	190% Participation
1-Year Barclays Atlas 5 PTP Participation Rate (Variation States)	Point to Point Annual	180% Participation
1-Year S&P 500 PTP Monthly Average Participation Rate (Variation States)	Point to Point Annual Monthly average	90% Participation
1-Year S&P 500 PTP Monthly Sum Cap (Variation States)	Point to Point Annual Monthly sum	2.5% Cap
1-Year S&P 500 PTP Participation Rate (Variation States)	Point to Point Annual	47% Participation
1-Year S&P 500 PTP Cap (Most States)	Point to Point Annual	8.25% Cap
1-Year S&P 500 PTP Cap (Variation States)	Point to Point Annual	7.75% Cap

Surrender schedule

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

Riders

Name	Inbuilt	Fee
Teton 5 Elevation Rider	Yes

Waivers

Nursing Home

Unavailable in states: CA, and SD

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 requirement. Available after the 1st Policy Year.

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.

ADL

Unavailable in states: CA, and SD

Home Health Care Benefit. 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 5 Activities of Daily Living without the physical assistance of another person and meets eligibility requirements. Available after the 1st Policy Year.

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.

Withdrawal Provisions

Free withdrawalsIn 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.

Company Founded: 1935

Average Rated Company

SILAC Insurance Company

Company Ratings

4.7