SILAC Insurance Company
4.7
based on complex data
Annuity Educator Rating
Annuity review

Teton Bonus 10 with Elevation Plus (Variation States)

The Teton Bonus 10 with Elevation Plus is an exceptional investment for your golden years. It offers excellent bonuses and guaranteed earnings. It's user-friendly, allowing easy access to funds. Isn’t stability what we all crave in retirement?

From its brochure, it is designed for long-term growth with a 10% upfront bonus and built-in protection against market downturns. It's a safety net for your hard-earned money. With the Teton Bonus 10, you're planning for a future with peace and security.

Teton Bonus 10 with Elevation Plus (Variation States)-brochure Teton Bonus 10 with Elevation Plus (Variation States)-brochure

Teton Bonus 10 with Elevation Plus (Variation States)

Your Email

Compare this annuity with 800+ others from 100+ companies

$

No agent will call you

About Product

Type
Fixed Index
Purpose
Accumulation
Premium Bonus
14%
Term
10 Years
Surrender schedule
9.3%
8.4%
7.5%
6.6%
5.7%
4.75%
3.8%
2.85%
1.9%
0.9%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
85
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 Bonus annuity series is a Modified Single Premium Fixed Indexed Deferred Annuity series. It's intended for a client seeking a long-term retirement savings vehicle. Different Withdrawal Charge Periods are available for you to choose from.

Barclays Atlas 5 Spread/Boost - 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 Bonus. Elevation or Elevation Plus can be added to Teton Bonus but not both. 
Available in states: AK, CO, CT, DE, ID, MA, MN, MO, MT, NV, OH, OR, PA, SC, TX, UT, and WA

Allocation Accounts

Name Type Rates
1-Year Nasdaq Generations 5 Boost Spread
Boost
Annual
2% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread
Boost
Annual
2.25% Spread
1-Year Barclays Atlas 5 Boost Spread
Boost
Annual
1.75% Spread
1-Year Fixed Account
Fixed
3% Fixed
1-Year S&P 500 PTP Monthly Average Participation Rate
Point to Point
Annual
Monthly average
72% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
40% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
5.75% Cap
1-Year Nasdaq Generations 5 PTP Participation Rate
Point to Point
Annual
145% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate
Point to Point
Annual
150% Participation
1-Year Barclays Atlas 5 PTP Participation Rate
Point to Point
Annual
140% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate
Point to Point
Annual
52% Participation
1-Year Fixed Account (CA Only)
Fixed
3% Fixed

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates
indexed chart
See if this annuity ranks in your top 3 for Ohio
$
!

Riders

Name Inbuilt Fee
Elevation Plus Rider Yes
Elevation Plus Rider (CT) Yes

Waivers

Nursing Home

Unavailable in states: CA

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. Please see the Certificate of Disclosure for more information. some states may not apply.

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.some states may not apply

ADL

Unavailable in states: CA

Up to 100% of the Account Value can be withdrawn 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.

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.
The Teton Bonus series allows you to add an additional premium for the first policy year. All additional premiums will automatically be applied to the fixed interest strategy and can be reallocated at the end of the first year.

Note: we take TSP as a rollover to IRA.

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. 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
  • A.M. Best B
  • Comdex 32
Assets: $10,393,472,750
Utah

Similar Products

IncomeShield 9 without LIBR (CA Only)
IncomeShield 9 without LIBR (CA Only)
A 3.50%
Fixed Rate
2.10%
Term
9yrs
WealthLock Accumulator 7
WealthLock Accumulator 7
A- 9.75%
Fixed Rate
4.50%
Term
7yrs
AssetShield Bonus 9 (CA Only)
AssetShield Bonus 9 (CA Only)
A 7.00%
Fixed Rate
2.00%
Term
9yrs
James Alden Experienced Annuity Educator
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. 😌