Ratings:

A.M. Best B
Comdex 35

James Alden

Experienced Financial Advisor

25 years

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Teton Bonus 14 (CA Only)

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 Bonus 14 (CA Only)

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Ratings:

A.M. Best B
Comdex 35

About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

13%

Term

14 Years

Surrender schedule

11%10.3%9.2%8.9%7.8%6.7%6.25%5%4.5%3.3%2.7%1.3%0.7%0.5%

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

Launch Date

05/01/2019

The Teton Bonus Series is designed to help meet your long-term retirement savings needs. They include 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 premium bonus recovery, if applicable, will be applied. These charges do not apply to free withdrawals, cumulative withdrawals, RMDs, nursing home-withdrawals, terminal illness withdrawals, home-health care withdrawals, income payments, or death benefits. (For more information see Certificate of Disclosure.)

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

Available in states: CA

Allocation Accounts

Name	Type	Rates
1-Year Nasdaq Generations 5 PTP 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 PTP Boost Spread	Boost Annual	2% Spread
1-Year Fixed Account	Fixed	2.75% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	6% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	40% Participation
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2% Cap
1-Year S&P 500 PTP Monthly Average Participation Rate	Point to Point Annual Monthly average	75% Participation
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

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10	11	12	13	14
Penalty	11%	10%	9%	9%	8%	7%	6%	5%	5%	3%	3%	1%	1%	1%

Riders

No Riders for Teton Bonus 14 (CA Only) annuity.

Waivers

No Waivers for Teton Bonus 14 (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.

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 withdrawals
In 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 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 30% of your account value (as of the most recent policy anniversary).