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Teton Bonus 14 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 Bonus 14 with Elevation

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Investment

Your Gender

Your Age

Retire At

About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

15%

Term

14 Years

Surrender schedule

14.75%

13.75%

12.75%

11.75%

10.75%

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

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.

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, AZ, AR, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MI, MS, NE, NH, NM, NC, ND, OK, RI, SD, TN, VT, VA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year S&P 500 RavenPack AI PTP Boost Spread (CA Only)	Boost Annual	2.5% Spread
1-Year Barclays Atlas 5 PTP Boost Spread (CA Only)	Boost Annual	2.25% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread (CO Only)	Boost Annual	2.5% Spread
1-Year Barclays Atlas 5 Boost Spread (CO Only)	Boost Annual	2.25% Spread
1-Year Nasdaq Generations 5 Boost Spread (CO Only)	Boost Annual	2.25% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread (Most States)	Boost Annual	2.5% Spread
1-Year Nasdaq Generations 5 PTP Boost Spread (CA Only)	Boost Annual	2.25% Spread
1-Year Barclays Atlas 5 Boost Spread (Most States)	Boost Annual	2.25% Spread
1-Year Nasdaq Generations 5 Boost Spread (Most States)	Boost Annual	2.25% Spread
1-Year Fixed Account (Most States)	Fixed	3.25% Fixed
1-Year Fixed Account (CA Only)	Fixed	3.25% Fixed
1-Year Fixed Account (CO Only)	Fixed	3% Fixed
1-Year Nasdaq Generations 5 PTP Participation Rate (CO Only)	Point to Point Annual	152% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate (CO Only)	Point to Point Annual	160% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate (CO Only)	Point to Point Annual	55% Participation
1-Year Bloomberg Versa 10 PTP Participation Rate (CO Only)	Point to Point Annual	70% Participation
1-Year Bloomberg Versa 10 PTP Participation Rate (Most States)	Point to Point Annual	72% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate (Most States)	Point to Point Annual	57% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate (Most States)	Point to Point Annual	157% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate (Most States)	Point to Point Annual	162% Participation
1-Year Barclays Atlas 5 PTP Participation Rate (Most States)	Point to Point Annual	152% Participation
1-Year S&P 500 PTP Monthly Average Participation Rate (Most States)	Point to Point Annual Monthly average	80% Participation
1-Year S&P 500 PTP Monthly Sum Cap (Most States)	Point to Point Annual Monthly sum	2.15% Cap
1-Year S&P 500 PTP Participation Rate (Most States)	Point to Point Annual	42% Participation
1-Year S&P 500 PTP Cap (Most States)	Point to Point Annual	6.5% Cap
1-Year S&P 500 PTP Monthly Average Participation Rate (CO Only)	Point to Point Annual Monthly average	77% Participation
1-Year S&P 500 PTP Monthly Sum Cap (CO Only)	Point to Point Annual Monthly sum	2% Cap
1-Year S&P 500 PTP Cap (CA Only)	Point to Point Annual	6.5% Cap
1-Year S&P 500 PTP Participation Rate (CA Only)	Point to Point Annual	42% Participation
1-Year S&P 500 PTP Monthly Sum Cap (CA Only)	Point to Point Annual Monthly sum	2.15% Cap
1-Year S&P 500 PTP Monthly Average Participation Rate (CA Only)	Point to Point Annual Monthly average	80% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate (CA Only)	Point to Point Annual	157% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate (CA Only)	Point to Point Annual	162% Participation
1-Year Barclays Atlas 5 PTP Participation Rate (CA Only)	Point to Point Annual	152% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate (CA Only)	Point to Point Annual	57% Participation
1-Year Barclays Atlas 5 PTP Participation Rate (CO Only)	Point to Point Annual	150% Participation
1-Year S&P 500 PTP Cap (CO Only)	Point to Point Annual	6.25% Cap
1-Year S&P 500 PTP Participation Rate (CO Only)	Point to Point Annual	42% Participation
1-Year Bloomberg Versa 10 PTP Participation Rate (CA Only)	Point to Point Annual	72% Participation

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10	11	12	13	14
Penalty	15%	14%	13%	12%	11%	10%	9%	8%	7%	6%	5%	4%	3%	2%

Riders

Name	Inbuilt	Fee
Elevation Rider	Yes

Waivers

Nursing Home

Unavailable in states: 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

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: SD

After the first policy year, you can withdraw up to 20% of your annuity's contract value each year for 5 years if you need home health care services and meet the eligibility requirements.

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.

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