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Teton Bonus 7 (CA Only)

The Teton Bonus 7 is a gem for California retirees! It's like a safety net, designed to grow your hard-earned nest egg – plus, you get an inviting 7% upfront bonus! This is a sweet deal that's hard to ignore in any retirement planning.

Your golden years should be worry-free and the Teton Bonus 7 intends to make it so. You'll appreciate its predictable and secure income, just like clockwork! It's the peace of mind you well deserve. A sunshiny California retirement awaits with the Teton Bonus 7!

Teton Bonus 7 (CA Only)

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Investment

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About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

Term

7 Years

Surrender schedule

8.1%

7.2%

6.35%

5.35%

4.6%

3.7%

2.75%

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 allows you to add an additional premium for the first policy year. Premium bonuses will also apply to all premiums. All additional premiums will automatically be applied to the fixed interest strategy and can be reallocated at the end of the first year.

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

Available in states: CA

Allocation Accounts

Name	Type	Rates
1-Year Barclays Atlas 5 Boost Spread	Boost Annual	2.25% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread	Boost Annual	2.75% Spread
1-Year Nasdaq Generations 5 Boost Spread	Boost Annual	2.5% Spread
1-Year Fixed Account	Fixed	3% Fixed
1-Year S&P 500 PTP Monthly Average Participation Rate	Point to Point Annual Monthly average	70% Participation
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.25% 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	6.5% Cap
1-Year Barclays Atlas 5 PTP Participation Rate	Point to Point Annual	155% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate	Point to Point Annual	165% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate	Point to Point Annual	157% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate	Point to Point Annual	57% Participation

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

Riders

Name	Inbuilt	Fee
Elevation Rider	No

Waivers

No Waivers for Teton Bonus 7 (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).

Company Founded: 1935

Average Rated Company

SILAC Insurance Company

Company Ratings

4.7