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Teton Bonus 7 with Elevation Plus

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 7 with Elevation Plus

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Investment

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Retire At

About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

13%

Term

7 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

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.

Elevation Plus is an optional rider that can be added to Teton. It includes the following enhanced benefits:
Premium Bonus
Interest & Bonus Recovery. Only applies to a full or partial withdrawal to which a withdrawal charge applies. Amount recovered is equal to Account Value less Premiums; including premium bonus and interest credits.
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 1.00% 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. Please see the Certificate of Disclosure for more information.

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	1.75% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread (Variation States)	Boost Annual	2.25% Spread
1-Year Nasdaq Generations 5 Boost Spread (Variation States)	Boost Annual	2% Spread
1-Year Nasdaq Generations 5 Boost Spread (Most States)	Boost Annual	2.25% Spread
1-Year Barclays Atlas 5 Boost Spread (Most States)	Boost Annual	2.25% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread (Most States)	Boost Annual	2.5% Spread
1-Year Fixed Account (Variation States)	Fixed	2.75% Fixed
1-Year Fixed Account (Variation States)(CO Only)	Fixed	2.75% Fixed
1-Year Fixed Account (Most States)	Fixed	3% Fixed
1-Year S&P 500 RavenPack AI PTP Participation Rate (Variation States)	Point to Point Annual	150% Participation
1-Year Barclays Atlas 5 PTP Participation Rate (Variation States)	Point to Point Annual	140% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate (Variation States)	Point to Point Annual	145% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate (Variation States)	Point to Point Annual	52% Participation
1-Year Bloomberg Versa 10 PTP Participation Rate (Variation States)	Point to Point Annual	65% Participation
1-Year S&P 500 PTP Participation Rate (Variation States)	Point to Point Annual	37% Participation
1-Year S&P 500 PTP Cap (Variation States)	Point to Point Annual	5.75% Cap
1-Year S&P 500 PTP Monthly Sum Cap (Variation States)	Point to Point Annual Monthly sum	2% Cap
1-Year S&P 500 PTP Monthly Average Participation Rate (Variation States)	Point to Point Annual Monthly average	70% Participation
1-Year Bloomberg Versa 10 PTP Participation Rate (Most States)	Point to Point Annual	70% 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	155% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate (Most States)	Point to Point Annual	160% Participation
1-Year Barclays Atlas 5 PTP Participation Rate (Most States)	Point to Point Annual	150% Participation
1-Year S&P 500 PTP Cap (Most States)	Point to Point Annual	6.5% Cap
1-Year S&P 500 PTP Participation Rate (Most States)	Point to Point Annual	42% 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 Monthly Average Participation Rate (Most States)	Point to Point Annual Monthly average	75% Participation

Surrender schedule

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

Riders

Name	Inbuilt	Fee
Elevation Plus 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

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 5% 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