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Vega 10 (Variation States)

The Vega 10 Annuity is your reliable, worry-free plan for retirement. It offers guaranteed income, so you'll always get a steady paycheck no matter what the future holds. It's like feeling the warm sun on your face during uncertain times.

You won't have to worry about the markets or make complicated decisions. Vega 10 does the work, so you can enjoy your golden years in peace. It's not just an annuity, it's peace of mind on your retirement journey.

Vega 10 (Variation States)

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About Product

Type

Fixed Index

Purpose

Lifetime Income

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:

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, and TSP

Launch Date

12/20/2021

Vega is one of the brightest stars and is a reliable point in an ever-changing night sky. The SILAC Vega Series is a comprehensive fixed index annuity focused on the accumulation of retirement benefits. The benefit value that automatically comes with all Vega FIAs offers multiple income options, growth, and an enhanced legacy benefit to navigate retirement.

Available in states: CO, DE, ID, IN, MD, MA, MO, NV, SC, and TX

Allocation Accounts

Name	Type	Rates
1-Year Barclays Atlas 5 Boost Spread	Boost Annual	0.25% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread	Boost Annual	0.25% Spread
1-Year Nasdaq Generations 5 Boost Spread	Boost Annual	0.25% Spread
1-Year Fixed Account	Fixed	2.25% Fixed
1-Year Fixed Account (TX Only)	Fixed	2.25% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	4.75% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	27% Participation
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	1.65% Cap
1-Year S&P 500 PTP Monthly Average Participation Rate	Point to Point Annual Monthly average	50% Participation
1-Year Barclays Atlas 5 PTP Participation Rate	Point to Point Annual	102% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate	Point to Point Annual	107% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate	Point to Point Annual	105% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate	Point to Point Annual	40% Participation

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

See if this annuity ranks in your top 3 for Ohio

Investment Amount

Riders

Name	Inbuilt	Fee
Vega 10 with Level Lifetime Withdrawal Benefit	Yes
Vega 10 with Increasing Lifetime Withdrawal Benefit	Yes

Waivers

Nursing Home

Nursing Home Benefit After the first policy year, you can withdraw up to 100% of your annuity’s account value if you become confined to a qualified care facility for at least 90 consecutive days and meet the eligibility requirements. There is a waiting period of 1 year after policy issue date, and you cannot be confined at the time the policy is issued.

Terminal Illness

Terminal Illness Benefit After the first policy year, you can withdraw up to 100% of your annuity’s account value if you are diagnosed with a terminal illness that results in a life expectancy of 12 months or less and you meet the eligibility requirements. Your terminal illness must be diagnosed after the policy is issued.

ADL

Home Health Benefit After the first policy year, you can withdraw up to 20% of your annuity’s account 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.

Maximum Premium

$1,000,000 (Larger amounts will be considered with Home Office approval)

Note: we take TSP as a rollover to IRA.

Withdrawal Provisions

Free WithdrawalsIn the 1st Policy Year, Required Minimum Distributions (RMD) 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. Rider Withdrawals There are two types of Rider Withdrawals that come with Vega: 1. Accelerated Withdrawals and 2. Lifetime WithdrawalsAccelerated Withdrawals are included with Vega automatically and provide withdrawals for a specified period of time. Accelerated Withdrawals are not available if Lifetime Withdrawals have been elected. After the tenth Policy Year, (7th if the 7-year withdrawal charge period is elected) and once you have reached age 50, you may elect to begin Accelerated Withdrawals. The Accelerated Withdrawal is equal to the Benefit Value divided by the Accelerated Withdrawal Payment Period which is 10 years. Accelerated Withdrawals stop once they've been received for 10 years or at death, whichever is earlier.

Company Founded: 1935

Average Rated Company

SILAC Insurance Company

Company Ratings

4.7