Denali 7
Silac Insurance Company
8.5%
Best Cap
5%
Free W/D
49
States
The Denali Series is a fixed indexed annuity designed for long-term retirement savings that protects your principal from market losses while offering growth potential and flexible access to your funds.
Free Withdrawal
5%/yr
Available In
49 states
Min Premium
$10,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Barclays Atlas 5 Index | Annual | -- | 100% | -- |
| Bloomberg Versa 10 Index | Annual | -- | 80% | -- |
| Nasdaq Generations 5 Index | Annual | -- | 165% | -- |
| S&P 500 Duo Swift Index (USD) ER | Annual | -- | 65% | -- |
| S&P 500 Index | Annual | 8.5% | 100% | -- |
| S&P 500 Index | Monthly | 2.75% | 100% | -- |
| S&P 500 RavenPack AI Index (USD) ER | Annual | -- | 190% | -- |
| Fixed Account | Daily | -- | -- | 4% |
Key Features
Annual Floor Protection
0% minimum annual creditYour interest credit will never be less than 0%, regardless of market performance
Interest Lock-In
Permanent once creditedOnce interest is credited to your account, it cannot be lost due to future market declines
Free Withdrawals (Base Denali)
5% per yearWithdraw up to 5% of account value annually without surrender charges after year 1
Free Withdrawals (with Elevation)
10% per year, 30% cumulativeWithdraw 10% annually, with unused amounts carrying over up to a 30% cumulative maximum
Withdrawal Charge Terms
7, 10, or 14 yearsChoose between 7, 10, or 14-year terms; longer terms provide higher interest credits
Crediting Strategies
Multiple options availableSelect fixed interest (declared annually) or indexed strategies tied to external market indexes
Required Minimum Distributions
Unlimited, no chargesRMDs are treated as free withdrawals and can exceed the standard free withdrawal percentage
Health-Related Benefits
Up to 20-100% depending on benefitNursing home, terminal illness, and home health care benefits allow penalty-free withdrawals
Death Benefit
100% of account valueBeneficiaries receive the full account value, avoiding probate delays
Spousal Continuation
Available option at deathSpouse can continue the policy as owner/beneficiary rather than taking a lump sum
Income Options
Multiple payout frequenciesConvert to guaranteed income payments at any frequency (monthly, quarterly, semi-annual, annual)
Tax-Deferred Growth
Tax-deferred until withdrawalEarnings are not taxed until withdrawn, allowing more money to compound over time
Premium Bonus (Elevation Plus only)
Varies by product termsAdditional bonus percentage added to your initial premium at no extra cost
Highlights
Principal protection with 0% annual floor—you never lose money to market downturns
Multiple withdrawal options including 5% free withdrawals and cumulative withdrawal carryover up to 30%
Choice of fixed interest or indexed crediting strategies with interest lock-in once credited
Optional Elevation riders provide enhanced liquidity (10% free withdrawals) and premium bonuses
Automatic death benefit and spousal continuation options for wealth transfer
Surrender Schedule
Yr 1
10%
Yr 2
9%
Yr 3
8%
Yr 4
7%
Yr 5
6%
Yr 6
5%
Yr 7
4%
After
0%
Home health care rider, Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Individuals seeking long-term retirement savings who want principal protection from market downturns, tax-deferred growth, and the flexibility to access funds for life's unexpected events.
Consider Alternatives If
Anyone needing immediate access to their full account value without penalty, or those seeking aggressive market growth with no downside protection limitations.
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