Denali Bonus 7
Silac Insurance Company
6.75%
Best Cap
5%
Free W/D
49
States
The Denali Bonus Series is a fixed indexed annuity designed for long-term retirement accumulation that protects your principal from market losses while offering growth potential and access to your funds for life's unexpected expenses.
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 | -- | 160% | -- |
| Bloomberg Versa 10 Index | Annual | -- | 65% | -- |
| Nasdaq Generations 5 Index | Annual | -- | 162% | -- |
| S&P 500 Duo Swift Index (USD) ER | Annual | -- | 60% | -- |
| S&P 500 Index | Annual | 6.75% | 100% | -- |
| S&P 500 Index | Monthly | 2.25% | 100% | -- |
| S&P 500 RavenPack AI Index (USD) ER | Annual | -- | 100% | -- |
| Fixed Account | Daily | -- | -- | 3.75% |
Key Features
Principal Protection
0% annual minimumYour savings are 100% protected from market fluctuations with an annual floor of 0% on all crediting strategies.
Premium Bonus
3-5% base; up to 5% with Elevation PlusAn immediate bonus is added to your initial premium, giving you instant growth on your money.
Crediting Options
Multiple strategies availableChoose between fixed interest (declared annually) or indexed strategies tied to external market indexes.
Free Withdrawals
5% base; 10% with Elevation ridersAccess your money annually without penalties after the first year.
Withdrawal Charge Period
7, 10, or 14 yearsAvailable in 7-, 10-, and 14-year terms. Longer terms provide higher bonuses and interest rates.
Health-Related Withdrawals
100% for terminal illness/nursing home; 20% annually for home healthFull or partial penalty-free access if you enter a nursing home, face terminal illness, or need home health care.
Income Options
Monthly, quarterly, semi-annual, or annualConvert your annuity to guaranteed income payments on your schedule after the income waiting period.
Death Benefit
Full account valueYour beneficiaries receive the full account value, avoiding probate delays.
Spousal Continuation
Spouse option availableIf your spouse is a beneficiary, they can continue the policy instead of taking a lump sum.
Tax Deferral
Tax-deferred growthYour interest credits and bonuses grow tax-free until you withdraw, allowing more money to compound.
Highlights
100% principal protection with no direct downside market risk, even during market downturns
Immediate premium bonus plus choice of fixed or indexed interest crediting strategies
Multiple liquidity options including 5% free annual withdrawals, RMDs, and health-related benefits
Optional Elevation riders provide up to 10% free annual withdrawals with 30% cumulative carryover
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
This product is best suited for retirees or near-retirees who want principal protection, market-linked growth potential, liquidity for emergencies, and tax-deferred accumulation in a long-term vehicle.
Consider Alternatives If
This product is not suitable for investors who need immediate access to all their funds, those with short time horizons (less than 7 years), or those seeking maximum market upside without downside limits.
Carrier Ratings
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