Evolve 10
Silac Insurance Company
9.5%
Best Cap
5%
Free W/D
46
States
A fixed indexed annuity designed for retirees seeking guaranteed lifetime income and principal protection with growth potential tied to market indexes. Ideal for those wanting predictable retirement income without direct market risk.
Free Withdrawal
5%/yr
Available In
46 states
Min Premium
$10,000
Surrender
10 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 | -- | 100% | -- |
| S&P 500 Duo Swift Index (USD) ER | Annual | -- | 65% | -- |
| S&P 500 Index | Annual | 9.5% | 100% | -- |
| S&P 500 Index | Monthly | 3.25% | 100% | -- |
| S&P 500 RavenPack AI Index (USD) ER | Annual | -- | 100% | -- |
| Fixed Account | Daily | -- | -- | 4.75% |
Key Features
Lifetime Withdrawal Benefit
Automatic inclusion, 1.50% annual spreadGuaranteed income payments for life based on income value that increases annually; payments continue even if account value falls to zero
Principal Protection
0% floor guarantee100% protection from market downturns with a guaranteed annual floor of 0% interest minimum
Premium Bonus
Varies by product and termImmediate bonus added to your initial premium to increase starting account value
Flexible Crediting Strategies
Multiple index options availableChoose between fixed interest rate or indexed strategies tied to external market indexes; can split and reallocate annually
Free Annual Withdrawal
5% of account valueAccess up to 5% of account value annually without penalties after year one
Wellness Withdrawal
2x withdrawal amount, up to 5 yearsDouble your lifetime withdrawal amount for up to 5 years if you cannot perform 2 of 6 activities of daily living
Health-Triggered Access
100% access or 20% annually for 5 yearsFull account access without surrender charges if confined to nursing home (90+ days), diagnosed with terminal illness, or need home health care
Income Waiting Period Options
7-, 10-, or 14-year termsChoose withdrawal charge periods of 7, 10, or 14 years; longer terms mean higher interest crediting
Highlights
Principal protection with 0% annual floor—you never lose money even in down markets
Lifetime income guarantee that can't be outlived, even if account value reaches zero
Choose between fixed or indexed interest crediting strategies within the same annuity for built-in diversification
Automatic premium bonus added immediately plus tax-deferred growth
Health-triggered access to funds (nursing home, terminal illness, home health) without surrender charges
Surrender Schedule
Yr 1
12%
Yr 2
12%
Yr 3
11%
Yr 4
10%
Yr 5
9%
Yr 6
8%
Yr 7
7%
Yr 8
6%
Yr 9
4%
Yr 10
2%
After
0%
Home health care rider, Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Individuals age 50+ seeking guaranteed lifetime income in retirement, protection from market volatility, and the ability to access funds for health-related emergencies without penalties.
Consider Alternatives If
Those needing immediate full liquidity, investors seeking maximum market upside exposure, or those with short time horizons who may need to surrender the annuity before the charge period ends.
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