Evolve 14
Silac Insurance Company
9.75%
Best Cap
5%
Free W/D
31
States
SIC-EVOLVE-B is a fixed indexed annuity designed for long-term retirement savers who want principal protection, growth potential, and guaranteed lifetime income they can't outlive.
Free Withdrawal
5%/yr
Available In
31 states
Min Premium
$10,000
Surrender
14 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Barclays Atlas 5 Index | Annual | -- | 100% | -- |
| Bloomberg Versa 10 Index | Annual | -- | 77% | -- |
| Nasdaq Generations 5 Index | Annual | -- | 100% | -- |
| S&P 500 Duo Swift Index (USD) ER | Annual | -- | 65% | -- |
| S&P 500 Index | Annual | 9.75% | 100% | -- |
| S&P 500 Index | Monthly | 3.25% | 100% | -- |
| S&P 500 RavenPack AI Index (USD) ER | Annual | -- | 100% | -- |
| Fixed Account | Daily | -- | -- | 4% |
Key Features
Principal Protection
100% principal protectedYour savings are always protected from market fluctuations with no direct downside market risk
Annual Floor Protection
0% annual minimumNo matter how markets perform, you never earn less than 0% interest in any given year
Lifetime Withdrawal Benefit
Guaranteed for lifeGuaranteed income payments that last for your entire life, based on your income value
Crediting Strategy Choices
Multiple options availableSelect from fixed interest or multiple indexed strategies tied to external market indexes
Premium Bonus
Added at purchaseImmediate increase to your account value on top of your initial premium
Free Withdrawal
Up to 5% of account valueAnnual penalty-free withdrawal available after the first policy year
Wellness Withdrawal
Double the lifetime withdrawal amountIf you can't perform two of six Activities of Daily Living, receive higher withdrawals for up to 5 years
Tax Deferral
Tax-deferred growthGrowth compounds without annual tax liability until you access the funds
Highlights
Choose between fixed or indexed interest crediting strategies with guaranteed 0% annual floor protection
Automatic lifetime withdrawal benefit that can't be outlived, even if account value drops to zero
Higher interest credits compared to similar products with an annual spread that never exceeds your interest credit
Multiple health-related withdrawal benefits at no extra cost (nursing home, terminal illness, home health care)
Premium bonus immediately added to your initial investment
Surrender Schedule
Yr 1
14.75%
Yr 2
13.75%
Yr 3
12.75%
Yr 4
11.75%
Yr 5
10.75%
Yr 6
10%
Yr 7
9%
Yr 8
8%
Yr 9
7%
Yr 10
6%
Yr 11
5%
Yr 12
4%
Yr 13
3%
Yr 14
2%
After
0%
Home health care rider, Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Retirees and pre-retirees age 45-90 who want principal protection, growth potential, and guaranteed lifetime income with flexibility to access funds when needed.
Consider Alternatives If
Investors needing immediate access to all funds or those who cannot commit to a long-term holding period of 7-14 years without accepting surrender charges.
Carrier Ratings
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