Evolve Bonus 10
Silac Insurance Company
6.75%
Best Cap
5%
Free W/D
45
States
The Evolve Bonus Series is a fixed indexed annuity that combines guaranteed income protection with growth potential through market-indexed strategies. It's designed for retirees who want principal protection, tax deferral, and a dependable lifetime income stream they can't outlive.
Free Withdrawal
5%/yr
Available In
45 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 | -- | 62% | -- |
| Nasdaq Generations 5 Index | Annual | -- | 100% | -- |
| S&P 500 Duo Swift Index (USD) ER | Annual | -- | 50% | -- |
| 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 | -- | 150% | -- |
| Fixed Account | Daily | -- | -- | 2.5% |
Key Features
Premium Bonus
Varies by term length; higher for longer commitment periodsImmediate bonus added to your initial premium at purchase, increasing your starting account value
Annual Floor Protection
0% minimum annual interest creditYou will never earn less than 0% interest in any year, protecting you from market downturns
Interest Lock-In
100% of credited interest is protectedOnce interest is credited to your account, it is locked in permanently and cannot be lost to future market declines
Lifetime Withdrawals
Guaranteed for life regardless of account performanceGuaranteed income for life based on your income value, with two options: level withdrawals or increasing withdrawals
Wellness Withdrawal
2x normal withdrawal for up to 5 yearsDouble your normal withdrawal amount for up to five years if you cannot perform two of six activities of daily living
Free Withdrawals
5% of account value per year, penalty-freeAccess up to 5% of your account value annually without withdrawal charges or penalties after the first year
Health Benefit Riders
Up to 100% of account value in qualifying situationsPenalty-free access to funds if you enter a nursing home (100%), receive terminal illness diagnosis (100%), or need home health care (20% annually for 5 years)
Death Benefit
Full account value plus spousal continuation optionYour beneficiaries receive the full account value, bypassing probate and allowing spousal continuation of the policy
Tax Deferral
All interest credits and bonuses grow tax-deferredGrowth is not taxed until you withdraw funds, allowing your money to compound more efficiently
Principal Protection
100% principal protectionYour savings are fully protected from market fluctuations with no direct downside market risk
Highlights
Immediate 10% premium bonus added to your initial investment, giving you instant growth
Choose between fixed guaranteed rates or indexed strategies tied to market performance—both with 0% annual floor protection
Lifetime income withdrawals guaranteed for life, even if your account value drops to zero
Tax-deferred growth with multiple liquidity options and no direct market risk to your principal
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
Retirees and pre-retirees who prioritize guaranteed lifetime income and principal protection over maximum growth, and who plan to hold the annuity long-term.
Consider Alternatives If
Investors who need frequent access to their full account value, those with short time horizons, or people who cannot afford to commit funds for 7-14 years without penalties.
Carrier Ratings
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