Evolve Bonus 14
Silac Insurance Company
7%
Best Cap
5%
Free W/D
30
States
SILAC Evolve Bonus is a modified single premium fixed indexed annuity designed for retirees who want guaranteed lifetime income, principal protection, and upside growth potential with flexibility.
Free Withdrawal
5%/yr
Available In
30 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 | -- | 67% | -- |
| Nasdaq Generations 5 Index | Annual | -- | 100% | -- |
| S&P 500 Duo Swift Index (USD) ER | Annual | -- | 55% | -- |
| S&P 500 Index | Annual | 7% | 100% | -- |
| S&P 500 Index | Monthly | 2.25% | 100% | -- |
| S&P 500 RavenPack AI Index (USD) ER | Annual | -- | 100% | -- |
| Fixed Account | Daily | -- | -- | 3.5% |
Key Features
Premium Bonus
10% of premium (varies by withdrawal charge period)Additional funds immediately added to your account on top of your initial investment
Lifetime Withdrawals
Guaranteed for life regardless of account performanceGuaranteed income payments that last your entire life, with options to increase over time or remain level
Principal Protection
0% annual floor on indexed strategiesYour money is protected from market declines with an annual floor of 0% minimum interest
Free Withdrawals
5% per year after first policy yearAccess up to 5% of account value annually without surrender charges after year one
Multiple Crediting Strategies
Multiple options available; annual reallocations allowedChoose between fixed interest rates or indexed strategies tied to external market indexes
Wellness Withdrawals
Double the lifetime withdrawal amount for up to 5 yearsHigher withdrawal amounts available if you cannot perform two of six activities of daily living
Health Benefit Riders
No withdrawal charges or penalties applyPenalty-free withdrawals for nursing home care (100%), terminal illness (100%), or home health care (20% annually for 5 years)
Spousal Continuation
Full policy continuation available to spouseYour spouse can continue the policy and maintain all benefits if they are owner or beneficiary
Full Death Benefit
100% of account value to beneficiariesBeneficiaries receive the full account value, avoiding probate delays
Tax Deferral
Tax-deferred accumulation phaseDefer taxes on growth until you withdraw funds from your annuity
Highlights
Immediate 10% premium bonus added to your initial investment with no additional cost
Guaranteed lifetime income you cannot outlive, even if account value reaches zero
100% principal protection with zero downside market risk while maintaining growth potential
Flexibility to choose between fixed interest rates or indexed crediting strategies with annual floor protection
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 who want guaranteed lifetime income, principal protection from market losses, and the ability to leave a legacy while maintaining some growth potential.
Consider Alternatives If
Investors who need immediate access to all funds without penalties, or those with short time horizons who cannot commit to a 7-14 year surrender period.
Carrier Ratings
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