Evolve Bonus 7
Silac Insurance Company
6.25%
Best Cap
5%
Free W/D
45
States
A modified single premium fixed indexed annuity that combines guaranteed lifetime income with growth potential, designed for retirees who want principal protection, immediate bonus crediting, and income they can't outlive.
Free Withdrawal
5%/yr
Available In
45 states
Min Premium
$10,000
Surrender
7 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 | 6.25% | 100% | -- |
| S&P 500 Index | Monthly | 2.25% | 100% | -- |
| S&P 500 RavenPack AI Index (USD) ER | Annual | -- | 145% | -- |
| Fixed Account | Daily | -- | -- | 2.5% |
Key Features
Premium Bonus
Up to 10% depending on term selectedImmediate bonus added to your premium at issue, increasing your account value right away
Growth Options
Multiple crediting strategies availableFlexibility to allocate funds to fixed interest strategies or indexed strategies tied to market indexes
Annual Floor Protection
0% floor on indexed strategiesGuaranteed minimum interest credit of 0% annually, protecting you from market losses
Lifetime Withdrawals
Level or Increasing options availableIncome based on an Income Value that grows with credits; guaranteed for life regardless of market or account value
Wellness Withdrawals
Double the normal withdrawal for up to 5 yearsAccess higher withdrawal amounts if you cannot perform 2 of 6 Activities of Daily Living
Free Withdrawals
5% of account value per yearAnnual penalty-free withdrawal available after year one
Health-Triggered Benefits
100% or 20% annually depending on benefitNo-charge full withdrawals if you enter nursing home care, receive terminal illness diagnosis, or need home health services
Tax Deferral
Tax-deferred accumulationGrow your savings without annual tax reporting until you withdraw funds
Term Options
7-year, 10-year, or 14-year optionsChoose the withdrawal charge period that fits your timeline; longer terms offer higher bonuses and rates
Death Benefit
100% of account valueFull account value passes to beneficiaries outside probate; spouse can continue the policy
Highlights
Immediate premium bonus (up to 10%) added to your initial investment right away
Choose between fixed guaranteed rates or indexed growth tied to market performance, both with 0% annual floor protection
Lifetime income guarantee that you can't outlive, even if your account value drops to zero
Multiple health-triggered withdrawal benefits (nursing home, terminal illness, home health care) with no additional cost
Full account value passes to beneficiaries, bypassing probate
Surrender Schedule
Yr 1
12%
Yr 2
12%
Yr 3
11%
Yr 4
10%
Yr 5
9%
Yr 6
7%
Yr 7
4%
After
0%
Home health care rider, Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Retirees age 50+ who want guaranteed lifetime income, principal protection, growth potential, and peace of mind that they won't outlive their money.
Consider Alternatives If
Those who need immediate access to all their funds without penalties, or investors seeking aggressive market exposure without downside protection.
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