Teton 7
Silac Insurance Company
7.75%
Best Cap
5%
Free W/D
49
States
The Teton® Series is a fixed indexed annuity designed for long-term retirement savings that protects your principal while offering growth potential tied to market index performance. It's ideal for retirees seeking guaranteed income with flexibility and downside protection.
Free Withdrawal
5%/yr
Available In
49 states
Min Premium
$10,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Barclays Atlas 5 Index | Annual | -- | 170% | -- |
| Bloomberg Versa 10 Index | Annual | -- | 80% | -- |
| Nasdaq Generations 5 Index | Annual | -- | 165% | -- |
| S&P 500 Duo Swift Index (USD) ER | Annual | -- | 67% | -- |
| S&P 500 Index | Annual | 7.75% | 100% | -- |
| S&P 500 Index | Monthly | 2.65% | 100% | -- |
| S&P 500 RavenPack AI Index (USD) ER | Annual | -- | 100% | -- |
| Fixed Account | Daily | -- | -- | 4% |
Key Features
Annual Floor Protection
0% minimum guaranteedYour interest credit will never be less than 0% in any year, protecting you during market downturns
Interest Credit Lock-in
100% protection of earned interestOnce interest is credited to your account, it's locked in and cannot be lost due to future market changes
Free Withdrawals
5% annually (10% with Elevation riders)Access your money without penalties after the first year
Multiple Crediting Strategies
Flexible allocation optionsChoose from fixed interest or indexed strategies, with ability to reallocate annually for diversification
Withdrawal Charge Period Options
4 term options availableSelect from 5, 7, 10, or 14-year terms; longer periods offer higher interest crediting adjustments
Tax-Deferred Growth
Defer taxes on all gainsInterest earnings are not taxed until you withdraw funds, allowing your money to grow faster
Health-Related Withdrawal Benefits
Provided at no additional costAccess 100% of your account value without penalties if confined to nursing home or diagnosed with terminal illness
Death Benefit
100% account value transferYour beneficiary receives the full account value, avoiding probate delays
Spousal Continuation
Policy continues for surviving spouseYour spouse can continue the policy rather than cashing out after your death
Guaranteed Income Options
Lifetime income availableConvert your account to a guaranteed income stream payable monthly, quarterly, semi-annually, or annually for life
Highlights
100% principal protection with no direct market downside risk
Flexible crediting strategies combining fixed and indexed options with annual floor protection of 0%
Multiple liquidity options including 5% annual free withdrawals and optional enhanced withdrawal riders
Tax-deferred growth with guaranteed income options available for life
Optional Elevation riders providing premium bonuses and enhanced liquidity benefits
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
This product is best suited for retirees and near-retirees who want principal protection, predictable growth, and the ability to generate guaranteed lifetime income while maintaining some liquidity and market upside potential.
Consider Alternatives If
This product is not suitable for investors who need immediate access to large portions of their capital, as surrender charges apply to excessive withdrawals during the charge period.
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