Fixed Indexed Annuity

Teton Bonus 7

Silac Insurance Company

6%

Best Cap

5%

Free W/D

49

States

The Teton® Bonus is a fixed indexed annuity that combines guaranteed growth potential with market-linked upside and principal protection. It's designed for retirees who want tax-deferred savings with flexibility to access their money when they need it.

Free Withdrawal

5%/yr

Available In

49 states

Min Premium

$10,000

Surrender

7 years

Current Rates & Strategies

IndexCreditingCapParticipationFixed
Barclays Atlas 5 IndexAnnual--135%--
Bloomberg Versa 10 IndexAnnual--62%--
Nasdaq Generations 5 IndexAnnual--130%--
S&P 500 Duo Swift Index (USD) ERAnnual--55%--
S&P 500 IndexAnnual6%100%--
S&P 500 IndexMonthly2.15%100%--
S&P 500 RavenPack AI Index (USD) ERAnnual--100%--
Fixed AccountDaily----2.5%

Key Features

Premium Bonus

3-5%

An immediate bonus credited to your account at purchase, ranging from 3-5% depending on your withdrawal charge period selection

Principal Protection

100%

Your savings are guaranteed never to decline due to market performance; you're protected from downside risk

Annual Floor

0% minimum

No matter what the underlying index does, you'll never earn less than 0% interest in any year

Interest Lock-In

Permanent credit

Once interest is credited to your account, it's locked in permanently and cannot be lost to future market declines

Free Withdrawals

5-10% annually

Access a percentage of your account value penalty-free each year after year one; higher percentage with Elevation riders

Withdrawal Charge Periods

5, 7, 10, or 14 years

Choose 5, 7, 10, or 14-year commitment periods; longer periods offer higher bonuses and better interest rates

Income Options

Monthly to annual

Convert your annuity to guaranteed lifetime income payments on a schedule you choose

Health-Based Benefits

Up to 100% access

Penalty-free withdrawals if you enter a nursing home, face a terminal illness, or need home health care

Tax Deferral

Tax-deferred growth

Avoid annual taxes on growth until you withdraw your money, allowing more compounding

Death Benefit

Full account value

Your beneficiary receives the full account value, avoiding probate; spouse can continue the policy

Highlights

1

Immediate premium bonus (3-5%) added to your purchase, giving you instant growth

2

100% principal protection with no direct market risk, even during downturns

3

Choice of fixed or indexed crediting strategies with 0% annual floor protection

4

Flexible access to your money with 5%, 10%, or cumulative free withdrawals depending on your plan

5

Optional Elevation riders add even more liquidity and bonus 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

Individuals aged 0-90 seeking tax-deferred retirement savings who want principal protection, market upside potential, and flexible access to their money without stock market risk.

Consider Alternatives If

Investors who need immediate, unrestricted access to all their funds or those seeking pure stock market exposure with unlimited upside.

Carrier Ratings

A.M. BestB+

Free Comparison Report

Get a personalized Teton Bonus 7 illustration

See year-by-year projections for your specific age, premium, and income goals.

Silac Insurance Company Discussions

Join the conversation

From the AdvisorWorld.com Community

Related Resources