Vega 10
Silac Insurance Company
4.75%
Best Cap
5%
Free W/D
48
States
The Silac Vega is a fixed indexed annuity designed for long-term retirement savings that combines principal protection, growth potential tied to market indexes, and guaranteed lifetime income options. It's ideal for people who want market upside without downside risk and need reliable retirement income they can't outlive.
Free Withdrawal
5%/yr
Available In
48 states
Min Premium
$10,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Barclays Atlas 5 Index | Annual | -- | 110% | -- |
| Bloomberg Versa 10 Index | Annual | -- | 45% | -- |
| Nasdaq Generations 5 Index | Annual | -- | 100% | -- |
| S&P 500 Duo Swift Index (USD) ER | Annual | -- | 37% | -- |
| S&P 500 Index | Annual | 4.75% | 100% | -- |
| S&P 500 Index | Monthly | 1.75% | 100% | -- |
| S&P 500 RavenPack AI Index (USD) ER | Annual | -- | 120% | -- |
| Fixed Account | Daily | -- | -- | 2.25% |
Key Features
Principal Protection
100% principal protectedYour account value is protected from market losses with a 0% annual floor, meaning you earn at least 0% each year regardless of market performance.
Flexible Crediting Strategies
Multiple fixed and indexed optionsChoose between fixed interest rates or indexed interest tied to market index performance, with the ability to reallocate annually.
Lifetime Withdrawal Benefit
Automatic inclusion, no feeGuaranteed income for life that you cannot outlive, available in increasing (adjusts with interest credits) or level (fixed amount) versions.
Accelerated Withdrawals
First of its kind in the industryUnique feature allowing you to receive your entire benefit value over a specified period of time rather than over your lifetime.
Wellness Withdrawals
Automatic, no additional costIf you cannot perform two of six Activities of Daily Living, you can receive double your lifetime withdrawal amount for up to five years.
Death Benefit
Automatic inclusionYour beneficiaries receive either your full account value as a lump sum or your benefit value paid over five years, avoiding probate.
Tax-Deferred Growth
Tax deferralInterest credits are not taxed until you withdraw funds, allowing your savings to compound without annual tax drag.
Free Withdrawals
5% annual free withdrawalAfter the first policy year, withdraw up to 5% of your account value penalty-free each year. Required minimum distributions are also free.
Health Riders
Included at no costNursing home, terminal illness, and home health care benefits allow penalty-free withdrawals if specific health conditions are met.
Multiple Product Terms
3 term lengthsChoose 7-year, 10-year, or 14-year withdrawal charge periods depending on your retirement timeline and income needs.
Highlights
Principal protection with 0% annual floor—your money never loses value due to market downturns
Lifetime income guarantee that can't be outlived, with optional increases tied to interest credits
Unique accelerated withdrawal benefit lets you access your benefit value over a set period instead of lifetime
Enhanced death benefit and wellness withdrawals for long-term care needs built in at no extra cost
Tax-deferred growth with multiple crediting strategies to match your risk tolerance
Surrender Schedule
Yr 1
10%
Yr 2
9%
Yr 3
8%
Yr 4
7%
Yr 5
6%
Yr 6
5%
Yr 7
4%
Yr 8
3%
Yr 9
2%
Yr 10
1%
After
0%
Home health care rider, Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
People 50+ looking to accumulate retirement savings over 7-14 years with principal protection and guaranteed lifetime income, especially those concerned about market risk, longevity, or unexpected health expenses.
Consider Alternatives If
Investors who need immediate access to their full account value without penalties or those seeking high growth with direct stock market exposure should consider other products.
Carrier Ratings
Free Comparison Report
Get a personalized Vega 10 illustration
See year-by-year projections for your specific age, premium, and income goals.