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Fixed Indexed Annuity

Vega 10

Silac Insurance Company

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5.5%

Best S&P 500 Annual Cap

10%

Free W/D

48

Jurisdictions

Product data status: June 28, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what Vega 10 would do for you

Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of June 28, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$236,881
Est. value at age 80 (Vega 10)
0%
Floor — index losses never reduce value
S&P 500 Index — 5.5% Cap (Annual)
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies Vega 10's published cap rate (5.5% on S&P 500 Index) to a hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of June 28, 2026.

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See how Vega 10 compares for your age, state, premium, and income goals alongside other Silac Insurance Company fixed indexed annuity options.

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Live rate data

Run live numbers for Vega 10

Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Silac Insurance Company product.

Live product data

Rates as of June 28, 2026, based on the latest AdvisorWorld scan of CANNEX data.

GLWB lifetime payout rate

6.67% lifetime payout

A 10-year-surrender fixed indexed annuity from SILAC Insurance Company (A.M. Best B+) with an optional Enhanced Benefit Rider in three flavors (Level GLWB, Accelerated GMWB, and Increasing GLWB), plus a mixed cap-and-participation index menu underneath.

AdvisorWorld + CANNEX data

Best fit

Buyers committing to a 10-year surrender who want lifetime income from a real, optional GLWB-style rider — the Enhanced Benefit Rider, filed in Level, Accelerated, and Increasing flavors — and are comfortable with a B+ A.M. Best carrier in exchange for the higher published rates SILAC tends to offer.

AM Best

B+ Good

Surrender period

10 years

Free withdrawal

10%/yr

Availability

48 jurisdictions

Featured crediting strategies

Featured rows use the selected state rate set. The full listing below labels the other CANNEX state-rate variants separately.

Index / strategyRate mechanics

S&P 500

S&P 500 Index

5.5% cap rate

Annual cap

1-year term · 10-year surrender · Premium band not shown

S&P 500

S&P 500 Index

monthly sum cap

2.25% cap rate

Monthly sum

1-year term · 10-year surrender · Premium band not shown

S&P 500

S&P 500 Index

32% participation rate

Participation

1-year term · 10-year surrender · Premium band not shown

S&P 500

S&P 500 Duo Swift Index (USD) ER

52% participation rate

Participation

1-year term · 10-year surrender · Premium band not shown

S&P 500

S&P 500 Index

monthly avg participation

60% participation rate

Participation

1-year term · 10-year surrender · Premium band not shown

S&P 500

S&P 500 RavenPack AI Index (USD) ER

140% participation rate

Participation

1-year term · 10-year surrender · Premium band not shown

S&P 500

S&P 500 RavenPack AI Index (USD) ER

100% participation rate

Participation

1-year term · 10-year surrender · Premium band not shown

Fixed Account

Fixed Account

3.1% declared rate

Fixed account

1-year term · 10-year surrender · Premium band not shown

+ 5 additional crediting options (Barclays Atlas, Nasdaq Generations, Bloomberg Versa...)

Lifetime Income Riders

Income rider

Enhanced Benefit Rider - Accelerated

Lifetime payout rate6.67% lifetime payout

Income rider

Enhanced Benefit Rider -

Lifetime payout rate4.1% lifetime payout
Interest multiplier2.75x interest multiplier

Income rider

Enhanced Benefit Rider - Increasing

Lifetime payout rate3.6% lifetime payout
Interest multiplier2.75x interest multiplier

Product analyst notes

How to think about this contract

Why it can stand out

  • Lifetime income comes via the optional Enhanced Benefit Rider, filed in three flavors — Level (GLWB, level lifetime withdrawals), Accelerated (GMWB, higher-rate withdrawals over a defined period), and Increasing (GLWB with stepped-up withdrawals over time). Buyers can pick the rider mechanism that matches their deferral horizon and income-shape preference.
  • Crediting menu pairs a recognizable S&P 500 annual point-to-point cap with multiple participation-rate strategies on proprietary indexes (Barclays Atlas 5, Bloomberg Versa 10, Nasdaq Generations 5, S&P 500 Duo Swift, S&P 500 RavenPack AI), so buyers can hold a like-for-like S&P comparison option alongside higher-participation volatility-controlled alternatives in the same contract.
  • Free-withdrawal allowance, the full surrender ladder, MVA flag, and surrender waivers are all visible on this page rather than buried in a brochure.

What to confirm

  • The Enhanced Benefit Rider is optional, not built into the chassis — buyers who do not elect it at issue get an accumulation-only contract. The rider's withdrawal rate also depends on issue age, deferral years, and which of the three rider flavors is selected; the headline number on this page is the highest comparable lifetime withdrawal rate, not necessarily the rate any given buyer will receive.
  • Most of the strategy menu sits in proprietary, volatility-controlled indexes — Barclays Atlas 5, Bloomberg Versa 10, Nasdaq Generations 5, S&P 500 Duo Swift, and S&P 500 RavenPack AI. Their participation rates can look high in absolute terms but are not directly comparable to an S&P 500 cap — evaluate each strategy on its own merits and its own back-tested behavior.
  • Surrender period runs a full 10 years and the first-year charge is meaningful, with an MVA that can move the actual amount received up or down with interest rates on surrenders above the free-withdrawal allowance. This contract assumes the buyer can leave principal locked for the duration of the schedule.
  • SILAC Insurance Company carries an A.M. Best rating of B+ (good), which is a notch below the A-/A range many large competitors hold. Buyers prioritizing top-tier carrier financial-strength should weigh the rating against the rate competitiveness — SILAC tends to publish unusually high caps and participation rates that compensate for the rating gap.

Not ideal for

Buyers who need short-surrender liquidity, want a built-in Protected Income Value chassis with no rider election (this contract requires electing the Enhanced Benefit Rider for the lifetime-income story), prefer a top-tier A-rated or A+-rated carrier, or want a plain MYGA-style declared-rate guarantee — none of those are what this contract is structured to deliver.

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See how Vega 10 compares for your age, state, premium, and income goals alongside other Silac Insurance Company fixed indexed annuity options.

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All crediting strategies

View rate listings (39 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, state rate set, or rate type.

Par: 140% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

participation

10-yr surrender

Par: 135% · 1-yr

Nasdaq Generations 5 Index

participation

10-yr surrender

Par: 130% · 1-yr

Barclays Atlas 5 Index

participation

10-yr surrender

Par: 100% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

participation

10-yr surrender

Par: 100% · 1-yr

Nasdaq Generations 5 Index

participation

10-yr surrender

Par: 95% · 1-yr

Barclays Atlas 5 Index

participation

10-yr surrender

Par: 62% · 1-yr

Bloomberg Versa 10 Index

participation

10-yr surrender

Par: 60% · 1-yr

S&P 500 Index

monthly_avg_participation

10-yr surrender

Par: 52% · 1-yr

S&P 500 Duo Swift Index (USD) ER

participation

10-yr surrender

Par: 32% · 1-yr

S&P 500 Index

participation

10-yr surrender

Cap: 5.5% · 1-yr

S&P 500 Index

cap

10-yr surrender

Fixed: 3.1% · 1-yr

Fixed Account

fixed

10-yr surrender

Cap: 2.25% · 1-yr

S&P 500 Index

monthly_sum_cap

10-yr surrender

Par: 95% + Spread: 25% · 1-yr

Barclays Atlas 5 Index

PP

Par: 150% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

PP

Other state rate set 1041

Par: 145% · 1-yr

Nasdaq Generations 5 Index

PP

Other state rate set 1041

Par: 140% · 1-yr

Barclays Atlas 5 Index

PP

Other state rate set 1041

Par: 100% · 1-yr

Barclays Atlas 5 Index

PP

Other state rate set 1041

Par: 100% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

PP

Other state rate set 1041

Par: 100% · 1-yr

Nasdaq Generations 5 Index

PP

Other state rate set 1041

Par: 67% · 1-yr

Bloomberg Versa 10 Index

PP

Other state rate set 1041

Par: 65% · 1-yr

S&P 500 Index

AV

Other state rate set 1041

Par: 55% · 1-yr

S&P 500 Duo Swift Index (USD) ER

PP

Other state rate set 1041

Par: 37% · 1-yr

S&P 500 Index

PP

Other state rate set 1041

Cap: 5.75% · 1-yr

S&P 500 Index

PP

Other state rate set 1041

Fixed: 3.25% · 1-yr

Fixed Account

FX

Other state rate set 1041

Cap: 2.5% · 1-yr

S&P 500 Index

SU

Other state rate set 1041

Par: 140% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

PP

Other state rate set 1115

Par: 135% · 1-yr

Nasdaq Generations 5 Index

PP

Other state rate set 1115

Par: 130% · 1-yr

Barclays Atlas 5 Index

PP

Other state rate set 1115

Par: 100% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

PP

Other state rate set 1115

Par: 100% · 1-yr

Nasdaq Generations 5 Index

PP

Other state rate set 1115

Par: 62% · 1-yr

Bloomberg Versa 10 Index

PP

Other state rate set 1115

Par: 60% · 1-yr

S&P 500 Index

AV

Other state rate set 1115

Par: 52% · 1-yr

S&P 500 Duo Swift Index (USD) ER

PP

Other state rate set 1115

Par: 32% · 1-yr

S&P 500 Index

PP

Other state rate set 1115

Cap: 5.5% · 1-yr

S&P 500 Index

PP

Other state rate set 1115

Fixed: 3.1% · 1-yr

Fixed Account

FX

Other state rate set 1115

Cap: 2.25% · 1-yr

S&P 500 Index

SU

Other state rate set 1115

Income riders

Income rider

Enhanced Benefit Rider - Accelerated

Lifetime withdrawal rate6.67%
Annual rider feeNot shown
Withdrawal-base growthNot shown

GMWB

Income rider

Enhanced Benefit Rider - Increasing

Lifetime withdrawal rate3.6%
Annual rider feeNot shown
Withdrawal-base growth2.75× multiplier

GLWB

Income rider

Enhanced Benefit Rider - Level

Lifetime withdrawal rate4.1%
Annual rider feeNot shown
Withdrawal-base growth2.75× multiplier

GLWB

Linked review

Vega 10 review notes

Discover the SILAC Vega Fixed Indexed Annuity, designed for growth potential, principal protection, and flexible retirement planning.

3/5Read review
Review rating details3/5
Financial strength2/5
Return potential4/5
Income and benefits3/5
Free benefits, liquidity, and costs3/5
Transparency and service3/5

CFA take

“Offers a balanced mix of legacy planning and flexibility, supported by enhanced withdrawal features and optional benefits that strengthen death benefit outcomes while preserving access to funds when needed. However, product complexity and a relatively lower default liquidity during the withdrawal-charge period, along with only moderate insurer credit strength, may limit its appeal relative to simpler or more competitively structured alternatives.”

Nikhil Bhauwala

Common questions about Vega 10

● Can I lose money in Vega 10?

A negative index return by itself does not reduce the contract's account value: Vega 10 credits 0% — the floor — for that indexed period. The account value can still decrease from applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● Is the Enhanced Benefit Rider - Accelerated income rider worth it?

It depends on whether you will use the guaranteed income. If you are accumulating only, you can skip it. If you want guaranteed lifetime income later, the 6.67% withdrawal rate can make it worthwhile — model it in the Income tab of the analyzer above.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The surrender period runs 10 years; after that you reach full liquidity. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do Vega 10's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another current Vega 10 strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

4

Home health care rider, Nursing home waiver, RMD waiver, Terminal illness waiver

Death benefit

Account Value DB

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Cap-rate floor

1.50%

Minimum guaranteed cap for cap-based indexed strategies.

Fixed account guarantee

2.50%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

15.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Maximum spread

1.75%

Maximum spread: 1.75%

Annuitization options

Single and joint

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

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%

Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers

Documents

brochure

Vega 10.pdf

Confidence: highReviewed Apr 15, 2026

Direct link not published — request the document from the carrier.

brochure

Vega Brochure-2.pdf

Confidence: highReviewed Apr 8, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestB+

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Vega 10 currently shows 34 distinct indexed or fixed crediting choices across 39 current rate listings, including S&P 500 Index, with 14 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 5.5% annual cap
  • S&P 500 Index: 2.25% monthly cap
  • S&P 500 Index: 5.75% annual point-to-point cap
  • S&P 500 Index: 2.5% monthly cap

Income rider language

What to look for before treating the rider as income

Enhanced Benefit Rider - Level is the main income-rider entry returned for this product. Rider terms can affect the tradeoff between future lifetime withdrawals, contract value, beneficiary value, and cost, so the exact state version and rider election should be confirmed before comparing it to annuitization or income-only contracts.

  • 4.1% withdrawal rate

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 10 surrender years
  • Nursing home waiver
  • RMD waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as Vega 10.pdf and Vega Brochure-2.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

Free Comparison Report

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See how Vega 10 compares for your age, state, premium, and income goals alongside other Silac Insurance Company fixed indexed annuity options.

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