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Fixed Indexed Annuity

Vega 14

Silac Insurance Company

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5.5%

Best S&P 500 Annual Cap

10%

Free W/D

32

Available jurisdictions

Product data status: August 6, 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 14 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 August 6, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$236,881
Est. value at age 80 (Vega 14)
5.5%
Best S&P 500 1-yr point-to-point cap
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 14's published cap rate (5.5% on S&P 500 Index) to a standard benchmark 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 August 6, 2026.

Free Comparison Report

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See how Vega 14 compares for your age, state, premium, and income goals alongside other Silac Insurance Company fixed indexed annuity options.

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rate data

Run numbers for Vega 14

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

Live product data

Rates as of August 6, 2026, from AdvisorWorld and CANNEX.

Current crediting strategy detail

5.5% cap on S&P 500

SILAC Vega 14 is currently shown as an FIA with live crediting and contract facts available, but current live data does not include published lifetime-income rider details for an age-60, year-10 comparison; treat those specifics as unavailable until the carrier publishes them.

1-year term14-year surrenderDoes not vary by premiumAdvisorWorld + CANNEX data

Best fit

Buyers and advisors comparing SILAC Vega 14's live crediting menu, surrender structure, ratings, and state availability while treating income-rider specifics as unavailable unless a carrier illustration or source-backed CANNEX rider response supplies them.

AM Best

B+ Good

Surrender period

14 years

Free withdrawal

10%/yr

Availability

32 jurisdictions (restricted footprint)

Featured crediting strategies

Featured strategies use the selected state's rates. The full listing below labels 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 · 14-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

monthly sum cap

2.25% cap rate

Monthly sum

1-year term · 14-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

32% participation rate

Participation

1-year term · 14-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

monthly avg participation

60% participation rate

Participation

1-year term · 14-year surrender · Does not vary by premium

Fixed Account

Fixed Account

3% declared rate

Fixed account

1-year term · 14-year surrender · Does not vary by premium

+ 8 additional crediting options (S&P 500, Barclays Atlas, Nasdaq Generations...)

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 multiplier3x interest multiplier

Income rider

Enhanced Benefit Rider - Increasing

Lifetime payout rate3.6% lifetime payout
Interest multiplier3x interest multiplier

Product analyst notes

How to think about this contract

Why it can stand out

  • Current live data includes strategy, surrender, ratings, and availability details for this contract, but not published lifetime-income rider terms for an age-60, year-10 comparison.
  • Use the live crediting menu and contract facts on this page for comparison until CANNEX publishes rider-level income mechanics for this product.
  • If CANNEX later publishes rider-level terms, those details can support a direct lifetime-income comparison without relying on brochure assumptions.

What to confirm

  • Do not quote a GLWB/PIV payout rate, income-base growth rate, equivalent income base, or rider-fee comparison from this page while those lifetime-income rider details remain unavailable in the live data.
  • For any lifetime-income recommendation, request a carrier illustration or CANNEX comparison that includes the exact rider terms.
  • Crediting rates, strategy availability, surrender terms, and state availability can vary by filing, premium, age, and state; confirm the current terms for the buyer's situation.

Not ideal for

Buyers who need a quoted GLWB/PIV payout rate, income-base growth methodology, or rider-fee comparison directly from this page; ask for a carrier illustration because those published details are not currently available.

Free Comparison Report

Get a Vega 14 rate report

See how Vega 14 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 strategies)

These are the current crediting strategies available 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

14-yr surrenderDoes not vary by premium

Par: 135% · 1-yr

Nasdaq Generations 5 Index

participation

14-yr surrenderDoes not vary by premium

Par: 130% · 1-yr

Barclays Atlas 5 Index

participation

14-yr surrenderDoes not vary by premium

Par: 100% · 1-yr

Barclays Atlas 5 Index

participation

14-yr surrenderDoes not vary by premium

Par: 100% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

participation

14-yr surrenderDoes not vary by premium

Par: 100% · 1-yr

Nasdaq Generations 5 Index

participation

14-yr surrenderDoes not vary by premium

Par: 62% · 1-yr

Bloomberg Versa 10 Index

participation

14-yr surrenderDoes not vary by premium

Par: 60% · 1-yr

S&P 500 Index

monthly_avg_participation

14-yr surrenderDoes not vary by premium

Par: 52% · 1-yr

S&P 500 Duo Swift Index (USD) ER

participation

14-yr surrenderDoes not vary by premium

Par: 32% · 1-yr

S&P 500 Index

participation

14-yr surrenderDoes not vary by premium

Cap: 5.5% · 1-yr

S&P 500 Index

cap

14-yr surrenderDoes not vary by premium

Fixed: 3% · 1-yr

Fixed Account

fixed

14-yr surrenderDoes not vary by premium

Cap: 2.25% · 1-yr

S&P 500 Index

monthly_sum_cap

14-yr surrenderDoes not vary by premium

Par: 100% + Spread: 0.25% · 1-yr

Barclays Atlas 5 Index

Point-to-point

Does not vary by premium

Par: 100% + Spread: 0.25% · 1-yr

Nasdaq Generations 5 Index

Point-to-point

Does not vary by premium

Par: 135% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

Point-to-point

Other state rate set 1197Does not vary by premium

Par: 130% · 1-yr

Nasdaq Generations 5 Index

Point-to-point

Other state rate set 1197Does not vary by premium

Par: 125% · 1-yr

Barclays Atlas 5 Index

Point-to-point

Other state rate set 1197Does not vary by premium

Par: 100% · 1-yr

Barclays Atlas 5 Index

Point-to-point

Other state rate set 1197Does not vary by premium

Par: 100% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

Point-to-point

Other state rate set 1197Does not vary by premium

Par: 100% · 1-yr

Nasdaq Generations 5 Index

Point-to-point

Other state rate set 1197Does not vary by premium

Par: 62% · 1-yr

Bloomberg Versa 10 Index

Point-to-point

Other state rate set 1197Does not vary by premium

Par: 57% · 1-yr

S&P 500 Index

AV

Other state rate set 1197Does not vary by premium

Par: 50% · 1-yr

S&P 500 Duo Swift Index (USD) ER

Point-to-point

Other state rate set 1197Does not vary by premium

Par: 32% · 1-yr

S&P 500 Index

Point-to-point

Other state rate set 1197Does not vary by premium

Cap: 5.25% · 1-yr

S&P 500 Index

Point-to-point

Other state rate set 1197Does not vary by premium

Fixed: 2.75% · 1-yr

Fixed Account

Fixed account

Other state rate set 1197Does not vary by premium

Cap: 2.25% · 1-yr

S&P 500 Index

Monthly sum

Other state rate set 1197Does not vary by premium

Par: 130% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

Point-to-point

Other state rate set 1656Does not vary by premium

Par: 125% · 1-yr

Nasdaq Generations 5 Index

Point-to-point

Other state rate set 1656Does not vary by premium

Par: 120% · 1-yr

Barclays Atlas 5 Index

Point-to-point

Other state rate set 1656Does not vary by premium

Par: 100% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

Point-to-point

Other state rate set 1656Does not vary by premium

Par: 57% · 1-yr

Bloomberg Versa 10 Index

Point-to-point

Other state rate set 1656Does not vary by premium

Par: 55% · 1-yr

S&P 500 Index

AV

Other state rate set 1656Does not vary by premium

Par: 47% · 1-yr

S&P 500 Duo Swift Index (USD) ER

Point-to-point

Other state rate set 1656Does not vary by premium

Par: 32% · 1-yr

S&P 500 Index

Point-to-point

Other state rate set 1656Does not vary by premium

Cap: 5% · 1-yr

S&P 500 Index

Point-to-point

Other state rate set 1656Does not vary by premium

Fixed: 2.75% · 1-yr

Fixed Account

Fixed account

Other state rate set 1656Does not vary by premium

Cap: 2.25% · 1-yr

S&P 500 Index

Monthly sum

Other state rate set 1656Does not vary by premium

Income riders

Income rider

Enhanced Benefit Rider - Accelerated

Lifetime withdrawal rate6.67%
Annual rider feeNot shown

GMWB

Income rider

Enhanced Benefit Rider - Increasing

Lifetime withdrawal rate3.6%
Annual rider feeNot shown
Income multiplier3× multiplier

GLWB

Income rider

Enhanced Benefit Rider - Level

Lifetime withdrawal rate4.1%
Annual rider feeNot shown
Income multiplier3× multiplier

GLWB

Linked review

Vega 14 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 14

● Can I lose money in Vega 14?

A negative index return by itself does not reduce the contract's account value: Vega 14 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 scheduled surrender charges run 14 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do Vega 14's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another available Vega 14 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

14.75%

Yr 2

13.75%

Yr 3

12.75%

Yr 4

11.75%

Yr 5

10.75%

Yr 6

10%

Yr 7

9%

Yr 8

8%

Yr 9

7%

Yr 10

6%

Yr 11

5%

Yr 12

4%

Yr 13

3%

Yr 14

2%

After

0%

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

Documents

brochure

Vega 14.pdf

Confidence: highReviewed Apr 15, 2026

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

brochure

Vega Brochure-3.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 14 currently shows 32 distinct indexed or fixed crediting choices across 39 displayed rate entries, including S&P 500 Index, with 21 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: 5.25% annual point-to-point cap
  • S&P 500 Index: 5% annual point-to-point cap

Income rider language

What to look for before treating the rider as income

Enhanced Benefit Rider - Level is the main income rider listed 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
  • 14 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 14.pdf and Vega Brochure-3.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

Get a Vega 14 rate report

See how Vega 14 compares for your age, state, premium, and income goals alongside other Silac Insurance Company fixed indexed annuity options.

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