Vega 7
Silac Insurance Company
4.75%
Best Cap
5%
Free W/D
48
States
The SILAC Vega is a fixed indexed annuity designed to accumulate retirement savings with guaranteed growth floors, automatic lifetime income protection, and flexible withdrawal options. It's ideal for retirees and near-retirees seeking principal safety combined with growth potential and income certainty.
Free Withdrawal
5%/yr
Available In
48 states
Min Premium
$10,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Barclays Atlas 5 Index | Annual | -- | 110% | -- |
| Bloomberg Versa 10 Index | Annual | -- | 52% | -- |
| Nasdaq Generations 5 Index | Annual | -- | 100% | -- |
| S&P 500 Duo Swift Index (USD) ER | Annual | -- | 42% | -- |
| S&P 500 Index | Annual | 4.75% | 100% | -- |
| S&P 500 Index | Monthly | 2% | 100% | -- |
| S&P 500 RavenPack AI Index (USD) ER | Annual | -- | 120% | -- |
| Fixed Account | Daily | -- | -- | 2% |
Key Features
Annual Floor Protection
0% minimumNo matter what the market does, you'll never earn less than 0% interest in any crediting strategy term
Interest Lock-in
Permanent once creditedOnce interest credits, they're locked in and protected from future market losses
Lifetime Withdrawal Guarantee
Lifetime coverageAutomatically included—guaranteed withdrawals for life as long as you don't take excess amounts
Multiple Withdrawal Options
3 optionsChoose increasing lifetime withdrawals (inflation-adjusted), level lifetime withdrawals (fixed amount), or accelerated withdrawals (lump periodic payments)
Wellness Withdrawals
2x withdrawal amountReceive double your normal withdrawal amount for up to 5 years if you need long-term care
Flexible Crediting Strategies
Multiple optionsAllocate funds across fixed interest or multiple indexed strategies; rebalance annually
Free Annual Withdrawal
5% annual accessAccess up to 5% of account value penalty-free each year after year one
Enhanced Death Benefit
Full account valueLeave your full account value to heirs as a lump sum or your benefit value spread over 5 years
Highlights
Principal protection with 0% annual floor—you never lose money in market downturns
Lifetime income guarantee that you can't outlive, automatically included at no extra cost
Dual account structure (Account Value + Benefit Value) generates both growth and enhanced withdrawals
Three withdrawal options including unique Accelerated Withdrawals tied directly to benefit value
No annual fees for lifetime withdrawal benefits—unlike competitors who charge for this protection
Surrender Schedule
Yr 1
10%
Yr 2
9%
Yr 3
8%
Yr 4
7%
Yr 5
6%
Yr 6
5%
Yr 7
4%
After
0%
Home health care rider, Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Retirees and near-retirees (ages 50+) who prioritize principal safety, want automatic lifetime income without ongoing fees, and have a 7-14 year time horizon before needing retirement income.
Consider Alternatives If
Investors who need immediate access to all their money without penalties, or those seeking maximum market upside without downside protection limits.
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