Free personalized report

What would you like your money to do?

Choose a goal to start your report. We’ll carry your answer into the next step.

Find guaranteed ratesCompare current fixed options Plan retirement incomeExplore income choices Compare my optionsGet a personal starting point

Fixed Indexed Annuity

Vega 7 — Silac Insurance Company

Name: Vega 7
Brand: Silac Insurance Company

Silac Insurance Company

Get my rate report

5.75%

Best S&P 500 Annual Cap

10%

Free W/D

Available jurisdictions

Product data status: October 2, 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 7 would do for you

Set your numbers and switch between growth, income, and liquidity. Negative index performance does not produce a negative index credit. Fees, withdrawals and surrender charges can reduce contract value.

Product analyzer

Illustrative — live CANNEX rates as of October 2, 2026; not a projection or guarantee.

Premium$100,000

Your age60

Crediting strategy

Compare against

$244,283

Est. value at age 80 (Vega 7)

5.75%

Best S&P 500 1-yr point-to-point cap

S&P 500 Index — 5.75% 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 7's published cap rate (5.75% 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 October 2, 2026.

Free Comparison Report

Get a Vega 7 rate report

See how Vega 7 compares for your age, state, premium, and income goals alongside other Silac Insurance Company fixed indexed annuity options.

Get my rate report

rate data

Run numbers for Vega 7

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

Live product data

Rates as of October 2, 2026, from AdvisorWorld and CANNEX.

GLWB lifetime payout rate

6.67% lifetime payout

A 7-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.

RMD-friendly income ridersAdvisorWorld + CANNEX data

Best fit

Buyers committing to a 7-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

7 years

Free withdrawal

10%/yr

Availability

48 jurisdictions (excl. California, New Jersey, New York)

Featured crediting strategies

Caps, participation rates, and declared rates are shown separately.

Index / strategyRate mechanicsCreditingSurrenderPremium

S&P 500

S&P 500 Index

5.75% cap rate

Rate effective Aug 7, 2026

Annual point-to-point

Requested state: TX

1-year term · 7-year surrender · Does not vary by premium

1-year term

7-year surrender

Does not vary by premium

S&P 500

S&P 500 Index

2.4% cap rate

Rate effective Aug 7, 2026

Monthly sum

Requested state: TX

1-year term · 7-year surrender · Does not vary by premium

1-year term

7-year surrender

Does not vary by premium

S&P 500

S&P 500 Index

35% participation rate

Rate effective Aug 7, 2026

Annual point-to-point

Requested state: TX

1-year term · 7-year surrender · Does not vary by premium

1-year term

7-year surrender

Does not vary by premium

S&P 500

S&P 500 Index

monthly avg participation

62% participation rate

Rate effective Aug 7, 2026

Participation

Requested state: TX

1-year term · 7-year surrender · Does not vary by premium

1-year term

7-year surrender

Does not vary by premium

Fixed Account

3.1% declared rate

Rate effective Aug 7, 2026

Fixed account

Requested state: TX

1-year term · 7-year surrender · Does not vary by premium

1-year term

7-year surrender

Does not vary by premium

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

Lifetime Income Riders

Income rider

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 7 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.

Free Comparison Report

Get a Vega 7 rate report

See how Vega 7 compares for your age, state, premium, and income goals alongside other Silac Insurance Company fixed indexed annuity options.

Get my rate report

All crediting strategies

View rate listings (26 strategies)

These listings show published strategy details and any available rates. Use the filters to narrow by index, term, premium band, or rate type.

Par: 145% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Aug 7, 20267-yr surrenderDoes not vary by premium

Par: 145% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

Point-to-point

Requested state: TX7-yr surrenderDoes not vary by premium

Par: 140% · 1-yr

Nasdaq Generations 5 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Aug 7, 20267-yr surrenderDoes not vary by premium

Par: 140% · 1-yr

Nasdaq Generations 5 Index

Point-to-point

Requested state: TX7-yr surrenderDoes not vary by premium

Par: 135% · 1-yr

Barclays Atlas 5 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Aug 7, 20267-yr surrenderDoes not vary by premium

Par: 135% · 1-yr

Barclays Atlas 5 Index

Point-to-point

Requested state: TX7-yr surrenderDoes not vary by premium

Par: 100% · 1-yr

Barclays Atlas 5 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Aug 7, 20267-yr surrenderDoes not vary by premium

Par: 100% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Aug 7, 20267-yr surrenderDoes not vary by premium

Par: 100% · 1-yr

Nasdaq Generations 5 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Aug 7, 20267-yr surrenderDoes not vary by premium

Par: 100% · 1-yr

Barclays Atlas 5 Index

Point-to-point

Requested state: TX7-yr surrenderDoes not vary by premium

Par: 100% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

Point-to-point

Requested state: TX7-yr surrenderDoes not vary by premium

Par: 100% · 1-yr

Nasdaq Generations 5 Index

Point-to-point

Requested state: TX7-yr surrenderDoes not vary by premium

Par: 65% · 1-yr

Bloomberg Versa 10 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Aug 7, 20267-yr surrenderDoes not vary by premium

Par: 65% · 1-yr

Bloomberg Versa 10 Index

Point-to-point

Requested state: TX7-yr surrenderDoes not vary by premium

Par: 62% · 1-yr

S&P 500 Index

monthly_avg_participation · 0% annual strategy fee

Requested state: TXRate effective Aug 7, 20267-yr surrenderDoes not vary by premium

Par: 62% · 1-yr

S&P 500 Index

monthly_avg_participation

Requested state: TX7-yr surrenderDoes not vary by premium

Par: 52% · 1-yr

S&P 500 Duo Swift Index (USD) ER

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Aug 7, 20267-yr surrenderDoes not vary by premium

Par: 52% · 1-yr

S&P 500 Duo Swift Index (USD) ER

Point-to-point

Requested state: TX7-yr surrenderDoes not vary by premium

Par: 35% · 1-yr

S&P 500 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Aug 7, 20267-yr surrenderDoes not vary by premium

Par: 35% · 1-yr

S&P 500 Index

Point-to-point

Requested state: TX7-yr surrenderDoes not vary by premium

Cap: 5.75% · 1-yr

S&P 500 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Aug 7, 20267-yr surrenderDoes not vary by premium

Cap: 5.75% · 1-yr

S&P 500 Index

Point-to-point

Requested state: TX7-yr surrenderDoes not vary by premium

Fixed: 3.1% · 1-yr

Fixed Account

Fixed account · 0% annual strategy fee

Requested state: TXRate effective Aug 7, 20267-yr surrenderDoes not vary by premium

Fixed: 3.1% · 1-yr

Fixed Account

Fixed account

Requested state: TX7-yr surrenderDoes not vary by premium

Cap: 2.4% · 1-yr

S&P 500 Index

Monthly sum · 0% annual strategy fee

Requested state: TXRate effective Aug 7, 20267-yr surrenderDoes not vary by premium

Cap: 2.4% · 1-yr

S&P 500 Index

Monthly sum

Requested state: TX7-yr surrenderDoes not vary by premium

Income riders

Income rider

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 7

● Can I lose money in Vega 7?

A negative index return by itself does not reduce the contract's account value: Vega 7 credits 0% — the floor — for that indexed period. The account value can still decrease from withdrawals, surrender charges, 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 7 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 7's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another available Vega 7 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

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.

Annuitization options

Certain period, Joint life, Single life

Published payout options from the normalized contract facts.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

10%

Yr 2

Yr 3

Yr 4

Yr 5

Yr 6

Yr 7

After

Nursing home waiver, RMD waiver, Terminal illness waiver

Documents

brochure

Vega 7.pdf

Confidence: highReviewed Apr 15, 2026

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

brochure

Vega Brochure.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 7 currently shows 26 indexed or fixed crediting options, including S&P 500 Index, with 16 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

S&P 500 Index: 5.75% annual cap, 0% annual strategy fee
S&P 500 Index: 2.4% monthly cap, 0% annual strategy fee
S&P 500 Index: 5.75% annual cap
S&P 500 Index: 2.4% monthly 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.

5.1% withdrawal rate
RMD friendly

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
7 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 7.pdf and Vega Brochure.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 7 rate report

See how Vega 7 compares for your age, state, premium, and income goals alongside other Silac Insurance Company fixed indexed annuity options.

Get my rate report

Related Resources

Free personalized report

What would you like your money to do?

Choose a goal to start your report. We’ll carry your answer into the next step.

Find guaranteed ratesCompare current fixed options Plan retirement incomeExplore income choices Compare my optionsGet a personal starting point

What would you like your money to do?

Vega 7 — Silac Insurance Company

See what Vega 7 would do for you

Get a Vega 7 rate report

Run numbers for Vega 7

6.67% lifetime payout

Featured crediting strategies

Lifetime Income Riders

Enhanced Benefit Rider - Accelerated

Enhanced Benefit Rider -

Enhanced Benefit Rider - Increasing

How to think about this contract

Why it can stand out

What to confirm

Get a Vega 7 rate report

All crediting strategies

Income riders

Enhanced Benefit Rider - Accelerated

Enhanced Benefit Rider - Level

Enhanced Benefit Rider - Increasing

Enhanced Benefit Rider - Level

Enhanced Benefit Rider - Increasing

Vega 7 review notes

Common questions about Vega 7

Key Features

Free withdrawal

Surrender waivers

Death benefit

Cap-rate floor

Fixed account guarantee

Participation-rate floor

Annuitization options

Fund types

Surrender schedule

Documents

Vega 7.pdf

Vega Brochure.pdf

Carrier Ratings

Contract notes from product data

How the interest-crediting choices are framed

What to look for before treating the rider as income

Why access rules deserve as much attention as rates

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

Get a Vega 7 rate report

Related Resources

Compare Rates

Silac Insurance Company Products

Learn More

What would you like your money to do?

Cite this