Vega Bonus 10
Silac Insurance Company
4.5%
Best Cap
5%
Free W/D
48
States
SILAC Vega Bonus is a fixed indexed annuity that combines guaranteed income for life with market-linked growth potential and an immediate benefit bonus. It's designed for retirees who want principal protection, lifetime income they can't outlive, and flexibility to access funds when needed.
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 | -- | 100% | -- |
| Bloomberg Versa 10 Index | Annual | -- | 42% | -- |
| Nasdaq Generations 5 Index | Annual | -- | 105% | -- |
| S&P 500 Duo Swift Index (USD) ER | Annual | -- | 35% | -- |
| S&P 500 Index | Annual | 4.5% | 100% | -- |
| S&P 500 Index | Monthly | 1.75% | 100% | -- |
| S&P 500 RavenPack AI Index (USD) ER | Annual | -- | 100% | -- |
| Fixed Account | Daily | -- | -- | 2% |
Key Features
Benefit Bonus
Varies by product and crediting strategyAn immediate bonus added only to your benefit value that accelerates growth for lifetime withdrawals and enhanced death benefits
Lifetime Withdrawal Benefit
Available after 7, 10, or 14-year waiting periodGuaranteed income payments lasting your entire life, even if your account value falls to zero, with option for increasing payments or level payments
Accelerated Withdrawals
Available with 7, 10, or 14-year termsUnique feature allowing you to receive your entire benefit value over a specific time period without lifetime commitment
Principal Protection
100% principal protectedYour money is never at risk from market downturns; annual floor protection guarantees you earn at least 0% in any indexed crediting strategy
Flexible Crediting Strategies
Multiple options availableChoose between fixed interest or multiple indexed crediting strategies tied to market indexes; reallocate annually
Free Annual Withdrawals
5% annually after year 1Access up to 5% of your account value each year without surrender charges during the withdrawal charge period
Wellness Withdrawals
Available if Lifetime Withdrawals elected; not available in KansasIf you cannot perform two Activities of Daily Living, you may receive double your lifetime withdrawal for up to 5 years
Health Riders
Included at no additional costNo-cost riders for nursing home care, terminal illness, and home health care allow penalty-free withdrawals up to 100% of account value
Death Benefit
Included; avoids probateBeneficiaries receive either full account value as lump sum or entire benefit value paid over 5 years
Tax Deferral
Tax-deferred growthGrowth is tax-deferred until you withdraw funds, allowing more money to compound over time
Highlights
Immediate benefit bonus added to your account that grows faster than your actual deposits
Lifetime income guarantee that you cannot outlive, even if your account value reaches zero
100% principal protection from market losses with upside growth potential tied to market indexes
Three distinct withdrawal benefit options (Increasing, Level, or Accelerated) tailored to different retirement goals
Enhanced death benefits and wellness withdrawals for long-term care needs built in at no extra cost
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
Investors age 50+ who want guaranteed lifetime income, principal protection, and are willing to commit funds for 7-14 years in exchange for market growth potential and enhanced benefits.
Consider Alternatives If
Investors who need immediate liquidity, prefer no surrender charges, or require frequent access to their full account value during the commitment period.
Carrier Ratings
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