Vega Bonus 7
Silac Insurance Company
5%
Best Cap
5%
Free W/D
48
States
The SILAC Vega Bonus is a fixed indexed annuity designed for long-term retirement savings that provides guaranteed lifetime income, immediate benefit growth, and principal protection. It's ideal for retirees seeking income they can't outlive combined with market-linked growth potential.
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 | -- | 115% | -- |
| Bloomberg Versa 10 Index | Annual | -- | 55% | -- |
| Nasdaq Generations 5 Index | Annual | -- | 100% | -- |
| S&P 500 Duo Swift Index (USD) ER | Annual | -- | 45% | -- |
| S&P 500 Index | Annual | 5% | 100% | -- |
| S&P 500 Index | Monthly | 2% | 100% | -- |
| S&P 500 RavenPack AI Index (USD) ER | Annual | -- | 125% | -- |
| Fixed Account | Daily | -- | -- | 2% |
Key Features
Benefit Bonus
Varies by product termAn immediate enhancement added to your benefit value at purchase, available for enhanced withdrawals and wealth transfer
Lifetime Withdrawal Guarantee
Locked in at electionOnce elected, you receive guaranteed income for life that won't decrease even if your account value drops to zero
Annual Floor Protection
0% floorYou earn a minimum of 0% interest annually on indexed strategies, protecting against market losses
Free Annual Withdrawals
5% per yearStarting in year 2, withdraw up to 5% of your account value each year without surrender charges
Accelerated Withdrawals
Benefit value over chosen termUnique option to receive your entire benefit value over a specified period without lifetime commitment
Wellness Withdrawals
Up to 5 years coverageDouble your lifetime withdrawal amount if you cannot perform two of six daily living activities
Multiple Crediting Strategies
Varies by electionChoose from fixed interest and multiple indexed strategies tied to different market indexes for diversification
Death Benefit Options
Full account value or benefit valueYour beneficiary receives either the full account value as a lump sum or the benefit value paid over 5 years
Health Riders at No Cost
Up to 100% accessNursing Home, Terminal Illness, and Home Health benefits allow penalty-free withdrawals if health declines
Highlights
Immediate benefit bonus added to your account, enhancing withdrawal and wealth transfer benefits right away
Choose between Increasing Lifetime Withdrawals, Level Lifetime Withdrawals, or Accelerated Withdrawals for flexible retirement income
100% principal protection with no direct market risk, combined with potential for market-indexed growth
Three withdrawal charge period options (7, 10, or 14 years) with automatic lifetime income guarantee
Enhanced health riders at no cost, including Nursing Home, Terminal Illness, and Home Health benefits
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
Individuals seeking guaranteed lifetime retirement income, principal protection from market losses, and flexibility to adjust income strategy based on life circumstances—particularly those concerned about outliving their savings or needing health-related protection.
Consider Alternatives If
Those needing immediate access to full account value, people with short life expectancies who won't benefit from long-term accumulation, or investors requiring maximum market upside without income guarantees.
Carrier Ratings
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