Best available rate
4.75%
5-yr guarantee · 5-yr surrender schedule · $5,000+ premium
Highest current rate across the available 2-year, 3-year, and 5-year guarantee terms.
View all rates and terms ↓5%
Free W/D
41
Available jurisdictions
Rates as of August 7, 2026. CANNEX via AdvisorWorld; confirm rates and state availability before purchase.
Product analyzer
Run numbers for Secure Savings Elite
guaranteed rates, terms, state availability, surrender details, and contract facts stay scoped to this Silac Insurance Company product.
Live product data
Rates as of August 7, 2026, from AdvisorWorld and CANNEX.
Lead-term guaranteed rate
4.75% guaranteed for 5 years
A multi-year guaranteed annuity from SILAC Insurance Company (A.M. Best B+) offering flat declared rates at 2/3/5-year terms with a 5-year declining surrender ladder, an annual free-withdrawal allowance, RMD waiver, and a market value adjustment on surrenders beyond the free-withdrawal allowance.
Best fit
Buyers who want a flat, contractually guaranteed rate locked in for a 5-year term (or shorter at 2, 3 years) from a carrier that prioritizes rate competitiveness, value a visible 5-year surrender schedule that ends in the same year as the lead-term guarantee period, and are comfortable with a B+ A.M. Best rating in exchange for the higher MYGA rates SILAC tends to publish.
Available guarantee terms
2, 3, and 5 years
AM Best
B+ Good
Available surrender terms
2, 3, and 5 years
Free withdrawal
5%/yr
Availability
41 jurisdictions (restricted footprint)
Product analyst notes
How to think about this contract
Why it can stand out
- Three guarantee-period choices (2, 3, 5 years) are filed under the same product, so a buyer can match the term length to a defined planning horizon and the rate-by-term table on this page shows the term-versus-yield trade-off directly within one contract.
- Surrender schedule is a 5-year declining ladder that ends in the same year the 5-year guarantee period ends, so the lock-up window matches the contract's longest fixed-rate guarantee rather than extending beyond it.
- Annual free-withdrawal allowance is visible on this page, paired with an RMD waiver, so penalty-free liquidity rules are not buried in a sales brochure.
- Backed by SILAC Insurance Company — a carrier that publishes consistently competitive MYGA rates in exchange for a B+ A.M. Best rating that sits a notch below the A-/A range of the largest carriers.
What to confirm
- SILAC Insurance Company carries an A.M. Best rating of B+ (good), which is a notch below the A-/A range many large MYGA competitors hold. Buyers prioritizing top-tier carrier financial-strength for a multi-year fixed-rate guarantee should weigh the rating against the rate competitiveness — SILAC tends to publish unusually high MYGA rates that compensate for the rating gap.
- Posted guaranteed rates on this page assume a specific premium and issue-age scenario; the underlying rate schedule can show multiple rate tiers per term, so deposits in lower or higher bands may earn a different guaranteed rate. Verify the rate for the actual deposit size with the carrier before signing.
- Surrender charges run a full 5 years with a meaningful first-year charge, and a market value adjustment applies on surrenders above the free-withdrawal allowance, which can move the actual amount received up or down with interest rates. An unplanned early exit carries a real cost — this is a multi-year commitment, not a short-term cash equivalent.
- There is no guaranteed-lifetime-withdrawal rider on this MYGA filing, and the death benefit is the standard contractual beneficiary value — this contract is built for rate certainty over the chosen term, not for legacy enhancement or guaranteed lifetime income.
Not ideal for
Buyers who need a 10-year fixed-rate horizon (this contract tops out at the lead-term shown above), want a stepped-up or rollup-enhanced death benefit, expect a guaranteed-lifetime-withdrawal rider, want market-linked upside through index crediting, or insist on a top-tier A-rated or A+-rated carrier — a B+ MYGA is not designed to deliver any of those.
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Guaranteed Rates by Term
| Term | Surrender term | Published rate |
|---|---|---|
| 2-Year | 2-Year schedule | 3.9%Rate convention not stated |
| 3-Year | 3-Year schedule | 4.5%Rate convention not stated |
| 5-Year | 5-Year schedule | 4.75%Rate convention not stated |
Showing one representative CANNEX rate set that leads the other returned versions across matching terms and premium bands. State- or rider-specific versions require a personalized quote before purchase.
Key Features
Free withdrawal
5%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
1RMD waiver
Death benefit
Account Value DBBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
5-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
RMD waiver, Surrender waivers
Carrier Ratings
Free Comparison Report
Get a Secure Savings Elite rate report
See how Secure Savings Elite compares for your age, state, premium, and income goals alongside other Silac Insurance Company MYGA options.