During the Great Depression, Silac went on a mission to help people; and with a borrowed $20 bill, their great company was formed. Those humble beginnings - and the initial mission of caring for others - have remained at the forefront ever since. SILAC now celebrates nearly 90 years of providing straightforward & competitive products for clients, delivering best-in class service to agents.
Their identity evolved after entering the annuity space in 2018; and they continue our commitment to be an adaptable, innovative, and trustworthy insurance company in the days ahead. To start 2022, SILAC was proudly awarded a national Top Workplaces USA title for the first time. They've also carried the regional Top Workplace title from The Salt Lake Tribune proudly for four years. In 2020, SILAC was named the 3rd Fastest Growing Life Insurance Company by S&P Global Market Intelligence
Silac is the 3rd FIA carrier overall and the 4th MYGA carrier overall.
Current Financial Strength Rating: B+ as rated by A.M. Best, December 2021.