SILAC Insurance Company has expanded their Inherited IRA options! Starting April 1, 2025, SILAC will accept applications for Inherited IRAs with deaths occurring after 2020.
Key Product Details
Stretch IRAs (Deaths prior to 2020 & Eligible Beneficiaries after 2019)
- Available with: Teton, Teton Bonus (5, 7, 10, 14), Secure Savings, and Secure Savings Elite with RMD Liquidity Rider
- Eligible beneficiaries include spouses, disabled individuals, chronically ill individuals, minor children of the original owner, and non-spouse beneficiaries not more than 10 years younger than the original IRA owner
10-Year Rule IRAs (Ineligible Beneficiaries & Deaths after 2019)
- Available with: Teton, Teton Bonus (5, 7), Secure Savings, and Secure Savings Elite with RMD Liquidity Rider
- Applies to non-spouse beneficiaries who are more than 10 years younger than the original owner
Important Notes
- Age restrictions apply:
- When beneficiary is younger than decedent: maximum issue age is 65
- When beneficiary is older than decedent: maximum age at death is 65
- A special Inherited IRA form is required with all applications
- The form will be available on the agent portal starting April 1, 2025
- The form will NOT be available on Firelight
Download the Form
Download the required Inherited IRA form from the agent portal (you can also click here to download it) for any Inherited IRA applications beginning April 1, 2025.
For questions, please contact:
- FIA Policyholder Service: 888-352-5122
- MYGA Policyholder Service: 833-889-0910
