SILAC has been an annuity leader here at New Horizons for quite some time. Their rates are very competitive, and their MYGA product has tons of built-in features that don't have rider deductions. It's also RMD-friendly.
In addition, SILAC has a great lineup of simplified FIAs that are easy to understand and are a huge hit with our agents out in the field.
SILAC dates back to the Great Depression of the 1930s. It started in Utah where members helped contribute to grieving families upon the death of a society member. Today, SILAC offers a complete line of senior market products including Medicare Supplement, home care recovery, annuities, and more.
Recently Reimagined Product Portfolio: SILAC has strategically simplified their FIA lineup into four distinct product families, each with a clear purpose - accumulation, income, or legacy planning.
A.M. Best Rating of B
60 Years with the Better Business Bureau: SILAC Insurance Company recently passed 60 years of being an accredited business and is the 2nd oldest company with the Better Business Bureau of Utah.
Webinar training is available in the agent portal!
NOTE: SILAC used to be Equitable Life & Casualty. As of January 1, 2021, their new name is SILAC Insurance Company.
Marketing Materials
SILAC is one of the best annuity carriers out there, especially when it comes to providing you, the agent, with marketing materials.
Check out some of these featured marketing pieces you can use to inform and educate your senior annuity prospects:
We were also recently joined by Regional Vice President Molly McEwin for a special training on the new, reimagined annuity line-up. You can view the recording here.
SILAC Secure Savings™ and Secure Savings™ Elite (MYGAs)
As we mentioned above, this MYGA is one of our most popular annuities here at New Horizons. This product has tons of built-in features that other MYGAs charge for via rider deductions.
With SILAC, you get:
5% free withdrawal after Year 1
Free accumulated interest withdrawal after 30 days
Full account value at death
Plus, it's RMD friendly
Flexible withdrawal options: Multiple withdrawals per policy year allowed as long as total doesn't exceed penalty-free amount (lump sum, systematic payments, or multiple separate withdrawals)
Issue Ages: Secure Savings™ 18 to 90 and Secure Savings™ Elite 18 to 85 Minimum Single Premium: $10,000 Qualified or Non-Qualified Maximum Single Premium: $500,000 (Larger amounts will be considered with Home Office Approval) Guarantee Period: 2-year or 5-year terms Guaranteed Growth: Premium will earn a guaranteed rate of interest for the guarantee period chosen.
Key MYGA Features:
No Long Term Commitment: After the initial guarantee period, full access to account value
Principal Protection: 100% principal protected when held for guarantee period
Tax Deferred Growth: All interest earned is tax deferred
Access To Funds For Life's Curveballs: Maximum flexibility for customer needs
Income Options: Convert to guaranteed income benefit upon maturity
Wealth Transfer: Death benefit equal to account value (Secure Savings™) or cash surrender value (Secure Savings™ Elite)
SILAC's Reimagined FIA Portfolio: 4 Distinct Solutions
SILAC has strategically simplified their FIA lineup to eliminate confusion and focus each product on a specific retirement goal. Each product now has a well-defined role with enhanced features and competitive bonuses.
Teton Series - Clean Accumulation Focus
The Teton series is perfect for clients focused on principal protection and growth with maximum simplicity.
Product Highlights:
NEW 5-year surrender period option - Very competitive in today's market
Multiple surrender period options: 5, 7, 10, and 14 years
Crediting strategies based on the S&P 500 Index
Strong upfront premium bonuses:
5-year: 7% premium bonus
7-year: 10% premium bonus
10 & 14-year: Up to 15% premium bonus
Multiple free withdrawal options (5% starting year 2)
Principal protection and tax deferral
Income options available
Full Account Value at death
Spousal Continuation
RMD friendly - Available immediately with no penalties
Elevation & Elevation Plus Riders:
Add enhanced liquidity and even higher bonuses to Teton:
Elevation Plus boosts premium bonuses:
5-year: Up to 9% (from 7%)
7-year: Up to 13% (from 10%)
10 & 14-year: Up to 20% (from 15%)
Enhanced free withdrawals: 10% starting year 2 (vs. 5% standard)
Cumulative withdrawals: Unused withdrawals roll over to next year
Smart cost structure: 1% annual spread only charged when positive interest earned
Perfect for replacement situations where you need to offset surrender charges with higher bonuses
Denali Series - Enhanced Accumulation
Denali stands on the shoulders of Teton, offering the highest caps and participation rates of any FIA in SILAC's portfolio.
What Makes Denali Unique:
Highest caps and participation rates in SILAC's lineup
Interest/bonus recapture feature enables higher rates without annual fees
Pure accumulation focus (income writer removed in reimagining)
Same surrender periods as Teton: 5, 7, 10, and 14 years
Same premium bonus structure as Teton
Compatible with Elevation and Elevation Plus riders
RMD friendly - Available immediately
Key Feature - Interest Recapture:
Allows higher caps/par rates without annual fees
If policy surrendered early, excess interest/bonuses are recaptured
Creates win-win: higher growth potential with performance-based cost structure
Evolve - Standalone Lifetime Income Engine
NEW standalone income FIA with SILAC's first stacking income rider featuring guaranteed rollup.
Income Writer Features:
6% guaranteed rollup PLUS positive interest credits earned
Dual strength: guaranteed growth and accumulation potential
Available in 7, 10, and 14-year surrender periods
Strong replacement opportunity with account value bonuses:
7-year: Competitive premium bonus
10 & 14-year: 20% premium bonus - excellent for replacement business
Product Details:
One-year mandatory deferral before income activation
1.5% annual spread (only charged when positive interest earned)
Standard 5% free withdrawals starting year 2
ADL/Wellness benefit: Double income for up to 5 years if unable to perform 2 of 6 activities of daily living
RMD friendly - Available immediately
Income value grows at minimum 6% annually regardless of market performance
Ideal for clients needing income now or in the future, with strong account value growth potential
Vega Series - Wealth Transfer & Legacy Planning
Vega specializes in enhanced death benefit and wealth transfer with unique rollup features on benefit value.
Key Features:
Income writer attached with unique rollup features
Enhanced death benefit focus
No fees structure
Great multipliers growing benefit value exponentially vs. account value
Best suited for clients with 7-10+ year income deferral timeline
Ideal for wealth transfer and legacy planning strategies
New Bloomberg Versa 10 Index - Available on All SILAC FIAs
SILAC's first multi-asset index brings diversification and commodity exposure to the FIA portfolio.
Index Components:
US Large Cap Equities - Growth component
US Treasuries - Fixed income component
Gold - SILAC's first commodity component, inflation protection
US Dollar - Protection component
Unique Features:
10% volatility target - Higher than traditional 5-7% vol control
Dynamic allocation - Shifts between components based on performance
Equity protection during market corrections with rapid response
Smart gold allocation - Only allocates when positive trends exist
Strong Historical Performance:
12.97% 10-year annualized return
Available with Annual Point-to-Point Participation Rate crediting
Performed well in 2025's volatile environment
Available across ALL SILAC FIA products
Enhanced Service Programs
Inner Circle Experience (2.5M+ Premium Threshold):
Dedicated service manager
Top of phone queue (30 seconds or less hold times)
Dedicated toll-free number
Retroactive commission bonuses based on annual production:
2.5M - 5M: Additional 50 basis points
Up to 10M+: Additional 2% commission bonus
Ember Program (10M+ Premium):
All Inner Circle benefits PLUS
Advisory board participation - Direct input on product development
Quarterly brainstorming sessions with SILAC leadership
Partnered client events - Marketing support and event participation
2026 Incentive Trip: Portugal and Spain (5M+ qualification, top 60 advisors)
New to Annuity Sales?
Annuity sales are a huge opportunity for independent agents in the senior market. If you want to learn how to sell annuities to seniors, you've come to the right place!
