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, simple FIA that's simple to understand and is 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.
NOTE: SILAC used to be Equitable Life & Casualty. As of January 1, 2021, their new name is SILAC Insurance Company.
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:
SILAC offers products in the following states:
You can access recordings of SILAC annuity training webinars here.
Webinar recordings include:
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:
Plus, it's RMD friendly.
The Teton series is very exciting, because we finally have a Fixed Index Annuity that is simple and easy to understand!
"There's always a potential for growth with Fixed Index Annuity (FIA) products," says Dan Acker, President & Chief Marketing Officer at SILAC. "We use that mountain range to help associate the growth possible with our Teton series."
Here are some of the product highlights:
To learn ALL of the details about this product, check out What is the SILAC Teton™ Fixed Index Annuity, and How Does It Work?
There, we cover everything including the index crediting strategies, interest rates, nursing home benefit, death benefit, the RMD benefit, the target audience, marketing pieces, the e-app, the commission, the illustration software, and more!!
Plus, get the FREE marketing presentation that's customizable to you and your business: Download Your Equitable Teton™ Fixed Index Annuity Client Presentation
The Teton Bonus has the same features as the Teton Series above, and:
SILAC set out to do retirement differently. They wanted a simple, understandable product that offered lifetime withdrawals, one account, and no fees. Spoiler alert: they did it!
Denali offers your client:
If you're familiar with the Teton product, you already know 90% of Denali.
Denali is a great fit for clients who are focused on the long-term. They need regular income but also want their money to grow. Unlike competitor products, SILAC's Denali provides both accumulation and lifetime income.
The Denali Series is available in many states including Illinois and Indiana.
Clients can choose their own interest crediting strategy, including fixed or indexed crediting strategies.
Vega is one of the brightest stars and is a reliable point in an ever-changing night sky.
The SILAC Vega Series is a comprehensive fixed index annuity focused on the accumulation of retirement benefits. The benefit value that automatically comes with all Vega FIAs offers multiple income options, growth, and an enhanced legacy benefit to navigate retirement. This supercharged benefit accumulation, paired with multiple benefits that can be fine-tuned to your specific needs, provides a galaxy of retirement opportunities.
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!
Check out our complete guide here: The Ultimate Guide to Selling Annuities In the Senior Market
Also, check out this video from annuity all-star, Michael Sams: