SILAC Insurance Company
SILAC Insurance Company

Secure Savings Elite 5

5.00
%
5
Year Term
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Carrier Information

Company Name
SILAC Insurance Company
Product Name
Secure Savings Elite 5
AM Best Rating
B+ Good
Carrier Websites
Carrier Phone
Product Description

The Secure Savings™ is our flagship MYGA series that provides the highest guaranteed fixed interest rates paired with built-in liquidity provisions. Annual free withdrawals, full account value at death and spousal continuation are automatically included free of charge. There are 2-, 3-, and 5-year versions available to you so that you can find the term that best suits your needs.

Product Overview

Product Type
MYGA
Term
5
Years
Brochure
Not Available In
CA, FL, MA, MD, MN, NJ, NY, OR, PA, PR, VA, VI, WA
Surrender Schedule
9%, 8%, 7%, 6%, 5%

Product Details

Year 1 Rate
5.00
%
Year 2+ Rate
5.00
%
Rate Effective Date
February 8, 2024
Minimum Investment
10000
Maximum Investment
500000
Maximum Age
85
RMD
No
Market Value Adjustment
Yes
Withdrawal Allowance
Free withdrawals during the contract term are not allowed. Riders can be added at a cost to permit free withdrawals. Otherwise, all money withdrawn will be charged based on the surrender charge schedule. Note that any withdrawals made prior to age 59½ will incur a 10% penalty from the IRS.
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Disclaimer: Rider deductions offered on some products. Rates may vary with certain states. Some products not available in certain states (refer to carrier product state availability grid)