Training on SILAC annuities SP-EN

SILAC Insurance Company is an insurance carrier specialized in accumulation and protection Annuities. Its portfolio is focused on two primary product lines: Fixed Indexed Annuities (FIAs) – Denali, Teton, Envolve, and Vega: These products provide principal protection (a 0% floor against market losses) and growth potential linked to market indices, with various surrender periods (5, 7, 10, and 14 years, depending on the state). They are well suited for clients seeking growth without direct market risk, along with limited annual liquidity options. MYGAs (Multi-Year Guaranteed Annuities) – Secure Savings and Secure Savings Elite: These annuities serve as a conservative alternative to bank CDs, offering a guaranteed interest rate for a fixed period, funded by a single premium, and providing high predictability. They are commonly used for capital preservation and short- to mid-term planning. Key considerations: Typical minimum premium: starting at $10,000 (varies by product and state). These are not monthly premium products; they are primarily funded through a lump-sum deposit and generally allow one additional deposit during the following year. SILAC stands out for its simplicity, competitiveness, and strong focus on financial protection.