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Fixed Indexed Annuity

Vega Bonus 10

Silac Insurance Company

5.25%

Best Cap

10%

Free W/D

48

Jurisdictions

Product data status: May 29, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Live product data

Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.

GLWB lifetime payout rate

5.1% lifetime payout

A 10-year-surrender fixed indexed annuity from SILAC Insurance Company (A.M. Best B+) with an optional Enhanced Benefit Rider in three flavors (Level GLWB, Accelerated GMWB, and Increasing GLWB), plus a mixed cap-and-participation index menu underneath.

RMD-friendly income ridersAdvisorWorld + CANNEX data

Best fit

Buyers committing to a 10-year surrender who want lifetime income from a real, optional GLWB-style rider — the Enhanced Benefit Rider, filed in Level, Accelerated, and Increasing flavors — and are comfortable with a B+ A.M. Best carrier in exchange for the higher published rates SILAC tends to offer.

AM Best

B+ Good

Surrender period

10 years

Free withdrawal

10%/yr

Availability

48 jurisdictions

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

5.25% cap rate

S&P 500

S&P 500 Index

2.25% cap rate

S&P 500

S&P 500 Index

5% cap rate

S&P 500

S&P 500 Index

32% participation rate

S&P 500

S&P 500 Duo Swift Index (USD) ER

50% participation rate

S&P 500

S&P 500 Index

57% participation rate

S&P 500

S&P 500 RavenPack AI Index (USD) ER

135% participation rate

S&P 500

S&P 500 Duo Swift Index (USD) ER

47% participation rate

S&P 500

S&P 500 Index

55% participation rate

S&P 500

S&P 500 RavenPack AI Index (USD) ER

125% participation rate

Fixed Account

Fixed Account

3.1% declared rate

Fixed Account

Fixed Account

2.9% declared rate

+ 9 volatility-controlled index options (Barclays Atlas, Nasdaq Generations, Bloomberg Versa...)

Lifetime Income Riders

Income rider

Enhanced Benefit Rider - Increasing

RMD friendly
Lifetime payout rate5.1% lifetime payout

Product analyst notes

How to think about this contract

Why it can stand out

  • Lifetime income comes via the optional Enhanced Benefit Rider, filed in three flavors — Level (GLWB, level lifetime withdrawals), Accelerated (GMWB, higher-rate withdrawals over a defined period), and Increasing (GLWB with stepped-up withdrawals over time). Buyers can pick the rider mechanism that matches their deferral horizon and income-shape preference.
  • Crediting menu pairs a recognizable S&P 500 annual point-to-point cap with multiple participation-rate strategies on proprietary indexes (Barclays Atlas 5, Bloomberg Versa 10, Nasdaq Generations 5, S&P 500 Duo Swift, S&P 500 RavenPack AI), so buyers can hold a like-for-like S&P comparison option alongside higher-participation volatility-controlled alternatives in the same contract.
  • Free-withdrawal allowance, the full surrender ladder, MVA flag, and surrender waivers are all visible on this page rather than buried in a brochure.

What to confirm

  • The Enhanced Benefit Rider is optional, not built into the chassis — buyers who do not elect it at issue get an accumulation-only contract. The rider's withdrawal rate also depends on issue age, deferral years, and which of the three rider flavors is selected; the headline number on this page is the highest comparable lifetime withdrawal rate, not necessarily the rate any given buyer will receive.
  • Most of the strategy menu sits in proprietary, volatility-controlled indexes — Barclays Atlas 5, Bloomberg Versa 10, Nasdaq Generations 5, S&P 500 Duo Swift, and S&P 500 RavenPack AI. Their participation rates can look high in absolute terms but are not directly comparable to an S&P 500 cap — evaluate each strategy on its own merits and its own back-tested behavior.
  • Surrender period runs a full 10 years and the first-year charge is meaningful, with an MVA that can move the actual amount received up or down with interest rates on surrenders above the free-withdrawal allowance. This contract assumes the buyer can leave principal locked for the duration of the schedule.
  • SILAC Insurance Company carries an A.M. Best rating of B+ (good), which is a notch below the A-/A range many large competitors hold. Buyers prioritizing top-tier carrier financial-strength should weigh the rating against the rate competitiveness — SILAC tends to publish unusually high caps and participation rates that compensate for the rating gap.

Not ideal for

Buyers who need short-surrender liquidity, want a built-in Protected Income Value chassis with no rider election (this contract requires electing the Enhanced Benefit Rider for the lifetime-income story), prefer a top-tier A-rated or A+-rated carrier, or want a plain MYGA-style declared-rate guarantee — none of those are what this contract is structured to deliver.

All crediting strategies

View rate listings (23 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 135% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

participation

10-yr surrender

Par: 130% · 1-yr

Nasdaq Generations 5 Index

participation

10-yr surrender

Par: 125% · 1-yr

Barclays Atlas 5 Index

participation

10-yr surrender

Par: 100% + Spread: 25% · 1-yr

Barclays Atlas 5 Index

participation

10-yr surrender

Par: 60% · 1-yr

Bloomberg Versa 10 Index

participation

10-yr surrender

Par: 57% · 1-yr

S&P 500 Index

monthly_avg_participation

10-yr surrender

Par: 50% · 1-yr

S&P 500 Duo Swift Index (USD) ER

participation

10-yr surrender

Par: 32% · 1-yr

S&P 500 Index

participation

10-yr surrender

Cap: 5.25% · 1-yr

S&P 500 Index

cap

10-yr surrender

Fixed: 3.1% · 1-yr

Fixed Account

fixed

10-yr surrender

Cap: 2.25% · 1-yr

S&P 500 Index

monthly_sum_cap

10-yr surrender

Par: 125% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

Par: 125% · 1-yr

Nasdaq Generations 5 Index

Par: 120% · 1-yr

Barclays Atlas 5 Index

Par: 100% + Spread: 50% · 1-yr

Barclays Atlas 5 Index

Par: 100% + Spread: 50% · 1-yr

Nasdaq Generations 5 Index

Par: 57% · 1-yr

Bloomberg Versa 10 Index

Par: 55% · 1-yr

S&P 500 Index

Par: 47% · 1-yr

S&P 500 Duo Swift Index (USD) ER

Par: 32% · 1-yr

S&P 500 Index

Cap: 5% · 1-yr

S&P 500 Index

Fixed: 2.9% · 1-yr

Fixed Account

Cap: 2.25% · 1-yr

S&P 500 Index

Income riders

Income rider

Enhanced Benefit Rider - Increasing

RMD friendly
Lifetime withdrawal rate5.1%
Annual rider feeNot shown
Withdrawal-base growthNot shown
Deferral assumed0 years
Issue age50 — 120

GLWB

Linked review

Vega Bonus 10 review notes

Discover the features, benefits, and potential drawbacks of the SILAC Vega Bonus Fixed Indexed Annuity in this comprehensive review.

3/5Read review
Review rating details3/5
Financial strength2/5
Return potential4/5
Income and benefits3/5
Free benefits, liquidity, and costs3/5
Transparency and service3/5

CFA take

“Offers a balanced mix of accumulation potential and liquidity, supported by strong living benefits and an optional rider that enhances access to funds when needed. However, a relatively lower default liquidity of 5% during the withdrawal-charge period, with the more typical 10% available only through an added rider, along with only moderate insurer credit strength, may limit its appeal relative to competing products.”

Nikhil Bhauwala

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

4

Home health care rider, Nursing home waiver, RMD waiver, Terminal illness waiver

Death benefit

Account Value DB

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Strategy guarantee

Minimum guaranteed cap: 1.50%

Strategy guarantee

Guaranteed minimum interest rate (fixed): 2.50%

Strategy guarantee

Minimum guaranteed participation: 15.00%

Annuitization options

Single and joint

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

10%

Yr 2

9%

Yr 3

8%

Yr 4

7%

Yr 5

6%

Yr 6

5%

Yr 7

4%

Yr 8

3%

Yr 9

2%

Yr 10

1%

After

0%

Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers

Documents

brochure

Vega Bonus 10 brochure pdf.pdf

Confidence: highReviewed Apr 15, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestB+

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Vega Bonus 10 currently shows 20 distinct indexed or fixed crediting choices across 23 current rate listings, including S&P 500 Index, with 8 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 5.25% cap
  • S&P 500 Index: 2.25% cap
  • S&P 500 Index: 5% cap

Income rider language

What to look for before treating the rider as income

Enhanced Benefit Rider - Increasing is the main income-rider entry returned for this product. Rider terms can affect the tradeoff between future lifetime withdrawals, contract value, beneficiary value, and cost, so the exact state version and rider election should be confirmed before comparing it to annuitization or income-only contracts.

  • 5.1% withdrawal rate
  • RMD friendly

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 10 surrender years
  • Nursing home waiver
  • RMD waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as Vega Bonus 10 brochure pdf.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

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