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Fixed Indexed Annuity

Vega Bonus 7

Silac Insurance Company

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5.5%

Best S&P 500 Annual Cap

5%

Free W/D

48

Available jurisdictions

Product data status: July 17, 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.

Model this product

See what Vega Bonus 7 would do for you

Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of July 17, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$236,881
Est. value at age 80 (Vega Bonus 7)
5.5%
Best S&P 500 1-yr point-to-point cap
S&P 500 Index — 5.5% Cap (Annual)
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies Vega Bonus 7's published cap rate (5.5% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of July 17, 2026.

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See how Vega Bonus 7 compares for your age, state, premium, and income goals alongside other Silac Insurance Company fixed indexed annuity options.

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Live rate data

Run live numbers for Vega Bonus 7

Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Silac Insurance Company product.

Live product data

Rates as of July 17, 2026, from AdvisorWorld and CANNEX.

GLWB lifetime payout rate

6.67% lifetime payout

A 7-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 7-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

7 years

Free withdrawal

5%/yr

Availability

48 jurisdictions (excl. California, New Jersey, New York)

Featured crediting strategies

Featured strategies use the selected state's rates. The full listing below labels other CANNEX state-rate variants separately.

Index / strategyRate mechanics

S&P 500

S&P 500 Index

5.5% cap rate

Annual cap

1-year term · 7-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

monthly sum cap

2.25% cap rate

Monthly sum

1-year term · 7-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

32% participation rate

Participation

1-year term · 7-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

monthly avg participation

60% participation rate

Participation

1-year term · 7-year surrender · Does not vary by premium

Fixed Account

Fixed Account

3.1% declared rate

Fixed account

1-year term · 7-year surrender · Does not vary by premium

+ 8 additional crediting options (S&P 500, Barclays Atlas, Nasdaq Generations...)

Lifetime Income Riders

Income rider

Enhanced Benefit Rider - Accelerated

RMD friendly
Lifetime payout rate6.67% lifetime payout

Income rider

Enhanced Benefit Rider -

Lifetime payout rate3.4% lifetime payout
Annual rider fee0% annual rider fee
Interest multiplier1.75x interest multiplier

Income rider

Enhanced Benefit Rider - Increasing

Lifetime payout rate2.9% lifetime payout
Annual rider fee0% annual rider fee
Interest multiplier1.75x interest multiplier

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 7 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.

Free Comparison Report

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See how Vega Bonus 7 compares for your age, state, premium, and income goals alongside other Silac Insurance Company fixed indexed annuity options.

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All crediting strategies

View rate listings (39 strategies)

These are the current crediting strategies available for this product. Use the filters to narrow by index, term, premium band, state rate set, or rate type.

Par: 140% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

participation

7-yr surrenderDoes not vary by premium

Par: 135% · 1-yr

Nasdaq Generations 5 Index

participation

7-yr surrenderDoes not vary by premium

Par: 130% · 1-yr

Barclays Atlas 5 Index

participation

7-yr surrenderDoes not vary by premium

Par: 100% · 1-yr

Barclays Atlas 5 Index

participation

7-yr surrenderDoes not vary by premium

Par: 100% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

participation

7-yr surrenderDoes not vary by premium

Par: 100% · 1-yr

Nasdaq Generations 5 Index

participation

7-yr surrenderDoes not vary by premium

Par: 62% · 1-yr

Bloomberg Versa 10 Index

participation

7-yr surrenderDoes not vary by premium

Par: 60% · 1-yr

S&P 500 Index

monthly_avg_participation

7-yr surrenderDoes not vary by premium

Par: 52% · 1-yr

S&P 500 Duo Swift Index (USD) ER

participation

7-yr surrenderDoes not vary by premium

Par: 32% · 1-yr

S&P 500 Index

participation

7-yr surrenderDoes not vary by premium

Cap: 5.5% · 1-yr

S&P 500 Index

cap

7-yr surrenderDoes not vary by premium

Fixed: 3.1% · 1-yr

Fixed Account

fixed

7-yr surrenderDoes not vary by premium

Cap: 2.25% · 1-yr

S&P 500 Index

monthly_sum_cap

7-yr surrenderDoes not vary by premium

Par: 140% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

Point-to-point

Other state rate set 1878Does not vary by premium

Par: 135% · 1-yr

Nasdaq Generations 5 Index

Point-to-point

Other state rate set 1878Does not vary by premium

Par: 130% · 1-yr

Barclays Atlas 5 Index

Point-to-point

Other state rate set 1878Does not vary by premium

Par: 100% · 1-yr

Barclays Atlas 5 Index

Point-to-point

Other state rate set 1878Does not vary by premium

Par: 100% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

Point-to-point

Other state rate set 1878Does not vary by premium

Par: 100% · 1-yr

Nasdaq Generations 5 Index

Point-to-point

Other state rate set 1878Does not vary by premium

Par: 62% · 1-yr

Bloomberg Versa 10 Index

Point-to-point

Other state rate set 1878Does not vary by premium

Par: 60% · 1-yr

S&P 500 Index

AV

Other state rate set 1878Does not vary by premium

Par: 52% · 1-yr

S&P 500 Duo Swift Index (USD) ER

Point-to-point

Other state rate set 1878Does not vary by premium

Par: 32% · 1-yr

S&P 500 Index

Point-to-point

Other state rate set 1878Does not vary by premium

Cap: 5.5% · 1-yr

S&P 500 Index

Point-to-point

Other state rate set 1878Does not vary by premium

Fixed: 3.25% · 1-yr

Fixed Account

Fixed account

Other state rate set 1878Does not vary by premium

Cap: 2.25% · 1-yr

S&P 500 Index

Monthly sum

Other state rate set 1878Does not vary by premium

Par: 135% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

Point-to-point

Other state rate set 1952Does not vary by premium

Par: 130% · 1-yr

Nasdaq Generations 5 Index

Point-to-point

Other state rate set 1952Does not vary by premium

Par: 125% · 1-yr

Barclays Atlas 5 Index

Point-to-point

Other state rate set 1952Does not vary by premium

Par: 100% · 1-yr

Barclays Atlas 5 Index

Point-to-point

Other state rate set 1952Does not vary by premium

Par: 100% · 1-yr

S&P 500 RavenPack AI Index (USD) ER

Point-to-point

Other state rate set 1952Does not vary by premium

Par: 100% · 1-yr

Nasdaq Generations 5 Index

Point-to-point

Other state rate set 1952Does not vary by premium

Par: 60% · 1-yr

Bloomberg Versa 10 Index

Point-to-point

Other state rate set 1952Does not vary by premium

Par: 57% · 1-yr

S&P 500 Index

AV

Other state rate set 1952Does not vary by premium

Par: 50% · 1-yr

S&P 500 Duo Swift Index (USD) ER

Point-to-point

Other state rate set 1952Does not vary by premium

Par: 32% · 1-yr

S&P 500 Index

Point-to-point

Other state rate set 1952Does not vary by premium

Cap: 5.25% · 1-yr

S&P 500 Index

Point-to-point

Other state rate set 1952Does not vary by premium

Fixed: 3.1% · 1-yr

Fixed Account

Fixed account

Other state rate set 1952Does not vary by premium

Cap: 2.25% · 1-yr

S&P 500 Index

Monthly sum

Other state rate set 1952Does not vary by premium

Income riders

Income rider

Enhanced Benefit Rider - Accelerated

RMD friendly
Lifetime withdrawal rate6.67%
Annual rider feeNot shown
Deferral assumed0 years
Issue age50 — 120

GMWB

Income rider

Enhanced Benefit Rider - Increasing

Lifetime withdrawal rate2.9%
Annual rider fee0%
Income multiplier1.75× multiplier
Deferral assumed10 years

GLWB

Income rider

Enhanced Benefit Rider - Level

Lifetime withdrawal rate3.4%
Annual rider fee0%
Income multiplier1.75× multiplier
Deferral assumed10 years

GLWB

Linked review

Vega Bonus 7 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

Common questions about Vega Bonus 7

● Can I lose money in Vega Bonus 7?

A negative index return by itself does not reduce the contract's account value: Vega Bonus 7 credits 0% — the floor — for that indexed period. The account value can still decrease from applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 5% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● Is the Enhanced Benefit Rider - Accelerated income rider worth it?

It depends on whether you will use the guaranteed income. If you are accumulating only, you can skip it. If you want guaranteed lifetime income later, the 6.67% withdrawal rate can make it worthwhile — model it in the Income tab of the analyzer above.

● When can I access my money without a surrender charge?

Up to 5% of your account value each year is penalty-free. The scheduled surrender charges run 7 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do Vega Bonus 7's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another current Vega Bonus 7 strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

5%/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.

Cap-rate floor

1.50%

Minimum guaranteed cap for cap-based indexed strategies.

Fixed account guarantee

2.50%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

15.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

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%

After

0%

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

Documents

brochure

Vega Bonus 7 brochure pdf.pdf

Confidence: highReviewed Apr 15, 2026

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

brochure

Vega Bonus Brochure.pdf

Confidence: highReviewed Apr 8, 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 7 currently shows 31 distinct indexed or fixed crediting choices across 39 displayed rate entries, including S&P 500 Index, with 21 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 5.5% annual cap
  • S&P 500 Index: 2.25% monthly cap
  • S&P 500 Index: 5.5% annual point-to-point cap
  • S&P 500 Index: 5.25% annual point-to-point cap

Income rider language

What to look for before treating the rider as income

Enhanced Benefit Rider - Level is the main income rider listed 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.

  • 3.4% withdrawal rate
  • 0% rider fee
  • 10 deferral years

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.

  • 5%/yr free withdrawal
  • 7 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 7 brochure pdf.pdf and Vega Bonus Brochure.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

Free Comparison Report

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See how Vega Bonus 7 compares for your age, state, premium, and income goals alongside other Silac Insurance Company fixed indexed annuity options.

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