• Written By
    Jennifer Schell

    Jennifer Schell

    Financial Writer

    Jennifer Schell is a professional writer focused on demystifying annuities and other financial topics including banking, financial advising and insurance. She is proud to be a member of the National Association for Fixed Annuities (NAFA) as well as the National Association of Insurance and Financial Advisors (NAIFA).

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  • Edited By
    Savannah Pittle
    Savannah Pittle, senior financial editor for Annuity.org

    Savannah Pittle

    Senior Financial Editor

    Savannah Pittle is an accomplished writer, editor and content marketer. She joined Annuity.org as a financial editor in 2021 and uses her passion for educating readers on complex topics to guide visitors toward the path of financial literacy.

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  • Financially Reviewed By
    Timothy Li, MBA
    Timothy Li, MBA Headshot

    Timothy Li, MBA

    Business Finance Manager

    Timothy Li, MBA, has dedicated his career to increasing profitability for his clients, including Fortune 500 companies. Timothy currently serves as a business finance manager where he researches ways to increase profitability within the supply chain, logistics and sales departments.

    Read More
  • Updated: June 30, 2023
  • 4 min read time
  • This page features 8 Cited Research Articles
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Fact Checked

Annuity.org partners with outside experts to ensure we are providing accurate financial content.

These reviewers are industry leaders and professional writers who regularly contribute to reputable publications such as the Wall Street Journal and The New York Times.

Our expert reviewers review our articles and recommend changes to ensure we are upholding our high standards for accuracy and professionalism.

Our expert reviewers hold advanced degrees and certifications and have years of experience with personal finances, retirement planning and investments.

Why Trust Annuity.org
Why You Can Trust Annuity.org
Annuity.org has provided reliable, accurate financial information to consumers since 2013. We adhere to ethical journalism practices, including presenting honest, unbiased information that follows Associated Press style guidelines and reporting facts from reliable, attributed sources. Our objective is to deliver the most comprehensive explanation of annuities and financial literacy topics using plain, straightforward language.

Our Partnerships, Vision and Goals

We pride ourselves on partnering with professionals like those from Senior Market Sales (SMS) — a market leader with over 30 years of experience in the insurance industry — who offer personalized retirement solutions for consumers across the country. Our relationships with partners including SMS and Insuractive, the company’s consumer-facing branch, allow us to facilitate the sale of annuities and other retirement-oriented financial products to consumers who are looking to purchase safe and reliable solutions to fill gaps in their retirement income. We are compensated when we produce legitimate inquiries, and that compensation helps make Annuity.org an even stronger resource for our audience. We may also, at times, sell lead data to partners in our network in order to best connect consumers to the information they request. Readers are in no way obligated to use our partners’ services to access the free resources on Annuity.org.

Annuity.org carefully selects partners who share a common goal of educating consumers and helping them select the most appropriate product for their unique financial and lifestyle goals. Our network of advisors will never recommend products that are not right for the consumer, nor will Annuity.org. Additionally, Annuity.org operates independently of its partners and has complete editorial control over the information we publish.

Our vision is to provide users with the highest quality information possible about their financial options and empower them to make informed decisions based on their unique needs.

About SILAC Insurance Company

SILAC Insurance Company was originally founded as Equitable Life & Casualty Insurance Company in 1935. As Utah’s oldest active life insurance company, SILAC has provided products to meet the financial needs of retiring Americans for decades.

In the 1960s and 1970s, Equitable Life pioneered the development and marketing of Medicare supplement insurance and other supplemental health products. The company began selling annuity products in 2018, first offering fixed annuities and later offering fixed index annuities.

In 2020, the company changed its corporate name to SILAC Insurance Company in an effort to emphasize the greater variety of products it offered. Today, SILAC is licensed to sell insurance in 47 states and the District of Columbia and has grown its revenue to over $2 billion in annual sales.


SILAC annuity customers can contact an Annuity Customer Experience Specialist at one of the following numbers, depending on the type of annuity you own:

Fixed Indexed Annuities

Multi-Year Guaranteed Annuities

Credit Ratings

Companies that sell annuities receive credit ratings, also known as financial strength ratings, based on their overall financial stability. Independent credit rating agencies like A.M. Best give scores to annuity providers to give consumers an idea of how likely it is that the company will be able to meet its insurance obligations.

SILAC has a financial strength rating from only one major credit rating agency. AM Best gives SILAC a B+ score, which indicates a “good” rating of the company’s overall financial stability.

Annuities Offered by SILAC Insurance

SILAC Insurance Company offers two types of annuities to help their customers grow their retirement savings. The company’s fixed index annuities offer greater potential for accumulation, while its multi-year guaranteed annuity products provide predictable, steady returns.

Fixed Index Annuities

The majority of SILAC’s annuity offerings are fixed index annuities (FIAs). This type of annuity helps consumers reach their retirement savings goals while insuring their savings against financial risks like market volatility. The interest an FIA accumulates is tied to the growth of an equity market index, but the product still pays a minimum fixed rate no matter how the index performs.

SILAC offers three groups of FIA products to help consumers choose an annuity that best suits their needs. The Vega series is focused on the accumulation of retirement income, with a variety of income and benefit options annuity owners can customize for their unique situation.

SILAC’s Denali series offers both accumulation and guaranteed lifetime income but still provides flexibility. Denali annuity owners can choose from seven-, 10- and 14-year accumulation periods depending on their needs.

Finally, the SILAC Teton series provides up to eight indexed crediting options along with a fixed interest rate, meaning that annuity owners can strategize which index will provide the greatest return on their investment. Teton FIA products also come with annual free withdrawal, cumulative withdrawal, wealth transfers and other benefits automatically included at no extra charge.

Multi-Year Guaranteed Annuities

For consumers who want an even more reliable rate of return, SILAC offers multi-year guaranteed annuity (MYGA) products. These annuities offer a guaranteed fixed rate of return for a set number of years. They’re not tied to the performance of the equity market like an index annuity, and many MYGAs allow the owner to withdraw a certain amount from the contract each year.

SILAC’s Secure Savings and Secure Savings Elite MYGA products offer competitive fixed interest rates. Customers can choose a two-year or five-year rate guarantee period when purchasing the annuity. These MYGA products also come with annual free withdrawals, plus the benefits of full account value at death and spousal continuation included free of charge.

Annuity rates on a phone

Purchase an Annuity Today

Learn how an investment today can provide guaranteed income for life.

Client Resources

To help address their clients’ unique needs, SILAC employs a team of what they call Annuity Customer Experience Specialists (ACES). These specialists provide personalized services to SILAC customers and can be reached via phone, by e-mail or in writing.

Additionally, SILAC customers can access relevant annuity forms online:

  • Request to Change Beneficiary Form
  • Annuitant-Ownership Service Form
  • Annuity Death Claim Form
  • Systematic Withdrawal Form

If you have an annuity with SILAC Insurance Company, you can log into your account at:

SILAC’s Client Portal

About Annuity.org

Annuity.org has provided reliable, accurate and trustworthy financial information to readers since 2013. We partner with professionals like those from Senior Market Sales (SMS), a market leader with over 30 years of experience in the insurance industry, to offer personalized retirement solutions for consumers across the country.

Any information offered about the company above is provided free of charge and individual product offerings are verified and accurate as of publication.

Our partners work with the provider companies mentioned on our site. However, Annuity.org is not a service provider. Actual products, terms and rates offered through the above company are subject to in-state availability and a variety of other factors. Visit the Our Partners page for additional information.

Please seek the advice of a qualified professional before making financial decisions.
Last Modified: June 30, 2023