Is SILAC a Good Insurance Company?
Over 100 Carriers to Quote From. Here are a few of them!
Is SILAC a good insurance company? At Diversified Insurance Brokers, we work with more than 100 top-rated carriers to help retirees, pre-retirees, and families find the right annuity and insurance solutions. SILAC Insurance Company, originally founded in 1935, has become one of the fastest-growing names in the fixed and fixed indexed annuity market. Known for competitive rates, innovative product features, and flexible income options, SILAC has earned a strong reputation for helping clients protect their savings and create guaranteed retirement income.
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About SILAC Insurance Company
SILAC is based in Salt Lake City, Utah, and has redefined itself in recent years as a leading provider of innovative annuity solutions. The company specializes in fixed and fixed indexed annuities designed to meet the needs of retirees and conservative investors. With strong financial stability and a focus on client satisfaction, SILAC has earned trust among advisors and policyholders nationwide.
Popular SILAC Products
- Teton Series Fixed Indexed Annuities: Offers multiple crediting strategies, competitive bonuses, and income rider options.
- Multi-Year Guaranteed Annuities (MYGAs): Provides guaranteed interest rates for set terms with no market risk.
- Income Riders: Turn savings into predictable lifetime income streams.
- Accumulation-Focused FIAs: Designed for long-term growth potential with downside protection.
Who SILAC Is a Good Fit For
- Retirees seeking guaranteed income
- Pre-retirees locking in competitive interest rates
- Investors wanting a blend of growth potential and principal protection
- Those seeking strong bonuses and flexible income options
Pros of SILAC
- Competitive rates and product features
- Strong bonuses on certain FIAs
- Flexible crediting strategies
- Well-regarded service and advisor support
Considerations
- Relatively smaller compared to the largest national carriers
- Product availability can vary by state
Our Take
At Diversified Insurance Brokers, we see SILAC as an excellent choice for retirees and pre-retirees seeking competitive fixed indexed annuities and MYGAs. Their strong bonus structures, multiple crediting strategies, and income guarantees make them especially appealing for clients looking to balance growth potential with safety. If you want to secure guaranteed income or lock in a competitive rate, SILAC is worth serious consideration.