SILAC Secure Savings Annuity – Fixed Growth with Liquidity and Stability
Grow Your Retirement Safely with Fixed Returns
At Diversified Insurance Brokers, we help clients protect their nest eggs while earning competitive, guaranteed returns. The SILAC Secure Savings Fixed Annuity, issued by SILAC Insurance Company, is a smart option for those who want predictable growth, principal protection, and liquidity—without any exposure to market volatility.
Whether you’re preparing for retirement or reallocating a portion of your portfolio for safety, this fixed annuity offers a clear path to stable wealth accumulation.
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Why SILAC Secure Savings Stands Out
The SILAC Secure Savings annuity is built for stability-minded savers who want to grow money at a guaranteed rate, keep principal protected, and retain practical access to funds along the way. Unlike market-based products, your account value isn’t exposed to equity volatility—your contract grows at a rate you selected at issue and can be counted on to compound throughout the guarantee period.
This MYGA structure can work especially well for pre-retirees who need a safe parking place for cash earmarked for near- to mid-term goals, retirees who want to lock in today’s rates, and anyone coming out of CDs or money markets who prefers tax-deferred growth and more flexible renewal choices at maturity.
Guaranteed Growth on Your Terms
The Secure Savings annuity offers guaranteed interest rates locked in for 2, 3, or 5 years, depending on your selected term. This structure provides the safety of a CD with the tax advantages of an annuity. Your earnings grow tax-deferred, giving your money more time to compound before taxes come due.
For those looking for a little extra, the Secure Savings Elite option adds enhanced interest and even more flexible liquidity features. Elite can be useful if you anticipate the need to access more than standard provisions or want the potential for a higher credited rate for the same term length (availability varies).
Access to Your Money Without Penalties
After the first year, policyholders can withdraw up to 10% of the contract value each year, penalty-free. That gives you access to cash if needed—something most other fixed instruments don’t allow. If you’re taking Required Minimum Distributions (RMDs) from a qualified contract, those amounts generally qualify under the penalty-free provisions, keeping your plan compliant without extra charges.
In addition, both the base and Elite versions provide flexible renewal options at the end of your term. You can roll into a new guarantee period (to keep compounding tax-deferred), move funds to a different annuity type, or take a full distribution if your goals have changed.
Strong Legacy Benefits
If you pass away during the contract term, your beneficiaries receive the full account value—no surrender charges or penalties—helping you pass assets efficiently. This makes Secure Savings a practical tool for estate planning, especially for families who want to keep risk low and transfers simple. Beneficiary settlement options vary; your advisor will outline the choices that match your family’s needs.
Is This Annuity Right for You?
- Fixed, predictable growth: You prefer known outcomes, not market swings.
- Principal protection: You want contractually guaranteed safety for your savings.
- Tax-deferred compounding: You value deferring taxes while your balance grows.
- Practical liquidity: 10% annual access (after year one) supports real-life needs.
- Simplified legacy: Full account value to beneficiaries, avoiding penalties at death.
How People Use Secure Savings in a Plan
CD Alternative: Savers roll maturing CDs into a 3- or 5-year Secure Savings term to lock in rates for longer, often with higher crediting and the added benefit of tax deferral.
Yield “Bridge”: Retirees set aside 2–5 years of income needs in a MYGA so the rest of the portfolio can weather market cycles without forced selling.
Ladder Strategy: Splitting funds across 2-, 3-, and 5-year terms can balance today’s yield with the flexibility to reposition as rates change.
What to Know About Early Withdrawals
The annuity is designed to be held for the full guarantee period. Withdrawals above the free amount may be subject to surrender charges and, when applicable, a market value adjustment (MVA). If you think you’ll need more than 10% annually, or you anticipate a large expense, let us help size the free-liquidity provisions or consider Elite where available.
Putting It All Together
The SILAC Secure Savings (and Secure Savings Elite) combines guaranteed interest, principal protection, and useful liquidity into a straightforward package that’s easy to plan around. Whether you’re coming from CDs, sitting in cash, or rebalancing a retirement portfolio, this MYGA can create a stable base that supports the rest of your strategy.
Is This Annuity Right for You?
The SILAC Secure Savings Annuity is ideal for:
- Individuals who want fixed, predictable growth
- Retirees or pre-retirees seeking principal protection
- Investors moving assets from CDs or low-yield savings
- Clients seeking tax-deferred growth with liquidity
- Families wanting to include a simple, guaranteed estate benefit
Talk to an Advisor or Request Your Annuity Quote
Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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FAQs: SILAC Secure Savings Annuity
What type of annuity is SILAC Secure Savings?
It’s a multi-year guaranteed annuity (MYGA). Your interest rate is fixed and guaranteed for a selected term (typically 2, 3, or 5 years depending on availability).
How does the guaranteed interest work?
Your premium earns a fixed rate for the entire term you choose. The rate is locked at issue and does not change during your guarantee period.
Are earnings tax-deferred?
Yes. Interest compounds tax-deferred until you withdraw funds. In qualified accounts (like IRAs), distributions are taxed according to IRA rules.
Can I access my money during the term?
After contract year one, you can generally withdraw up to 10% of the contract value each year without surrender charges. Larger withdrawals may incur charges and a market value adjustment (if applicable).
What is the difference between Secure Savings and Secure Savings Elite?
Elite typically offers enhanced interest and/or additional liquidity features compared to the base contract. Exact features vary by state and issue date—review the disclosure for details.
What happens when my guarantee period ends?
At maturity, you’ll have renewal options: roll into a new term, move funds to another strategy or annuity, or take a full distribution without surrender charges.
Are there waivers for health events or RMDs?
Contracts commonly include RMD-friendly access and may include waivers for qualifying nursing home confinement or terminal illness (varies by state and form). Check your specific contract for eligibility and timing rules.
What do beneficiaries receive if I pass away?
Beneficiaries receive the full account value (no surrender charges at death). They can typically choose a lump sum or other settlement options based on the contract.
What are typical issue ages and minimum premiums?
Minimums and eligible ages depend on the specific product version and state. Your advisor will confirm current thresholds at the time of application.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
