What You Need to Know Before Buying
Company Background and Reliability
- Founded: 1935 (originally as Equitable Life & Casualty Insurance Company; rebranded to SILAC in 2019)
- Years in Business: 91 years (as of 2026)
- Headquarters: Salt Lake City, Utah
- Company Overview: SILAC specializes in fixed annuities and fixed indexed annuities (FIAs). The company has grown rapidly in the independent annuity distribution market, gaining attention for competitive rates and straightforward products.
- Why It Matters: While not as old or diversified as some competitors, SILAC focuses almost exclusively on annuities. This specialization makes it appealing for buyers seeking simplicity and competitive returns from a dedicated annuity provider.
Financial Strength and Ratings (2026)
- A.M. Best: B (Fair)
- S&P: Not Rated
- Moody’s: Aa1
- Fitch: Not Rated
- Comdex Score: 36
- Why It Matters: SILAC’s B rating is below the industry’s top tiers. While it shows adequate claims-paying ability, its lower score compared to A and A+ carriers means buyers should weigh higher yields against reduced financial strength.
Fixed Annuity Interest Rates
SILAC often posts competitive MYGA rates, but comparing them against the best fixed annuity rates from A and A+ rated carriers is essential to balance high yield with long-term security for November 2026.
Fixed Income Payout Rates
These are the highest fixed lifetime income payout rates for November 2026. While SILAC is competitive in accumulation annuities, compare its guaranteed income payouts carefully against larger, higher-rated insurers to ensure the best retirement paycheck.
How to Compare SILAC with Other Companies
- Specialized Strength: Focused heavily on annuities, particularly MYGAs and FIAs.
- Financial Stability: B+ rating reflects moderate strength, lower than most top-rated annuity providers.
- Product Range: Concentrated on annuity products without the broad diversification of larger insurers.
- Independent Benchmarking: Always compare SILAC’s higher yields with the stronger financial backing of A+ or AA-rated carriers.
Why Use an Independent Annuity Broker
- Buying direct limits you to SILAC’s offerings.
- Independent brokers compare SILAC against dozens of other carriers.
- This ensures you secure the best combination of rate competitiveness and insurer strength.
- Brokers cost you nothing—insurance companies pay commissions.
Application Process (Step-by-Step)
- Get a Quote: Compare SILAC’s MYGA and FIA rates against other insurers.
- Select a Product: Select from its range of fixed and indexed annuities.
- Submit an Application: Provide personal, financial, and beneficiary details.
- Funding Options: Use non-qualified funds, IRAs, Roth IRAs, or 401(k) rollovers.
- Contract Issuance: Once approved and funded, your annuity begins growing at the guaranteed rate or paying retirement income.
Other Insurance to Consider
- Life Insurance: Protects loved ones and can restore lost funds if you annuitize.
- Long-Term Care Insurance: Covers nursing home or in-home care costs.
- Disability Insurance: Secures income for working individuals before retirement.
Final Advice
SILAC Insurance Company has carved out a niche in the fixed annuity market with competitive MYGA and FIA rates. While its B+ rating makes it less financially secure than A-rated insurers, it remains an option for buyers prioritizing yield. Always compare SILAC’s offerings with those of higher-rated carriers before making a final decision.
Why Choose The Annuity Expert
- Our service is free of charge, with no obligation.
- Access the largest selection of annuity products in the United States.
- Advisors guide you through every step for a stress-free experience.
Contact The Annuity Expert today for free quotes. We’ll help you find the highest fixed annuity interest rates to grow your savings or the strongest guaranteed income payouts for retirement.
Book A Free Consultation
Get help from a licensed financial professional. This service is free of charge.
Let Us Answer Your Questions
Not quite ready for a meeting, but you have a question that needs answering? We’re happy to help. Leave an inquiry below, and one of our staff will respond via email.