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    Jennifer Schell

    Jennifer Schell

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    Jennifer Schell joined in 2022. She is a professional writer with more than three years of experience creating content for a variety of industries ranging from travel to tax accounting. She combines her strong writing skills and her passion for educating others to write engaging and informative financial content for

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  • Updated: December 19, 2022
  • 4 min read time
  • This page features 8 Cited Research Articles
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How to Cite's Article

APA Schell, J. (2022, December 19). SILAC Insurance Company. Retrieved January 27, 2023, from

MLA Schell, Jennifer. "SILAC Insurance Company.", 19 Dec 2022,

Chicago Schell, Jennifer. "SILAC Insurance Company." Last modified December 19, 2022.

Why Trust
Why You Can Trust 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 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 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 Additionally, 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. However, the rating agency placed SILAC’s B+ status under review in 2021 and is currently reviewing the rating as of April 2022.

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.

Interested in Buying an Annuity?
Learn about the different types of annuities and find out which one is right for you.

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:

About 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, 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: December 19, 2022

8 Cited Research Articles writers adhere to strict sourcing guidelines and use only credible sources of information, including authoritative financial publications, academic organizations, peer-reviewed journals, highly regarded nonprofit organizations, government reports, court records and interviews with qualified experts. You can read more about our commitment to accuracy, fairness and transparency in our editorial guidelines.

  1. Business Wire. (2022, March 10). AM Best Maintains Under Review With Developing Implications Status for Credit Ratings of SILAC Insurance Company. Retrieved from
  2. Business Wire. (2020, August 31). Equitable Life & Casualty Insurance Company Changes Corporate Name to SILAC Insurance Company. Retrieved from
  3. SILAC Insurance Company. (n.d.) Common Forms. Retrieved from
  4. SILAC Insurance Company. (n.d.) Contact Us. Retrieved from
  5. SILAC Insurance Company. (n.d.) Fixed Index Annuities. Retrieved from
  6. SILAC Insurance Company. (n.d.) Multi-Year Guarantee Annuities. Retrieved from
  7. SILAC Insurance Company. (n.d.) Policyowner Services. Retrieved from
  8. SILAC Insurance Company. (n.d.) Product Offerings. Retrieved from