SILAC Insurance Company

What SILAC Insurance Company does

SILAC Insurance Company is a U.S. life insurance and annuity provider headquartered in Salt Lake City, Utah, founded in 1935 and operating across 48 states plus the District of Columbia. The company underwrites a diversified product portfolio anchored by Fixed Indexed Annuities (FIAs) and Multi-Year Guaranteed Annuities (MYGAs), supplemented by legacy Medicare Supplement and Long-Term Care policies. SILAC's FIA product family includes accumulation products (Denali, Teton), income products (Evolve), and legacy products (Vega), with optional Elevation riders providing enhanced liquidity. Each FIA links crediting strategies to external indexes including Bloomberg Versa 10, S&P 500 Duo Swift, Nasdaq Generations 5, S&P 500 RavenPack AI, and Barclays Atlas 5, several of which are exclusive to SILAC and co-developed with index providers including Bloomberg, RBC Capital Markets, Salt Financial, and RavenPack.

SILAC distributes through independent agents, Independent Marketing Organizations (IMOs), and licensed financial advisors, with a tiered loyalty program (Horizon, Inner Circle, Ember) that pays bonuses up to 2.0% based on qualifying premium volume. The company supplements its agent channel with direct-to-consumer outreach via TV and radio (including a Bob and Tom radio partnership) that drives lead flow back to producers. In February 2026, SILAC activated a real-time, standards-based case intelligence API through Magnifact's AgentVizion platform, aligning with the Insured Retirement Institute's Digital First for Annuities framework. The company holds an AM Best B (Fair) financial strength rating currently under review with developing implications following the December 2025 definitive agreement for Hildene Capital Management to acquire SILAC, Inc. for approximately $550 million, with closing expected mid-2026 pending regulatory approval.

Revenue is generated primarily through insurance premium collection and investment spread on annuity reserves, with reinsurance provided through a multi-billion-dollar quota share arrangement with Ludlow Re. SILAC also operates a subsidiary, Sterling Investors Life Insurance Company, supporting life insurance operations out of Winston-Salem, North Carolina.

Name

SILAC Insurance Company

Legal name

SILAC Insurance Company

Website

https://silacins.com

Company type

Private

Founded year

1935

Operating status

Operating

Headcount range

501–1,000 employees

Short description

SILAC Insurance Company is a Utah-based life insurance and annuity provider founded in 1935, offering Fixed Indexed Annuities, Multi-Year Guaranteed Annuities, Medicare Supplement, and Long-Term Care products. The company distributes through independent agents and IMOs across 48 U.S. states, leveraging proprietary index partnerships with Bloomberg, S&P, Nasdaq, Barclays, and RavenPack.

Ownership category

akta.pro rank

Product category

Annuity Insurance

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Direct Health and Medical Insurance Carriers (524114)

SIC

Life Insurance (6311), Insurance Carriers, Nec (6399)

akta.pro primary industry

Multi-Year Guaranteed Annuities (MYGA) (FSAIACAK)

akta.pro secondary industry

Annuity + LTC / Long-Term Care Riders (FSAIAJAC)

Keywords

• Fixed indexed annuities
• Multi-year guaranteed annuities
• Retirement income products
• Medicare supplement insurance
• Long-term care insurance

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Others

Revenue model

1. Fixed Indexed Annuities (FIAs): Fixed indexed annuities that provide accumulation tied to external index performance with principal protection. Revenue generated through premium payments and investment spread.
2. Multi-Year Guaranteed Annuities (MYGAs): Fixed interest rate annuities with guaranteed rate periods of 2, 3, or 5 years. Revenue from premium accumulation and spread.
3. Medicare Supplement Insurance: Medicare Supplement policies for healthcare coverage gaps, generating premium revenue.
4. Long-Term Care Insurance: Long-term care policies providing coverage for extended care services, generating premium revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

SILAC Insurance Company sells fixed annuity products — Multi-Year Guaranteed Annuities (MYGAs) and Fixed Indexed Annuities (FIAs) — to U.S. consumers for retirement accumulation, lifetime income, and legacy planning. The company's MYGA lineup (Secure Savings™ and Secure Savings™ Elite) provides guaranteed fixed interest rates across 2-, 3-, and 5-year terms, while its FIA lineup (Denali™, Teton®, Evolve™, Vega®) links growth to external market indexes with principal protection. SILAC also underwrites Medicare Supplement Insurance and Long-Term Care Insurance, distributing its products primarily through licensed agents, IMOs, and financial advisors.

Product overview

SILAC Insurance Company offers a comprehensive suite of fixed annuity products consisting of two main categories: Multi-Year Guaranteed Annuities (MYGAs) and Fixed Indexed Annuities (FIAs). The MYGA lineup includes Secure Savings™ and Secure Savings™ Elite, which provide guaranteed fixed interest rates with liquidity provisions across 2-, 3-, and 5-year terms. The FIA lineup includes accumulation products (Denali™, Teton®), income products (Evolve™), and legacy products (Vega®), with optional riders Elevation™ and Elevation Plus™ that provide enhanced liquidity and premium bonuses. Each FIA can be tied to various external indices including the Barclays Atlas 5, S&P 500 Duo Swift, Nasdaq Generations 5, S&P 500 RavenPack AI, and Bloomberg Versa 10 indexes, which determine crediting strategies. The company also provides an agent-facing Suitability Pre-Sale Tool for pre-application suitability checks, and real-time case intelligence via Magnifact API integration for distribution partner communication.

Differentiator

Problem solved

Functional benefit

Products and services

• Secure Savings™ Flagship Multi-Year Guaranteed Annuity (MYGA) series providing guaranteed fixed interest rates with built-in liquidity provisions. Offers 2-, 3-, and 5-year rate guarantee periods with annual free withdrawals and spousal continuation automatically included. Sold through licensed insurance agents to retirement-age consumers seeking guaranteed accumulation.
• Secure Savings™ Elite Multi-Year Guaranteed Annuity series offering the highest guaranteed fixed interest rates with customizable options. Includes 2-, 3-, and 5-year rate guarantee periods with optional free withdrawal benefits available for a reduced rate. Spousal continuation at death automatically included. Sold to consumers prioritizing maximum guaranteed returns.
• Denali™ Fixed Indexed Annuity series providing retirement accumulation protected from market downturns while maintaining access to funds. Offers growth plus access through multiple crediting strategies including fixed interest and indexed options. Targets consumers seeking principal-protected market-linked growth.
• Teton® Fixed Indexed Annuity series specializing in accumulation. Available in 5-, 7-, 10-, and 14-year versions as a modified single premium fixed indexed annuity. Automatically includes fixed interest and a variety of indexed crediting strategies. Sold to consumers seeking long-term accumulation with index-linked growth.
• Evolve™ Fixed Indexed Annuity series focused on income with guarantees where needed and flexibility where desired. Designed to prepare for life's uncertainties and provide lifetime income streams. Sold to consumers seeking guaranteed lifetime income alongside growth potential.
• Vega® Legacy Fixed Indexed Annuity series focused on accumulation of retirement benefits with multiple income options, growth, and enhanced legacy benefit. Comprehensive FIA with benefit value automatically included. Targets consumers prioritizing wealth transfer and legacy planning for beneficiaries.
• Medicare Supplement Insurance Medicare Supplement policies providing supplemental healthcare coverage to Medicare beneficiaries, addressing Medicare Part A deductibles and other coverage gaps. Includes access to hospital inpatient deductible discounts through the USA Senior Care Network. Sold to Medicare-eligible individuals.
• Long-Term Care Insurance Long-term care policies providing coverage for extended care services including facility care, home care, and family caregiver services. Generates recurring premium revenue and addresses extended care cost risk for policyholders.

Quantifiable outcome

• Bloomberg Versa 10 Index demonstrates strong historical performance with lower volatility
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• MagnifactcoreTechnology or Integration · 26 February 2026SILAC partnered with Magnifact to activate real-time, standards-based case intelligence infrastructure through the AgentVizion API Services platform. The deployment aligns with Insured Retirement Institute's Digital First for Annuities standards, enabling automated case status updates to distribution partners and replacing manual processes.
• RBC Capital MarketscoreStrategic or Co-development Partner · 22 January 2026RBC Capital Markets collaborated with SILAC and Bloomberg to develop the new Bloomberg Versa 10 Index (BVERSA10), aimed at improving market responsiveness and performance stability in the insurance sector. The index demonstrates strong historical performance with lower volatility.
• BloombergcoreTechnology or Integration · 22 January 2026Bloomberg collaborated with RBC Capital Markets and SILAC to develop the Bloomberg Versa 10 Index (BVERSA10), a multi-asset index targeting 10% volatility across U.S. Equities, Treasuries, Gold, and U.S. Dollar. The index is available exclusively on SILAC fixed indexed annuities.
• S&P Dow Jones IndicescoreTechnology or Integration · 13 September 2023S&P Dow Jones Indices licenses the S&P 500 Duo Swift Index to SILAC for use in fixed indexed annuities. The index provides volatility-controlled exposure through a 10-year Treasury bond component with 12.5% volatility target.
• Ludlow RecoreOthers · 9 January 2023Ludlow Re entered a multi-billion-dollar quota share agreement with SILAC as part of SILAC and Hildene's long-term strategic alliance, providing reinsurance capacity for SILAC's annuity portfolio.
• NasdaqcoreTechnology or IntegrationNasdaq collaborated with Salt Financial and SILAC to develop the Nasdaq Generations 5 Index, providing access to disruptive innovators and market leaders. The index targets 5% volatility and is available exclusively on SILAC fixed indexed annuities.
• RavenPackcoreTechnology or IntegrationRavenPack's AI technology powers the S&P 500 RavenPack AI Index, which determines which sectors of the S&P 500 are attracting highest sentiment and allocates accordingly, targeting 5% volatility. Available on all SILAC fixed indexed annuities.
• BarclayscoreTechnology or IntegrationBarclays provides the Barclays Atlas 5 Index, offering global diversification through a diversified portfolio of global equities and bonds targeting 5% volatility. Available on SILAC fixed indexed annuities.
• Salt FinancialcoreTechnology or IntegrationSalt Financial licenses its truVol Risk Control Engine technology to power volatility-targeted indexes including Bloomberg Versa 10 (10% volatility target) and Nasdaq Generations 5 (5% volatility target) used in SILAC annuity products.
• NAPA (National Association of Professional Agents)minorChannel Partner/ Reseller/ DistributorNAPA provides SILAC Insurance Company professionals access to Errors and Omissions insurance programs, Cyber & Data Breach Insurance, and other benefits tailored to insurance and financial professionals.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Athene Holding: One of the largest US FIA providers, operating as a broad incumbent with significantly larger scale and stronger financial ratings than SILAC. Directly competes in the same FIA and MYGA categories through similar agent distribution.
• Global Atlantic Financial Group: A major US life and annuity provider with a substantial FIA business distributed through independent advisors. Comparable to SILAC in fixed annuity focus but at significantly larger scale.
• Corebridge Financial: A major US life and retirement carrier with substantial FIA market share. Competes directly with SILAC in fixed annuities but operates at significantly larger scale with broader product offerings.
• Brighthouse Financial: A large US annuity and life insurance provider with strong FIA franchise. Directly competes with SILAC in fixed indexed annuities but at substantially larger scale and with stronger financial ratings.
• Allianz Life Insurance Company: A top-tier US annuity carrier with significant FIA market share and strong financial ratings. Competes with SILAC in fixed indexed annuities distributed through independent agents.
• Nationwide Financial: A diversified financial services provider with a strong fixed annuity franchise including FIA and MYGA products. Competes with SILAC across the same product categories distributed through agents and advisors.

Direct peers

• EquiTrust Life Insurance Company: A fixed annuity specialist offering FIA and MYGA products primarily through independent marketing organizations. Highly comparable to SILAC in product suite, distribution model, and target market.
• Security Benefit Corporation: A mid-sized annuity carrier offering fixed indexed annuities and MYGAs through independent advisors. Similar scale and product positioning to SILAC with comparable agent-focused distribution.
• F&G Annuities & Life: A growth-oriented annuity and life insurance carrier specializing in FIAs and MYGAs distributed through independent agents. Closely comparable to SILAC in product mix, distribution channel, and target customer segment.
• American Equity Investment Life Insurance: A leading US fixed indexed annuity writer with a similar product focus on FIAs and MYGAs distributed through independent agents and IMOs, directly comparable to SILAC's core business and distribution model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/silacins
• Xx.com/silacins

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SILAC Insurance Company