AIP Marketing Alliance Adds SILAC for Fixed Indexed Annuities
As consumer interest continues to grow in lifetime guaranteed income annuity products, AIP Marketing Alliance has added SILAC to its annuity carriers available to our independent wholesalers and agents.
Based in Salt Lake City, Utah, SILAC has been a pioneer in emerging markets throughout its 80+ year history. SILAC, Inc. purchased SILAC Insurance Company in April 2017 bringing both access to capital and strong, experienced leadership. SILAC is licensed in 46 states and the District of Columbia.
At this time, AIPMA will focus mainly on SILAC’s fixed index annuities, which consist of two main product lines – the Denali™ Series and the Teton™ Series.
- Denali Series: The Denali Annuity Series is a modified single premium fixed indexed annuity with a focus on both accumulation and lifetime income and includes two series: Denali and Denali Bonus. Both are designed to help provide your clients with elevated retirement benefits. This series is powered by the performance of 2 external market indices. Funds may be allocated to several indexed crediting strategies and a fixed interest strategy. The Denali Bonus series includes a premium bonus. Both series includes lifetime withdrawals, wellness withdrawals, free withdrawals, and liquidity benefits. For state variations, review the Product Highlight sheets. The Death Benefit is equal to the Account Value.
- Teton & Teton Bonus Series: The Teton Series is a fixed indexed annuity specializing in accumulation and includes two series: Teton and Teton Bonus. Both are designed to help your clients achieve their goals for retirement savings. This series is powered by the performance of an external market index. Funds may be allocated to a number of indexed crediting strategies and a fixed interest strategy. The Teton Bonus series includes a premium bonus. Both series includes free withdrawals and liquidity benefits in the case your client needs access to their funds. For state variations, review the Product Highlight sheets. The Death Benefit is equal to the Account Value.
“SILAC’s fixed indexed annuities are gaining a lot of momentum in the insurance industry, and based on their popularity and our members’ demand, AIPMA understood the need to add SILAC to our growing carrier offerings,” said Rick Kisser, Chief Executive Officer. “We believe in providing our valued members and agents with multiple carriers and product lines, so agents can help their clients to find a solution that best aligns with their clients’ retirement strategy.”
For AIPMA wholesalers, your downline agents can get contracted online with SILAC through your recruiter portal or by logging into AIPMA’s Agent Tools at aipma.com. Agents also can get contracted with SILAC by logging in through AIPMA’s online contracting platform in Agent Tools.
If you would like SILAC product guides, sales and marketing materials, or an illustration, please contact AIPMA’s Business Development team at (800) 783-5206 Press #2 or firstname.lastname@example.org.
SILAC is licensed as SILAC Life Insurance Company in the state of California, license #6244-8.
*Withdrawal charges, bonus recovery, & market value adjustment may apply to withdrawals made during the withdrawal charge period. Interest accumulation will never be less than 0%. Index crediting strategies contain caps, participation rates and spreads that may affect the interest credited in a given year. Product availability may vary by state. This is a product of the insurance industry and not guaranteed by any bank, nor insured by FDIC or NCUA/NCUSIF. Not a deposit. Not insured by a federal government agency. Restrictions apply. May only be offered by a licensed insurance agent. *FOR AGENT USE ONLY*
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For more than 40 years, AIP Marketing Alliance (AIPMA) serves as a premier life insurance and annuity distribution partner to provide full-service support to independent wholesalers, brokerages and agents from our Troy, Michigan office. Copyright 2022