SILAC DENALI™ SERIES
The Denali ™ Series is designed to help meet your long-term retirement savings needs. It includes a withdrawal charge period. If you withdraw more than the free amount allowed during the withdrawal charge period, a withdrawal charge, market value adjustment and bonus recovery, if applicable, will be applied. These charges do not apply to lifetime withdrawals, wellness withdrawals, free withdrawals, RMDs, nursing home withdrawals, terminal illness withdrawals, home health care withdrawals, income payments or death benefits. For more information, please see your Certificate of Disclosure. If you withdraw an amount that exceeds the free withdrawal amount during the withdrawal charge period, you will incur a withdrawal charge. Withdrawal charges do not apply after the withdrawal charge period ends. In part, withdrawal charges allow us to invest your money on a long- term basis and generally credit higher interest than possible with a similar annuity of shorter term. A Market Value Adjustment (MVA) applies to any withdrawal to which a withdrawal charge applies. It can either increase or decrease the amount you will receive. It does not apply after the withdrawal charge period ends. INTEREST BONUS RECOVERY Interest bonus recovery will apply to any withdrawal to which a withdrawal charge applies. The interest bonus recovery schedule is a percentage of the annuity’s interest credits. The amount recovered is equal to the account value less any premiums and includes interest credits. Interest bonus recovery percentages decline with time, meaning that less is recovered over the annuity’s withdrawal charge period. It does not apply after the withdrawal charge period ends. In part, interest bonus recovery allows us to credit higher interest than would have been possible otherwise and offer a lifetime withdrawal benefit.
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