Proudly founded in Salt Lake City, Utah with a borrowed $20
Remains Utah’s oldest active life insurance company
PRODUCERSPOLICYHOLDERS
During the Great Depression, we went on a mission to help people; and with a borrowed $20 bill, our great company was formed. Those humble beginnings - and our initial mission of caring for others - have remained at the forefront ever since. We now celebrate nearly 90 years of providing straightforward & competitive products for clients, delivering best-in-class service to our agents & business partners, and propelling the success of our employees. SILAC® will continue to draw on its long history but also look towards the future, developing products for our current and future policyholders in order to help with their savings and retirement needs, as well as the ability to leave a financial legacy for their family.
Our identity evolved after entering the annuity space in 2018; and we continue our commitment to be an adaptable, innovative, and trustworthy insurance company in the days ahead. We know our policyholders & distribution partners all have options; and we are focused on SILAC® being your #1 choice. We are proudly licensed in 48 states and the District of Columbia. SILAC® is licensed as SILAC Life Insurance Company in the state of California, license #6244-8.
Experience from the past. Excellence in the present. Innovation for the future.
We’re invested in securing your legacy and ours.
Remain an industry leader by:
providing clean, simple, and competitive products,
delivering best-in-class service, and
propelling the success of our agents, clients, business partners, and employees
Proudly founded in Salt Lake City, Utah with a borrowed $20
Remains Utah’s oldest active life insurance company
Received A REGIONAL Top Workplace designation for the first time
Received Best Companies to Work For award by Utah Business Magazine for a second time
Acquired by SILAC, Inc.
Shifted focus to begin offering annuities
Received a Regional Top Workplace designation
Released our first annuity, the Secure Savings™ MYGA Series - focused on guaranteed accumulation
Released our first fixed index annuity, the Teton Series - focused on accumulation
Received WINK’s Trailblazer Award for Total Multi-Year Guaranteed Annuity sale
*Surpassed $1 Billion of written annuity premium within one calendar year*
Officially changed our name to SILAC Insurance Company®
Named 3rd Fastest Growing Life Insurance Company by S&P Global Market Intelligence
Released the Denali FIA series - focused on accumulation & lifetime income
Launched our proprietary global index, Barclays Atlas 5, on all SILAC® FIA products
Received a Regional Top Workplace designation
Released our proprietary top US sector Index on all SILAC FIAs - the
RavenPack AI index
Received a Regional Top Workplace designation
Released the Vega® FIA series - focused on income & wealth transfer benefits
Received a NATIONAL Top Workplace designation
Launched our proprietary Nasdaq Generations 5 Index - Giving Access to both Nasdaq 100 and Nasdaq Next Gen 100
Awarded Top Workplace for Great Leadership
Named a Top Workplace - Financial Services
Our RavenPack AI Index is named Index of the Year by Structured Retail Products
Received a Regional Top Workplace Designation