WHO WE ARE

ABOUT SILAC INSURANCE COMPANY

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 47 states and the District of Columbia. SILAC is licensed as SILAC Life Insurance Company in the state of California, license #6244-8.

OUR MISSION

Experience from the past. Excellence in the present. Innovation for the future.

We’re invested in securing your legacy and ours.

OUR VISION

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

OUR CORE VALUES

Adaptability & Continuous Improvement

Transparency & Trust

Honesty & Integrity

Teamwork & Collaboration

Forward-Thinking & Innovation

Gratitude & Compassion

RECENT ACCOLADES

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A BRIEF HISTORY...

Image of downtown Salt Lake City
1935

Proudly founded in Salt Lake City, Utah with a borrowed $20

Remains Utah’s oldest active life insurance company

2016

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

Best Companies to Work for Utah Business
2017

Acquired by SILAC, Inc.

Shifted focus to begin offering annuities

Received a Regional Top Workplace designation

2018

Released our first annuity, the Secure Savings MYGA Series - focused on guaranteed accumulation

SILAC Secure Savings Image
SILAC Teton Image
2019

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*

2020

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

SILAC Denali Image
Top Workplaces 2020-2021
2021

Released our proprietary top US sector Index on all SILAC FIAs - the
CS RavenPack AI index

Received a Regional Top Workplace designation

2022

Released the Vega FIA series - focused on income & wealth transfer benefits

Received a NATIONAL Top Workplace designation

Named a Top Workplace for Financial Services

Awarded Top Workplace for Employee Benefits & Compensation

Awarded Top Workplace for Great Leadership

SILAC Vega image