What to do when a SILAC account holder dies
Report the death to SILAC's Annuity Death Claims at 1-833-889-0910
Filing a death claim on a SILAC policy begins with notifying the Annuity Death Claims at 1-833-889-0910. Life insurance claims are separate from probate—proceeds transfer directly to named beneficiaries regardless of whether the estate goes through court. The timeline and documentation requirements depend on the policy type and cause of death.
To start, call SILAC at 1-833-889-0910. Have the account holder's full name, account numbers, and the death certificate ready before you call.
Death claim process
The death claim process at SILAC works as follows:
Filing a claim
- Standard: Annuity Death Claim Form
- California: Annuity Death Claim Form, California
- Iowa: Annuity Death Claim Form, Iowa
- Lump sum
- Income payment
- Deferral
- Transfer, rollover, or 1035 exchange to another company (complete section E)
- Spousal continuation: only for a spouse who is the sole beneficiary or joint owner, and not available on an inherited IRA
- Vega and Vega Bonus: the Enhanced Death Benefit pays the benefit value over 5 years
- By mail: SILAC Insurance Company, PO Box 30245, Salt Lake City, UT 84130
- By overnight delivery: SILAC Insurance Company, 299 South Main St., Ste 1100, Salt Lake City, UT 84111
- By fax to 801-812-8789, only once SILAC has received the original or certified copy of the death certificate
- Fixed indexed annuity: Fixed Index Annuity Service Center, 1-888-352-5122 (Monday-Friday, 6:30 a.m. to 5:00 p.m. MST)
- Multi-year guaranteed annuity: Multi-Year Guarantee Annuity Service Center, 1-833-889-0910 (Monday-Friday, 6:00 a.m. to 3:00 p.m. MST)
Required Documents
- Completed Annuity Death Claim Form, one for each beneficiarySILAC also issues California and Iowa versions of the form.
- Death certificateSILAC requires one original or certified copy that states the cause and manner of death, mailed to its office.
- Original policyOr the lost policy declaration on page 5 of the form.
- Copy of the trust documents, if a trust is the beneficiaryThey must name the claimant as trustee or successor trustee. The beneficiary information on the form must be that of the trust.
- Copy of the appointment papers issued by a court, if the estate is the beneficiaryThe beneficiary information on the form must be that of the estate.
- Letter stating the legal relationship to the minor, if the beneficiary is a minorThe letter is signed and dated. Copies of the minor's birth certificate and Social Security card go with it.
- Copy of the appointment papers naming the attorney-in-fact, with a letter, if the claim is made under a power of attorneyThe letter is signed and dated and states the power of attorney.
- Signed transfer paperwork, letter of acceptance and corporate resolution, for a transfer, rollover, or 1035 exchangeAll three come from the receiving company.
- Form W-4R, to have less than 10% federal income tax withheld
Forms SILAC issues3
- Annuity Death Claim Form (Death of Owner Form)
Completed by each beneficiary, on a separate form. Available to download.1
- Annuity Death Claim Form, California version
Completed by each beneficiary, on a separate form. Available to download.2
- Annuity Death Claim Form, Iowa version
Completed by each beneficiary, on a separate form. Available to download.3
What happens to each kind of account1
- Annuity
SILAC states that the full account value of its annuities is available after the owner's death, and that a spouse beneficiary can always choose to continue the policy.4
Secure Savings Elite pays the cash surrender value at the death of the owner.5
On the claim form, spousal continuation is only for a spouse who is the sole beneficiary or joint owner, and is not available on an inherited IRA.1
For Vega and Vega Bonus, the Enhanced Death Benefit pays the benefit value over 5 years.1
State requirements SILAC statesIllinois
- Illinois
The form's special notice to Illinois residents states that a valid claim not paid within 31 days of SILAC receiving due proof of loss includes interest from the date of death at a rate of 10.0%.1
What SILAC's agreement and guidance say2
- How proceeds are paid
The claim form offers a lump sum, an income payment, a deferral, a transfer, rollover or 1035 exchange to another company, and spousal continuation. The claimant chooses one.1
- What it says about taxes
SILAC's form says it withholds 10% from any taxable portion unless the claimant selects another option on the form and submits a completed Form W-4R.1
SILAC's Annuity Death Claims can be reached by phone at 1-833-889-0910 and fax at 1-801-812-8789 for questions throughout the claims process.
Sources
Data sourced from SILAC primary sources (30 pages reviewed). How we research.
SILAC death claims support
Annuity Death Claims (Death of Owner Form)
Phone
Fixed Index Annuity Service Center
Fax
Hours
Mailing address
Website
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