When you purchase a Classic policy, you are buying more than just a death benefit for your beneficiaries. You also benefit from the opportunity to build cash value, which can help provide a source of funds or supplement your retirement income.
If a physician determines you are terminally ill with less than 12 months to live, you may be able to access up to 75% of the policy's death benefit ($250,000 maximum) in advance.2
If you have a severe cognitive impairment for a continuous 90-day period or are unable to perform at least two of six activities of daily living for a continuous 90-day period, you may be able to access up to 50% of the policy's death benefit ($250,000 maximum) in advance.2,3,4
Withdrawals of the policy's accumulated cash value are available at any time.5
The premiums are flexible, enabling you to adapt your premium payments to your changing needs.
Provides lifetime protection and the initial interest rate is guaranteed for 12 months from the date the premium is received. In addition, this rate is guaranteed to be no less than 3%.7
Additional No-Cost Benefits
Charitable Giving Benefit
Selected at issue, this optional benefit gives you the opportunity to continue your charitable giving by paying an additional benefit of 1% of the base policy face amount to the qualified charity of your choice upon death, at no additional cost. Issue ages are 15 days to 90 years old.8
Automatically added at issue, provides an additional $10,000 death benefit if death occurs as a result of a motor vehicle accident and a seat belt was worn at the time of the accident. Issue ages are 15 days to 90 years old.
Automatically added at issue, provides an additional $5,000 death benefit to help cover transportation costs if death occurs more than 100 miles from home. Proof of residency may be required. Issue ages are 15 days to 90 years old.
No Lapse Guarantee
Automatically added at issue if the optional Lapse Protection Benefit is not selected. Guarantees the policy, including any level term riders, will remain in force for 10 years (issue ages 0-70) or 5 years (issue ages 71-75), provided the minimum premium, underwriting and insurance requirements are met.
Lapse Protection Benefit
While in effect, this optional flexible benefit guarantees the insurance coverage will continue during any time period that you select, even if your cash value becomes insufficient to pay monthly charges. It's available at issue and may be terminated at any time. Issue ages are 16 to 90 years old.9
Additional Term Rider
Adds 20 years of level premium term life insurance coverage on the life of the insured. Issue ages are 16 to 50 years old.
Insured Children's Benefit
Provides $1,000 to $10,000 of life insurance coverage on all dependent children, ages 15 days through 17 years. Issue ages are 16 to 90 years old.
Accidental Death Benefit
If death is accidental, provides an additional death benefit of $250,000 or up to three times the policy's face amount, whichever is less. Issue ages are 5 to 55 years old.
Guaranteed Insurability Option
Depending on the insured's current age, provides future options to purchase additional coverage amounts of between $10,000 and $45,000—without evidence of insurability—at regularly scheduled intervals. Issue ages are 15 days to 36 years old.10
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Symetra Classic Universal Life Insurance is a flexible premium universal life insurance policy issued by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004. Policy form number is ICC11_LC5 in most states. Product is not available in all U.S. states or any U.S. territory.
Guarantees and benefits are subject to the claims-paying ability of Symetra Life Insurance Company.
Interest rates are subject to change without notice.
Products and services vary by distributor.
1 May not be available in all states and terms and conditions may vary by states in which they are available.
2 Only available for issue ages 20-85, and not available on rated policies.
3 Generally speaking, a severe cognitive impairment is a deterioration or loss in intellectual capacity in which the person requires substantial supervision by another person, and is measured by clinical evidence and standardized tests that reliably measure impairment in short- or long-term memory, orientation to people, places or time, and deductive or abstract reasoning.
4 Basic activities of daily living consist of self-care tasks, including, but not limited to: personal hygiene and grooming, dressing and undressing, self feeding, functional transfers (getting from bed to wheelchair, getting onto or off of toilet, etc.), bowel and bladder management and ambulation.
5 Withdrawals or loans on modified endowment contracts (MECs) may be subject to federal income tax and a 10% IRS penalty on amounts taken prior to age 59½. A loan may have a permanent effect on the policy, even if repaid. Failure to repay a policy loan or to pay loan interest may terminate the policy if the net cash surrender value is less than the monthly deductions, due on the policy anniversary.
6 Changes in premium payments and payment schedule will affect the death benefit amount and duration as well as the accumulation value potential of the policy.
7 Policy owners should anticipate renewal interest rates at the Guaranteed Minimum Interest Rate regardless of future economic conditions.
8 Only available on policies with a face amount of $100,000 or more. Payment is 1% of the original base policy face amount, to a maximum of $100,000, regardless if the policy face amount has been increased. If the policy face amount has been decreased, 1% of the remaining base policy face amount is paid. The charity must be designated at time of issue and qualify under tax code 170(c) and 501(c). If the charity is not operating at the time of the insured’s death, the estate may direct proceeds to another qualified charity.
9 Lapse Protection Benefit is not available with juvenile-rated policies.
10 Guaranteed Insurability Option is not available on policies with the Lapse Protection Benefit, an additional term rider or an extra premium rating.