Skip Ribbon Commands
Skip to main content
 
Symetra Successor Single Premium Life Insurance


Successor lets you pass money to your beneficiaries free of federal income tax—plus, the value of your estate increases the minute you purchase the policy.1
 
 
WHY SUCCESSOR?

Keep your policy for a lifetime
With Successor you don't have to worry that your policy may expire somewhere down the road. With the Guaranteed Death Benefit, your coverage won’t terminate before the first policy anniversary following your 120th birthday.2

Free annual withdrawals
You can withdraw up to 10% of the accumulation value each policy year without a surrender charge.

Surrender charges may apply to withdrawals in excess of 10% of policy value per policy years. The surrender charges are:

Surrender Charge Schedule ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Contract Year​ 1​ ​2 3​ 4​ 5​ 6​ 7​ 8 9​ ​10 ​11+
Charge​  6.5%​  6.1%​  5.7%​  5.3%​  4.9%​  4.5%​  4%​  3%​ ​2% ​1% ​0%
 
If you fully surrender the policy, the charge will apply to original single premium amount, less any prior withdrawals or loans.
 
Accessibility3,4 
You may be able to access up to 75% of your death benefit ($250,000 maximum) if a physician certifies you have less than 12 months to live.  
Up to 50% of the policy's death benefit ($250,000 maximum) can be accessed in advance of death, if the insured is certified by a physician to have a cognitive impairment or is limited in certain activities of daily living.
 
TALK TO AN EXPERT

Interested in learning more? Learn how an advisor can help you.
 
 
Symetra Successor Single Premium Life Insurance is a modified single premium adjustable life insurance policy issued by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004.

Policy form number is ICC11_LC3 for most states, and 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.
 
Withdrawals or loans on modified endowment contracts (MEC) may be subject to federal income tax and a 10% IRS penalty on amounts taken prior to age 591/2.

Product may vary by state.

Life insurance policies contain exclusions​​, limitations, reductions of benefits and terms for keeping them in force. Please contact your insurance professional for complete details.

1 Although proceeds of life insurance are generally received income-tax-free by beneficiaries, estate and local taxes may apply. Consult your attorney or tax advisor for more information.
Guaranteed Death Benefit will terminate if there is a policy loan outstanding and the total indebtedness equals or exceeds the cash surrender value. 
May not be available in all states and terms and conditions may vary by states in which they are available.  
The accelerated death benefit creates a lien against the death benefit and will accrue interest. Upon the death of the insured, the death benefit will be reduced by the value of the lien against the poloicy and any unpaid loan and loan interest. If the lien and accrued interest grow to equal or exceed the death benefit, the policy will terminate. Please refer to your policy for the details on how the interest rate on the lien is calculated.
SUCCESSOR SINGLE PREMIUM LIFE iNSURANCE FACT SHEET
Learn more about Single Premium Life.  
 
 
 
 
HOW MUCH LIFE INSURANCE DO I NEED?
You know life insurance is a good idea. But how much do you need?
 
Our Life Insurance Planning Calculator gives you a clearer understanding, in about 10 minutes.
 
 


CONSIDER YOUR LIFE INSURANCE

Life changes. When it does, your insurance may need to as well.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



FREQUENTLY ASKED QUESTIONS
Looking for Customer Service on your policy?
 
 
 



CONTACT US
1-800-796-3872, option 1 then option 2
Monday through Friday 
6 a.m. - 4:30 p.m., PT
csmail@symetra.com
Copyright © 2004 - Symetra Life Insurance Company, 777 108th Ave NE, Suite 1200, Bellevue, WA 98004. All rights reserved. Symetra® is a registered service mark of Symetra Life Insurance Company.
Customers may access their account information from this site. Other information in this site may be pending approval for use in states with website filing requirements.