Successor lets you pass money on to your beneficiaries free of federal income tax—plus, the value of your estate increases the minute you purchase the policy.
Keep your policy for a lifetimeWith Successor you don't have to worry that your policy may expire somewhere down the road. The
guaranteed death benefit means your coverage won’t end before the policy anniversary following your 120th birthday.
1 Free annual withdrawalsYou can withdraw up to 10% of the
cash 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:
| 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 full surrender, charges will apply to single premium amount less any withdrawals or loans.
Advance access
If you’re certified by a physician with a terminal illness, you may be able to access up to 75% of the policy's
death benefit ($250,000 maximum) in advance.
2,3
If you're certified by a physician to have a cognitive impairment or are limited in your activities of daily living, you may be able to access up to 50% of the policy's death benefit ($250,000 maximum) in advance.3,4
Symetra Successor Single Premium Life Insurance is a universal life insurance policy issued by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004.
Policy form number is ICC10_LC1 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.
1 Benefit will terminate and cannot be reinstated if loans are outstanding on the policy for more than 6 months.
2 Accelerated Benefit for Terminal Illness is not available in all states, and the period of terminal illness may vary in the states where available.
3 The death benefit elected will be discounted and reduced by loans, loan interest and withdrawals.
4 Not available in all states.