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Variable Product Portfolio Changes

We periodically review the portfolios in our variable products to assure that they present an attractive balance of quality investment options to meet your financial objectives.

After our latest review, we decided to make the changes listed below to our variable products, effective May 1, 2006. These changes affect the following products:
  • Spinnaker® Variable Annuity
  • Spinnaker Advisor Variable Annuity
  • Spinnaker Choice Variable Annuity
  • PREMIER Accumulation Life® Variable Universal Life Insurance
Effective May 1, 2006, we will be closing the following portfolios to new contributors. If you are invested in these portfolios on May 1, 2006 and remain continuously invested thereafter, you will still be allowed to contribute to these portfolios. These portfolios will, however, be closed to all new sales and to those not invested as of May 1, 2006.
Portfolio Name
AIM V.I. Real Estate Fund – Series I Shares
Dreyfus IP MidCap Stock Portfolio – Initial Shares
Dreyfus VIF Appreciation Portfolio – Initial Shares
Federated High Income Bond Fund II
Fidelity VIP Growth Portfolio – Initial Class
JPMorgan International Equity Portfolio
In addition to closing the above portfolios to new contracts, we will be adding a new portfolio to our lineup. The Pioneer Real Estate VCT Portfolio–Class II Shares will be available to all contract owners effective May 1, 2006. You can find the Portfolio Operating Expenses for the Pioneer VCT Real Estate Portfolio below. The expenses are based on the fiscal year ended December 31, 2005.
Portfolio Name Management Fees Distribution Service (12b-1) Fees Other Expenses Total Annual Portfolio Operating Expenses Contractual Expense Waiver or Reimbursement Net Total Annual Portfolio Operating Expenses (After any reimbursement and waiver agreements)
Pioneer Real Estate VCT Portfolio–Class II Shares 0.80% 0.25% 0.13% 1.18% -- 1.18%
Portfolio Name Investment Objective Investment Adviser
Pioneer Variable Contracts Trust
Pioneer Real Estate Shares VCT Portfolio–Class II Shares Long-term growth of capital. Current income is secondary objective. Pioneer Investment Management, Inc.
Contacting Symetra. If you have any questions, you can contact a Symetra Financial Client Services Representative at (800) 796-3872. You can also use our website at www.symetra.com.


Before investing, carefully consider the investment objectives, risks, charges and expenses. This and other information is contained in the contract prospectus and the underlying portfolio prospectuses. Please call or write your Registered Representative or Symetra for free copies of the prospectuses and read them carefully before investing.
Annuities and life insurance are issued by Symetra Life Insurance Company.

Spinnaker® is a registered trademark of Symetra Life Insurance Company

Accumulation Life® is a Registered Trademark of Symetra Life Insurance Company.