You can help your clients convert out-of-surrender annuities to a lower-fee Symetra Focus Variable Annuity and see an opportunity for their retirement income potential to increase.
Looking for a summertime boost in your business? Annuity clients both inside and outside of your existing block of business may benefit from converting their out-of-surrender annuities into a Symetra Focus Variable Annuity.
Who are these less-than-elusive prospects? Here’s the description:
- They already own annuities. They understand the benefits, but may be paying too much in fees and expenses.
- They want to reach their retirement goals, but they may not understand the impact of fees and expenses in their current annuity.
- They want retirement income, but don’t realize that annuitization may be a simpler way to get guaranteed lifetime retirement income (versus certain income riders).
If this description matches some of your clients, they may want to consider exchanging their current annuities into a lower-fee Symetra Focus annuity. Symetra Focus provides tax-deferral, investment options and lower fees than some variable annuities.
In 2007, the average annuity expense ratio was 2.36 percent.1 By contrast, Symetra Focus' average total fee – including all available investment options – is 1.59 percent.2 Plus, annuitization has the potential to deliver more lifetime income than a costly GMWB rider.
Symetra Focus Variable Annuity may eliminate many of your clients' biggest concerns, including simple, transparent contracts that eliminate surprises and access to funds with free withdrawals of up to 10 percent per contract year.3
Need 100% access?
Senior clients who want complete access – with no surrender charges on withdrawals — may want to consider Spinnaker Advisor Variable Annuity.4  With Spinnaker Advisor, the surrender period starts with a client’s first purchase payment, regardless of any future contributions. This allows them to make future contributions while having access to their contract value free of surrender charges.
Spinnaker Advisor features:
- Annuitization.
- Five-year stepped-up guaranteed minimum death benefit (GMDB).
- No distribution charges on withdrawals from the variable portfolios.
- Nursing home and hospitalization waiver.
- Systematic withdrawal programs.
Start selling
Start looking through your client base for out-of-surrender annuity holders who could benefit from a lower-fee annuity such as Symetra Focus, or an easy-access annuity such as Spinnaker Advisor. Contact the Symetra Sales Center at invest@symetra.com or 1-800-706-0700 to learn more.
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Check the Numbers
Average annuity expense ratio in 2007: 2.36%1
Symetra Focus VA average total fee including all available investment options: 1.59%2 |
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