Symetra® Select, our three-year fixed annuity is now Symetra Select 3. If your clients want a stable investment option with more benefits than a taxable account, “just remember three.”
Symetra’s three-year fixed deferred annuity, previously called Symetra Select, is now called Symetra Select 3. And while the name change may be simple, we have also made the product more competitive with a new two-tiered rate structure.
With interest rates currently in flux, investors may not want to lock their money into long-term contracts. Symetra Select 3 is an alternative for investors who want stable, guaranteed returns, but want the flexibility to adjust their portfolios if interest rates change.
Symetra Select 3 addresses these needs with a simple sales pitch: “Just remember three.”
- 3-year interest rate lock — fully guaranteed*
- 3-years additional interest — fully guaranteed*
- 3-year withdrawal charge schedule (5% each year)
Plus, with its new two-tiered rate structure, Symetra Select 3 now offers more competitive rates. Based on interest rates in effect on Nov. 3, 2008, Select 3’s rates in the two tiers would be as follows:
$50,000-$99,999: 3.65% base rate plus .30% additional interest
$100,000+:3.70% base rate plus .30% additional interest
Taxable accounts may offer the stability of fixed interest rates, but why not get something more? Fixed annuities such as Symetra Select 3 provide tax-deferred returns and the peace of mind of a three-year interest rate lock, additional interest for the first three years and guaranteed return of purchase payment.
In today’s volatile environment, Symetra Select 3 can offer customers the security and certainty they need without a long-term product commitment they may be uncomfortable making at this time. Visit the Select 3 home page to learn more, or contact our Sales Center at 1-800-706-0700 or invest@symetra.com.
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