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It’s getting crowded at the top. From mid-2003 to mid-2006, there was a 50 percent increase in the number of millionaires in the U.S.1 What’s more, the Federal Reserve Survey of Consumer Finances predicts an increase of $5 trillion in investable assets will accrue to individual investors by 2012.2
This forecasted increase in wealth means increased client demand for products that provide tax-deferred growth and efficient wealth transfer. You can increase your share of business from the growing affluent investor audience with Symetra Complete Variable Life Insurance.
Symetra Complete is designed to serve as an asset management vehicle by blending the tax benefits and wealth transfer efficiency found in life insurance with the investment flexibility and growth of an annuity. This enables clients to accumulate tax-deferred assets and still avoid leaving behind a heavy tax load.
Designed for affluent clients
Symetra Complete provides earnings growth and tax benefits for affluent investors looking to retain more of their investment returns today and meet their wealth transfer needs tomorrow.
The product’s unique design provides:
- Asset Protection
Unique among competing products, Symetra Complete calculates daily the minimum amount of life insurance death benefit needed to remain in force and still be classified as life insurance.3 This helps minimize the client’s cost of insurance, while the rest of their assets have the potential to grow in selected sub-accounts. The result is compounding growth and financial protection.
- Wealth Transfer
While an annuity’s tax-deferral ability provides for greater potential returns, at death, the income taxes still need to be paid. The estate is then responsible for the income tax on all tax-deferred earnings. Because Symetra Complete is life insurance, not an annuity, benefits are not subject to federal income tax. Cash value accumulates tax-deferred and death benefits pass to heirs income tax free.4
- Lapse Protection
Symetra Complete’s daily death benefit adjustment eliminates need for traditional "no lapse" guarantees and the associated costs. Your client’s policy will not lapse as long as outstanding loans and interest do not exceed account values.
Don’t miss out on the opportunity to serve the needs of the growing wealthy class. If you’re interested in learning more, please visit the Symetra Complete Web site at www.symetra.com/complete, or contact the Symetra Sales Center at invest@symetra.com or 1-800-706-0700.
Symetra Complete is an approved FutureSystem™ Life Model design. Patent pending.
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