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Could 'Successor' Help Rescue a Client's Legacy? |
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In the two years leading up to 2008's economic meltdown, U.S. households lost an estimated $13 trillion in investment assets and home equity.1 Symetra Successor Single Premium Life Insurance (Successor) may offer a recovery strategy for your clients' legacy dollars. |
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In 2008, the S&P 500 lost 38.5 percent of its value. That was more than enough to send American investors flocking for the safety of cash. In fact, the American Association of Individual Investors estimated that investors started 2009 with an "unprecedented" 4 out of every 10 portfolio dollars in cash (42 percent).2
Consider this: If a client started 2008 with $100,000 in an average stock mutual fund, he or she would have about $60,000 left at the end of the year. With T-Bill coupon rates for maturities of 12 months or less still hovering at zero, the chances of recovering those dollars in low-risk investments are slim.3 Even at 2.25 percent, the current five-year rate for Treasuries, it would take 23 years to get back to $100,000 - and that's without factoring in taxes or inflation.
As homeowners and investors survey the damage, many are left wondering how to rebuild their savings. If your clients are tired of watching their investments rise and fall with the markets - and if they have $10,000 or more earmarked for loved ones or charity - Successor’s stability features may offer some relief. Depending on their age, gender and health (common health issues experienced by seniors are factored into rates), Successor may even be able to double the size of their legacy.
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Successor Doubled Her Legacy in Just One Day
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| 65-year-old female, non-nicotine preferred rates current as of July 20094 |
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How Long Would It Take If She Invested?
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| assumes $100,000 grows at 2.25% compounded quarterly5 |
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Successor offers a once-and-done, worry-free solution for transferring wealth. The death benefit is guaranteed, so there are no investments to manage, no market volatility risks, and no additional premiums, administration fees or other expenses.
For more information, contact your Symetra key account manager.
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1Brian Reid, "A Letter From ICI's Chief Economist," 2009 Investment Company Fact Book, Investment Company Institute (ICI), May 2009.
2Kopan Tan, "The Trader: What Will Light All That Dry Powder?" Barron's, Jan. 5, 2009.
3"Market Data: Government Bonds, Treasuries," Bloomberg.com, downloaded June 9, 2009:www.bloomberg.com/markets/rates/idex.html
4This hypothetical illustration assumes a 65 years old female in the non-nicotine preferred rate class. Successor rates were current as of July 2009, but are subject to change and will vary based on age, gender, health and other factors. Please ask for current rate information.
5Investment calculations were based on a one-time deposit that grows at a hypothetical annual interest rate of 2.25%, subject to a federal income tax rate of 25%. This scenario does not reflect the historical performance of any investment, nor does it predict future results.
Guarantees and benefits are subject to the claims-paying ability of Symetra Life Insurance Company.
Life insurance is issued by Symetra Life Insurance Co., 777 108th Avenue NE, Suite 1200, Bellevue, WA, 98004-5135. Not available in all U.S. states or any U.S. territories.
Bank Representative use only.
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