Life insurance overview
Protect the people you care about
Flexible life insurance options to help those you leave behind.
What is life insurance?
Life insurance provides financial protection for the people you care about when you die. But many life insurance policies can do much more. Some policies also accumulate [cash value] (also known as policy value) you can use for expenses or income in retirement. Some are designed to help transfer wealth (via the "death benefit" proceeds) to your beneficiaries, generally free of federal income tax, after you die.
How does life insurance work?
You pay
You make regular premium payments into your policy.
You benefit
You may be able to grow your policy's cash value, accelerate a portion of your death benefit and get access to cancer care benefits.*
They benefit
When you die, your beneficiaries receive a death benefit generally free of federal income tax.
Why Symetra life insurance?
We offer many products, depending on what you want to accomplish.
Grow your money
Accumulate value in your policy you can borrow against later.
Estate planning
Use the death benefit proceeds to transfer wealth or a business.
Protect your family
Basic coverage to protect your family should you die.
Prepare for the unexpected
Our array of living benefit riders can help you live confidently today knowing you're more prepared for tomorrow should the unexpected occur.
And there are other options to help accommodate your needs, including:
How long
you want coverage.
How and when
you will pay for it.
How you can access
your cash value.
How you pass along
your death benefit when you die.
Symetra life insurance can help you:
Protect your family cost-effectively for a specified period of time
Term life insurance provides financial protection for a select number of years.
Protect your family for your entire life
Permanent life insurance can help you pass wealth to your beneficiaries generally free of federal income tax and—depending on the product you choose—provide options to grow your cash value and access it if you need it.
Next steps
Ask your insurance professional if life insurance is right for you.
Life insurance is issued by Symetra Life Insurance Company, 777 108th Ave NE, Suite 1200, Bellevue, WA 98004. Policies and riders may not be available in all U.S. states and any U.S. territory and terms and conditions may vary by the state in which they are available.
Cancer Care CompassSM is a rider package comprised of the Cancer Insurance and Value Added Services rider.
Life insurance policies contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Please contact your insurance producer for complete details.
A rider is a provision of the policy that may have additional costs, limitations, potential benefits and features that should never be confused with the base policy itself. Before evaluating the benefits of a rider, carefully examine the policy to which it is attached.
Certain benefits or riders may have tax implications. Consult with your legal or tax professional prior to purchasing.
Guarantees and benefits are subject to the claims-paying ability of Symetra Life Insurance Company.
The death benefit is guaranteed provided certain conditions are met.
Although proceeds of life insurance are generally received free of federal income tax by beneficiaries, estate and local taxes may apply. Consult with your attorney or tax advisor for more information.
This is not a complete description of Symetra’s life insurance products or riders. For more information, please ask your insurance professional.
The Cancer Insurance Rider is offered at application for an additional cost and is usually issued under rider form number L-10351. The rider is only available for insureds issue ages 20-80, and if elected, additional underwriting will be required. It's possible that the insured is approved for the base policy but declined for the rider based on the rider underwriting results. The rider is not available on policies with ratings worse than Table 4, with annual flat extras exceeding $5 per $1,000, or with both flat extras and table rates. The maximum cash benefit amount is selected at application and cannot be increased once the rider is issued. If the Cancer Insurance Rider is declined, the Value Added Services Rider is not available.
Cancer Care Compass includes the Value Added Services Rider for an additional cost and is usually issued under form number L-10358. The value-added services are provided by third-party providers that are independent of Symetra Life Insurance Company. Registering to use or using these services is optional.
The Galleri® multi-cancer early detection screening test is administered by GRAIL, LLC, and is available one time to insured's ages 50-89 under the rider after the benefit waiting period. The test is available through an independent telemedicine healthcare provider. The test results are provided to the insured. Access to the rider's nutrition or health advocacy services are available after the benefit waiting period and will remain available to the policyowner and their eligible family members through the insured's age 90 or at no additional cost for two years following the payment of the rider maximum cash benefit amount.
Products and services offered under the Value Added Services Rider are not insurance and are subject to change. For more information, please contact Symetra at www.symetra.com or by telephone at 1-800-796-3872. There are additional requirements associated with participation in the value-added services. Terms and conditions may vary and may not be available in all U.S. states or any U.S. territory. If any service is discontinued or if we elect to cease to offer a service, we may substitute a reasonably comparable service. If no reasonably comparable service is available, we may discontinue the specific service and cease charging for that service.
*Important note: If you’re a resident of Arizona, please click here for exclusions and limitations for the Cancer Insurance Rider.
Cancer Care CompassSM is a service mark of Symetra Life Insurance Company.
WEB-1146 3/24