News
Symetra Life Insurance Company Introduces Enhancements to its Custom Fixed Annuity
Redmond, WA — (April 19, 2005) — Symetra Life Insurance Company has introduced enhancements to its custom fixed annuity. The product is a modified single premium fixed annuity with an interest rate guarantee period of 1, 3 or 5 years. The enhancements include:
- Minimum interest rate of 2.0% during the seven-year surrender charge schedule. After the first seven years, the minimum interest rate drops to 1.5%.
- Additional first-year interest: clients receive additional interest of 1.50% for purchases up to $50,000 and 2.00% for purchases over $50,000.
- Additional deposits can be made for the first 12 months of contract, an increase of six months.
"These enhancements offer clients a valuable guarantee return of principal and additional interest returns on principal," says Symetra vice president of Retirement Services Scott Bartholomaus. "This product assures clients that at a minimum, their money will never earn less than 2.0% compounded per year for the first seven years."
Enhancements may not be available in all states.
About Symetra Financial
Symetra Financial works in partnership with more than 20,000 agents and advisors providing annuities, life insurance, group employee benefits and retirement plans to customers throughout the United States. Symetra Life Insurance Co. (est. 1957), a wholly owned subsidiary, has grown to a company with 2 million customers and more than $21 billion in GAAP assets.
1 For more information, visit www.symetra.com. Symetra Life Insurance Co. 5069 154th Pl. NE Redmond, WA 98052.
1Dec. 31, 2004 financial statements.
