JPMorgan Chase Bank Partners with Symetra Financial to Offer Customers More Savings and Retirement Solutions
Bellevue, Wash. — (February 13, 2007) — Symetra Life Insurance Co. and JPMorgan Chase Bank, N.A. announced a partnership today to enhance savings and retirement solutions offered through the bank.
“People face a lot of pressures to build savings and secure their financial future, including the prospect of outliving their retirement savings,” said Laura Pantaleo, senior vice president of JPMorgan Chase Bank’s retail financial services business. “By guaranteeing tax-deferred interest, as well as future income, annuities help bring stability to savings and retirement planning. We look forward to working with Symetra to deliver these important benefits to our customers.”
Chase ranks number two in total deposits in the retail financial services sector
1. Symetra will make annuity products available through Chase’s extensive network of more than 2,600 branches in 17 states. Adding Symetra annuities to Chase’s portfolio of products further improves customer access to reliable retirement solutions.
“Symetra is focused on offering competitive products, quality service, and education to enable JPMorgan Chase to better meet their customers’ savings and retirement needs,” said senior vice president of financial institutions distribution at Symetra, Rod Halvorson. “Together, we will help customers build retirement savings that they can depend on.”
About Symetra Financial
Symetra Financial is a family of companies with a half-century of experience providing retirement plans, employee benefits, annuities and life insurance through independent advisors and agents nationwide. Its insurance company subsidiaries have nearly $20 billion in assets
2. Symetra Financial is owned by an investor group led by White Mountains Insurance Group Ltd. and Berkshire Hathaway Inc. For more information, visit Symetra Financial's website at
www.symetra.com.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at
www.jpmorganchase.com.
1 Source: JPMorgan Chase & Co
2 Total GAAP assets per closing statements of Symetra Life Insurance Co., December 31, 2006.
Symetra® and the Symetra Financial logo are registered service marks of Symetra Life Insurance Company. Annuities are issued by Symetra Life Insurance Co., 777 108th Ave. NE, Bellevue, WA 98004.
