Entirely New Life Insurance Challenges Convention
Symetra, Future System Advisors Create Unique Wealth Management Solution
Bellevue, Wash. / Baton Rouge, La. — (Feb. 22, 2007) — Symetra Life Insurance Company and Future System Advisors, LLC (FSA) have developed a product that offers a whole new way to utilize life insurance as a wealth management tool. Tailor made for financial planners working with higher net worth clients, this solution allows clients to maximize financial growth while ensuring assets can later pass to heirs free of federal income taxes
1.
Conventional life insurance is often too one dimensional for affluent clients, focusing on a specific death benefit rather than addressing broader wealth management needs. In contrast, this new product —
Symetra Complete Variable Life Insurance2 — was designed to work as a multifaceted financial planning solution.
Symetra Complete is unique in that it combines the strengths of an annuity and life insurance within a single product. Specifically, Symetra Complete uses an innovative, patent-pending actuarial model that blends the tax benefits and wealth transfer efficiency inherent in life insurance with the investment flexibility and growth of an annuity. This enables clients to accumulate tax-deferred assets more effectively and still avoid leaving behind a heavy income tax burden to their heirs.
Essentially, Symetra Complete makes it easier for affluent clients to successfully build and protect their assets in an increasingly complex wealth management environment.
“We believe we have built the most innovative vehicle on the market for wealth transfer,”: said Mike Madden, vice president for individual life insurance at Symetra Financial. “For clients who want to leave behind a legacy, they no longer have to sacrifice asset accumulation in order to lessen their tax liabilities.”
Experts in wealth management, FSA worked with Symetra to design a solution that would have broader financial planning applications. “From the ground up, Symetra Complete was built from a financial planner’s perspective,” said Jack Desemar, chairman and president of FSA. “We recognized that many affluent clients need a different solution than conventional life insurance, and so we designed a new, client-driven strategy for wealth management planning. We are delighted that Symetra shared our vision for creating a whole new approach to life insurance.”
About Symetra Financial
Symetra Financial is a family of companies with nearly 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
3. 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 Future System Advisors
Future System Advisors, LLC (FSA) develops wealth management planning systems and life insurance product models. Since 1993, the firm has developed and used a revolutionary set of financial and estate liquidity planning strategies. FSA’s overriding purpose is to help high net worth individuals achieve financial “balance” in their lives. For more information, visit the FSA website at
www.fsadvisors.com.
Before investing, carefully consider the investment objectives, risks, charges and expenses. This and other information is contained in the contract prospectus and the underlying portfolio prospectuses. Please call or write your Registered Representative or Symetra for free copies of the prospectuses and read them carefully before investing.
1 Consult your tax advisor for more information.
2 An approved Future SystemTM Life Model design. Patent pending.
3 Source: Total GAAP assets per financial statements of Symetra Life Insurance Company, December 31, 2006.
Securities are offered through Symetra Securities, Inc., member SIPC. Symetra Complete Variable Life Insurance and Symetra Complete Advisor Variable Life Insurance products are issued by Symetra Life Insurance Company. Both companies are located at 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004-5135. Policy form number for most states is L-9971 6/06. Products are not available in all U.S. states or any U.S. territories. Please call 1-800-796-3872 for availability.
Guarantees and benefits are subject to the claims-paying ability of the issuing insurance company.
Symetra® and the Symetra Financial logo are registered service marks of Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004.
