Symetra offers a variety of products to help meet the diverse financial needs of our customers. Detailed information about Symetra’s products and services is available by clicking the product links below.
For a quick definition of Symetra’s products please visit our Product Glossary.
Spotlight: Helping small business employees build their retirement savings.
Symetra’s 401(k) program gives small businesses cost effective access to the type of plans typically available only to Fortune-500 sized companies. Across the U.S., only 29 percent of firms with 10 to 24 employees sponsor a retirement plan.1 Symetra’s 401(k) program was developed to help reach the underserved and often overlooked small company market.
Symetra’s plans are easy to administer, cost effective and gives plan sponsors access to 80 non-proprietary mutual funds from leading investment management firms.
Spotlight: Helping uninsured workers gain access to health benefits.
Symetra Select Benefits allows employers who may otherwise not be able to provide medical benefits to employees, the ability to offer "go to the doctor" benefits to all eligible workers — even those working on a part-time, hourly, seasonal or temporary basis.
Over half the employee base in the U.S. works for an employer that does not offer any health benefits.2 Symetra helps reduce the ranks of the uninsured by offering employers simple, quick and cost-effective medical benefits for routine services. While it is not a replacement for a major medical policy or other comprehensive insurance, Select Benefits provides employees coverage for events such as doctor’s office visits, prescriptions and emergency room visits.Spotlight: Protecting self-funded healthcare plans against potentially catastrophic medical claims.
Symetra is one of the largest medical stop loss insurance providers in the country. With a track record of more than three decades, Symetra delivers top-quality stop loss products and services to companies with self-funded healthcare plans.
To learn how stop loss insurance works, click here.
Spotlight: Helping individuals retire with income they will never outlive.
By 2030, the retiree population will more than double to an estimated 71.5 million individuals.3 This group faces serious challenges associated with financing retirement, longevity, inflation and health care expenses. As traditional company pensions decline and amid uncertainty over the future of Social Security, people are looking for ways to ensure they’ll receive a paycheck for life.
Symetra’s annuities help people save for retirement and provide guaranteed income they cannot outlive.
Spotlight: Helping families recover from devastating personal loss.
Nearly 50 million Americans acknowledge they don’t have the life insurance protection they need to ensure a secure financial future for their families and loved ones.4 Symetra’s life insurance products can help protect family members when they lose a loved one.
There is a misconception that signing up for life insurance is a hassle and takes too much time. Symetra’s innovative tool, Symetra Express, is challenging that notion. This online application system provides life insurance quotes and coverage to qualified applicants in 10 minutes, making the process quick and easy for agents and customers.
About Symetra Financial
Symetra Financial Corporation provides retirement plans, employee benefits, life insurance and annuities through a national network of independent advisors and agents. Headquartered in Bellevue, Wash., Symetra’s insurance company subsidiaries have nearly $20 billion in assets5.
Annuities and life insurance are issued by Symetra Life Insurance Company. Employee benefits are insured by Symetra Life Insurance Company. Distribution of retirement programs are provided by Symetra Investment Services, Inc., 1-800-469-7667. Both companies are located at 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004-5135.
1 "Employment-Based Retirement Plan Participation: Geographic Differences and Trends, 2005," EBRI Issue Brief #299
2 "Employment-Based Health Benefits: Access and Coverage, 1988-2005," EBRI Issue Brief #303
3 U.S. Department of Health and Human Services, Administration on Aging, A Profile of Older Americans: 2004
4 US House of Representatives Resolution to recognize September 2004 as Life Insurance Awareness month
5 Total GAAP assets per financial statements as of December 31, 2007.
