Symetra Edge Plus® Fixed Indexed Annuity
With six indexed account options and a fixed account, Symetra Edge Plus provides protection + growth potential for your money.
WHY EDGE PLUS?
Indexed crediting opportunities.
Interest crediting opportunities based on the performance of the index(es) you select, subject to either a cap (upper limit) or a margin (deduction).
Multiple account options.
Choose from six indexed account options, plus a fixed account.
No downside market risk.
Your purchase payment and any previously credited interest are protected from market losses by an interest rate "floor" of 0%.
Built for diversification.
Because indexes may perform differently under similar market conditions, Edge Plus offers six indexed account options, based on three distinct indexes.
The JPMorgan ETF Efficiente® 5 Index is offered with point-to-point interest crediting, with interest subject to either a cap or a margin.
Point-to-point with a margin is offered without a cap, but a margin is subtracted from the performance of the index at the end of the interest term to determine the interest that will be credited. Learn more about the JPMorgan ETF Efficiente 5 Index performance.
A fixed account is also available.
Your purchase payment will be refunded if the contract is canceled within 30 days of contract receipt.
Multiple ways to access your money.
Three options for accessing your money during the surrender charge period:
- Free annual withdrawals of up to 10% of the contract value.
- Nursing home and hospitalization waiver.1
- Annuitization anytime after the first 12 months of the contract.
Enhanced Death Benefit Rider.
This optional rider is designed to provide beneficiaries with a potentially larger death benefit from the annuity contract than they'd otherwise receive.
- Full lump-sum death benefit is available to beneficiaries, with no annuitization requirement.
- Annual Rollup Percentage of 7% simple interest for a rollup period of 10 years.
- Available for issue ages 0-75.
- Annual charge is 0.90% of the Enhanced Death Benefit Amount.
5-Year Surrender Charge Schedule*
7-Year Surrender Charge Schedule*
*May vary by state. See fact sheet for more information.
WANT TO LEARN MORE?
Symetra Edge Plus is an individual single-premium fixed indexed deferred annuity with a market value adjustment feature. Annuities are issued by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004. Contract form number is ICC14_RC1 in most states. Enhanced Death Benefit Rider form number is ICC14_RE2 in most states. Product and Enhanced Death Benefit Rider are not available in all U.S. states or any U.S. territory. Terms and conditions may vary.
Market value adjustment feature does not apply California.
A rider is a provision of the annuity with additional costs, potential benefits, and features that should never be confused with the annuity itself. Before evaluating the benefits of a rider, carefully examine the annuity to which it is attached.
Annuity contracts have terms and limitations for keeping them in force. Please contact your financial professional or insurance producer for complete details.
Guarantees and benefits are subject to the claims-paying ability of Symetra Life Insurance Company.
Symetra Edge Plus has fixed and indexed accounts. Interest credited to the indexed accounts is affected by the value of outside indexes. Values based on the performance of any index are not guaranteed. The contract does not directly participate in any outside investment.
Indexed interest is calculated and credited (if applicable) at the end of an annual interest term. Amounts withdrawn from the indexed account before the end of an annual interest term will not receive indexed interest for that term.
If the contract is being funded with multiple purchase payments, e.g. 1035 exchanges, funds will be held and the contract will not be issued until all purchase payments have been received. Interest is not credited between the dates the purchase payments are received and the date the contract is issued.
Except for the JPMorgan ETF Efficiente 5 Index, an index does not include the payment or reinvestment of dividends in the calculation of its performance.
It is not possible to invest in an index.
Symetra reserves the right to add or remove any index or indexed interest crediting method options. If any index is discontinued or if the calculation of any index is changed substantially, Symetra reserves the right to substitute a comparable index.
The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Symetra Life Insurance Company (SLIC). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and its affiliates and sublicensed for certain purposes by SLIC. Symetra Edge Plus is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.
The Product referred to herein is not sponsored, endorsed, issued, sold or promoted by MSCI, and MSCI bears no liability with respect to any such Product or any index on which such Product is based. The Product contract contains a more detailed description of the limited relationship MSCI has with Symetra Life Insurance Company and any related Products.
The JPMorgan ETF Efficiente® 5 (“Index”) has been licensed to Symetra Life Insurance Company (the “Licensee”) for the Licensee’s benefit. Neither the Licensee nor Symetra Edge Plus (the “Product”) is sponsored, operated, endorsed, recommended, sold or promoted by J.P. Morgan Securities LLC (“JPMS”) or any of its affiliates (together and individually, “JPMorgan”). JPMorgan makes no representation and gives no warranty, express or implied, to contract owners in or those otherwise taking exposure to the Product. Such persons should seek appropriate professional advice before making any investment. The Index has been designed and is compiled, calculated, maintained and sponsored by JPMS without regard to the Licensee, the or sponsor other indices or products that are similar to and may compete with the Index and the Product. JPMorgan may also transact in assets referenced in the Index (or in financial instruments such as derivatives that reference those assets). These activities could have a positive or negative effect on the value of the Index and the Product. Product or any contract owner. JPMorgan is under no obligation to continue compiling, calculating, maintaining or sponsoring the Index. JPMorgan may independently issue or sponsor other indices or products that are similar to and may compete with the JPM ETF Efficiente Index and the Product. JPMorgan may also transact in assets referenced in the Index (or in financial instruments such as derivatives that reference those assets). These activities could have a positive or negative effect on the value of the JPM ETF Efficiente Index and the Product.
Withdrawals may be subject to federal income taxes, and a 10% IRS early withdrawal tax penalty may also apply for amounts taken prior to age 59½. Consult your attorney or tax advisor for more information.
Indexed account(s) interest cap rates and fixed account interest rates are subject to change without notice.
The fixed account interest rate and indexed interest cap can be reset at the end of each interest term.
The fixed account interest rate will never be less than the fixed account guaranteed minimum interest rate stated in the contract.
Subsequent indexed interest caps may be higher or lower than the initial indexed interest cap but will never be less than the guaranteed minimum indexed interest cap rate stated in the contract.
The indexed interest floor is 0%, which means that the indexed interest rate credited to the indexed account value in any interest term will never be negative.
The guaranteed minimum value (GMV) upon surrender, annuitization, or death is the purchase payment accumulated at the nonforfeiture rate each year, less any prior withdrawals or partial annuitizations accumulated at the nonforfeiture rate each year, minus any applicable surrender charges. Prior withdrawals are after the effect of any surrender charge and market value adjustment (if applicable). Nonforfeiture rate varies by contract issue date and is not redetermined after issue. Current nonforfeiture rate: 1.00%. Rates are subject to change without notice.
Tax-qualified accounts such as IRAs, 401(k)s, etc., are tax-deferred regardless of whether or not they are funded with an annuity. If you are considering funding a tax-qualified retirement plan or account with an annuity, you should know that an annuity does not provide any additional tax-deferred treatment of earnings beyond the tax-qualified plan or program itself. However, annuities do provide other features and benefits such as death benefits and annuity payment options.
Products and services may vary by distributor.
This is not a complete description of Symetra Edge Plus Fixed Indexed Annuity. For a complete description, please ask your financial professional or insurance producer for a copy of the contract summary.
Symetra® and Symetra Edge Plus® are registered service marks of Symetra Life Insurance Company.
1Not available in California.