Variable Deferred Annuities

Variable deferred annuities are long-term insurance products designed to build retirement income through tax-deferred growth

  • Variable annuities are tied to market performance, so they have the most growth potential and also the most risk. Consider them for the longer-term, more aggressive part of your savings plan.

  • You choose how your money is invested from a variety of underlying funds.

  • You can withdraw a portion of your contract value—10% or more per year, depending on the product—without surrender charges. If you select an annuity option, you will receive income for life or a specified period of time.

Symetra True Variable Annuity®

A low-fee1 variable annuity with no surrender charges. Select from over 100 portfolio options managed by leading money managers.

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A traditional variable annuity with 60+ portfolio options to choose from.

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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 or visit for an online copy. Please read them carefully before investing.

Securities are offered through Symetra Securities, Inc. (SSI). Variable annuities are issued by Symetra Life Insurance Company (SLIC) and are not available in all U.S. states or any U.S. territory. SSI and SLIC are affiliates, and are both located at 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004-5135. Each company is responsible for its own financial obligations.

Symetra True Variable Annuity is a flexible premium deferred variable annuity issued by Symetra Life Insurance Company. Contract form number is ICC12_RC1 and Wealth Transfer Benefit (WTB) rider form number is ICC12_RE1 in most states. 

Spinnaker Variable Annuity is a flexible premium deferred annuity issued by Symetra Life Insurance Company. Contract form number is LPC-1175 2/04 in most states and LPC-1175/OR 5/05 in Oregon.

Annuity contracts have terms and limitations for keeping them in force.  Please call your registered representative for complete details.

Guarantees and benefits are subject to the claims-paying ability of Symetra Life Insurance Company.

Variable annuities, which are suitable for long-term investing, are subject to market risks, including the potential loss of principal invested.

While non-qualified annuities offer the added benefit of tax deferral, in the case of qualified annuities, the tax deferral is provided by the retirement plan itself.  The investor should focus on the benefits offered by a variable annuity to assess if a variable annuity is right for them.

Withdrawals may be subject to federal income taxes, and a 10% IRS early withdrawal tax penalty may also apply for amounts withdrawn prior to age 59½. Consult your attorney or tax advisor for more information.

Generally, a distribution made from an IRC 403(b)(1) annuity contract may not be paid or made available until the annuitant/owner attains age 59½, separates from service, dies, becomes disabled, or encounters financial hardship. Other restrictions may apply. Consult your attorney or tax advisor for more information.

1Source: Morningstar survey of 640 open individual variable annuities on 3/23/2016. The total mortality and expense, administrative, and distribution expense fees for True VA equal 0.60%, placing it in the lowest quartile of variable annuities. If the maximum subaccount fund facilitation fee of 0.15% (which is not currently charged),were included in total expenses, True VA would still be in the lowest 

Spinnaker® and True Variable Annuity® are registered service marks of Symetra Life Insurance Company.

Performance & Prospectus