First Symetra Single Premium Life Insurance
First Symetra Successor lets you pass money on to your beneficiaries free of federal income tax.
The value of your estate increases the minute you purchase the insurance.
Get your premium back
If you come to the end of the term you select and no death benefit has been paid, you get all of your premiums back—federal income tax free.1
Free annual withdrawals
You can withdraw up to 10 percent of the cash value in the policy without charge each year. For withdrawals in excess of 10 percent per policy year, a surrender charge may apply. If full surrender, charges will apply to single premium amount less any withdrawals or loans.2
If you’re diagnosed with a terminal illness or confined to a nursing home, you may be able to receive up to 100 percent of a discounted death benefit in advance.3
First Symetra Successor Single Premium Life is a universal life insurance policy issued by First Symetra National Life Insurance Company of New York, New York, NY. Mailing address is PO Box 34690, Seattle, WA 98124. Policy form number for First Symetra Successor Single Premium Life is L-9938/NY 3/07.
Although proceeds of life insurance are generally received federal income-tax-free by beneficiaries, estate and local taxes may apply. Consult with your attorney or tax advisor for more information
Guarantees and benefits are subject to the claims-paying ability of First Symetra National Life Insurance Company of New York.
1 Return of Premium Guarantee benefit will terminate if loans are outstanding for more than six months.
2 The death benefit elected will be discounted and reduced by loans, loan interest and withdrawals.
3 Receipt of accelerated death benefits may be taxable. Prior to applying for such benefits, policy owners should seek assistance from a qualified tax advisor.
Receipt of accelerated death benefits may affect eligibility for public assistance programs such as Medicare, Medicaid, Social Security and Supplemental Security Income, and possibly others. This accelerated death benefit is intended to qualify under section 101(g) (26 U.S.C. 101(g)) of the Internal Revenue Code. The death benefit will be reduced if an accelerated death benefit is paid. There is no restriction on the use of proceeds of accelerated death benefits.