Annuities overview

Protection, growth and income

Annuities can help you retire with confidence.


How do annuities work?

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You put money in

You buy an annuity with either a lump sum or a series of payments.

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It goes to work

Your money can grow tax-deferred1 over time or you can turn it into guaranteed income that lasts as long as you want. 

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You get your money back

Depending on your annuity, you can get your money back either all at once or in regular payments over time.

What's an annuity?

An annuity is a long-term contract between you and an insurance company. There are several options. Some annuities are designed to provide immediate, guaranteed retirement income that lasts as long as you want—even the rest of your life. Others offer growth and can also provide steady, guaranteed income later in retirement.

What can First Symetra annuities do for you?


Protect what you’ve saved

Fixed deferred annuities provide opportunites to grow what you’ve earned—tax-deferred—while minimizing risk.


Create guaranteed income

Income annuities can turn a portion of your savings into guaranteed income that lasts for a specified period of time or the rest of your life.

See our quick comparison guide


Fixed deferred annuity

Income annuity

Key feature Growth based on a fixed, guaranteed rate of interest for a specific number of years. Instant, guaranteed income.
Key benefits Protects your principal. Predictable growth. Guaranteed income that begins immediately.
Multiple ways for you to take income, including a series of payments for life checkmark checkmark
Money grows at a fixed rate of return checkmark  
Protection from market volatility checkmark checkmark
Steady guaranteed income payments immediately after purchase   checkmark
Tax-deferred compounding growth potential checkmark  
Penalties for early withdrawals checkmark Early withdrawals not permitted, as it is an irreversible decision.

There's more to learn

When it comes to your future income, it’s important to know exactly what you’re buying. Make sure you fully understand all of the terms and conditions of your contract before signing your name. Talk to your financial professional or insurance producer to find out if an annuity is right for you.

Next Steps

First Symetra offers a variety of annuities. Ask your financial professional, registered representative or [insurance producer] if an annuity is right for you.


1While nonqualified annuities offer the added benefit of tax deferral, in the case of qualified annuities, the tax deferral is provided by the retirement plan itself. No additional tax benefit is provided by placing qualified funds in an annuity. In the case of qualified annuities, you should focus on the benefits offered by the annuity itself to determine if the annuity is right for you.

Annuities are issued by First Symetra National Life Insurance Company of New York, New York, NY. Mailing address: P. O. Box 34690, Seattle, WA 98124.

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

Withdrawals may be subject to federal income tax and 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.