Rate Continuance for Groups Under 500 Lives
April 17, 2020
We understand the challenges that our customers—especially small and mid-sized businesses—are facing today and will continue to face tomorrow.
To help provide financial stability and alleviate stress on resources during this unprecedented time, we are extending our recently released rate continuance accommodation.
Effective immediately, groups under 500 lives who have policies renewing between May 1 and December 31, 2020 may automatically continue their Symetra group benefits coverage at current, in-force rates. As an example, if the original renewal anniversary date is September 1, 2020, the policy will continue at current rates until the next renewal anniversary on September 1, 2021.
This renewal accommodation applies to the following Symetra group benefit products:
- Basic and supplemental life
- Short- and long-term disability
- Critical illness/specified disease
- Fixed-payment plans
If you have questions, or need additional assistance, please contact your Symetra representative.
Symetra Life Insurance Company is a direct subsidiary of Symetra Financial Corporation. First Symetra National Life Insurance Company of New York is a direct subsidiary of Symetra Life Insurance Company and is an indirect subsidiary of Symetra Financial Corporation (collectively, “Symetra”). Neither Symetra Financial Corporation nor Symetra Life Insurance Company solicits business in the state of New York and they are not authorized to do so.
Each company is responsible for its own financial obligations.