Protection, growth and income
Annuities can help you retire with confidence.
How do annuities work?
You buy an annuity with either a lump sum or a series of payments.
Your money can grow tax-deferred1 over time or you can turn it into guaranteed income that lasts as long as you want.
You get your
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 more growth potential and can also provide steady, guaranteed income later in retirement. And others offer protection from market losses.
What can Symetra annuities do for you?
Grow your money
Fixed indexed annuities can provide more potential for your money to grow without market risk.
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—money that lasts for a specified period of time or the rest of your life.
See our quick comparison guide
|Key feature||Growth based on a fixed, guaranteed rate of interest for a specific number of years.||Growth potential based on the performance of one or more [market indexes] subject to a cap (the top percentage you can earn in any given contract year) or margin (a deduction from the amount of interest you earn).||Instant, guaranteed income.|
|Key benefits||Protects your principal. Predictable growth.||More growth potential (but less predictable).||Guaranteed income that begins immediately.|
|Multiple ways for you to take income, including a series of payments for life|
|Money grows at a fixed rate of return||
(fixed account option only)
|Protection from market volatility|
|Steady guaranteed income payments immediately after purchase||-||-|
|Tax-deferred compounding growth||-|
|Penalties for early withdrawals||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.