Fixed indexed annuities

Symetra Income Edge

Income Edge is a fixed indexed annuity (FIA) from Symetra Life Insurance Company that includes a “guaranteed lifetime withdrawal benefit” (GLWB).

What exactly is a GLWB?

It’s a benefit that gives you steady income payments for life based on withdrawals from your contract, even after you withdraw it to zero.


Income Edge can help with some common retirement concerns.

I don’t want to run out of money.

I want my money to grow.

I want my money sooner than expected.

I don’t want to lose money.

I don’t want any surprises.

This is a high-level overview of Symetra Income Edge so you can get a sense of whether it might work for you. This is not a complete description. Please ask your financial professional or insurance producer for a complete description of this product.

Next Steps

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


Symetra Income Edge is an individual single-premium fixed indexed deferred annuity with a market value adjustment feature. Annuities are issued by Symetra Life Insurance Company, 777 108th Ave NE, Suite 1200, Bellevue, WA 98004. Contract form number is ICC14_RC1 in most states. The Guaranteed Lifetime Withdrawal Benefit Rider form number is ICC15_RE1 in most states. Product and Rider are not available in all U.S. states or any U.S. territory. Terms and conditions may vary.

Market value adjustment feature does not apply in California.

A rider is a provision of the annuity with additional costs, potential benefits and features that should never be confused with the annuity itself. Before evaluating the benefits of a rider, carefully examine the annuity to which it is attached.

There is an annual percentage charge for the Guaranteed Lifetime Withdrawal Benefit Rider (“Rider”) based on the contract value on the date the charge is calculated. The Rider provides a guaranteed lifetime withdrawal benefit (“GLWB”) during the life of the covered person(s) while the Rider is in effect. You may terminate the Rider after the fifth interest term. Once you terminate the Rider it may not be reinstated. We will assess and deduct the GLWB Rider charge until the Rider is terminated. Changing the owners, annuitants or beneficiaries may cause the Rider to terminate or adversely affect the benefits of the Rider. A change in marital status after you purchase this contract may adversely affect the benefits of the Rider. Taking excess withdrawals could reduce future benefits under the Rider by more than the dollar amount of the excess withdrawals.

Annuity contracts have terms and limitations for keeping them in force. Contact your financial professional or insurance producer for complete details.

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

Symetra Income Edge has fixed and indexed accounts. Interest credited to the indexed accounts is affected by the value of outside indexes. Values based on the performance of any index are not guaranteed. The contract does not directly participate in any outside investment.

If the contract is being funded with multiple purchase payments (e.g., 1035 exchanges), funds will be held and the contract will not be issued until all purchase payments have been received. Interest is not credited between the dates the purchase payments are received and the date the contract is issued.

An index may not include the payment or reinvestment of dividends in the calculation of its performance.

It is not possible to invest in an index.

Symetra reserves the right to add or remove any index or indexed interest crediting method options. If any index is discontinued or if the calculation of any index is changed substantially, Symetra reserves the right to substitute a comparable index.

Indexed interest is calculated and credited (if applicable) at the end of an annual interest term. Amounts withdrawn from the indexed account before the end of an annual interest term will not receive indexed interest for that term.

A market value adjustment (MVA) is a positive or negative adjustment that may apply when all or a portion of the contract value is withdrawn. An MVA will apply to a withdrawal of more than 10% of the contract value in a contract year during the surrender charge period. It may also apply upon death or annuitization, but only if it results in a cash surrender value higher than the contract value that would otherwise be paid. A negative MVA can never cause the cash surrender value to be less than the guaranteed minimum value. No MVA applies after the surrender charge period.

If the MVA reference rate is not published for a particular day, Symetra will use the MVA reference rate as of the prior business day. If the MVA reference rate is no longer available or discontinued, Symetra may substitute another comparable method for determining the MVA reference rate.

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

Tax-qualified accounts such as IRAs, 401(k)s, etc., are tax deferred regardless of whether or not they are funded with an annuity. If you are considering funding a tax-qualified retirement plan or account with an annuity, you should know that an annuity does not provide any additional tax-deferred treatment of earnings beyond the tax-qualified plan or program itself. However, annuities do provide other features and benefits such as death benefits and annuity payment options.