Fixed deferred annuities

What’s a fixed deferred annuity?

It’s a long-term insurance product that provides protection and growth for your retirement money. It can also create a series of income payments that can continue for life.

What does “fixed deferred” mean?

Fixed refers to the fact that you will earn a fixed interest rate, and deferred means you can defer income payments to a time of your choosing.


Key benefits

Dependable, guaranteed growth. You earn a fixed interest rate for a specific time period.

Protection from market risk.

Interest is tax-deferred1 (it’s not taxed until you take it out), so it can compound over time.

What’s compound interest?

Compound interest means that you earn interest on the initial amount of money you put into an annuity AND on the interest that money accrues. As the annuity grows, the interest it earns is calculated on the new, higher balance each [interest term].

How do fixed deferred annuities work?

You put money in

You purchase the annuity contract with a lump sum or a series of payments over time.

It grows over time

The interest rate earned on this contract is guaranteed for a certain period of time (the [surrender charge period]) depending on which annuity you choose.

And pays you back later

At the end of the surrender charge period, you can:

  • Receive your accumulated contract value in a lump sum.
  • Keep your money in the annuity and continue earning interest.
  • Convert your contract value into a series of regular income payments for retirement.

What’s contract value?

What an annuity contract is worth, including the amount of money that was added and any interest that has been earned.

I don't want any surprises. What else should I know?

Fixed deferred annuities are contracts that last for a specified period of time. But let’s face it, things happen. At Symetra, you may withdraw up to 10% of your annuity’s value each contract year during the surrender charge period free of charge. Withdrawals of more than 10% during the surrender charge period may result in a surrender charge penalty.

Consider a fixed deferred annuity if:

You are uncomfortable with risk or want your money to grow at a predictable rate.


Next steps

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


1Interest to be credited is generally subject to either a cap (upper limit) or margin (deduction).

Fixed deferred annuities are issued by Symetra Life Insurance Company, 777 108th Ave NE, Suite 1200, Bellevue, WA 98004 and are not available in all U.S. states or any U.S. territory.

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.

Withdrawals may be subject to federal income taxes, and a 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.