Symetra Expands Fixed Index Annuity Suite
New FIAs offer capped and uncapped indexed account options, including the MSCI EAFE index and JPMorgan ETF EfficienteSM 5 Index
“Symetra Edge Plus and Symetra Edge Premier are designed to help meet the needs of today’s retirement customers, who are looking for ways to protect their money but still want some opportunity for growth potential,” said
Symetra Edge Plus offers five- and seven-year surrender periods, while Symetra Edge Premier’s 10-year surrender schedule provides even more opportunity for growth potential. Product features include:
Diverse array of indexed crediting opportunities — Interest crediting opportunities based on the performance of one or more market indexes, subject to either a cap or a margin.
Multiple account options — Customers may choose from five indexed accounts, plus a fixed account.
No downside market risk — Purchase payment and any previously credited interest are protected from market losses by an interest rate “floor” of 0%.
Built for diversification— Because indexes may perform differently under similar market conditions, Edge Plus and Edge Premier offer five indexed account options, based on three distinct indexes:
- The S&P 500® Index and the MSCI EAFE Index are offered with point-to-point and monthly average interest crediting, up to a declared cap.
- The JPMorgan ETF EfficienteSM 5 Index rebalances monthly to create an asset mix with the best recent returns for a given level of risk. It is a target volatility index, which means it is designed to experience gains and losses of less magnitude and frequency than indexes based solely on equity markets. It is offered with point-to-point crediting. Because it is designed to be less volatile than the other available indexes a cap is not imposed; however, it is subject to a margin, which is subtracted from the performance of the index to determine the interest that will be credited at the end of the interest term.
A fixed account is also available.
Multiple ways to access funds — Customers have several options for accessing their money during the surrender charge period:
- Free annual withdrawals of up to 10% of the contract value.
- Nursing home and hospitalization waiver.1
- Annuitization any time after the first 12 months of the contract.
Enhanced Death Benefit Rider — The rider is an optional feature designed to provide beneficiaries with a potentially larger death benefit from the annuity contract than they’d otherwise receive.
For more information about Symetra Edge Plus and Symetra Edge Premier, call the Symetra Retirement Sales Desk at 1-800-706-0700.
About Symetra
Symetra Edge Plus Fixed Indexed Annuity and Symetra Edge Premier Fixed Indexed Annuity are individual single premium fixed indexed deferred annuities with a market value adjustment feature. In
This is not a complete description of Symetra Edge Plus Fixed Indexed Annuity and Symetra Edge Premier Fixed Indexed Annuity. See the Contract Summary describing Symetra Edge Plus Fixed Indexed Annuity and Symetra Edge Premier Fixed Indexed Annuity for a more complete description.
Market value adjustment feature does not apply in
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 attached.
Annuity contracts have terms and limitations for keeping them in force. Please call your insurance producer or advisor for complete details.
Guarantees and benefits are subject to the claims-paying ability of
Symetra Edge Plus Fixed Indexed Annuity and Symetra Edge Premier Fixed Indexed Annuity have fixed and indexed accounts. Interest credited to indexed accounts is affected by the value of outside indexes. Values based on the performance of any index are not guaranteed and may increase or decrease. The contract does not directly participate in any outside investment.
If the contract is being funded with multiple purchase payments, i.e. 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.
Except for the JPMorgan ETF Efficiente 5 Index, the performance of an index does not reflect the payment or reinvestment of dividends.
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.
The S&P 500® Index is a product of
The JPMorgan ETF EfficienteSM 5 (“JPM ETF Efficiente Index”) has been licensed to
The Products referred to herein are not sponsored, endorsed, issued, sold or promoted by MSCI, and MSCI bears no liability with respect to any such Products or any index on which such Products are based. The Products’ contracts contain a more detailed description of the limited relationship MSCI has with
Withdrawals may be subject to federal income taxes, and a 10%
Products and services vary by distributor.
Symetra® is a registered service mark of
1 Not available in
SYC-1064 3/15
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