BELLEVUE, Wash. and Portland, Ore.—(July 13, 2016)—M Financial Group and Symetra Life Insurance Company today announced that Symetra has been added to M Financial Group’s carrier platform as an Associate Carrier. Through this relationship, M Financial Member Firms will have direct access to Symetra’s individual life product line, including their Guaranteed Universal Life and Private Placement Variable Corporate-Owned Life Insurance (COLI) products.
“M Financial’s new relationship with Symetra brings diversity, depth and increased capacity to our lineup of life carriers,” said Daniel F. Byrne, M Financial’s senior vice president, Chief Product and Technology Officer. “We believe Symetra’s competitive strengths in certain product areas, strong underwriting and commitment to delivering service consistent with M Financial’s standards will deliver value to both our organizations and the clients we serve.”
“We are excited to be named one of M Financial's Associate Carriers,” said Tom Marra, president and CEO, Symetra Financial Corporation. “This relationship is a significant step for Symetra, and we look forward to building a powerful partnership that enhances value for both companies.”
About M Financial Group
With more than 145 Member Firms in 40 states, the United Kingdom, and the United Arab Emirates, M Financial Group is a leading financial services design and distribution company. Since 1978, M Financial's network of independent insurance, investment, and executive benefit firms has served the needs of ultra-affluent individuals, corporate executives, successful entrepreneurs, and Fortune 1000 companies. For more information, visit www.mfin.com.
Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation, a diversified financial services company based in Bellevue, Washington. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent agents and advisors. For more information, visit www.symetra.com.