Symetra Edge ProSM Fixed Indexed Annuity Taps Power of Diversification

New FIA Product Offers Both S&P 500^® Index and S&P GSCI^® Index

BELLEVUE, Wash.--(BUSINESS WIRE)-- Symetra Life Insurance Company today announced the launch of a new single-premium fixed indexed annuity (FIA) product called Symetra Edge Pro^SM. Designed to meet the retirement planning needs of customers looking for diversification and principal protection, Symetra Edge Pro offers a choice of two indexes — including a commodities index — as well as a fixed account option and guaranteed minimum value feature.

“While many fixed indexed annuities are tied to the S&P 500^® Index, Symetra Edge Pro allows customers to allocate money to accounts where interest is based on the performance of both the S&P 500 Index and the S&P GSCI^® Index — giving their money a chance to grow through the power of diversification,” said Dan Guilbert, executive vice president of Symetra’s Retirement Division. “This product design came out of discussions with our distribution partners who asked for a solution that offers their clients the opportunity to earn higher crediting rates than more traditional fixed products.”

The S&P 500 Index tracks the performance of 500 publicly traded, large-sized U.S. companies in various key industries, while the S&P GSCI Index is recognized as a leading measure of general commodity price movements and inflation in the world economy. Interest earned on the account is based on how the selected index performs. Because indexes may perform differently under similar market conditions, Symetra Edge Pro helps give customers’ savings an additional chance to grow.

With Symetra Edge Pro’sguaranteed minimum value feature, customers who leave their money untouched through the end of the five- or seven-year surrender charge period will see growth regardless of index performance¹.

If the unexpected happens, Symetra Edge Progives customers multiple ways to access their money, including the ability to withdraw up to 10 percent of the contract value annually, free of charge. Guaranteed lifetime income options and a nursing home and hospitalization waiver also are available.

Symetra Edge Pro offers two interest-crediting methods: point-to-point and monthly average; and five account options: S&P 500 Point-to-Point, S&P 500 Monthly Average, S&P GSCI Point-to-Point, S&P GSCI Monthly Average and Fixed Account. Funds may be allocated to one, two or all five accounts, and clients can transfer money between the Fixed Account and any indexed account(s) at the end of each one-year term.

Symetra Edge Pro is now available through select banks and broker-dealers. For more information about Symetra Edge Pro, call the Symetra Life and Retirement Sales Desk at 1-800-706-0700.

About Symetra

Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation (NYSE: SYA), a diversified financial services company based in Bellevue, Wash. 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.

Symetra Edge Pro Fixed Indexed Annuity is an individual single-premium fixed indexed deferred annuity with a market value adjustment feature issued by Symetra Life Insurance Company, 777 108^th Avenue NE, Suite 1200, Bellevue, WA 98004. Contract form number is RSC-0341 11/10 in most states and in Oregon RSC-0341/OR/NQ 11/10. Product not available in all U.S. states or any U.S. territory.

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 also may apply for amounts taken prior to age 59½. Consult your attorney or tax advisor for more information.

Symetra Edge Pro Fixed Indexed Annuity has fixed and indexed accounts. Interest credits for indexed accounts are affected by the value of outside indexes. Values and benefits 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. Interest in the indexed accounts may not be credited due to the method used to calculate and credit interest.

“Standard & Poor’s^®”, “S&P^®” and “S&P GSCI^®” are registered trademarks of Standard & Poor’s Financial Services LLC and have been licensed for use by Symetra Life. Symetra Edge Pro is not sponsored, endorsed, sold or promoted by Standard & Poor’s, and Standard & Poor’s does not make any representation regarding the advisability of investing in Symetra Edge Pro. The S&P GSCI^® Index is not owned, endorsed, or approved by or associated with Goldman Sachs & Co. or its affiliated companies.

¹ This is the Guaranteed Minimum Value whereby the purchase payment accumulates at the non-forfeiture rate set at the time of annuity purchase and will never be less than 1.00%.

AOXP-364 4/11

Symetra FinancialDiana McSweeney, 425-256-6167
[email protected]

Source: Symetra Life Insurance Company