Symetra to Offer Unlimited Annual and Lifetime Benefits on Medical Stop-Loss Insurance Policies

Symetra Life Insurance Company announced it will provide unlimited annual and lifetime benefits with its medical stop-loss insurance coverage. The option will be available on all new and renewed stop-loss policies with effective dates of Sept. 1, 2010 or later.

Medical stop-loss policies are purchased by employers with self-funded health plans. Employers pay for medical claims up to a certain deductible, and the stop-loss insurance carrier covers claims payments above that level. An industry leader, Symetra has been serving the stop-loss market since 1976.

"The combination of self-funded plans and medical stop-loss insurance is an attractive choice for many employers seeking to control continued rising healthcare costs," said Michael Fry, senior vice president of Symetra's Group division. "We believe self-funding for companies with 100 or more employees is still the most efficient model for delivering this important employee benefit.

"Symetra's unlimited benefits option is designed to protect employers from catastrophic risk and help them meet their obligations under the new healthcare law," Fry said. 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 medical stop-loss policies are insured by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004 and are not available in all U.S. states or any U.S. territory.

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