RetireOne Adds Symetra Advisory FIAs To Annuity Platform

BELLEVUE, Washington, Oct. 30 -- Symetra Financial, a financial services company, issued the following news release:

Symetra Life Insurance Company and RetireOne(TM) today announced the addition of SymetraAdvisory Edge and Symetra Advisory Income Edge fixed indexed annuities(FIAs)to the RetireOne(TM) platform. Engineered for registered investment advisors and fee-based advisors, the Symetra FIAs help provide protection against market losses while offering upside potential via two index-linked accounts: S&P(R) 500 Index and the JPMorgan ETF Efficiente(R) 5 Index.

"We are partnering with Symetra to serveup innovative insurance solutions to help advisors and their clients meet retirement goals," said RetireOne CEO David Stone. "As markets continue to break records, there's mounting evidence that investors are bracing for a recession. Advisors tell us that their clients don't want to lose money like they did in the great recession, especially those who are in early retirement or preparing to retire. They want to transfer some of that risk, rather than lose sleep. Symetra built two no-load annuities to help do that."

The Symetra Advisory Income Edge FIA offers a lifetime withdrawal benefit that provides guaranteed lifetime income with upside potential, with an option for that upside to continue even after income payments begin. "Between 1997 and 2016, prices for consumer goods increased by 53 percent1," said Rich LaVoice, executive vice president, Retirement Distribution Strategy at Symetra. "Clients who retired in that time saw their purchasing power decline if their income sources didn't keep pace with inflation. We designed Advisory Income Edge to meet lifetime income goals, while potentially maintaining their purchasing power through retirement."

The withdrawal benefit offers three ways for the income stream to grow. The withdrawal percentage is guaranteed to increase each year of up to 10 years before lifetime income is taken. If the contract value increases prior to beginning lifetime income, the maximum withdrawal amount may increase further. And after lifetime income withdrawals begin, they may be increased each year based on the performance of the underlying strategies chosen under the index-linked income option.