Symetra

Why Symetra Life Insurance?

Symetra offers life insurance solutions for nearly every need. From online quote tools to fewer forms, they're very easy to do business with.

• Access to online sales tools and 100% wholesaler support. That means there’s someone to answer the phone when you need help.
• Personalized service and some of the most competitive rates in the business. And your customers can trust the Symetra brand to provide solid, respected financial products.
• Rated A by AM Best

MARKETING MATERIALS

Marketing materials are available from the Financial Professionals homepage or by calling 1-800-706-0700 or emailing invest@symetra.com.

Symetra Life Insurance Products

Symetra offers the following life insurance products:

• Term life insurance
• Universal life insurance
• Single premium life insurance

Symetra Term Life Insurance

Symetra Term Life Insurance offers competitively priced coverage with level premiums for terms of 10, 15, 20 or 30 years.

• ‍Minimum Issue Age: 20 years old
  ‍
• ‍Maximum Issue Age:
  10-Year Term: 80 years old
  15-Year Term: 75 years old
  20-Year Term: 68 years old for Non-Nicotine; 65 years old for Nicotine
  30-Year Term: 55 years old for Non-Nicotine; 50 years old for Nicotine
  
• Minimum Policy Size: $250,000: All rate classes‍
• Availability: Most states

Guarantees

• All premiums are guaranteed to remain level during the initial term period.
• After the initial term expires, the policy automatically renews annually until age 95 at increased premiums, unless cancelled by the policyowner.
  

Option to Convert

Policyowners can request to convert their term life insurance policy to a permanent life insurance policy that we offer for conversion in the policyowner's state of residence. Conversions may be requested prior to the end of the 10th policy anniversary or the policy anniversary following the insured's 70th birthday, whichever is earlier. Conversion is not available if an accelerated death benefit was exercised on the policy.

Accelerated Death Benefit for Terminal Illness Rider

Up to 75% of the policy’s death benefit ($500,000 maximum) can be accessed in advance if a physician certifies the insured is terminally ill with less than 12 months to live. The benefit is paid in a lump sum.

SYMETRA ACCUMULATOR IUL INDEXED UNIVERSAL LIFE INSURANCE

Flexible premium universal life with index-linked interest options and the potential for future supplemental income.

Key Benefits

• Nine index crediting strategies including the JPMorgan ETF Efficiente® 5 Index, a volatility control option licensed exclusively to Symetra Life Insurance Company for use in indexed life insurance.
• Indexed strategies lock-in any interest earnings and help protect against losses in negative markets.
• Flexible, potential tax-free access to policy value through withdrawals and standard and participating loans.
  
• Persistency bonus guaranteed by Symetra for maintaining the policy as planned.

Issue Ages: 20-85 years old

Coverage Period: Insured’s lifetime (with premiums payable to age 120).

Minimum Policy Size/Rate Classes:

$100,000: Super Preferred Non-Nicotine, Preferred Non-Nicotine, Standard Plus Non-Nicotine, Standard Non-Nicotine, Preferred Nicotine, Standard Nicotine

Death Benefit Options: Option A Level Specified Amount, Option B Specified Amount + Policy Value, and Option C Specified Amount + Return of Premiums

Availability: Most states

Surrender Charge Period: 9-year decreasing schedule based on a rate per thousand of specified amount that varies by the insured’s gender (where permitted by law), underwriting class, issue age and policy duration.

SYMETRA PROTECTOR IUL INDEXED UNIVERSAL LIFE INSURANCE

Flexible premium universal life designed for guaranteed death benefit protection and growth potential based upon the performance of one or more market indexes.

Key Benefits

• A Lapse Protection Benefit that provides the flexibility to customize the duration of the insured's death benefit guarantee period.1
• Nine index strategies that can earn index credits based on the performance of the S&P 500® Index, JPMorgan ETF Efficiente® 5 Index, a volatility targeting option, or a blend of both.
• Indexed strategies lock-in any interest earnings and help protect policy values from market downturns.
• A guaranteed persistency bonus for maintaining the policy as planned.
• Flexible, tax-free access to policy value through withdrawals and loans.2

Issue Ages: 20-85 years old

Coverage Period: Duration of guarantee is customizable, either for a specific time period or the insured's age 120.

Minimum Policy Size/Rate Classes:

$100,000: Super Preferred Non-Nicotine, Preferred Non-Nicotine, Standard Plus Non-Nicotine, Standard Non-Nicotine, Preferred Nicotine, Standard Nicotine

Death Benefit Options: Option A Level Specified Amount, Option B Specified Amount + Policy Value, and Option C Specified Amount + Return of Premiums

Availability: Most states

Surrender Charge Period: Fourteen year decreasing schedule based on a rate per thousand specified amount that varies by the insured's gender (where permitted by law), underwriting class, issue age and policy duration. The surrender charge is zero in policy year 15 and thereafter.

SYMETRA UL-G UNIVERSAL LIFE INSURANCE

Flexible premium universal life designed for guaranteed coverage and advance death benefit access in the event of a chronic illness.

Key Benefits

• Protection against policy lapses via a Lapse Protection Benefit rider, provided that premiums are paid exactly as illustrated.
• Guaranteed death benefit protection available.
• Accelerated death benefit riders available.

Issue Ages: 16-85 years old

Coverage Period: Duration of guarantee is customizable, either for a specific time period or the insured’s lifetime.

Minimum Policy Size: $100,000

Availability: Most states

Surrender Charge Period: 9-year decreasing schedule based upon a rate per thousand that varies by the insured’s gender, underwriting class and issue age.

SYMETRA CAUL UNIVERSAL LIFE INSURANCE

Flexible premium current assumption universal life insurance offering lifetime protection and cash value accumulation potential.

Key Benefits

• Flexible premium payments and death benefit options.
• Federal income tax is deferred while cash value grows.
• The potential to use cash value as a future financial cushion.
• Advance access to the death benefit for a chronic or terminal illness.

Issue Ages: 15 days-85 years old

Coverage Period: Insured’s lifetime (with premiums payable to age 120)

Minimum Policy Size: $100,000

Availability: Most states

Surrender Charge Period: 9-year decreasing schedule based upon a rate per thousand that varies by the insured’s gender, underwriting class and issue age.

SYMETRA SUCCESSOR SINGLE PREMIUM LIFE INSURANCE

From day one, the death benefit is more than the amount your client paid. Return of Premium and Guaranteed Death Benefit included in all policies.

• Death benefit: From day one, the death benefit may be more than the amount your client paid
  
  
• Target ages: 55 to 80
  
  
• Minimum premium: $25,000
  
  
• Underwriting: Full underwriting at all face amounts
  
  
• Surrender charge period: 10 years. Surrender charges may apply to withdrawals in excess of 10% of policy value per policy year.

Symetra Life Insurance State Availability

Symetra is available in nearly all states!

New to Senior Market Life Insurance Sales?

Life insurance sales don't have to be overwhelming! In fact, we do everything we can to make it easy here at New Horizons.

Check out the Quick Training Guide available as part of the Life Insurance Marketing Kit:

In addition, a great place to start is our Ultimate Guide to Selling Life Insurance in the Senior Market.