AM Best Rating
A Excellent (3rd of 13 ratings)
Company Website
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
Rates
4.85% | $250,000 | — | $1,000,000 |
4.85% | $100,000 | — | $249,999 |
4.55% | $50,000 | — | $99,999 |
4.55% | $10,000 | — | $49,999 |
Term
5 Years
Minimum Investment
$100,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
85
Surrender Schedule
8%, 7%, 6%, 5%, 4%, 0%
What We Like About This Annuity
Owners can add funds in the first year. Contract does not automatically renew. Several interest rate bands are available. Free accumulated interest withdrawals in all years.
Notable Features
Terminal Illness, Nursing Home, and Hospitalization waivers are all included at no cost. Additional funding options in year one. Surrender free death benefit.
Other Popular Products
Symetra offers several popular life and annuity policies. Their fixed-indexed and income accounts are competitive nationwide. Additionally, their permanent and term life policies are strong for those wanting estate protection.
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About Symetra Life Insurance Company
With over 65 years in business, Symetra Life is a full-fledged life, annuity, and employer benefit focused insurance company. Headquartered in Bellevue, Washington, they boast an A rating with AM Best and over $65 billion under management.
Value, transparency, and sustainability are three core principles guiding this well-diversified insurance carrier. They are highly involved in their community through social outreach, corporate responsibility, and sustainable governance.