Symetra Life Select Pro 7
Current Fixed Rates Bands
Rate Effective Date October 9, 2026
The Symetra Select Pro 7 is a modified, single-premium annuity with a seven-year rate guarantee. After seven years, owners can withdraw, transfer, or reinvest their entire account value. If no action is taken, a one-year rate is declared, but the account does not renew for a new term. It remains 100% liquid and free from surrender penalties.
Throughout the first year, owners can add premium payments of $1,000 or more. There are up to four rate bands available for investment. The highest rate is for deposits above $250,000.
Free annual withdrawals of 15% are included, and a Return of Premium provision is available at a reduced annual rate. Qualified and non-qualified funds are accepted. There are no surrender penalties at death.
More Annuity options from: Symetra Life
Notable Features
This policy includes Terminal Illness, Nursing Home, and Hospitalization waivers at no cost. Please see the brochure for more details. Surrender and MVA charges can be waived when the spousal continuance option is elected.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
7 Years
Free Withdrawals Yr1 / Yr2+
15% / 15%
Additional Withdrawal Information
Owners may withdraw up to 15% of the Contract Value annually without surrender penalties or MVA charges. This annuity allows for IRA Required Minimum distributions in all years.
Surrender Schedule
8%, 8%, 7%, 6%, 5%, 4%, 3%, 0%
Maximum Age
85
Minimum Investment
$250,000
Maximum Investment
$1,000,000
What We Like About This Annuity
Free 15% annual withdrawals are included, and there are several penalty-free withdrawal options for hardship. A Return of Premium feature is available at a lower annual interest rate.
Owners can add funds in the first year. The contract does not automatically renew at maturity. The policy offers a unique spousal continuance option.
Other Popular Products
Symetra offers several popular life and annuity policies, including the Select Max MYGA. Their fixed-indexed and income annuity accounts are competitive nationwide. Additionally, their permanent and term life policies are competitively priced for those needing estate protection.
About Symetra Life
Symetra Life
AM Best Rating: A Excellent (3rd of 13 ratings)
https://www.symetra.com/
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. They are also A rated with Moody’s, Standard and Poor’s, and have an 81 Comdex rating.
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.