Fixed index annuity review and rates

Symetra Edge Elite 7

Symetra Edge Elite is a single-premium fixed indexed annuity. Edge Elite offers potential to take your retirement to a higher level. Growth potential based on the JPMorgan ETF Efficiente 5 Index, the Putnam Dynamic Low Volatility Excess Return Index and the S&P 500 Index. 
Our enhanced accounts offer higher participation rates in exchange for an annual charge. With higher participation rates, your accounts have potential to grow at a higher rate than our other account options. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4.05% Fixed
2-Year Putnam Dynamic Low Volatility ER PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Biennial
305% Participation
1-Year Putnam Dynamic Low Volatility ER PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Annual
210% Participation
2-Year JP Morgan ETF Efficiente 5 PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Biennial
245% Participation
1-Year JP Morgan ETF Efficiente 5 PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Annual
170% Participation
2-Year JP Morgan ETF Efficiente 5 PTP Participation Rate
Point to Point
Biennial
205% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
40% Participation
1-Year JP Morgan ETF Efficiente 5 PTP Cap
Point to Point
Annual
16% Cap
1-Year JP Morgan ETF Efficiente 5 PTP Participation Rate
Point to Point
Annual
145% Participation
2-Year Putnam Dynamic Low Volatility ER PTP Participation Rate
Point to Point
Biennial
255% Participation
1-Year Putnam Dynamic Low Volatility ER PTP Cap
Point to Point
Annual
16% Cap
1-Year Putnam Dynamic Low Volatility ER PTP Participation Rate
Point to Point
Annual
180% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
50% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
9% Cap
1-Year Fixed Account
Fixed
4.2% Fixed
2-Year Putnam Dynamic Low Volatility ER PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Biennial
325% Participation
1-Year Putnam Dynamic Low Volatility ER PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Annual
230% Participation
2-Year JP Morgan ETF Efficiente 5 PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Biennial
265% Participation
1-Year JP Morgan ETF Efficiente 5 PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Annual
185% Participation
2-Year JP Morgan ETF Efficiente 5 PTP Participation Rate
Point to Point
Biennial
225% Participation
1-Year JP Morgan ETF Efficiente 5 PTP Participation Rate
Point to Point
Annual
160% Participation
1-Year JP Morgan ETF Efficiente 5 PTP Cap
Point to Point
Annual
18% Cap
1-Year Putnam Dynamic Low Volatility ER PTP Participation Rate
Point to Point
Annual
200% Participation
2-Year Putnam Dynamic Low Volatility ER PTP Participation Rate
Point to Point
Biennial
280% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year Putnam Dynamic Low Volatility ER PTP Cap
Point to Point
Annual
18% Cap
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
60% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.5% Cap

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 9% 8% 7% 6% 5% 4%
Symetra Life Insurance Company
Founded: 1957
A.M. Best: A
S&P: A
Moody's: A1
Carrier details
Free withdrawal
10%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, IRA-Roth, 1035 Exchange, and Inherited IRA