Fixed index annuity review and rates

Symetra Edge GPS 5

The Symetra Edge GPS 5 is a single premium fixed indexed deferred annuity, has the potential for higher credited interest than a fixed deferred annuity because the interest you earn is based on the future performance of a market index up to a cap. The Symetra Edge GPS 5 helps protect the money you’ve saved while giving it some opportunity to grow. 

The Symetra Edge GPS 5 has a 5-year withdrawal charge period and an MVA provision.
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
3.85% Fixed
1-Year S&P 500 PTP Cap
Point to Point
8.5% Cap
1-Year Fixed Account
4% Fixed
1-Year S&P 500 PTP Cap
Point to Point
9% Cap

Surrender schedule

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