Fixed index annuity review and rates

Symetra Edge Plus 7 Advisor Group

The Symetra Edge Plus 7 is a single premium fixed indexed annuity with a 7 year surrender charge and a MVA provision, offered by Symetra Life Insurance Company, can provide higher credited interest than traditional fixed deferred annuities, because the interest you earn is based on the future performance of one or more market indexes. The amount of interest credited is subject to either a cap (upper limit) or a margin (deduction)—depending on which index(es) you choose—and your purchase payment and earnings are protected by the safety of a “floor.”
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
3.85% Fixed
1-Year JP Morgan EFT Effciente 5 PTP Cap
Point to Point
Annual
17.5% Cap
1-Year JP Morgan ETF Efficiente 5 PTP Spread
Point to Point
Annual
0.75% Spread
1-Year MSCI EAFE PTP Monthly Average Cap
Point to Point
Annual
Monthly average
9% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
7.75% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
8.25% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.5% Cap
1-Year Fixed Account
Fixed
4% Fixed
1-Year JP Morgan EFT Effciente 5 PTP Cap
Point to Point
Annual
18% Cap
1-Year JP Morgan ETF Efficiente 5 PTP Spread
Point to Point
Annual
0.25% Spread
1-Year MSCI EAFE PTP Monthly Average Cap
Point to Point
Annual
Monthly average
9.5% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
8.25% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
8.75% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
9% Cap

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 8% 7% 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
$10,000
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and Inherited IRA