Fixed index annuity review and rates

Symetra Income Edge

The Symetra Income Edge is a single premium fixed indexed annuity with a 7 surrender charge period and a market value adjustment period. The Symetra Income Edge also offers a guaranteed lifetime withdrawal benefits (GLWBs) that, like annuitization, offer payments that can last a lifetime. Unlike annuitization, these features still allow access to your remaining contract value, if needed. The Symetra Income Edge can help protect your money and provide withdrawals for life, allowing you to focus on what matters—living the lifestyle you want in retirement. 

Before lifetime withdrawals begin, your Maximum Withdrawal Amount is guaranteed to grow each year for up to 10 years after issue. When you’re ready to begin lifetime withdrawals, you have two options: 
  1. Level withdrawals: A guaranteed, level amount for life.
  2. Index-linked withdrawals: Guaranteed withdrawals for life with potential for increases each year.
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
3.65% Fixed
1-Year JPMorgan ETF Efficient 5 PTP Cap
Point to Point
Annual
15.75% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.25% Cap
1-Year Fixed Account
Fixed
3.75% Fixed
1-Year JPMorgan ETF Efficient 5 PTP Cap
Point to Point
Annual
16% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.5% Cap

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 8% 7% 7% 6% 5% 4%

Riders

Name Inbuilt Fee
Symetra GLWB Rider Level option Yes 1.20% annually
Symetra GLWB Rider with Increasing option Yes 1.20% annually
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