First Symetra Select Pro

First Symetra National Life Insurance Company of New York, a subsidiary of Symetra Life Insurance Company, was created to serve the life insurance and annuity needs of residents and businesses within the state of New York. Established in 1990, the company specializes in tailoring product offerings to the exclusive New York market, supplying investment tools like guaranteed income annuities, life insurance policies, stop-loss insurance, and group supplemental health and life insurance plans. Consistently rated with an “A” from A.M. Best, First Symetra NY has become known for its dependability in fulfilling its duties to clients.

First Symetra Select Pro

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About Product

Premium Type

Single Premium with Additional

Fee withdrawal:

15%

Market Value Adjustment

Return Of Premium

Minimum Contribution

$10,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, and IRA-Roth

Launch Date

01/01/2025

Symetra Select Pro is a modified single-premium fixed deferred annuity. Select Pro Fixed Deferred Annuity can help serve as a foundation of stability for your retirement portfolio by providing both accumulation and lifetime income options, and also providing for loved ones. Features include:

The reliability of an interest rate with no exposure to market risk.
The ability to accumulate more through tax-deferred and compounding interest.
The ability to access a portion or, in certain cases, all of the money in your contract without withdrawal charges.

Minimum purchase payment

$10,000
You can add purchase payments of $1,000 or more throughout the first year of your contract. Payments are accepted in a lump sum or monthly payments up to $1mil without home office approval.

Free annual withdrawals
Withdrawals of up to 15% of the contract value per contract year are free of withdrawal charges.

Death benefit
When you purchase your annuity, you’ll also name primary and contingent beneficiaries for your contract. Upon your death, your beneficiaries will receive the greater of:

The contract value (which does not reflect any current withdrawal charges); or
The guaranteed minimum value.

Riders

No Riders for First Symetra Select Pro annuity.

Waivers

Hospital

If you spend 30 consecutive days in a nursing home or hospital, all withdrawal charges are waived. You have up to 90 days after leaving a facility to request a qualifying distribution.

Nursing Home

If you spend 30 consecutive days in a nursing home or hospital, all withdrawal charges are waived. You have up to 90 days after leaving a facility to request a qualifying distribution.