Symetra Income Edge
Highlights
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:
- Level withdrawals: A guaranteed, level amount for life.
- Index-linked withdrawals: Guaranteed withdrawals for life with potential for increases each year.
Type
|
Fixed Index |
---|---|
Purpose | Lifetime Income |
Term
|
7 Years |
Surrender schedule
|
8%8%7%7%6%5%4% |
Free withdrawal
|
10% |
Market value adjustment
|
|
Return of premium
|
|
Launch date
|
04/04/2016 |
Minimum contribution
|
$10,000 |
Maximum contribution
|
$1,500,000 |
Max Age Qualified
|
85 |
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and Inherited IRA |
Brochure
|
Open brochure |
Find out if the Symetra Income Edge is the right product for you.
Withdrawal Provisions
Optional Features
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
|
6.25%
Cap
|
1-Year Fixed Account |
Fixed
|
3.8%
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
|
6.5%
Cap
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
---|---|---|---|---|---|---|---|
Penalty | 8% | 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 |
Waivers
Hospital
We’ll waive your surrender charges and any MVAs if you’re confined to a nursing home or hospital for at least 30 consecutive days and for up to 90 days after your release. Additional requirements are explained in the annuity contract.
Nursing Home
We’ll waive your surrender charges and any MVAs if you’re confined to a nursing home or hospital for at least 30 consecutive days and for up to 90 days after your release. Additional requirements are explained in the annuity contract. The nursing home waiver does not include home health care.
Request a free quote or talk to our financial expert to get help