Symetra Income Edge
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Highlights
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:
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.
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
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
7 Years |
|
Surrender schedule
|
8%8%7%7%6%5%4% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$10,000 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and Inherited IRA |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4%
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%
Cap
|
| 1-Year Fixed Account |
Fixed
|
4.15%
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
|
7.25%
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 |