Symetra Income Edge: Rates & Review

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:

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
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

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Withdrawal Provisions

Free Withdrawals

Prior to Lifetime Withdrawals the Symetra Income Edge allows for a withdrawal of up to 10% of your contract value each contract year without having to pay any surrender charges or market value adjustments. If you withdraw more than 10% annually during the surrender charge period, a surrender charge and market value adjustment (MVA) will apply on the amount in excess of the 10%.

Optional Features

If a surviving spouse continues the contract, surrender charges and MVA will be waived going forward. A spouse may also continue the withdrawal benefit if lifetime withdrawals have not begun or lifetime withdrawals based on a joint life were underway. If lifetime withdrawals have not begun and a surviving spouse has elected to continue the withdrawal benefit, the surviving spouse may begin lifetime withdrawals once they reach the minimum start age. The spouse can also choose to continue the contract and terminate the withdrawal benefit (no charges will be refunded). If lifetime withdrawals based on a joint life were underway, the surviving spouse must choose to continue the contract in order to continue receiving lifetime withdrawals.

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

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

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