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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.30%
7-Year
6.00%
10-Year
5.80%

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: 
  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
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
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Find out if the Symetra Income Edge is the right product for you.

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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

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.

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