Symetra Income Edge
The Symetra Income Edge is an excellent choice for those planning for a comforting retirement. Known for guaranteed lifetime income, it provides peace of mind as you'll never run out of money. It's a trusty safety net for your golden years!
On top of the reliable income, Symetra's annuity offers flexibility with access to cash when needed. Plus, protection against market volatility means your retirement income is secure. Experience a worry-free retirement with Symetra Income Edge!
Symetra Income Edge
About Product
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.
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.
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.
- A.M. Best A
- S&P A
- Moody's A1
- Comdex 79
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