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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%

Symetra Prestige

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Highlights

Symetra Prestige is a single-premium fixed indexed annuity with an optional guaranteed lifetime withdrawal benefit rider (withdrawal benefit), Signature Plus.
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 Accumulation
Term
10 Years
Surrender schedule
9%9%8%7%6%5%4%3%2%1%
Free withdrawal
1st year: 0%
2nd+ year: 7%
Market value adjustment
Return of premium
Launch date
05/26/2020
Minimum contribution
$25,000
Maximum contribution
$1,000,000
Max Age Qualified
80
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, 1035 Exchange, and Inherited IRA
Brochure
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Find out if the Symetra Prestige is the right product for you.

Premium Notes

Note:
Inherited IRA’s can only be issued without the GLWB rider and the Beneficiary must either be a Spouse or an EDB (Eligible Designated Beneficiary). 

Withdrawal Provisions

Free annual withdrawals
After the first contract year, clients can withdraw up to 7% of their contract value each contract year without paying withdrawal charges or applicable market value adjustments (MVA's). If they withdrawal more than 7% during the withdrawal charge period, a withdrawal charge and an MVA may apply on the amount over 7%. The 7% penalty-free amount is no longer available after lifetime withdrawals begin if the withdrawal benefit is elected at purchase. Any amounts withdrawn from an indexed account before the end of the interest term will not receive interest for that term (since indexed interest is only credited at the end of each interest term).

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.85% Fixed
2-Year SG Columbia Global Market States PTP Participation Rate
Point to Point
Biennial
230% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
10.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year SG Columbia Global Market States PTP Participation Rate
Point to Point
Annual
155% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 9% 8% 7% 6% 5% 4% 3% 2% 1%

Riders

No Riders for Symetra Prestige annuity.

Waivers

Hospital

If clients are confined to a nursing home and/or hospital for at least 30 consecutive days, Symetra will waive withdrawal charges and applicable MVAs. This waiver must be requested during confinement or within 90 days after confinement ends. If confined on the contract issue date, a 12-month exclusion period applies.

Nursing Home

Unavailable in states: CA

If clients are confined to a nursing home and/or hospital for at least 30 consecutive days, Symetra will waive withdrawal charges and applicable MVAs. This waiver must be requested during confinement or within 90 days after confinement ends. If confined on the contract issue date, a 12-month exclusion period applies. The nursing home waiver does not include home health care.

Terminal Illness

Unavailable in states: CA

If clients are diagnosed with a terminal illness after the first contract year, Symetra will waive withdrawal charges and applicable MVAs. Additional requirements are explained in the contract.

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