Symetra Stride with GLWB
Retirement plans can be tricky but not with Symetra Stride with GLWB. Offering security and guaranteed lifetime income, it is a good friend to have in your golden years.
With benefits like flexibility in withdrawals and protection from market downturns, it truly champions your hard-earned money. Say yes to peaceful futures with Symetra Stride.
Symetra Stride with GLWB
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.85%
Fixed
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
53%
Participation
|
| 2-Year JP Morgan ETF Efficiente 5 PTP Participation Rate |
Point to Point
Biennial
|
190%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 1-Year Putnam Dynamic Low Volatility ER PTP Cap |
Point to Point
Annual
|
10%
Cap
|
| 1-Year JP Morgan ETF Efficiente 5 PTP Cap |
Point to Point
Annual
|
14%
Cap
|
| 2-Year Putnam Dynamic Low Volatility ER 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 JP Morgan ETF Efficiente 5 PTP Participation Rate |
Point to Point
Annual
|
120%
Participation
|
| 1-Year Putnam Dynamic Low Volatility ER PTP Participation Rate |
Point to Point
Annual
|
150%
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
| Name | Inbuilt | Fee |
|---|---|---|
| Signature GLWB Rider | No | 1.10% annually (2.50% max) |
Waivers
Hospital
If you’re confined to a nursing home or hospital for at least 30 consecutive days, we’ll waive your withdrawal charges and MVAs. We’ll also waive those charges and MVAs for up to 90 days after your release. Additional requirements are explained in the annuity contract. This waiver is not available in all states.
Nursing Home
Unavailable in states: CA
If you’re confined to a nursing home or hospital for at least 30 consecutive days, we’ll waive your withdrawal charges and MVAs. We’ll also waive those charges and MVAs for up to 90 days after your release. Additional requirements are explained in the annuity contract. This waiver is not available in all states. The nursing home waiver does not include home health care.
Terminal Illness
Unavailable in states: CA
If you are diagnosed with a terminal illness after your contract is issued, we’ll waive withdrawal charges and applicable MVAs after your first contract year. Additional requirements are explained in your contract. This waiver is not available in all states.
Annuitization
Anytime after your first contract year and before your 96th birthday, you may convert your contract value to an income stream that pays you over a specific period of time or for your lifetime. If you elect the optional withdrawal benefit at the time of purchase, choosing to annuitize will terminate the withdrawal benefit and the charges no longer apply.
Withdrawal Provisions
Free annual withdrawalsAfter the first year, you can withdraw up to 7% of your contract value each contract year without paying withdrawal charges or MVAs. If you withdraw more than 7% during the withdrawal charge period, a withdrawal charge and MVA may apply to 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.
- A.M. Best A
- S&P A
- Moody's A1
- Comdex 79
