Symetra Select Max
The Symetra Select Max Fixed Deferred Annuity is a great way to ensure a stable path to retirement. It offers guaranteed growth, providing you with a reliable interest rate with no exposure to market risk. This annuity, purchasable with a single lump sum, gives you the option to add payments during your contract's first year ensuring flexibility in your investment.
Perks also include the ability to accumulate more through tax-deferred and compounding interest. Accessing parts or all of your money without withdrawal charges is also handy. With Select Max, the worry of future financial instability disappears, making your golden years truly golden!
Symetra Select Max
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 3.95% |
| 5 years | 4.3% |
| 7 years | 4.35% |
- The reliability of an interest rate with no exposure to market risk.
- The ability to accumulate more through tax-deferred and compounding interest.
- The ability to access a portion or, in certain cases, all of the money in your contract without withdrawal charges.
- $10,000
- You can add purchase payments of $1,000 or more throughout the first year of your contract. Payments are accepted in a lump sum or monthly payments up to $1mil without home office approval.
Accumulated interest earned (minus previous interest withdrawn) can be withdrawn free of charge.
Market Value Adjustments (MVA)
In some circumstances, an MVA may apply when you withdraw money from your contract, because changes in the interest rate environment may alter the amount you withdraw. Adjustments are based on the change in the Bloomberg Barclays US Intermediate Corporate Bond Index yield between the day the contract was issued and the day the withdrawal is taken. The adjustment to the amount you withdraw will either be a credit (resulting in an increased amount) or a charge (resulting in a decreased amount) paid to you. MVA is not applicable in CA.
When you purchase your annuity, you’ll also name primary and contingent beneficiaries for your contract. Upon your death, your beneficiaries will receive the greater of:
- The contract value (which does not reflect any current withdrawal charge or MVA);
- The cash surrender value (reflecting any applicable withdrawal charge and MVA); or
- The guaranteed minimum value.
Riders
No Riders for Symetra Select Max annuity.
Waivers
Hospital
Unavailable in states: CA
If you spend 30 consecutive days in a nursing home or hospital, all withdrawal charges and market value adjustments (MVAs) are waived. You have up to 90 days after leaving a facility to request a qualifying distribution.
Nursing Home
Unavailable in states: CA
If you spend 30 consecutive days in a nursing home or hospital, all withdrawal charges and market value adjustments (MVAs) are waived. You have up to 90 days after leaving a facility to request a qualifying distribution. The nursing home waiver does not include home health care.
Terminal Illness
Unavailable in states: CA
After the first year, withdrawal charges and MVAs are waived if you are diagnosed with a terminal illness.
- A.M. Best A
- S&P A
- Moody's A1
- Comdex 79
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