Symetra Select Pro
Looking for a secure way to grow and guard your retirement savings? The Symetra Select Pro Annuity might be your answer. This annuity contract, purchased with a minimum sum of $10,000, guarantees an interest rate over a fixed period - meaning your hard-earned savings can grow stably over time.
Worried about market uncertainties or maintaining control over your money? The beauty of this product is its immunity to market fluctuations and its tax-deferred growth. Even better, you retain full control, with the option to withdraw a portion or even the entirety of your money without withdrawal charges. The Symetra Select Pro truly exemplifies hassle-free, assured retirement planning.
Symetra Select Pro
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 3.85% |
| 5 years | 4.2% |
| 7 years | 4.25% |
- 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.
Withdrawals of up to 15% of the contract value per contract year are free of withdrawal charges.
Death benefit
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 charges); or
- The guaranteed minimum value.
Riders
No Riders for Symetra Select Pro annuity.
Waivers
Hospital
Unavailable in states: CA
If you spend 30 consecutive days in a nursing home or hospital, all withdrawal charges 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 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 are waived if you are diagnosed with a terminal illness.
- A.M. Best A
- S&P A
- Moody's A1
- Comdex 79
