Symetra Select Pro with ROP
The Symetra Select Pro is a fixed deferred annuity specially designed to secure your retirement with guaranteed interest and minimal market risks. It adds stability to your portfolio with minimal commitment of just $10,000 initially and allows for additional payments throughout the first year, making it a flexible investment choice. Plus, it offers lifetime income and provides for loved ones, promising the reliability of a lifetime payout.
What's exciting is the potential for your investment to accumulate through tax-deferred compounding. Symetra ensures you receive an interest rate that defies fluctuating market conditions, offering you peace of mind. And the cherry on top? The annuity guarantees a return of your purchase payment ensuring you never make a loss. If life throws curveballs at you with health issues, this annuity product has got you covered with the option to access your money without withdrawal charges.
Symetra Select Pro with ROP
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.2% |
| 5 years | 3.8% |
| 7 years | 3.8% |
- 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.
You also have the option to select a guaranteed return of purchase payment (GROPP), which ensures you will never receive less than what you contributed to your annuity, minus any prior withdrawals.
Riders
No Riders for Symetra Select Pro with ROP 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
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