Symetra Select Pro with ROP
The Symetra Life Insurance Company finds itself in the financial service and insurance sector ever since its inception in 1957. Serving as a subsidiary of Symetra Financial Corporation, the company is known for its broad scope of life insurance policies and annuity types available. Striving to meet the ever-changing needs of its customer base, Symetra delivers customizable insurance solutions through not only its variety of offerings but also its riders and add-ons to give additional coverage and flexibility to clients. With an ongoing investment in technology and digital reform to enhance customer experience and streamline operations, Symetra has recently introduced its Symetra SwiftTerm term life insurance which offers instant coverage for eligible applicants.
Symetra Select Pro with ROP
Ratings:
- A.M. Best A
- S&P A
- Moody's A1
- Comdex 79
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 3.2% |
| 5 years | 3.5% |
| 7 years | 3.5% |
- 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.
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