Symetra Life Insurance Company
4
based on complex data
Annuity Educator Rating
Annuity review

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-brochure Symetra Select Pro with ROP-brochure

Symetra Select Pro with ROP

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About Product

Premium Type
Single Premium with Additional
Fee withdrawal:
15%
Market Value Adjustment
No
Return Of Premium
Yes
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
90
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, and Inherited IRA
Launch Date
02/15/2022

MYGA Interest Rates

Term
Rate
Annual percentage yield (APY)
earned over the investment term
3 years 3.3%
5 years 3.8%
7 years 3.8%
Symetra Select Pro is a modified single-premium fixed deferred annuity. Select Pro Fixed Deferred Annuity can help serve as a foundation of stability for your retirement portfolio by providing both accumulation and lifetime income options, and also providing for loved ones. Features include: 
  • 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. 
Minimum purchase payment 
  • $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.
Free annual withdrawals
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. 
Additional guarantees for more control
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. 

Year by Year Account Balance

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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.

Company Founded: 1957
Excellent Rated Company
Symetra Life Insurance Company
Company Ratings
4.4
  • A.M. Best A
  • S&P A
  • Moody's A1
  • Comdex 79
Assets: $44,755,072,193
Iowa

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