Symetra Edge Pro(SM) Fixed Indexed Annuity Completes National Rollout
June 24, 2011 by Diana McSweeney
BELLEVUE, Wash., Jun 21, 2011 (BUSINESS WIRE) — Symetra Life Insurance
Company today announced that its new single-premium fixed indexed annuity (FIA)
product, Symetra Edge Pro(SM), is now available nationwide through its
distribution network of banks, broker-dealers and general agencies. This follows
an initial launch of the product with select partners in April 2011.
“We received positive feedback from distribution partners following our April
Edge Pro launch, and we look forward to giving more distributors and customers
the opportunity to examine the features of our innovative fixed indexed annuity
product,” said Dan Guilbert, executive vice president of Symetra’s Retirement
Division. “We believe Edge Pro offers a compelling option for customers — one
that delivers protection, access, tax-deferred growth and the opportunity to
create guaranteed retirement income.”
Designed to meet the retirement planning needs of customers looking for
diversification and principal protection, Symetra Edge Pro offers a choice of
two indexes — S&P 500(R) Index and the S&P GSCI(R) Excess Return Index
— as well as a fixed account option and guaranteed minimum value feature.
Symetra Edge Pro allows customers to allocate money to accounts where interest
is based on the performance of both indexes, giving their money a chance to grow
through the power of diversification.
For more information about Symetra Edge Pro, visit www.symetra.com/edge-pro
or call the Symetra Life and Retirement Sales Desk at 1-800-706-0700.
About Symetra
Symetra Life Insurance Company is a subsidiary of Symetra Financial
Corporation /quotes/zigman/474717/quotes/nls/sya SYA
-0.83% , a
diversified financial services company based in Bellevue, Wash. In business
since 1957, Symetra provides employee benefits, annuities and life insurance
through a national network of benefit consultants, financial institutions, and
independent agents and advisors. For more information, visit www.symetra.com .
Symetra Edge Pro Fixed Indexed Annuity is an individual single premium fixed
indexed deferred annuity with a market value adjustment feature issued by
Symetra Life Insurance Company, 777 108th Ave. NE, Suite 1200, Bellevue, WA
98004. Contract form number is RSC-0341 11/10 for most states and in Oregon
RSC-0341/OR/NQ 11/10. Product not available in all U.S. states or any U.S.
territory.
Guarantees and benefits are subject to the claims-paying ability of Symetra
Life Insurance Company.
Symetra Edge Pro Fixed Indexed Annuity has fixed and indexed accounts.
Interest credits for indexed accounts are affected by the value of outside
indices. Values and benefits based on the performance of any index are not
guaranteed and may increase or decrease. The contract does not directly
participate in any outside investment. Interest in the indexed accounts may not
be credited due to the method used to calculate and credit interest.
Standard & Poor’s(R)”, “S&P(R)” and “S&P GSCI(R)” are registered
trademarks of Standard & Poor’s Financial Services LLC and have been
licensed for use by Symetra Life. Symetra Edge Pro is not sponsored, endorsed,
sold or promoted by Standard & Poor’s and Standard & Poor’s does not
make any representation regarding the advisability of investing in Symetra Edge
Pro. The S&P GSCI(R) Index is not owned, endorsed, or approved by or
associated with Goldman Sachs & Co. or its affiliated companies.
It is not possible to invest in an index.
Symetra(R) and the Symetra Financial logo are registered service marks of
Symetra Life Insurance Company.
Symetra Edge(sm) is a service mark of Symetra Life Insurance Company.
AOXP-366 6/11
SOURCE: Symetra Financial
Symetra Financial
Diana McSweeney, 425-256-6167
diana.mcsweeney@symetra.com
Copyright Business Wire 2011
