Symetra Joins Hueler’s Income Solutions® Platform
September 30, 2015 by Business WIre
BELLEVUE, Wash., Sep 29, 2015 (BUSINESS WIRE) — Symetra Life Insurance Company today announced it is partnering with Hueler Investment Services, Inc. to offer a Symetra single premium immediate annuity (SPIA) and deferred income annuity (DIA) on the Hueler Income Solutions® platform.
The Income Solutions® platform is a fully automated, competitive Annuity Marketplace℠ created specifically for “transitioning investors.” These investors include both active employees and retirees who have reached a point in their lives where they want or need to convert a portion of their retirement savings into a reliable income stream.
The Income Solutions® platform includes deferred income annuities, which allow individuals to remove certain risks from their retirement plan by guaranteeing a future stream of lifetime income that is not subject to market volatility. The platform added these annuities in 2013 in response to a significant demand in the marketplace for products that meet the needs of individuals looking to secure income starting at a future date.
“Symetra is pleased to partner with Hueler and join the Income Solutions® platform, offering both a SPIA and DIA option,” said Dan Guilbert, executive vice president of Symetra’s Retirement Division. “We believe there is a real growth opportunity in providing retirement income alternatives on an institutional basis. As baby boomers retire and seek to turn their retirement savings into lifetime income, Symetra, through the Income Solutions® platform, can offer our income annuity solutions that allow individuals to create a steady stream of income that is guaranteed for life.”
“Hueler is very excited to include Symetra as a participating provider on the Income Solutions® platform as we continue to enhance our unique model for lifetime income delivery,” said Kelli Hueler, founder and CEO, Hueler Companies.
About Symetra
Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation SYA, +0.37% 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.
About Hueler Companies and Income Solutions®
Hueler Companies, Inc. and its affiliates (together, Hueler Companies) located in Minneapolis, Minnesota, was founded in 1987 as a consulting/data research firm. The firm is now recognized as a leading technology and research firm offering key resources for the analysis, selection and implementation of stable value and annuity products.
In 2004 Hueler Investment Services, Inc. launched the groundbreaking Income Solutions® platform, a web-based lifetime income annuity purchase system. The platform was designed to facilitate the creation of lifetime income for transitioning investors. Today, the Income Solutions® platform is made available to millions of individuals and thousands of retirement plans through Hueler Companies’ unique partnerships with leading financial service firms, employers, and non-profit member organizations.
SYC-1073 9/15
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SOURCE: Symetra Life Insurance Company
Symetra Life Insurance Company
Diana McSweeney, 425-256-6167
diana.mcsweeney@symetra.com
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