BELLEVUE, Wash.–(BUSINESS WIRE)–Symetra Life Insurance Company, a leading fixed annuity provider, has introduced two new fixed indexed annuities built for fee-based planning—Symetra Advisory Edge and Symetra Advisory Income Edge. Both annuities provide retirement customers with asset protection and interest crediting opportunities through multiple index options, including the JPMorgan ETF Efficiente^® 5 Index.

“The addition of Advisory Edge and Advisory Income Edge to Symetra’s broad suite of fixed indexed annuity products offers advisors greater choice and aligns with our commitment to providing transparent, flexible options that add value and fit the needs of today’s retirement marketplace,” said Kevin Rabin, vice president of Retirement Products. “Symetra’s commitment to adapting our products to meet our partners’ evolving needs is one of our core strengths. Expanding our lineup of commissionable FIAs to include these new fee-based products allows advisors and their clients to decide which planning model best suits their retirement objectives.”

Advisory Edge and Advisory Income Edge offer:

• Index Choices—Credited interest based on the performance of the ETF Efficiente Index and/or S&P 500^® Index, up to a cap.
• Protection of a Fixed Annuity—Purchase payments and previously credited interest are protected from market losses.

In addition:

• Lifetime Income with the Potential to Grow—Advisory Income Edge’s guaranteed lifetime withdrawal benefit (GLWB) provides income that can last a lifetime, with upside potential both before and after payments begin.

For more information about Symetra Advisory Edge, Symetra Advisory Income Edge or any of Symetra’s annuity products, contact the Symetra Retirement Sales Desk at 1-800-706-0700.

About Symetra

Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation, a diversified financial services company based in Bellevue, Washington. 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 Advisory Income Edge and Advisory Edge are individual single-premium fixed indexed deferred annuities with a market value adjustment feature. Annuities are issued by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004. Contract form number is ICC14_RC1in most states. The Guaranteed Lifetime Withdrawal Benefit Rider form number is ICC15_RE1 in most states. Product and rider are not available in all U.S. states or any U.S. territory. Terms and conditions may vary.

Market value adjustment does not apply in California.

A rider is a provision of the annuity with additional costs, potential benefits and features that should never be confused with the annuity itself.

Guarantees and benefits are subject to the claims-paying ability of Symetra Life Insurance Company.

Symetra Advisory Income Edge and Advisory Edge have fixed and indexed accounts. Interest credited to the indexed accounts is affected by the value of outside indexes. Values based on the performance of any index are not guaranteed. The contract does not directly participate in any outside investment.

If the contract is being funded with multiple purchase payments, e.g. 1035 exchanges, funds will be held and the contract will not be issued until all purchase payments have been received. Interest is not credited between the dates the purchase payments are received and the date the contract is issued.

Except for the JPMorgan ETF Efficiente 5 Index, the performance of an index does not reflect the payment or reinvestment of dividends.

It is not possible to invest in an index.

Symetra reserves the right to add or remove any index or indexed interest crediting method options. If any index is discontinued or if the calculation of any index is changed substantially, Symetra reserves the right to substitute a comparable index.

The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Symetra Life Insurance Company (SLIC). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and its affiliates and sublicensed for certain purposes by SLIC. Symetra Advisory Income Edge and Advisory Edge are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.

The JPMorgan ETF Efficiente® 5 (“JPM ETF Efficiente Index”) has been licensed to Symetra Life Insurance Company (the “Licensee”) for the Licensee’s benefit. Neither the Licensee nor Symetra Advisory Income Edge and Advisory Edge (the “Product”) is sponsored, operated, endorsed, recommended, sold or promoted by J.P. Morgan Securities LLC (“JPMS”) or any of its affiliates (together and individually, “JPMorgan”). JPMorgan makes no representation and gives no warranty, express or implied, to contract owners in or those otherwise taking exposure to the Product. Such persons should seek appropriate professional advice before making any investment. The JPM ETF Efficiente Index has been designed and is compiled, calculated, maintained and sponsored by JPMS without regard to the Licensee, the Product or any contract owner. JPMorgan is under no obligation to continue compiling, calculating, maintaining or sponsoring the JPM ETF Efficiente Index. JPMorgan may independently issue or sponsor other indices or products that are similar to and may compete with the JPM ETF Efficiente Index and the Product. JPMorgan may also transact in assets referenced in the Index (or in financial instruments such as derivatives that reference those assets). These activities could have a positive or negative effect on the value of the JPM ETF Efficiente Index and the Product.

Interest is credited to indexed accounts using a point-to-point crediting method which compares the value of the index at the beginning of the one-year interest term to its value at the end of the interest term, subject to a cap (maximum). The indexed interest cap is set at the beginning of each interest term. If the index performance is positive, interest is credited for that term, not to exceed the cap. If the index performance is negative, no interest is credited for that term.

The interest for each indexed account option is calculated separately and is subject to its own floor and cap. Indexed interest is calculated and credited (if applicable) at the end of each annual interest term.

Withdrawals from an indexed account before the end of the term will not receive interest for that term.

We will deduct the GLWB Rider Charge for each Interest Term the Rider is in effect. Please refer to the contract for more information.

Products and services vary by distributor.

Symetra Life Insurance Company, 777 108th Ave NE, Suite 1200, Bellevue, WA 98004. All rights reserved.

Symetra® is a registered service mark of Symetra Life Insurance Company.