What is the minimum guaranteed surrender value for First Symetra – Select Max® Fixed Deferred Annuity (5- and 7-Year Terms, NY)?

Issued by First Symetra National Life Insurance Company of New York, the Select Max® is available exclusively in New York and can be funded with qualified or non-qualified money. Contracts may be issued with guarantee periods of 5 or 7 years, depending on client needs. The minimum premium is $10,000, with deposits above $1 million requiring company approval. Issue ages extend up to 90, making the product accessible to a wide range of policyholders. Upon death, beneficiaries receive the full contract value, payable without surrender charges.

What is the minimum premium amount for First Symetra – Select Max® Fixed Deferred Annuity (5- and 7-Year Terms, NY)?

The minimum premium amount is $10,000.

What is the maximum issue age for First Symetra – Select Max® Fixed Deferred Annuity (5- and 7-Year Terms, NY)?

The maximum issue age is 90 years.

What is the current interest rate for First Symetra – Select Max® Fixed Deferred Annuity (5- and 7-Year Terms, NY)?

The current interest rate is 3.65%.

What is the surrender charge schedule for First Symetra – Select Max® Fixed Deferred Annuity (5- and 7-Year Terms, NY)?

Withdrawals exceeding the annual free-interest allowance, or full surrender during the 5- or 7-year term, are subject to declining surrender charges. For the 5-year option, charges begin at 7% in year one and reduce annually until expiring after year five. For the 7-year option, the schedule extends through year seven, ending at 1%. An MVA may also apply.

What are the best rates available for First Symetra – Select Max® Fixed Deferred Annuity (5- and 7-Year Terms, NY)?

The best available rate is 4.40% for a 7 year term.

First Symetra National Life Insurance Company Of New York

First Symetra – Select Max® Fixed Deferred Annuity (5- and 7-Year Terms, NY)

About this product

The First Symetra Select Max® Fixed Deferred Annuity is a single-premium MYGA designed to provide guaranteed interest rates and principal protection through multi-year guarantee periods of 5 or 7 years. It offers stable growth with penalty-free annual withdrawals of earned interest, while maintaining protection against market volatility. Withdrawals above the free allowance are subject to surrender charges, and a Market Value Adjustment (MVA) may apply. At the end of the selected guarantee term, policyholders may choose to renew into a new period, withdraw funds in full, or annuitize for guaranteed income.

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

3 Years	4.10%
5 Years	4.40%
7 Years	4.40%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$10,000.00 - $49,999.00	3.65%
$50,000.00 - $99,999.00	3.75%
$100,000.00 - $249,999.00	4.1%
$250,000.00 - $1,000,000.00	4.15%

Features
Maximum Issue Age	90 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

Additional Options

Actual payout options may vary by insurance carrier and specific products. Common alternatives include:

Life Income Only: Payments for the rest of your life, stopping upon death
Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain: Lifetime payments with a minimum guaranteed period
Joint Life: Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal: Regular withdrawals of a specified amount or percentage