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Symetra Life Insurance Company

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Financial Ratings

A.M. Best AExcellent
Standard & Poor’s (S&P) AStrong

About Symetra Life Insurance Company

Symetra Life Insurance Company offers a wide range of insurance and retirement solutions tailored to individuals, families, and businesses. Among its retirement products, Symetra provides multi-year guaranteed annuities (MYGAs)such as the Symetra Select Max® and Edge Elite®, which offer guaranteed interest rates over fixed periods. They also offer fixed indexed annuities (FIAs) like Edge Pro® and Edge Plus®, which combine guaranteed principal protection with potential growth linked to market indices. For income planning, Symetra features deferred income annuities such as Income Edge®, as well as immediate annuities for those seeking to convert a lump sum into steady income right away. In the life insurance space, Symetra provides term life insurance (e.g., Symetra Term) for affordable temporary coverage, along with universal life (UL) and indexed universal life (IUL) products like UL-GAccumulator UL, and Accumulator IUL, which offer lifelong protection and the ability to build cash value. Additionally, Symetra supports employers with a robust portfolio of employee benefits, including group life, short- and long-term disability insurance, critical illness and accident coverage, and stop-loss insurance to help manage catastrophic health claims. Their offerings emphasize flexibility, financial stability, and customizable protection to meet evolving needs.

Product Lineup

Edge Elite

Annuity

Guaranteed Growth + Guaranteed Income

Guaranteed GrowthGuaranteed Minimum Interest Rate specified in contract
Tax DeferralTax-deferred until withdrawal
Guaranteed Income (Annuitization)Age 101 is the latest you can convert; Exclusion Ratio provides tax-free return of principal on nonqualified contracts
Annual Free Withdrawal10% annual free withdrawal

Best for: Individuals approaching or in retirement who want guaranteed growth, tax deferra...

Details

Edge Elite

Fixed Indexed Annuity

Protected growth linked to market indexes

Principal Protection100% of purchase payment guaranteed
Indexed Interest CreditingVaries by account selection
Enhanced Participation Rates1% annual charge, example shows 7.81% vs 6.67% hypothetical return
Tax-Deferred GrowthTax deferral until withdrawal

Best for: Retirees or near-retirees who want principal protection combined with market-lin...

Details

Edge Elite

Fixed Indexed Annuity

Market growth with principal protection

Principal Protection (0% Floor)100% downside protection
Indexed Growth OpportunitiesMultiple index and crediting options
Tax-Deferred GrowthTax deferral benefit
Free Annual Withdrawals15% annual free access

Best for: People approaching or in retirement who want market-linked growth potential but ...

Details

Edge Revolution

Fixed Indexed Annuity

Index-linked growth with guaranteed income floor

Index-Linked Interest CreditingFour indexes available: S&P 500, Nasdaq-100, JPMorgan ETF Efficiente 5, Franklin Large Cap Value 15% ER
Guaranteed Minimum ValueSpecified on your Contract Data Page; protects death benefits and annuity payments
Free Withdrawal Allowance15% annual free withdrawal limit
Flexible AccessMinimum withdrawal: $500; hospital/nursing home and terminal illness waivers available

Best for: Individuals age 85 or younger with at least $25,000 to invest who want market-li...

Details

Edge Revolution

Fixed Indexed Annuity

Indexed Growth with Guaranteed Income Protection

Indexed Interest with Floor ProtectionMultiple crediting methods with participation rates and caps declared annually
Annual Free Withdrawals15% of contract value per contract year
Flexible Withdrawal Charge Period5-year or 7-year options, decreasing from 9% to 0%
Multiple Annuity Payment OptionsOptions beginning after first contract anniversary

Best for: People age 85 or younger seeking long-term retirement income growth with downsid...

Details

Select Max

Annuity

Guaranteed growth. No market risk. Tax-deferred.

Guaranteed Interest Rate3, 5, or 7-year terms available
Tax-Deferred GrowthNo current-year tax on earnings
Free Annual Withdrawals100% of earned interest, penalty-free
Flexible Access WaiversNursing home, hospitalization, and terminal illness waivers

Best for: People at or near retirement age who want guaranteed, stable growth without mark...

Details

Select Pro

Annuity

Guaranteed growth + tax deferral + lifetime income options

Guaranteed Interest Rate3, 5, or 7 year terms available
Minimum Purchase$10,000
Additional Contributions$1,000 or more per payment
Free Annual WithdrawalsUp to 15% of contract value

Best for: Retirees and pre-retirees seeking guaranteed growth, market protection, tax-defe...

Details

Select Pro NY

Annuity

Guaranteed growth. No market risk. Lifetime income options.

Guaranteed Interest Rate3, 5, or 7 year terms available
Tax-Deferred GrowthTaxes deferred until withdrawal
Free Annual WithdrawalsUp to 15% per contract year
Nursing Home and Hospitalization Waiver30-day trigger; available in most states

Best for: Retirees and near-retirees who want guaranteed growth without market risk, prefe...

Details

Symetra Income Edge Plus

Fixed Indexed Annuity

Guaranteed Income for Life in Any Market

Guaranteed Lifetime Withdrawal Benefit (GLWB)1.20% annual rider charge
Principal Protection0% floor on indexed accounts
Flexible Income OptionsUp to 10 years of guaranteed annual increases before withdrawals begin
Multiple Growth Accounts4 account options with flexible reallocation

Best for: Retirees aged 50-85 seeking guaranteed lifetime income with principal protection...

Details

Symetra Income Edge Plus

Fixed Indexed Annuity

Guaranteed Income for Life, in Any Market

Guaranteed Lifetime Withdrawal Benefit (GLWB)1.20% annual rider charge
Principal Protection0% floor on market losses
Indexed Account OptionsAnnual crediting with caps or participation rates
Income FlexibilityMonthly, quarterly, semi-annual, or annual payments

Best for: Retirees aged 50-85 seeking guaranteed lifetime income protection from market do...

Details

Symetra Prestige

Fixed Indexed Annuity

Growth + Guaranteed Lifetime Income

Indexed Growth Accounts1-year or 2-year interest terms
Fixed Account OptionMinimum guaranteed rate per contract
Principal Protection0% downside on indexed accounts
Signature Plus Withdrawal BenefitAvailable for ages 50+

Best for: Individuals age 50+ approaching or in retirement who want tax-deferred growth wi...

Details

Symetra Stride

Fixed Indexed Annuity

Fixed Indexed Annuity with Guaranteed Lifetime Income Option

Index-Linked GrowthGrowth potential with participation rates or caps applied
Principal ProtectionGuaranteed minimum return of premium plus any earned interest
Signature Withdrawal Benefit RiderIncome for life based on age and benefit base with annual charge up to 2.5%
Free Annual Withdrawals7% penalty-free withdrawal right

Best for: Retirees age 50 and older seeking a combination of growth potential and guarante...

Details

Financial Ratings

Live from CANNEX

Rating Agency

A.M. Best

Rating

A

Description

Excellent

Effective

January 15, 2010

Rating Agency

Moody's

Rating

A1

Description

Good

Effective

January 30, 2018

Rating Agency

Standard & Poor's

Rating

A

Description

Strong

Effective

January 15, 2010

Rating Analysis

Symetra Life Insurance Company maintains strong financial strength ratings from the major independent rating agencies, reflecting its solid capital position, prudent risk management, and long-term stability. As of the most recent updates, A.M. Best has assigned Symetra a rating of A (Excellent), indicating a strong ability to meet ongoing insurance obligations (updated April 24, 2024). Standard & Poor’s (S&P) also rates the company A (Strong), suggesting a stable outlook and sound financial performance (updated April 1, 2024). Additionally, Moody’s has awarded Symetra an A1 rating, recognizing its good credit quality and financial reliability (updated February 26, 2025). These consistently high ratings are a testament to Symetra’s financial health, operational discipline, and the backing of its parent company, Sumitomo Life Insurance. They offer policyholders and annuity contract holders confidence in the company’s long-term ability to fulfill its commitments.

Symetra Life Insurance Company Products

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