Edge Elite
Symetra Life Insurance Company
18%
Best Cap
10%
Free W/D
Edge Elite is a fixed indexed annuity that combines principal protection with market-linked growth potential, designed for retirees who want to grow savings while protecting against market downturns.
Free Withdrawal
10%/yr
Available In
1 states
Min Premium
$25,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| J.P. Morgan ETF Efficiente 5 Index | 2-Year | -- | 260% | -- |
| J.P. Morgan ETF Efficiente 5 Index | Annual | 18% | 100% | -- |
| Nasdaq-100 Index | Annual | 9.75% | 100% | -- |
| Putnam Dynamic Low Volatility Excess Return Index | 2-Year | -- | 300% | -- |
| Putnam Dynamic Low Volatility Excess Return Index | Annual | 18% | 100% | -- |
| S&P 500 Index | 2-Year | -- | 70% | -- |
| S&P 500 Index | Annual | 9.25% | 100% | -- |
| Fixed Account | Daily | -- | -- | 4.15% |
Key Features
Principal Protection
100% of purchase payment guaranteedContract value won't decline due to market performance; guaranteed to receive at least your original purchase payment at end of withdrawal charge period (minus withdrawals)
Indexed Interest Crediting
Varies by account selectionInterest calculated based on performance of market indexes using either caps (maximum earnings), participation rates (percentage of index gain), or trigger rates (guaranteed return if index positive)
Enhanced Participation Rates
1% annual charge, example shows 7.81% vs 6.67% hypothetical returnHigher participation rates guaranteed not to change during withdrawal charge period in exchange for annual charge (e.g., 200% participation vs. 150% standard)
Tax-Deferred Growth
Tax deferral until withdrawalInterest credited compounds without annual income tax; taxes due only on withdrawals
Free Annual Withdrawal
10% per year, charge-freeCan withdraw up to 10% of contract value annually during withdrawal charge period without charges or market value adjustments
Withdrawal Charge Period
5-year: 9%-0% decline; 7-year: 9%-0% decline5 or 7-year period where surrender charges apply to withdrawals over 10% annual amount; charges decline annually and disappear after period ends
Account Flexibility
17 total account optionsChoose from 16 indexed account options (4 indexes × different crediting methods and terms) plus fixed account; can transfer between accounts at end of interest terms
Market Value Adjustment
Varies based on interest ratesAdjustment (positive or negative) applied to surrenders during withdrawal charge period, based on Bloomberg Corporate Bond Index yield changes since contract date (not available in CA)
Health-Related Waivers
Waiver available in most statesWaive withdrawal charges and MVAs if confined to nursing home/hospital for 30+ consecutive days or diagnosed with terminal illness after first year
Death Benefit
Full remaining contract value to heirsBeneficiaries receive greater of: contract value, cash surrender value (with charges/MVAs), or original purchase payment adjusted for withdrawals
Annuitization Option
Optional lifetime or period-certain incomeConvert contract value to income stream anytime after first year and before age 96
Minimum Purchase
$25,000 minimumSingle premium payment required to establish contract
Guaranteed Minimum Accumulation Benefit
Return of principal guaranteedAt end of withdrawal charge period, contract value guaranteed to equal original purchase payment (less withdrawals/charges); any shortfall covered by company
Highlights
Principal protection guarantees you won't lose money due to market performance, with a floor that protects your purchase payment
Growth potential linked to four market indexes (S&P 500, Nasdaq 100, JPMorgan ETF Efficiente 5, Putnam Dynamic Low Volatility) with caps, participation rates, or trigger rates
Enhanced participation rate accounts offer higher growth potential with guaranteed rates during the withdrawal charge period for an annual fee
Tax-deferred growth means interest compounds without annual tax burden until you withdraw
Flexible access with 10% annual free withdrawals, waivers for nursing home/hospitalization/terminal illness, and annuitization options
Surrender Schedule
Yr 1
8.3%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Best For
Retirees or near-retirees who want principal protection combined with market-linked growth, can commit funds for 5-7 years, and prefer tax-deferred accumulation over direct market investing.
Consider Alternatives If
Investors who need immediate liquidity without penalties, prefer direct market exposure without caps or participation limits, or cannot tolerate the fees and complexity of indexed crediting mechanics.
Carrier Ratings
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