Symetra Income Edge Plus
Symetra Life Insurance Company
13%
Best Cap
10%
Free W/D
50
States
A single-premium fixed indexed annuity that provides guaranteed lifetime income through a withdrawal benefit rider, protecting your principal from market losses while offering growth opportunities through indexed accounts. Designed for retirees seeking reliable income in any market condition.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$10,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| J.P. Morgan ETF Efficiente 5 Index | Annual | 13% | 100% | -- |
| Nasdaq-100 Index | Annual | 5.25% | 100% | -- |
| S&P 500 Index | Annual | 4.75% | 100% | -- |
| Fixed Account | Daily | -- | -- | 2.65% |
Key Features
Guaranteed Lifetime Withdrawal Benefit (GLWB)
1.20% annual rider chargeAnnual withdrawal amount guaranteed for life, calculated as contract value multiplied by an age and deferral-based withdrawal percentage. Amount never decreases due to market performance.
Principal Protection
0% floor on indexed accountsContract value protected from market declines. If indexed account performance is negative, you receive no interest but your principal is preserved.
Flexible Income Options
Up to 10 years of guaranteed annual increases before withdrawals beginChoose Level Income (fixed amount) or Auto-Increase Income (annual growth) for lifetime withdrawals. Can begin immediately or defer to increase future benefit amounts.
Multiple Growth Accounts
4 account options with flexible reallocationAllocate premium to S&P 500 Index, Nasdaq 100 Index, JPMorgan ETF Efficiente 5 Index (target volatility), or fixed account. Transfer between accounts at end of each 1-year term.
Tax-Deferred Growth
Tax deferral until withdrawalContract value grows tax-deferred until withdrawal. Earnings not taxed until money is withdrawn.
Free Annual Withdrawals
10% penalty-free withdrawalWithdraw up to 10% of contract value annually without surrender charges or market value adjustments before GLWB begins.
RMD-Friendly
Excess RMD withdrawals don't impact guaranteed incomeExcess withdrawals needed to satisfy Required Minimum Distributions do not reduce your guaranteed maximum withdrawal amount.
Highlights
Guaranteed lifetime income regardless of market performance or contract value
Principal protection with zero downside from market declines
Flexible withdrawal options including automatic annual increases to offset inflation
Tax-deferred growth with choice of indexed accounts (S&P 500, Nasdaq 100, JPMorgan ETF) or fixed account
RMD-friendly design where excess withdrawals don't reduce guaranteed income
Surrender Schedule
Yr 1
8%
Yr 2
8%
Yr 3
7%
Yr 4
7%
Yr 5
6%
Yr 6
5%
Yr 7
4%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Retirees aged 50-85 seeking guaranteed lifetime income with principal protection and growth potential, particularly those concerned about outliving assets or market downturns early in retirement.
Consider Alternatives If
Those needing immediate liquidity or frequent access to large sums, as surrender charges and market value adjustments apply during the 7-year withdrawal charge period.
Carrier Ratings
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