Select Max
Symetra Life Insurance Company
5%
Best Rate
50
States
Symetra Select Max is a fixed deferred annuity that guarantees you'll earn a set interest rate (3, 5, or 7 years) while protecting your savings from market volatility. It's designed for people nearing or in retirement who want stable, predictable growth with tax advantages and income flexibility.
Available In
50 states
Min Premium
$10,000
Surrender
7 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.6% |
| 5-Year | 4.9% |
| 7-Year | 5% |
Key Features
Guaranteed Interest Rate
3, 5, or 7-year terms availableYou earn a fixed, guaranteed interest rate for your chosen term (3, 5, or 7 years), unaffected by market conditions
Tax-Deferred Growth
No current-year tax on earningsInterest compounds daily and grows tax-deferred; you only pay taxes when you withdraw money
Free Annual Withdrawals
100% of earned interest, penalty-freeYou can withdraw accumulated interest each year without any charges
Flexible Access Waivers
Nursing home, hospitalization, and terminal illness waiversWithdrawal charges are waived if you spend 30+ days in a nursing home/hospital or are diagnosed with terminal illness
Income Options
Payments over set years, lifetime, or joint lifetimeConvert your contract to regular lifetime income payments that can last as long as you live
Death Benefit
Full protection for heirsYour beneficiaries receive the greater of contract value, cash surrender value, or guaranteed minimum value
Minimum Purchase
$10,000 minimum, $1,000 additional payments allowedStart with $10,000 and add $1,000+ annually during the first year
Highlights
Guaranteed interest rate with zero market risk exposure
Tax-deferred growth enhanced by daily compounding interest
Flexible access to funds through free annual withdrawals and multiple waivers
Can be converted to lifetime income payments that can't be outlived
Starting with just $10,000 minimum, with ability to add $1,000+ during first year
Surrender Schedule
Yr 1
8%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
People at or near retirement age who want guaranteed, stable growth without market risk and plan to keep their money invested for at least 3-7 years.
Consider Alternatives If
This product is not suitable for people who need immediate access to all their money or who cannot commit to a long-term retirement savings strategy.
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