SYMETRA NEWSROOM
Symetra Enhances Registered Index-Linked Annuities Suite
BELLEVUE, Wash. — (Jul. 12, 2022) — Amidst ongoing market volatility, Symetra Life Insurance Company today announced new enhancements to its suite of registered index-linked annuities (RILAs), including new indexed account choices for Symetra Trek® Plus, and a new Auto Return Lock feature available for all RILAs.
- Symetra Trek® Plus new indexed account options—Symetra added five new optional indexed account choices with a 10% buffer, 1-year term, and 1% charge. Symetra now offers even more competitive 1-year cap rates for a RILA product.
- New Auto Return Lock—Symetra also enhanced the Return Lock feature with an automatic option. Return Lock allows Symetra RILA contract holders to lock in the value of any indexed account in which they have allocated money, any day during the interest term, effective the next business day. Auto Return Lock enables a customer or their financial professional to set a target return percentage to automatically initiate a Return Lock.
“The addition of the new accounts and the Auto Return Lock continues Symetra’s commitment to offer registered representatives and their clients transparent, flexible options that are designed to add value and fit customer needs in today’s marketplace. We believe these enhancements offer efficient, customer-friendly solutions in volatile times,” said Kevin Rabin, senior vice president, Retirement Products.
Symetra RILAs are single-premium deferred annuities with index-linked interest options providing growth potential and some downside protection.
Symetra entered the RILA marketplace in March 2019 with Symetra Trek®. Symetra RILAs have been recognized by Barron’s on their annual ‘Top Annuities’ list for three consecutive years, 2019-2021.1
About Symetra
Symetra Financial Corporation is a diversified financial services company based in Bellevue, Washington. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent financial professionals and insurance producers.
Contact(s):
Media Relations:
Diana McSweeney
(425) 256-6167
diana.mcsweeney@symetra.com