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fixed annuities

Multi-Year Guarantee Annuity Details

Symetra Select Pro with ROP 3

Product Name

Symetra Select Pro with ROP 3

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

A
(3rd of 15 ratings)
A
(6th of 20 ratings)
A1
(5th of 21 ratings)
Not Rated
82
(percentile of rated companies)

Product Information

The Symetra Select Pro with ROP 3 is a deferred multi-year guarantee annuity issued by Symetra Life Insurance Company.

This annuity is a premium banded product. The interest rate you earn will vary depending on the amount of premium you deposit (see Rate Details below). Currently, the highest 3 year guarantee period annual yield is 2.80% on premium amounts of $250,000 - $1,000,000.  This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The Symetra Select Pro with ROP 3 has a full penalty free withdrawal window after 3 years.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning with the first contract year, and each year thereafter, this annuity provides up to 15% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

Symetra Life Insurance Company is rated “A” by A.M. Best, was founded in 1957, and has over $37.7 billion in total assets.

Rate Details

May 2nd, 2022
Not Scheduled
3 years

Premium Amount: $250,000 - $1,000,000 High-Band

Current
3 Year Guarantee Period Annual Yield: 2.80%
Interest rate start of year 1 through end of year 3: 2.80%

Premium Amount: $100,000 - $249,999 Mid-Band

Current
3 Year Guarantee Period Annual Yield: 2.75%
Interest rate start of year 1 through end of year 3: 2.75%

Premium Amount: $50,000 - $99,999 Mid-Band

Current
3 Year Guarantee Period Annual Yield: 2.60%
Interest rate start of year 1 through end of year 3: 2.60%

Premium Amount: $10,000 - $49,999 Low-Band

Current
3 Year Guarantee Period Annual Yield: 2.55%
Interest rate start of year 1 through end of year 3: 2.55%

Initial Surrender Charge and MVA Periods

3 years

N/A

3 years

State variations may exist, refer to product disclosure for details.

Other Guarantee Periods Available

Policy Details

$10,000
$10,000
$1,000,000
$1,000,000
90
90
60 days
No
Accumulation Value
No

Penalty Free Withdrawal Provisions

15%
15%
No
Yes
Annuitization, Death, Hospitalization, Nursing Home and Terminal Illness

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  CA and NY (as of 05/02/2022)

Notes

Includes Guaranteed Return of Purchase Payment (ROP): Guarantees that you will never receive less than the amount you contributed to your annuity, minus any prior withdrawals.