Have you checked out the most recent enhancements of Symetra’s IUL?

Symetra has introduced crediting strategy additions and new illustration updates. These changes deliver better illustrative performance at a broader range of illustrative rates.

Symetra has added new Base Index Strategies to Accumulator IUL, for a total of nine diversified index crediting strategies.¹

Base Index Strategies: Guaranteed credits, lower participation rates and/or index caps.

The new Base Index Strategies guarantee the payment of an additional index credit, which is applied to the account value at index segment maturity, in exchange for lower participation rates and/or index caps than our other strategies. This credit is in addition to any index-linked credit earned during the segment term and ensures policy cash value growth—even if markets are negative.

Symetra’s new Base Index Strategies include:

  • S&P 500® Index Base – 1-Year Point-to-Point (Capped).
  • JPMorgan ETF Efficiente® 5 Index Base – 1-Year Point-to-Point (No-Cap).
  • Blended S&P 500® and JPMorgan ETF Efficiente® 5 Index Base – 2-Year Point-to-Point (No-Cap).

More options: Core and Select Index Strategies

The Core Index Strategies provide higher index caps or participation rates than our Base Index Strategies. Core options include:

  • S&P 500® Index – 1-Year Point-to-Point (Capped).
  • JPMorgan ETF Efficiente® 5 Index – 1-Year Point-to-Point (No-Cap).
  • Blended S&P 500® and JPMorgan ETF Efficiente® 5 Index – 2-Year Point-to-Point (No-Cap).

The Select Index Strategies provide opportunities for higher index caps or participation rates than our Base or Core Index Strategies, for an additional cost, and include:

  • S&P 500® Index Select – 1-Year Point-to-Point (Capped).
  • JPMorgan ETF Efficiente® 5 Index Select – 1-Year Point-to-Point (No-Cap).
  • Blended S&P 500® and JPMorgan ETF Efficiente® 5 Select – 2-Year Point-to-Point (No-Cap).

Accumulator IUL rider approvals in California

Good news! The inherent Accelerated Death Benefit for Chronic Illness and Terminal Illness Riders and our optional Charitable Giving Benefit Rider are now approved for sale in California.

Our Accelerated Death Benefit for Chronic Illness Rider is automatically included at issue and allows for up to 50% of the policy’s death benefit ($500,000 maximum) to be accessed in advanced if a licensed health care practitioner certifies during the prior 12-month period that the insured:

  • Is unable to perform at least two of six activities of daily living for a period of at least 90 days due to a loss of functional capacity; or
  • Has a severe cognitive impairment, requiring substantial supervision to ensure the health and safety of him or herself.

The Accelerated Death Benefit for Terminal Illness Rider allows for up to 50% of the policy’s death benefit ($500,000 maximum) to be accessed in advance if a licensed physician certifies that the insured is terminally ill with less than 12 months to live.

Symetra’s Charitable Giving Benefit Rider, which is elected at issue for no additional cost, provides an additional benefit of 1% of the base policy specified amount (up to $100,000) to a qualified charity of the policyowner’s choice upon the insured’s death.

¹ Base Index Strategies are available in all states except CA and NY. We will communicate additional state approvals as they are received.

FOR FINANCIAL AND PROFESSIONAL USE ONLY. NOT FOR USE WITH THE GENERAL PUBLIC.

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