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Symetra Advantage Income Immediate Annuity offers a stable and convenient way to provide retirement income that can help relieve your clients of financial worries.
Product Description
- Income is guaranteed and cannot be impacted by market fluctuations.
- The opportunity to choose the frequency and duration of payments provides flexibility.
- Advance Access1 allows clients to take up to 30 percent of the value of future annuity payments as frequently as every 36 months.2
- Optional pay increases of up to 6.5 percent per contract year allow future income to keep pace with inflation.
- Our refund features available with lifetime plans, Installment Refund and Cash Refund, assure your clients that, no matter what happens, the annuity will pay out an amount at least equal to their purchase payment. Installment Refund gives beneficiaries payments in installments and Cash Refund gives beneficiaries a lump sum.
- The Commutation to Beneficiary Option3 offers flexibility and gives the beneficiary the option of converting any remaining guaranteed payments into a single lump sum payment, based on present value. This option is not available with Cash Refund or Life Only payout options.
- Tax-favored income allows clients to spread out their income tax burden over time.
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Advantage Income Annuity is approved in all U.S. states and the District of Columbia.
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