This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Symetra Pension Reserve Funds: ‘The Future Of Lifetime Income’

Advisers in search of reliable retirement income solutions for their clients have an innovative new tool with Symetra True Variable Annuity℠. Through True VA, clients have the ability to reserve guaranteed annual lifetime income while retaining flexibility by investing in specific Symetra Pension Reserve Funds℠ sub-advised by Russell Investments. 1

“As defined benefit plans have become less prevalent, they have been replaced by defined contribution or cash balance plans. The Symetra Pension Reserve Fund Sub-Accounts were created to offer some of the attributes of these plans — offering both the certainty of defined benefit plans with the flexibility of defined contribution and cash balance plans,” said Dan Guilbert, executive vice president of Symetra Life Insurance Company’s Retirement Division. “We believe this is the future of lifetime income.”

Symetra Pension Reserve Funds (PRF) offer:

Control — Whether clients want to guarantee a minimum amount of income to meet basic needs or secure a higher amount to maintain a current standard of living, they can choose how much income they want and when they want payments to begin. And unlike other income solutions on the market, clients can manage their income streams by the calendar year in which payments are to begin — allowing them to build a ladder of increasing income.

Transparency — Clients purchase units in any of the Symetra Pension Reserve Funds Sub-Accounts that correspond to their year of birth. Each unit provides $1 of guaranteed annual lifetime income starting at a specific date. No complicated illustration or software is needed; for $10,000 of annual lifetime income, the client simply purchases 10,000 units. 2

Flexibility — Clients have the flexibility to change their mind without penalty prior to a PRF’s termination date, 3 giving them control over the liquidity of their assets. They may transfer contract value in or out of the PRF sub-accounts at any time without charge. Prior to the PRF termination date, clients determine whether they want to receive the guaranteed annual income or take the PRF’s current value and explore other opportunities. They also may consider other payout options available at then-current rates. If clients elect to receive the annual income, the units will be annuitized for lifetime income. 4

Key features include:

  • Guaranteed Income Start Date — Clients pick a fund based on their year of birth and available calendar year start dates. Income start dates range from 2016 to 2028 with four-year intervals.
  • Pre-Income Stream Flexibility — There is broad flexibility for clients to change the income start date; select or change multiple income stream start dates; increase or decrease income stream(s); or opt in or opt out of income stream(s).
  • Pre-Income Stream Death Benefit — Through an optional Wealth Transfer Benefit Rider, beneficiaries can receive 100 percent of the contract value, plus an additional 50 percent of the contract’s investment gains to help offset taxes.
  • Income Stream Payments — Clients receive the greater of the guaranteed amount or amount based on Symetra’s then–current single life annuity rates.

For more information about Symetra True Variable Annuity, click here to access the product brochure or visit www.trueva.com. For advisers interested in a selling agreement, call 1-855-TRUEVAS (1-855-878-3827).

About Symetra

Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation (NYSE: SYA), a diversified financial services company based in Bellevue, Wash. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent agents and advisers. For more information, visit www.symetra.com.

Before investing, carefully consider the investment objectives, risks, charges and expenses. This and other information is contained in the contract prospectus and the underlying fund prospectuses. You may call or write your Registered Representative or Symetra for free copies of the prospectuses or visit www.trueva.com for online copies. Please read them carefully before investing.

Securities are distributed by Symetra Securities, Inc. (SSI). Symetra True Variable Annuity is a flexible premium deferred variable annuity issued by Symetra Life Insurance Company (SLIC). Contract form number is ICC12_RC1, and Wealth Transfer Benefit rider form number is ICC12_RE1 in most states and is not available in all U.S. states or any U.S. territory. SSI and SLIC are affiliates and are both located at 777 108 th Avenue NE, Suite 1200, Bellevue, WA 98004-5135.

Variable annuities, which are suitable for long-term investing, are subject to market risks, including the loss of principal invested. Like many variable annuities, this contract has terms and limitations for keeping it in force. Please contact your Registered Representative for complete details.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,039.49 +60.36 0.36%
S&P 500 1,992.37 +5.86 0.30%
NASDAQ 4,532.1040 +5.6220 0.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs