- 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.
Not a bank or credit union deposit or obligation. Not FDIC or NCUA/NCUSIF Insured. Not Insured by any federal government agency. Not guaranteed by any bank or credit union. May lose value.Symetra Life Insurance Company does not provide investment, legal or tax advice. Guarantees and benefits are subject to the claims-paying ability of Symetra Life Insurance Company. The Symetra Pension Reserve Funds are not insured by the Pension Benefit Guaranty Corporation (PBGC). Withdrawals may be subject to federal income taxes and a 10% IRS early withdrawal tax penalty may also apply for amounts taken prior to age 59½ . The Contract owner should Consult his or her attorney or tax advisor for more information. Certain conditions, restrictions and limitations are associated with the Wealth Transfer Benefit (WTB) rider. If contract owners elect this rider, they may not realize the benefits if they experience no gain or consistently negative rates of return. 1 The prepaid annuity option guarantee of annual lifetime annuity payments is provided by Symetra Life Insurance Company. Please refer to the Symetra True Variable Annuity prospectus for more details. 2 The amount you pay for each unit varies depending on the value of the PRF. Unit values fluctuate daily based on the performance of the PRF. 3 Once annual lifetime income annuity payments start, however, they may not be stopped. Annual lifetime income annuity payments continue until your death. There are no guaranteed minimum payments with this option. 4 If you choose the guaranteed lifetime income at the fund termination date, the guaranteed income is based on a single life expectancy. Symetra® is a registered service mark of Symetra Life Insurance Company. True Variable Annuity℠ and Symetra Pension Reserve Fund Sub-Accounts℠ are service marks of Symetra Life Insurance Company. AOXP-407 9/12