SYMETRA ACCUMULATOR IUL HIGHLIGHTS
Exclusive Symetra Accumulator IUL product highlights and news
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SALES STRATEGIES |
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| Check out our most recent sales strategies and learn the benefits of Symetra Accumulator IUL. | |
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Credit timing matters with indexed universal life (IUL) With their complex policy features and crediting rates, IUL products can be difficult to explain. Symetra calculates index credits based on the beginning value of the index segment to prevent index returns from being reduced by policy charges. Our flyer highlights the effect this timing can have over the duration of the policy. Symetra’s IUL products are designed to provide both attractive performance features and straightforward crediting expense factors. Our guiding principles of Value, Transparency and Sustainability (VTS) are at the core of everything we do. |
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How policy performance can affect future distributions IUL products can help your clients create supplemental retirement income by accessing policy cash value growth through tax-free policy loans and withdrawals.1 But with all the complexities and moving parts of IUL products today, what are the chances the policy will perform as illustrated? This competitive analysis looks at the impact that product design and performance can have on future distributions. See how Accumulator IUL compares in a range of hypothetical performance scenarios. |
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Considering a 1035 exchange? Take a look at Symetra Accumulator IUL IUL products with complex policy features and crediting rates can be attractive if the policy actually performs as illustrated. However, since the future is unpredictable, it’s important to consider how policy design and performance can affect future distributions. Our competitive flyer takes a closer look at how Accumulator IUL compares in a 1035 funding scenario and how sensitive IUL products can be to underperformance. |
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A flexible planning solution for future income with life insurance Most people understand that the main purpose of life insurance is to provide death benefit protection. But they may not have considered that accessing the policy’s cash value can add a source of supplemental income in retirement. Even if clients are maximizing their contributions to other income sources, such as 401(k)s, IRAs and annuities, they may not have enough savings to maintain their desired standard of living in retirement. Our Supplemental Income Plan flyer and sample illustration highlight how life insurance may help clients avoid potential retirement income shortfalls. |
NEWS |
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| See our most newsworthy Symetra Sales Flash articles of 2020. | |
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Symetra Accumulator IUL: Competitive Analysis Coupled with our top-tier target premiums and lower policy costs, Symetra Accumulator IUL’s strong policy cash value accumulation potential and competitive policy distributions provide flexibility and control when clients access policy cash values for income. Take a closer look at our competitive flyer to see how Symetra Accumulator stacks up against the competition.2 |
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Symetra IUL Extra Coverage Program Are your clients interested in additional death benefit coverage without going through the full underwriting process? Through our IUL Extra Coverage Program, clients who have purchased up to $3 million of fully underwritten Symetra permanent life insurance within the last two-and-a-half years can purchase an additional Symetra Protector or Accumulator IUL policy for up to $1 million in coverage with limited underwriting.3 Explore our IUL Extra Coverage Program flyer for more details. |
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Underwriting and new business solutions to make your life easier When it comes to placing business with Symetra, we’re always working to make life easier—even when we’re physically apart. Our Life Just Got Easier flyer highlights our most recent underwriting and new business processing solutions that are designed to help simplify the business you place with us. For more information about each of the process solutions, simply click on the flyer’s links or contact our Life Sales Desk at 1-877-737-3611 or lifesales@symetra.com. |
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Symetra and Sumitomo Life: Putting our customers first For more than 60 years, Symetra has operated on a foundation of financial stability, integrity and transparency. Our goal and commitment is to create retirement, benefits and life insurance solutions that customers need and clearly understand. Since 2016, Symetra has been an integral part of Sumitomo Life’s $355 billion family of companies. Together, Sumitomo Life and Symetra believe that profitable growth starts with putting customers first. Check out our flyer to learn more about our shared commitment to our customers. |
MICROSITES |
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| Visit our product and program microsites for more sales tools and information about our life insurance solutions. | |
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| Questions? | |
| Contact the Symetra Life Sales Desk: | |
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1-877-737-3611
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References about “Symetra” are to Symetra Financial Corporation and its subsidiaries.
Established in 1957, Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation. Symetra Financial Corporation is a wholly owned subsidiary of Sumitomo Life Insurance Company. Each company is responsible for its own financial obligations.
Symetra Accumulator IUL is a flexible-premium adjustable life insurance policy with index-linked interest options issued by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004-5135. This policy is not available in all U.S. states or any U.S. territory. Where available, it is usually issued under policy form number ICC17_LC1.
Withdrawals or loans on modified endowment contracts (MECs) may be subject to federal income tax and an additional 10% tax on amounts taken prior to age 59 ½ .
Symetra Accumulator IUL has fixed and indexed accounts. Interest credited to the indexed accounts is affected by the value of outside indexes. Values based on the performance of any index are not guaranteed. This policy does not directly participate in any outside investment or index.
An index may not include the payment or reinvestment of dividends in the calculation of its performance.
It is not possible to invest in an index.
Symetra reserves the right to add, modify or remove any index strategy or crediting method. If any index is discontinued or if the calculation of any index is changed substantially, Symetra reserves the right to substitute a comparable index.
The JPMorgan ETF Efficiente® 5 Index (“Index”) has been licensed to Symetra Life Insurance Company (the “Licensee”) for the Licensee’s benefit. Neither the Licensee nor Symetra Accumulator IUL (individually, the “Product”) is sponsored, operated, endorsed, recommended, sold or promoted by J.P. Morgan Securities LLC (“JPMS”) or any of its affiliates (together and individually, “JPMorgan”). JPMorgan makes no representation and gives no warranty, express or implied, to policyowners in or those otherwise taking exposure to the Product. Such persons should seek appropriate professional advice before making any investment. The Index has been designed and is compiled, calculated, maintained and sponsored by JPMS without regard to the Licensee, the Product or any policyowner. JPMorgan is under no obligation to continue compiling, calculating, maintaining or sponsoring the Index. JPMorgan may independently issue or sponsor other indices or products that are similar to and may compete with the Index and the Product. JPMorgan may also transact in assets referenced in the Index (or in financial instruments such as derivatives that reference those assets). These activities could have a positive or negative effect on the value of the Index and the Product.
This is not a complete description of the Symetra Accumulator IUL policy. For a more complete description, please refer to the policy.
Restrictions may apply to the Symetra IUL Extra Coverage Program, and it is subject to change without notice. This program is not available with Symetra’s High-Net-Worth Foreign National Program. The Chronic Illness Plus Rider is also not available for cases placed through this program.
Guarantees and benefits are subject to the claims paying ability of Symetra Life Insurance Company.
1Withdrawals and loans may reduce or eliminate the death benefit payable to beneficiaries. In general, policy loans are charged interest; they are usually not taxable. If a policy lapses or is surrendered, the loan becomes immediately taxable to the extent of the gain in the policy. Withdrawals are taxable only when your clients take more money out of the policy than was paid in premiums. If the policy becomes a Modified Endowment Contract (MEC), less advantageous tax provisions apply. The tax treatment of a loan with a net charge of zero is unclear and could be adverse to the policyowner.
2Refer to LIM-1439/M for complete details.
3Subject to Symetra approval. A new Symetra Protector or Accumulator IUL policy will be issued for approved cases.
Copyright © 2004 - 2020 Symetra Life Insurance Company, 777 108th Ave NE, Suite 1200, Bellevue, WA 98004. All rights reserved. Symetra® is a registered service mark of Symetra Life Insurance Company.