SYMETRA PROTECTOR IUL HIGHLIGHTS
Exclusive Symetra Protector 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 Protector 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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Does your protection IUL selection check all the boxes? When choosing a protection-based IUL product for your clients, does it check all of the boxes?
With Symetra Protector IUL, your clients can get cost-effective, guaranteed death benefit protection, plus financial flexibility for unexpected needs. Check out our PIUL competitive flyer and see how Symetra Protector IUL stacks up against the competition.1 |
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Symetra Protector IUL: A solid foundation with flexibility for life’s changing needs Until recently, clients have turned to guaranteed universal life (GUL) insurance as a cost-effective permanent product solution that offers lifetime protection, control and flexibility. But with the prolonged low interest rate environment driving GUL premiums sharply up, clients are quickly moving away from it. Yet the need for cost-effective, no-lapse protection hasn’t changed and many producers are finding a new solution for their clients—protection indexed universal life (IUL). In our competitive analysis flyer, see how Symetra Protector IUL outperforms other permanent products in premium outlay, guaranteed death benefit duration, cash value accumulation potential and policy flexibility.2 |
NEWS |
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| See our most newsworthy Symetra Sales Flash articles of 2020. | |
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Symetra Protector IUL: A market leader with an eye toward the future Symetra Protector IUL offers a well-rounded design with lower policy costs, strong death benefit guarantee duration and strong accumulation potential. Your clients can get cost-effective, guaranteed death benefit protection, plus financial flexibility for unexpected needs in the future. Take a closer look at our competitive analysis and see how Symetra Protector stacks up against the competition.3 |
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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.4 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 Protector 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 ICC18_LC2.
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 Protector 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 Protector 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.
1Refer to LIM-1566 for complete details.
2Refer to LIM-1593 for complete details.
3Refer to LIM-1581 for complete details.
4 Subject 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.