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Symetra Life Insurance Company, a subsidiary of Symetra Financial Corporation (NYSE: SYA), launched its Symetra True Variable Annuity. With True VA, clients can reserve guaranteed annual lifetime income while retaining flexibility by investing in specific Symetra Pension Reserve Funds sub-advised by Russell Investments.

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, visit or call 1-855-TRUEVAS (1-855-878-3827).
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Title Annotation:Annuity
Publication:Life Insurance Selling
Date:Oct 1, 2012
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