CUSIP Number:
87152A142
CUSIP Name:
10 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The Symetra Edge Premier is a single premium deferred indexed annuity with a market value adjustment (MVA). The minimum single premium is $10,000 for qualified and non-qualified money. 10% of the contract value may be withdrawn each year without incurring a surrender charge or MVA. Surrender charges are ten years in duration, vary by state, and are waived in the event of annuitization (after the first contract year and prior to age 101), death or entrance into a nursing home or hospital. There is an Enhanced Death Benefit Rider available at contract issue for an additional cost that offers an enhanced death benefit that is payable in place of, not in addition to, the death benefit payable under the contract. Symetra guarantees that the value of the annuity upon surrender, annuitization, or death will never be less than the purchase payment, less any previous withdrawals and any amounts applied to an annuity payment option, less any surrender charges. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.
Last Modified:
31 Jul 2023 10:47