Get more! Sign up for PLANSPONSOR newsletters.
Products December 9, 2008
Symetra Unveils Guaranteed Income Products
December 9, 2008 (PLANSPONSOR.com) - Symetra Life
Insurance Company announced the availability of its Stability
Suite.
Reported by Fred Schneyer
A news release said the products provide guaranteed interest rate returns, market risk-proof reliability, and income protection.
The Stability Suite includes:
- The Advantage Income Annuity that is designed to reduce financial risks. A one-time purchase locks in guaranteed income payments including a lifetime income stream option. Retirees can schedule regular pay increases and take withdrawals as often as every 36 months without incurring surrender fees.
- The Custom Fixed Annuities that help build tax-deferred retirement savings. The products’ fixed interest rates do not fluctuate based on the markets.
“With ongoing economic uncertainty, people want simpler financial solutions and more secure ways to build savings,” said Rich Lindsay, senior vice president of the Life & Annuities division at Symetra Financial. “Symetra’s Stability Suite meets the needs of increasingly risk-averse consumers and helps guard against financial market turmoil.”
More information is available at www.symetra.com/stabilitysuite .
You Might Also Like:
Benefits |
Behind the Decision: Why Avangrid Added BlackRock LifePath Paycheck to Its 401(k)
Connecticut-based energy company Avangrid is among the first plan sponsors to implement BlackRock’s LifePath Paycheck.
Products |
Product & Service Launches
inVesti launches HSA to complement retirement offerings; Durham to assist financial advisers with retirement income planning; Summit Financial bolsters private...
Benefits |
BlackRock CEO Says Concept of Retirement Has to Change
Annual letter to investors says, "Humanity has changed over the past 120 years. So must our conception of retirement."