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  • Symetra Edge Pro(SM) Fixed Indexed Annuity Completes National Rollout

    June 24, 2011 by Diana McSweeney

    BELLEVUE, Wash., Jun 21, 2011 (BUSINESS WIRE) — Symetra Life Insurance
    Company today announced that its new single-premium fixed indexed annuity (FIA)
    product, Symetra Edge Pro(SM), is now available nationwide through its
    distribution network of banks, broker-dealers and general agencies. This follows
    an initial launch of the product with select partners in April 2011.

    “We received positive feedback from distribution partners following our April
    Edge Pro launch, and we look forward to giving more distributors and customers
    the opportunity to examine the features of our innovative fixed indexed annuity
    product,” said Dan Guilbert, executive vice president of Symetra’s Retirement
    Division. “We believe Edge Pro offers a compelling option for customers — one
    that delivers protection, access, tax-deferred growth and the opportunity to
    create guaranteed retirement income.”

    Designed to meet the retirement planning needs of customers looking for
    diversification and principal protection, Symetra Edge Pro offers a choice of
    two indexes — S&P 500(R) Index and the S&P GSCI(R) Excess Return Index
    — as well as a fixed account option and guaranteed minimum value feature.
    Symetra Edge Pro allows customers to allocate money to accounts where interest
    is based on the performance of both indexes, giving their money a chance to grow
    through the power of diversification.

    For more information about Symetra Edge Pro, visit www.symetra.com/edge-pro
    or call the Symetra Life and Retirement Sales Desk at 1-800-706-0700.

    About Symetra

    Symetra Life Insurance Company is a subsidiary of Symetra Financial
    Corporation /quotes/zigman/474717/quotes/nls/sya SYA
    -0.83%
    , a
    diversified financial services company based in Bellevue, Wash. In business
    since 1957, Symetra provides employee benefits, annuities and life insurance
    through a national network of benefit consultants, financial institutions, and
    independent agents and advisors. For more information, visit www.symetra.com .

    Symetra Edge Pro Fixed Indexed Annuity is an individual single premium fixed
    indexed deferred annuity with a market value adjustment feature issued by
    Symetra Life Insurance Company, 777 108th Ave. NE, Suite 1200, Bellevue, WA
    98004. Contract form number is RSC-0341 11/10 for most states and in Oregon
    RSC-0341/OR/NQ 11/10. Product not available in all U.S. states or any U.S.
    territory.

    Guarantees and benefits are subject to the claims-paying ability of Symetra
    Life Insurance Company.

    Symetra Edge Pro Fixed Indexed Annuity has fixed and indexed accounts.
    Interest credits for indexed accounts are affected by the value of outside
    indices. Values and benefits based on the performance of any index are not
    guaranteed and may increase or decrease. The contract does not directly
    participate in any outside investment. Interest in the indexed accounts may not
    be credited due to the method used to calculate and credit interest.

    Standard & Poor’s(R)”, “S&P(R)” and “S&P GSCI(R)” are registered
    trademarks of Standard & Poor’s Financial Services LLC and have been
    licensed for use by Symetra Life. Symetra Edge Pro is not sponsored, endorsed,
    sold or promoted by Standard & Poor’s and Standard & Poor’s does not
    make any representation regarding the advisability of investing in Symetra Edge
    Pro. The S&P GSCI(R) Index is not owned, endorsed, or approved by or
    associated with Goldman Sachs & Co. or its affiliated companies.

    It is not possible to invest in an index.

    Symetra(R) and the Symetra Financial logo are registered service marks of
    Symetra Life Insurance Company.

    Symetra Edge(sm) is a service mark of Symetra Life Insurance Company.

    AOXP-366 6/11

    SOURCE: Symetra Financial

            
            Symetra Financial 
            Diana McSweeney, 425-256-6167 
            diana.mcsweeney@symetra.com

    Copyright Business Wire 2011

    Originally Posted at MarketWatch on June 21, 2011 by Diana McSweeney.

    Categories: Industry Articles
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