Symetra Income Builder offered by Symetra

Introduction
Type of Product Fixed Annuity
Product NameSymetra Income Builder
Offered bySymetra
Company Info

Symetra Financial provides ... read more

Contact Information
Company OfferingSymetra
Company TypeInsurance Company
Phone Number800-796-3872
Websitewww.symetra.com
Talk to a Financial Advisor
Contact Information Connect with a Financial Advisor
Reviews and Ratings
Average Review

5/5 from 1 Reviews


Product Ratings and Reviews

Rating:
5
Average: 5 (1 vote)

While the package is a single premium fixed annuity, looking under the hood at this product reveals some interesting features.

The fact is that the Income Builder is pretty flexible for a SPIA.

An "Advance Access" feature provides liquidity through the ability to take up to 30 percent of the present value of future payments after 3 years and seemingly every 36 months.

Also is the standard endorsement providing liquidity and access to some funds in the event of hospitalization or nursing home confinement.

There is also some sort of bonus or "pay raise" that is provided at the 6th year of ownership.

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