Symetra Life Insurance Company

Symetra Life Insurance Company offers annuities, life insurance and benefits products for businesses. The provider’s annuity products include fixed deferred, fixed index, index-linked and income annuities to serve the unique financial needs of consumers.

  • Written By
    Jennifer Schell

    Jennifer Schell

    Financial Writer

    Jennifer Schell is a professional writer focused on demystifying annuities and other financial topics including banking, financial advising and insurance. She is proud to be a member of the National Association for Fixed Annuities (NAFA) as well as the National Association of Insurance and Financial Advisors (NAIFA).

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  • Edited By
    Savannah Pittle
    Savannah Pittle, senior financial editor for

    Savannah Pittle

    Senior Financial Editor

    Savannah Pittle is an accomplished writer, editor and content marketer. She joined as a financial editor in 2021 and uses her passion for educating readers on complex topics to guide visitors toward the path of financial literacy.

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  • Financially Reviewed By
    Timothy Li, MBA
    Timothy Li, MBA Headshot

    Timothy Li, MBA

    Business Finance Manager

    Timothy Li, MBA, has dedicated his career to increasing profitability for his clients, including Fortune 500 companies. Timothy currently serves as a business finance manager where he researches ways to increase profitability within the supply chain, logistics and sales departments.

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  • Updated: July 4, 2023
  • 5 min read time
  • This page features 8 Cited Research Articles
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Our Partnerships, Vision and Goals

We pride ourselves on partnering with professionals like those from Senior Market Sales (SMS) — a market leader with over 30 years of experience in the insurance industry — who offer personalized retirement solutions for consumers across the country. Our relationships with partners including SMS and Insuractive, the company’s consumer-facing branch, allow us to facilitate the sale of annuities and other retirement-oriented financial products to consumers who are looking to purchase safe and reliable solutions to fill gaps in their retirement income. We are compensated when we produce legitimate inquiries, and that compensation helps make an even stronger resource for our audience. We may also, at times, sell lead data to partners in our network in order to best connect consumers to the information they request. Readers are in no way obligated to use our partners’ services to access the free resources on carefully selects partners who share a common goal of educating consumers and helping them select the most appropriate product for their unique financial and lifestyle goals. Our network of advisors will never recommend products that are not right for the consumer, nor will Additionally, operates independently of its partners and has complete editorial control over the information we publish.

Our vision is to provide users with the highest quality information possible about their financial options and empower them to make informed decisions based on their unique needs.

About Symetra Life Insurance Company

Symetra Life Insurance Company was founded in 1957 as Symetra Financial Corporation. The company currently has its headquarters in Bellevue, Washington.

In 2016, Symetra was acquired by Sumitomo Life Insurance Company, the largest life insurance company in Japan. Following the acquisition, Symetra Financial Corporation’s name was changed to Symetra Life Insurance Company.

The company’s offerings include annuities and life insurance for consumers as well as benefits products for businesses like stop loss, group life and disability insurance. Together with their parent company Sumitomo Life, Symetra controls over $350 billion in assets.

Symetra is guided by the principles of value, transparency and sustainability. The annuity provider supports nonprofit organizations aimed at addressing homelessness and helping women and at-risk youth.

Symetra Contact Information:

If you have questions about your Symetra annuity or life insurance product, you can contact the company’s customer service department by calling this number:


Credit Ratings

An annuity provider receives credit ratings based on their overall financial stability. These ratings are issued by independent agencies that estimate how likely an annuity company is to be able to meet their ongoing obligations to customers. The higher the rating, the more confident you can feel that the annuity company will be able to honor their contract with you.

Symetra Life Insurance Company has received strong credit ratings from three of the “big four” credit rating agencies: AM Best, Moody’s and Standard & Poor’s.

Symetra Credit Ratings

Credit Agency Rating
AM Best A (Excellent)
Moody’s A1 (Good)
S&P Global Ratings A (Strong)
Annuity rates on a phone

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Symetra Life Insurance Company Products

Symetra Life Insurance Company offers four types of annuities for consumers. The annuity provider sells fixed index, fixed deferred, index-linked and income annuities.

Fixed Index Annuities

Symetra’s fixed index annuities strike a balance between the risk and reward of other annuity types like fixed deferred or variable annuities. With a fixed index annuity, your premium earns interest based on a fixed rate or a rate tied to the performance of an equity market index.

When you purchase a fixed index annuity from Symetra, you’ll be able to choose how you want your annuity to earn interest. You can choose to accrue interest with a fixed rate, an indexed rate, or both.

Symetra provides two fixed index annuity products: Symetra Edge Plus® and Symetra Income Edge. The Edge Plus® annuity comes in five-year or seven-year terms, while the Income Edge annuity includes a guaranteed lifetime withdrawal benefit (GLWB).

Fixed Deferred Annuities

Fixed deferred annuities are considered to be one of the safest types of annuities. These products earn a fixed rate of interest throughout the term of the contract, so you can predict exactly how much your annuity will grow over time.

Symetra’s fixed deferred annuities come with a unique level of flexibility. The provider allows fixed annuity holders to withdraw up to 10% of their annuity’s value each year of the annuity’s term without penalty. Any withdrawals over 10% during the term may result in surrender charges.

Index-Linked Annuities

Another type of annuity Symetra provides is index-linked annuities, also known as registered index-linked annuities or RILAs. These are a relatively new type of annuity that combines characteristics of fixed index and variable annuities.

The index-linked annuities’ growth potential is based on the performance of an index. Like most annuity providers, Symetra places a cap on how much value the annuity can earn but offers options to protect against market losses. An index-linked annuity is best suited for someone who wants greater growth potential and is willing to accept potential losses if the market takes a downturn.

Symetra’s Trek® Plus is an index-linked annuity with three interest term lengths to choose from. Annuity holders can also choose up to five market indexes to grow their annuity’s value.

Income Annuity

The fourth type of annuity Symetra offers is an income annuity. Unlike the other products Symetra offers, an income annuity does not have an interest term during which the premium grows in value.

Symetra’s income annuities convert a lump sum premium into a steady stream of income payments. When purchasing an income annuity, you can choose to receive payments for a certain number of years or over your lifetime.

The amount of money you’ll receive from an income annuity depends on several factors. Symetra considers details like your gender and age, your premium amount, and how long you want your income payments to last.

Income annuity holders can also choose a beneficiary for their annuity. Under this type of contract, the loved one the annuity holder chooses will receive income payments after the annuity holder passes away.

Client Resources

Symetra offers a wealth of personal finance resources for consumers. The provider’s website features a “Learn” section where people can read about retirement and insurance topics. The “Learn” section also contains a glossary of annuity and life insurance terms and several interactive calculators.

Symetra Interactive Calculators

  • Compound Interest Calculator
  • Retirement Savings Calculator
  • Retirement Planning Calculator
  • Social Security Income Calculator
  • Retirement Risk Calculator

About has provided reliable, accurate and trustworthy financial information to readers since 2013. We partner with professionals like those from Senior Market Sales (SMS), a market leader with over 30 years of experience in the insurance industry, to offer personalized retirement solutions for consumers across the country.

Any information offered about the company above is provided free of charge and individual product offerings are verified and accurate as of publication.

Our partners work with the provider companies mentioned on our site. However, is not a service provider. Actual products, terms and rates offered through the above company are subject to in-state availability and a variety of other factors. Visit the Our Partners page for additional information.

Please seek the advice of a qualified professional before making financial decisions.
Last Modified: July 4, 2023