For the past two years, Symetra Life Insurance Company has been consistently regarded as a price leader in the guaranteed universal life marketplace. To maintain and strengthen our leadership position, we are pleased to announce exciting enhancements to our flagship no-lapse-guarantee product.
No change in pricing
- We remain a price leader in the GUL marketplace, with no changes to our pricing.
New Return of Premium (ROP) Rider
Available on Symetra UL-G for an additional cost, this optional rider is designed to return 100% of the cumulative paid* premiums reduced by any withdrawals, loans and outstanding loan interest. The ROP benefit will not exceed the face amount of the policy. The ROP Rider provides:
- 90 day windows at years 20 and 25.
- A contractual obligation to notify policyholders prior to their window opening.
- Market leading pricing with or without the rider.
*For Nicotine users and rated policies, the ROP benefit will not exceed 50% of the face amount of the policy.