Symetra remains committed to the Guaranteed Universal Life space and maintaining a price leadership position within it. We are dedicated to offering competitively priced products and to providing you and your clients with products that are sustainable.
We will be repricing our Symetra UL-G product due to the continued low interest rate environment and the competitive landscape. With these changes, we still retain a market leadership position across death benefits and funding patterns.
Important Transition Rules for Symetra UL-G
Feb. 16, 2018
- Symetra Life Illustrator and Winflex illustration systems will be updated with these changes.
- You will be able to run Symetra UL-G illustrations with the current and new rates through the transition period.
March 16, 2018
- Date on which all formal Symetra UL-G applications must be received at Symetra’s Home Office in good order (fully completed, signed and dated) to receive current UL-G rates.
- Symetra Life Illustrator and Winflex illustration systems will be updated to reflect the new Symetra UL-G pricing only.
June 1, 2018
- Date on which cases must be issued/paid to receive current Symetra UL-G rates. For 1035 exchange cases, the deadline will be extended if the only outstanding requirement is the receipt of 1035 funds.
We appreciate the business you have placed with us in the past and look forward to continuing to help meet your life insurance needs in the future.