New SwiftTerm Product Enhancements

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As if fast, easy processing, competitive rates and instant coverage weren’t enough, SwiftTerm now includes new riders and features that may help you seal even more deals.

Effective tomorrow, August 30, 2024, we’ve made the following enhancements to Symetra SwiftTerm:

Trust ownership

We’ve extended SwiftTerm’s ownership options to include trusts to meet more of your sales needs. To ensure the fastest processing, we recommend having the following information handy when starting a drop ticket:

  • Trust name
  • Date of establishment (must be prior to drop-ticket date)
  • Tax identification number
  • Trustee name, email and relationship to the insured
  • Trustee power to revoke (yes or no)
  • Beneficiary information

Expansion of entity ownership to businesses is coming soon, stay tuned.

Conversion Enhancement Rider

There are many reasons why SwiftTerm can help meet your clients’ coverage needs today. But you also know that life changes, and they may want to consider a permanent policy in the future.

SwiftTerm’s new Conversion Enhancement Rider (PDF) gives clients the freedom and flexibility to convert to a broader selection of Symetra permanent life insurance products without additional underwriting or evidence or insurability. They may also be eligible for an extended conversion period if a 15-, 20- or 30-year term period is selected. This rider is available at application for an additional cost.

Value Added Benefit

Because we know how difficult losing a loved one can be, we’ve partnered with Empathy to offer a new Value Added Benefit providing personalized, comprehensive and on-demand support to beneficiaries after their loved ones are gone. Services include assistance with:

  • Coping with grief
  • Bill and debt payments
  • Property and assets
  • Probate references, wills and more

Every SwiftTerm policy now includes the Value Added Benefit with Empathy’s services (PDF) for no additional cost.

Symetra SwiftTerm is the only end-to-end digital term life insurance solution that’s fast, easy and can provide up to $5 million in coverage in as little as 18 minutes. And now it offers your clients even more. If you’re looking to finish the year strong, look to SwiftTerm as your go-to term life insurance solution.