Enhancements to Symetra IUL Products Effective 11/08/2024

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‘Tis the season of gratitude and giving at Symetra! As 2024 comes to a close, we want to thank you for your continued partnership and provide you with some exciting IUL product enhancements to help you finish this year—and start 2025—strong.

Beginning tomorrow, Nov. 8. 2024, the following enhancements are available on Symetra’s IUL products: 

Accumulator Ascent IUL 

New Nasdaq-100 Index® Core Strategy
Available on Accumulator Ascent IUL, this new index strategy seeks to generate returns based on the Nasdaq-100 Index® (PDF).

  • The Nasdaq-100® is a globally recognized index that tracks the performance of the 100 largest non-financial companies on the Nasdaq Stock Market®. From technology and retail to health care and telecommunications, these companies collectively shape the 21st century economy.
  • Applicable interest is credited up to a cap that’s set at the beginning of each new index segment term.
  • This strategy provides clients with more options, diversification and competitive cash accumulation potential (PDF). 

Protector IUL and SwiftProtector℠ 

Stronger death benefit guarantees
Our protection-focused IUL products now have even stronger lapse protection guarantees!

  • We’ve extended the lengths of death benefit guarantees for the same premium solves at no additional cost to your clients.
  • Protector IUL (PDF) and SwiftProtector (PDF) offer clients the same low premiums, low policy charges and attractive cash value accumulation potential they’re used to, but now with even more competitive guarantees for their long-term goals. 

Important dates and transition rules

  • Nov. 7, 2024: All applications for the current version of Protector IUL must be signed and dated. We must receive these applications signed and in good order no later than Nov. 15, 2024. Applications signed and dated Nov. 8, 2024, and after will receive the new version of the product.
  • Nov. 8, 2024: Our illustration systems will be updated with the IUL product enhancements, and marketing materials will be available on our Accumulator Ascent IUL, Protector IUL and SwiftProtector microsites.
  • Dec. 31, 2024: All cases for the current version of the products must be issued/paid. For 1035 exchange cases, the deadline will be extended if the only outstanding requirement is the receipt of 1035 funds.