Symetra Income Edge is designed to help ease your retirement worries.
Will I run out of money?
• Income Edge can guarantee steady income payments for life, even if there is no money left in your annuity. This is the key benefit of the withdrawal benefit.
What if I need access to my money sooner than expected?
• You can access any remaining contract value if you have an unexpected need, but this will reduce your future maximum withdrawal amount and charges may apply. • During the initial contract period (the “surrender charge” period), you can withdraw up to 10% of the money in your contract every year free of charge—unless you have started taking lifetime income payments. • You can take out more than 10% during the surrender charge period, but the amount you take out may be subject to a market value adjustment (MVA), if applicable, and a fee called a “surrender charge.” • After the surrender charge period, surrender charges and MVAs no longer apply.
Can my money continue to grow?
• Any interest you earn is credited each year, and it can continue to grow through compounding. • Your money grows tax-deferred (it’s not taxed until you take it out). • You can choose a lifetime income option that may increase your payments each year. • If the market index you choose goes up, your indexed account can be credited interest up to a “cap”—the top percentage you can earn in any given year.
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