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SYMETRA STRIDE FIXED INDEXED ANNUITY
What if I need access to my money sooner than expected?
While Symetra Stride is designed for the long term, we recognize that circumstances can change and you may still need access to your money.
Free annual withdrawals After the first year, you can withdraw up to 7% of your contract value each contract year without paying withdrawal charges or MVAs. If you withdraw more than 7% during the withdrawal charge period, a withdrawal charge and MVA may apply to the amount over 7%. The 7% penalty-free amount is no longer available after lifetime withdrawals begin if the withdrawal benefit is elected at purchase.
Nursing Home and Hospitalization Waiver If you’re confined to a nursing home or hospital for at least 30 consecutive days, we’ll waive your withdrawal charges and MVAs. We’ll also waive those charges and MVAs for up to 90 days after your release. Additional requirements are explained in the annuity contract. This waiver is not available in all states. Terminal Illness Waiver If you are diagnosed with a terminal illness after your contract is issued, we’ll waive withdrawal charges and applicable MVAs after your first contract year. Additional requirements are explained in your contract. This waiver is not available in all states. Annuitization Anytime after your first contract year and before your 96th birthday, you may convert your contract value to an income stream that pays you over a specific period of time or for your lifetime. If you elect the optional withdrawal benefit at the time of purchase, choosing to annuitize will terminate the withdrawal benefit and the charges no longer apply.
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