SYMETRA STRIDE FIXED INDEXED ANNUITY
13
Market value adjustment 1
Other features and benefits
Withdrawal charge schedule The first 10 years of your contract are called the “withdrawal charge period.” During this time, if you withdraw more than the 7% free withdrawal amount, you will pay a withdrawal charge on the excess amount, unless a waiver applies. The withdrawal charge decreases during your contract term as follows:*
If you withdraw money from your contract during the withdrawal charge period, a market value adjustment (MVA) may apply. The MVA does not apply to the 7% free withdrawal feature or to the maximum withdrawal amount after optional lifetime withdrawals begin. • The adjustment will be either positive (a credit) or negative (a charge)—meaning the amount you receive will increase or decrease. The adjustment is based on the change in the Bloomberg U.S. Corporate Bond Index yield between the day the contract was issued and the day the withdrawal is taken. • After the withdrawal charge period, the MVA no longer applies. It may also apply upon death or annuitization, but only if it results in a cash surrender value that is higher than the contract value that would otherwise be paid. • A negative adjustment will never result in receiving less than the guaranteed minimum value. • Please review your Contract Summary and/ or Statement of Benefit Information at the time of purchase for specific examples of how withdrawal charges and MVAs may affect contract and cash surrender values.
Contract year
1234567891011+
Charge
9%9%8%7%6%5%4%3%2%1% 0
* As a percentage of the amount withdrawn in excess of the free withdrawal amount.
The withdrawal charge for California decreases during your contract term as follows:
Contract year
1234567891011+
Charge
8.3% 8% 7% 6% 5% 4% 3% 2% 1% .91%* 0%
* Begins at 0.91% in month 1 and reduces by 0.083% each month, with a withdrawal charge of 0% in month 12.
Death benefit Upon your death, your beneficiaries will receive the contract value (which does not reflect any current withdrawal charge or MVA) or the cash surrender value (reflecting any applicable withdrawal charge and MVA), whichever is more.
1 Market Value Adjustment (MVA) not available in California.
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