SYMETRA STRIDE FIXED INDEXED ANNUITY
9
Participation rates and caps
Participation rates and caps are set at the beginning of each interest term and may change at the start of each following term. They can be used to determine the amount of indexed interest that is credited to your contract, depending on your index choices.
PARTICIPATION RATES This interest crediting strategy credits your contract a percentage of the total index’s performance over a specified term. If the change in the index value from the beginning of the interest term to the end of the interest term is positive, you’ll receive a percentage of that return based on the participation rate. How the participation rate works: Index performance Participation rate Interest credited
CAPS Caps limit the amount of indexed interest that can be earned in each interest term. If the change in the index value from the beginning of the interest term to the end of the interest term is positive, you’ll receive interest up to the declared cap. How the cap works: Index performance Cap Interest credited
Index performance greater than cap Index performance less than cap
10%
4%
4%
Positive index performance Positive index performance Negative index performance
10%
50%
5%
2%
4%
2%
7%
50% 3.5%
Negative index performance
-5%
4%
0%
-5%
50%
0%
This hypothetical example shows how a Symetra Stride indexed account would be credited interest in hypothetical situations when index performance over the interest term was greater than the cap, less than the cap (but positive), or negative.
This hypothetical example shows how a Symetra Stride indexed account would be credited interest in hypothetical situations when index performance over the interest term was positive or negative. The amount of interest credited is the index performance multiplied by the participation rate.
Indexed interest is calculated and credited (if applicable) at the end of each interest term. Any amounts withdrawn from an indexed account before the end of the interest term will not receive interest for that term.
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