8
SYMETRA SELECT MAX
Choose the term of your Select Max annuity
Depending on your selection, the first three, five or seven years of your contract are called the “withdrawal charge period.” During this time, if you withdraw more than the free withdrawal amount, you will pay a withdrawal charge and applicable MVA on the excess amount, unless a waiver applies. This timeframe determines the amount you will be charged on that excess amount as well as the number of years you will earn a guaranteed interest rate.
The withdrawal charge decreases during your contract term as follows:
Withdrawal Charge in All States Except CA
Withdrawal Charge in CA
3-year schedule: Contract year 1
3-year schedule: Contract year 1
2 3 4+
2 3 4+
Charge* 8% 7% 6% 0%
Charge* 8% 8% 7% 0%
5-year schedule: Contract year 1
5-year schedule: Contract year 1
2 3 4 5 6+
2 3 4 5 6+
Charge* 8% 7% 6% 5% 4% 0%
Charge* 8% 8% 7% 6% 5% 0%
7-year schedule: Contract year 1
7-year schedule: Contract year 1
2 3 4 5 6 7
8+
2 3 4 5 6 7
8+
Charge* 8% 7% 6% 5% 4% 3% 2% 0%
Charge* 8% 8% 7% 6% 5% 4% 3% 0%
* A s a percentage of the amount withdrawn in excess of the free withdrawal amount.
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