Symetra Life Insurance Company

The journey of Symetra Financial begins as life insurance and investments subsidiaries of a Seattle-based Fortune 500 insurance company. Later on, it entered the group insurance business. It started offering universal life insurance.  The company expanded its Medical Stop Loss business after it took over the third party administrator Employee Benefit Consultants Inc.

After being acquired by an investor group headed by White Mountains Insurance Group, Ltd., and Berkshire Hathaway Inc. Symetra Life started working as individual company.

Services/Products

The company offers products and strategies to assist individuals save for retirement and products that offer guaranteed income for life.

Employee Benefits

The company provides products that offer benefits to part-time, hourly, temporary or seasonal workers. It includes retirement plans, medical plans and life insurance to enable the employers attract and retain high quality workforce.

Symetra Life Insurance Company Details

Lines of Insurance:
Life

States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

Type of Insurance Company: Mutual

Symetra Life Insurance Company Rating: A

Company Financial Status:
Assets & Premiums: 2005 Assets: $20.1 billion
2005 Revenues: $1.6 billion
S&P rating: A- (strong)
Moody's rating: A2 (good)
Fitch rating: A+ (strong)

Medical Stop Loss Insurance

The medical stop loss insurance offers employers multiple options if they are looking for medical plan policies.

Annuities

Fixed Deferred Annuities

Fixed deferred annuities are a unique option to build tax-deferred retirement income, particularly if you are looking for minimizing risk.

Fixed Indexed Annuities

Fixed Indexed Annuities offers opportunities for some higher return without any downside risk.

Variable deferred Annuities

It is long-term insurance plans developed to generate retirement income through tax-deferred plan.  The growth potential is high along with risk as well.

Income Annuities

Income annuities are primary source of income for people in or near retirement. You can transform a portion of your savings into guaranteed income for the whole life.

Life Insurance

For lifetime coverage or for a particular number of years life insurance policies are offered.

Term Life Insurance

Term life insurance offers protection for a stipulated span of time and is considered to be the most affordable form of life insurance.

Permanent Life Insurance

Such insurance policies offer protection for the entire lifetime.

Retirement plans

Individual Retirement Annuity

You can save for retirement on your own or incorporate the retirement benefits your employer provides.

Benefits

Benefits are guaranteed and it cannot fluctuate with changes in the market in future. No annual fees or expenses are required. It is entirely the choice of the policy holder how often to receive payments - as frequently as weekly. 

Claims

Claims can be made by approaching the agent of the company or the nearest branch of the company accompanied by the necessary supporting to establish your claim.

Symetra Life Insurance Company Contact Details & Phone Number

Symetra Life
President Randall H. Talbot
777 108th Avenue NE, Ste. 1200
Bellevue, WA 98002
Phone Number: 800-796-3872

Where to send complaints:
Symetra customer service
Bellevue, WA 98002
Phone Number : 800-796-3872

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