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Symetra Freedom Income Annuity - Details
Jeffrey J. Hovermale
Hello Mika, let's explore this outstanding annuity together. With its guaranteed lifetime income, no market risk, and flexible start date, it's a powerful choice for securing your future. Act now, as these high payout rates won't last forever.
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$288,596 will generate a payout of $1,998 /mo. for your single life with 20 years certain.
Longevity Annuity
Non-Qualified
CPI Index
A
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- 1: Income Analysis, Annual Payout Rate, Payments to 100 Disclosures: Any illustrations of future values used on this website or within a sales presentation are provided only for illustrative purposes. Any such illustration must not be regarded as guaranteed or as estimated future income unless it is based solely on the minimum guaranteed payout rates; The annual payout rate is a ratio of total Annuity Income to the purchase premium paid out each full year and includes both interest and return of principal. It is not an interest rate or a rate of return; This amount is for illustrative purposes only and is not a guarantee. The amount shown is the sum of future payments if an annuitant lives through age 100. If the annuitant is living, payments will continue after age 100 for life.
- 2: Taxable Income Disclosure: Applies when the account type is Non-Qualified: The Non-Taxable Portion (Tax Exclusion Ratio) of the Income Payment Amount is based upon the cost basis provided (or, if none is provided, the Purchase Payment will be treated as the after-tax cost basis) and is limited to that basis. The Non-Taxable Portion of the Income Payment Amount is the amount of each Income Payment that is excludable from income taxation. Once the cost basis has been recovered, the Non-Taxable Portion of the Income Payment Amount is zero and any additional amount paid out will be fully taxable as ordinary income.
- 3: Guarantees Disclosure: Insurance product and rider guarantees, including optional benefits and any fixed crediting rates or annuity payout rates, are backed by the financial strength and claims-paying ability of the issuing insurance company. They are not backed by the broker/dealer from which an annuity is purchased, by the insurance agency from which an annuity is purchased or any affiliates of those entities and none makes any representation or guarantees regarding the claims-paying ability of the issuing insurer.
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Symetra Freedom Income Annuity - Details
Symetra Freedom Income is a Single Premium Deferred Payout Annuity that lets you convert some of your hard-earned savings today into guaranteed future income that can last as long as you need it, for a certain period or a lifetime. Whether to protect against changes in the financial markets or to Social Security, guaranteeing some of your income with Freedom Income means you’ll have the freedom to pursue retirement on your terms.
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