January 17, 2017 11:12 PM ET


Company Overview of Symetra Life Insurance Company

Company Overview

Symetra Life Insurance Company provides retirement, employee benefits, and life insurance products. The company offers fixed and variable deferred, fixed indexed, and income annuities; term and permanent life insurance products; and individual retirement annuities. It also provides group life and disability insurance, stop loss, fixed-payment medical, and critical illness and accident insurance for employers and employees. It serves customers through a network of independent advisors, brokers, and agents in the United States. Symetra Life Insurance Company was formerly known as Safeco Life Insurance Company and changed its name to Symetra Life Insurance Company in September 2004. The company...

777 108th Avenue NE

Suite 1200

Bellevue, WA 98004-5135

United States

Founded in 1957





Key Executives for Symetra Life Insurance Company

Chief Executive Officer, President, Chief Executive Officer of Symetra Financial Corporation and President of Symetra Financial Corporation
Age: 58
Chief Financial Officer and Executive Vice President
Age: 51
Chief Information Officer and Senior Vice President
Senior Vice President, General Counsel and Secretary
Age: 66
Age: 54
Compensation as of Fiscal Year 2016.

Symetra Life Insurance Company Key Developments

Symetra Life Insurance Company Appoints Joel C. Kneisley as Senior Vice President and Chief Information Officer

Symetra Life Insurance Company named Joel C. Kneisley as senior vice president and chief information officer (CIO). Kneisley was promoted from his current role as vice president, Information Technology. He continues to report to Symetra Chief Financial Officer Margaret Meister, who has served as interim CIO since June 2014. Kneisley will assume oversight of Symetra’s technology strategy, team and operations, with responsibility for the ongoing development of Symetra’s long-term information technology (IT) and digital roadmap. This encompasses the company’s IT systems architecture, business applications and cybersecurity. Prior to joining Symetra in 2011, Kneisley held senior IT management positions at Microsoft, Cloud Wise Consulting and Fox Software, as well as in the United States Armed Services where he managed the deployment of Global Positioning Systems.

Symetra Introduces GapAssist

Symetra has introduced GapAssist, a new package of accident, critical illness and inpatient hospital benefits designed to complement high-deductible medical plans and help employees with unexpected out-of-pocket medical costs. GapAssist offers three plan designs-Base, Classic and Premier. Each plan design offers the same core coverage but the benefit amounts vary. Groups may choose to offer just one plan or any combination of the three based on their needs. Accident coverage pays for eligible expenses related to an accident such as emergency room visits, physician fees, tests and X-rays, up to a set maximum benefit amount per accident. Critical illness coverage provides a lump-sum benefit upon the first diagnosis of a covered critical illness after the policy is in effect. Fixed-payment inpatient hospital coverage provides per-day benefits for covered stays in a hospital, intensive care unit, substance abuse facility, mental health or nursing facility.

M Financial Group Adds Symetra Life Insurance Company as Associate Carrier

Symetra Life Insurance Company has announced that it has been added to M Financial Group’s carrier platform as an Associate Carrier. Through this relationship, M Financial Member Firms will have direct access to Symetra’s individual life product line, including their Guaranteed Universal Life and Private Placement Variable Corporate-Owned Life Insurance (COLI) products.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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