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November 28, 2015 4:36 AM ET


Company Overview of Symetra Life Insurance Company

Company Overview

Symetra Life Insurance Company provides life insurance services in the United States. It offers annuities, life insurance, group employee benefits, and retirement plans through a network of agents and advisors. The company was formerly known as Safeco Life Insurance Company and changed its name to Symetra Life Insurance Company in September 2004. The company was founded in 1957 and is based in Bellevue, Washington with an additional office in Waltham, Massachusetts. Symetra Life Insurance Company operates as a subsidiary of Symetra Financial Corporation.

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: 57
Chief Financial Officer and Executive Vice President
Age: 50
Chief Information Officer and Senior Vice President
Age: 56
Senior Vice President, General Counsel and Secretary
Age: 65
Age: 53
Compensation as of Fiscal Year 2015.

Symetra Life Insurance Company Key Developments

Symetra Life Insurance Company Appoints Paul Mistretta as Senior Vice President and Chief Operations Officer of its Individual Life Division; Announces New, Larger Location for its Growing Individual Life Operations

Symetra Life Insurance Company announced the appointment of Paul Mistretta as senior vice president and chief operations officer of its Individual Life Division. He reports to Tom Marra, president and CEO of Symetra Financial Corporation, and will be based in Waltham, Massachusetts. Mistretta will provide operations leadership and oversee new business and underwriting in Symetra's Individual Life Division (ILD). He brings to his new role nearly 30 years of life industry experience, most recently serving as president of Prosperity Life Insurance Group (PLIG) in Roanoke, Virginia, where he oversaw all aspects of the holding company and daily operations of its subsidiary, Shenandoah Life. Mistretta also has held senior operations positions with ING, American General Life Insurance Companies and First Colony Life Insurance. The company also announced a new, larger location for its growing Waltham-based individual life operations, more than doubling the combined space of its two former offices.

Symetra Life Insurance Company Presents at FundForum USA 2015, Oct-27-2015 02:50 PM

Symetra Life Insurance Company Presents at FundForum USA 2015, Oct-27-2015 02:50 PM. Venue: Mandarin Oriental, Boston, Massachusetts, United States. Speakers: John Rafferty, VP- Head of Retirement Marketing.

Symetra Introduces New Group Critical Illness Insurance Product

Symetra Life Insurance Company announced the expansion of their group benefits product suite to include a new, enhanced Symetra Critical Illness (CI) Insurance policy. This new group product allows employers to offer an added layer of financial protection in the event of a covered critical illness with added flexibility for the employer and the employee and more covered conditions than traditional CI policies. The policy is available as standalone coverage or in conjunction with other Symetra group products, including stop loss, life, disability and Select Benefits fixed-payment medical insurance. Symetra Critical Illness provides a lump-sum payment to the insured employee or family member upon diagnosis of a covered condition, after the policy is in effect. Covered conditions are divided into three primary categories, with each condition paying a fixed percentage of the benefit amount between 25% and 100%. Benefits are paid directly to the insured, regardless of any other coverage they may have, and may be used for anything, including expenses like co-pays, child care and transportation. Available as an employee- or employer-paid benefit, Symetra Critical Illness offers a variety of custom options family coverage, health screening, buy-up and recurrence benefits, as well as guaranteed issue amounts to help meet the needs of different groups.

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