December 14, 2017 10:55 PM ET

Insurance

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

Phone:

425-256-8000

Fax:

425-256-5818

Key Executives for Symetra Life Insurance Company

CEO, President, CEO of Symetra Financial Corporation and President of Symetra Financial Corporation
Age: 59
Chief Financial Officer and Executive Vice President
Age: 52
Chief Operations Officer and Senior Vice President
Chief Information Officer and Senior Vice President
Senior Vice President, General Counsel and Secretary
Age: 67
Compensation as of Fiscal Year 2017.

Symetra Life Insurance Company Key Developments

Symetra Life Insurance Company Appoints Jon Stenberg as Executive Vice President of its Individual Life Division

Symetra Life Insurance Company announced the appointment of Jon Stenberg as executive vice president of its Individual Life Division. In his new role, Stenberg will have responsibility for company's fastest-growing division, which recently launched its first indexed universal life insurance product.

Symetra Life Insurance Company Launches New Indexed Universal Life Product, Symetra Accumulator IUL

Symetra Life Insurance Company has expanded its universal life portfolio with the introduction of Symetra Accumulator IUL. A flexible premium adjustable life insurance policy with index-linked interest options, Accumulator IUL is designed for permanent life insurance coverage, maximized policy value growth and supplemental income potential. Symetra Accumulator IUL product highlights include: strong policy cash value accumulation potential and policy distributions; three index options; S&P 500® Index; JPMorgan ETF Efficiente® 5 Index "a volatility controlled option licensed exclusively to Symetra; blended S&P 500® and JPMorgan ETF Efficiente® 5 Index " a 2-year 50% blended option that combines S&P 500® Index performance with the volatility control of JPMorgan ETF Efficiente® 5 Index over a longer period of time; Index credit based on the index segment value at the beginning of the index segment term, less any withdrawals or standard loans taken during the term; guaranteed persistency bonus of 15% of the index credit beginning in policy year 11; a 2% cumulative lookback guarantee that may increase policy values every 8 years; ability to switch between standard or participating loans once per year without repaying the loan; and current guaranteed minimum cap on the S&P 500® Index of 3.5%.

Symetra Life Insurance Company Announces Management Promotions

Symetra Life Insurance Company reported the promotions of two Individual Life executives as Mary E. Bates is named senior vice president, chief operations officer, and Phil Bouvier assumes divisional sales leadership responsibilities as vice president, Sales and Marketing. Bates and Bouvier report to Symetra CEO Tom Marra and are based in the company's Waltham, Massachusetts office. Bates joined Symetra in May 2016 as vice president, underwriting research and development, Individual Life. Prior to Symetra, Bates was senior vice president of AXA Equitable Life Insurance Company. Bouvier joined Symetra in July 2011 as vice president, Life Insurance Sales. He previously served as national vice president, Individual Insurance Division at Sun Life Financial in Boston, and spent 15 years at John Hancock Life Insurance company in a variety of sales and management positions.

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