Symetra Life Insurance Company

Symetra Life Insurance Company was established in 1957 and headquartered in Bellevue, Washington.

Is Symetra a Good Insurance Company?

The parent insurance company is Sumitomo Life, one of the largest insurance companies from Japan.

Together the two companies have approximately $350 billion in assets.

We review carriers to show you what is available and how it compares to other life insurance companies.

Financial Strength

  • AM Best – “A” (3rd highest of 16)
  • Moody’s – “A1” (5th highest of 21)
  • Standard and Poor’s – “A” (6th highest of 21)

Ratings are subject to change. AM Best – 02/21, Moody’s 10/20, S&P 06/20

Guiding Principles

Symetra’s business is guided by the following principles:

  • Value
  • Transparency
  • Sustainability

As part of Symetra’s culture, they are committed to their people, customers, communities, advocacy, growing a diverse leadership group.

The company is active in their community with youth programs, grant and scholarship programs, and support their employee volunteer activities.

Symetra Life Insurance Products

Symetra offers a number of different types of life insurance to help you.

Choices include:

Term Life Insurance by Symetra

Symetra Term and Symetra SwiftTerm are term life products that are available.

Symetra Term offers:

  • Minimum Policy Size = $250,000
  • Term Lengths of 10, 15, 20 and 30 years
  • Conversion offered for 10 years or until the insured reaches age 70, whichever is earlier.
  • Riders available:
    • Accelerated Death Benefit for Terminal Illness
    • Insured Children’s Term Insurance Rider – $1,000 – $10,000 ages 15 days to 17 years, ends at 25.
    • Waiver of Premium
    • Accidental Death Benefit Rider
    • Additional Term Insurance Rider – adds level term insurance for a family member or business partner starting at $100,000

Symetra SwiftTerm offers:

SwiftTerm now offers the possibility for instant approvals!

  • Minimum Policy Size – $100,000
  • Term Lengths – 10, 15, 20 and 30 years
    • 10-year – Ages 20-60
    • 15-year – Ages 20-60
    • 20-year – Ages 20-60
    • 30-year – Ages 20-50
  • Conversion offered for 10 years or until the insured reaches age 70, whichever is earlier.
  • Riders available:
    • Accidental Death Benefit
    • Children’s Term Life Insurance
    • Waiver of Premium

The SwiftTerm term life product is used with accelerated underwriting as described later in this article.

Symetra Universal Life Insurance

A number of permanent life insurance policies are available including cash value policies and index universal life.


The CAUL policy is the Current Assumption Universal Life Insurance policy that offers the following.

  • Minimum Policy Size $100,000
  • Chronic Illness Rider
  • Terminal Illness Rider
  • Chronic Illness Plus Rider
  • Accidental Death Benefit Rider
  • Additional Term Rider
  • Charitable Giving Benefit

This policy offers the potential to build cash value and offers a no lapse guarantee.

Protector Index Universal Life

Index universal life insurance has become increasingly popular and Symetra offers the following.

  • Minimum Policy Size $100,000
  • Index Strategies include – S&P 500, JPMorgan ETF Efficiente, Blended S&P 500 and JPMorgan ETF Efficiente
  • Lapse Benefit Rider
  • Lapse Protection Benefit Rider
  • Persistency Bonus
  • Lookback Guarantee
  • Accelerated Death Benefit for Chronic Illness
  • Guaranteed Policy Value on Surrender
  • Overloan Lapse Protection Rider
  • Accelerated Death Benefit for Chronic Illness Plus Rider
  • Charitable Giving Benefit Rider

For any permanent life insurance policy of interest to you, we provide you with the full company illustration and consumer guide for your review.

Does Symetra Offer Accelerated Underwriting?

Yes, Symetra does offer accelerated underwriting for their term life insurance and universal life policies.

SwiftTerm is Symetra’s accelerated term life insurance product.

The program criteria include:

  • Age 20-60 – $100,000 to $2 million.

We complete an e-application. Underwriting will then check the prescription database, motor vehicle and medical information bureau checks.

If your application qualifies you will be approved on the spot or within 3 days.

If not, the application gets routed to traditional underwriting.

Symetra has a couple of underwriting niches that are competitive.

The main one is the GoodLife Rewards Credit Program.

The rewards program may improve offers by up to 3 table ratings.

The program is available for insureds age 70 or younger looking for permanent insurance.

Any of the following may help you qualify, the more the better.

  • Never used nicotine products
  • Favorable blood pressure history
  • Favorable family history
  • Controlled cholesterol
  • Body Mass Index that meets guidelines
  • EKG or Stress Test Results that are favorable
  • Age appropriate screening tests completed
  • Regular exercise program

A newer area that Symetra has been competitive with is the HIV+ marketplace.

There are only a few companies that underwrite HIV+, and Symetra has a number of reinsurers available to consider coverage up to $1,000,000.

Some non-medical underwriting niches include:

Private pilots with at least 100 solo hours and 750 total hours may qualify for a policy without a flat extra expense.

High Net Worth Foreign Nationals Program

Symetra’s program is very competitive, offering up to $35 million in coverage to foreign nationals.

While many companies will only consider universal life insurance applications, Symetra will allow either term or permanent life insurance.

This is a great option for businesses operating in the U.S. where an owner is a foreign national but is required to put up personal collateral for loans, key person coverage, buy-sell, etc.

Symetra Customer Service

Telephone number for Symetra is 800-796-3872

You will find the login for Symetra – here

Address = 777 108th Ave NE, Suite 1200, Bellevue, WA 98004


Symetra is a good company and there may be times when Symetra is the best for your life insurance needs.

Please take a few minutes to submit your quote request today.

We’ll show you how this company compares to competitors. Thank you.

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