SwiftProtectorSM Indexed Universal Life Insurance
A lifetime of coverage in a quick and easy process
SwiftProtector is flexible, permanent life insurance that's fast, easy and online.
It starts with the expertise of a qualified insurance professional who can help determine if it's right for you. Then you can apply online, whenever and wherever you want.
What is SwiftProtector?
SwiftProtector offers cost-effective, guaranteed death benefit protection that can provide financial support to those you leave behind. It also builds cash value through index strategies you can use during your lifetime.
Why SwiftProtector?
It's fast
An online process means coverage in as little as 25 minutes.1
It's permanent
You’ll have lifetime coverage―as long as you pay your required premiums―for long-term peace of mind.
It's easy
Your application, offer, payment and policy delivery are all online.
How it works
Your insurance professional starts the application. Then you get a link to finish the rest.
- Complete the application.
- Accept our offer and pay online.
- Your coverage starts right away.
Three possible paths to coverage1
Most people will be approved on the spot or within three days. In some cases, it may take a little longer.
Instant coverage
If you qualify, you can be approved right away and have coverage in as little as 25 minutes.
Accelerated underwriting
Sometimes we need a little more info. This can take one to three days.
Full underwriting
We may need to request a medical exam and more details. This can take up to 30 days.
Fact sheet
Key advantages
- A fast and easy online purchase experience (application, payment, policy issue and delivery).
- Cost-effective, guaranteed death benefit protection for your family that’s customizable to your needs.
- Index strategies that lock in any interest earned and protect policy values from market downtowns.
- Riders that can provide protection against the cost of care for chronic or terminal illnesses.
- A Lapse Protection Benefit included at no additional cost.1
Product basics
Issue ages: 20–60 years old
Policy size: $100,000–$3 million
Rate classes
- Super Preferred Non-Nicotine
- Preferred Non-Nicotine
- Standard Non-Nicotine
- Preferred Nicotine
- Standard Nicotine
Death benefit options:
Option A: Level Specified Amount
Option B: Specified Amount plus Policy Value
Coverage period: The duration of the lapse protection benefit guarantee is customizable, either for a specific time period or to the insured’s age 120.
Cash value accumulation
SwiftProtector provides opportunities for your cash value to grow through several index strategies and a fixed account. You’ll choose what’s right for you based on your personal outlook for the future. Any growth within the indexed strategies is linked to the performance of an underlying market index. Your policy can benefit from the potential growth of these external indexes, but it’s also protected from market losses. You can change your indexed strategies and future premium allocations at specified intervals.
Loans and withdrawals
SwiftProtector provides access to your policy value through withdrawals or loans if you need it.2
Features and benefits
Included:
- Accelerated Death Benefit for Terminal Illness Rider: Provides access to a portion of the policy’s death benefit to help cover the cost of medical bills, end-of-life care—or whatever is needed most—if you’re diagnosed with a terminal illness.
- Accidental Death Benefit for Chronic Illness Rider: Allows you to access a portion of the death benefit to help provide financial support after being diagnosed with a chronic illness. If the optional Accelerated Death Benefit for Chronic Care Advantage Rider is selected, the Accelerated Death Benefit for Chronic Illness Rider is not available.
- Lapse Protection Benefit: Provides the flexibility to customize the duration of the insured’s guaranteed death benefit.3
- Overloan Lapse Protection Rider: Protects policies from lapsing due to excessive indebtedness.4
Optional:
- Accelerated Death Benefit for Chronic Care Advantage Rider: Provides the option to choose what percentage of the death benefit (50% or 100%) you could access to help cover medical costs, long-term-care costs, or whatever else you need, should the insured experience a qualifying event. If you select this optional rider, then the Accelerated Death Benefit for Chronic Illness Rider is not available.
*Terms and conditions apply.
Questions?
Navigating life insurance can be complex, but we're here to make it easier.
Symetra SwiftProtector is a flexible-premium adjustable life insurance policy with index-linked interest options issued by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004. Not available in all U.S. states or any U.S. territory. Where available, it is usually issued under policy form number ICC23_LC1.
Policy endorsements are not available in all U.S. states or any U.S. territory, and terms and conditions may vary by state in which they are available. Where available, they are usually issued under the following rider and endorsement form numbers: Accelerated Death Benefit for Chronic Illness Rider form number ICC16_LE6, Accelerated Death Benefit for Terminal Illness Rider form number ICC16_LE5, Accelerated Death Benefit for Chronic Care Advantage Rider form number ICC23_LE1.
Life insurance policies contain exclusions, limitations, reductions of benefits and terms for keeping them in-force. Contact your insurance professional for complete details. Guarantees and benefits are subject to the claims-paying ability of Symetra Life Insurance Company.
A rider is a provision of the policy that may have additional costs, limitations, potential benefits, and features that should never be confused with the base policy itself. Before evaluating the benefits of a rider, carefully examine the policy to which it is attached.
Guarantees and benefits are subject to the claims-paying ability of Symetra Life Insurance Company. Certain benefits or riders may have tax implications. Consult with your legal or tax professional prior to purchasing.
The Accelerated Death Benefit for Chronic Illness and Accelerated Death Benefit for Terminal Illness Riders are only available for insureds issue ages 20-60, and are not available on rated policies. For the Accelerated Death Benefit for Chronic Illness Rider, the amount of death benefit that’s accelerated, plus any accrued interest, will be secured by a lien against the base policy death benefit. Upon the death of the insured, the death benefit will be reduced by the amount of the lien, and the remaining death benefit will be paid. Exercising the Accelerated Death Benefit for Chronic Illness Rider will prohibit the policyowner from exercising the Accelerated Death Benefit for Terminal Illness Rider, and exercising the Accelerated Death Benefit for Terminal Illness Rider will prohibit the policyowner from exercising the Accelerated Death Benefit for Chronic Illness Rider. If the optional Accelerated Death Benefit for Chronic Care Advantage Rider is selected, the Accelerated Death Benefit for Chronic Illness Rider is not available.
The Accelerated Death Benefit for Chronic Care Advantage Rider is offered at application for an additional cost. The acceleration and payout percentages cannot change once the rider is issued. This rider is only available for insureds issue ages 20-60, and if elected, additional underwriting will be required, and if the insured qualifies, the rider rate class will be the same as on the base policy. It’s possible that the insured is approved for the base policy but declined for this rider based on the rider underwriting results. This rider is not available on policies
with ratings worse than Table 4, with annual flat extras exceeding $5 per $1,000, or with both flat extras and table rates. Exercising this rider will prohibit the policyowner from exercising the Accelerated Death Benefit for Terminal Illness Rider.
Receipt of an accelerated death benefit may be taxable, especially if the insured does not have a prescribed plan of care. Consult with your personal tax or legal professional before applying for this benefit. You may also lose your right to receive certain public funds such as Medicare, Medicaid, Social Security, Supplemental Security Income (SSI), and possibly others.
The accelerated death benefit is intended to qualify under section 101(g) (26 U.S.C. 101(g)) of the Internal Revenue Code. The death benefit, policy value and loan value will be reduced if an accelerated death benefit is paid. For policies with a lapse protection benefit, the lapse protection value will also be reduced. There is no restriction on the use of proceeds of these accelerated death benefits.
Symetra SwiftProtector has fixed and indexed accounts. Interest credited to the indexed accounts is affected by the value of outside indexes. Values based on the performance of any index are not guaranteed. The policy does not directly participate in any outside investment or index.
Allocations to the fixed account or index strategies are based on the allocation instructions provided at time of application, and may be subsequently changed in writing by the policy owner. When allocations occur, an index segment for each respective index strategy is created. Each index segment has its own index crediting method, index value, index cap, index spread, index floor, index participation rate, index segment term, and index start and maturity date. The index caps, floors and participation rates after the initial index segment term may be higher or lower than the initial rates, but will never be less than the guaranteed minimums shown in the policy. The index spreads after the initial index segment term may be higher or lower than the initial spreads, but will never be higher than the guaranteed maximum shown in the policy.
An index segment represents the portion of the index account that credits interest based on a change in the indexes applicable to that index segment. Index credits are calculated and credited (if applicable) on the respective index segment’s maturity date. Amounts withdrawn from the index account before the index segment’s maturity date will not receive an index credit, if applicable, for that term.
Any growth within the index strategies you select is linked to the performance of the specified market index over the measurement period (1- or 2-year point-to-point). The market index design, rules, composition, and strategy may act as a limit to the specified market index performance. Volatility indexes are designed to manage downside risk but may also limit upside potential. For more information on a specific market index, refer to their index description.
Symetra applies index caps, participation rates, spreads and/or bonus rates (as applicable) to the performance of the specified market index before any applicable index credit is credited to the index segment. Your index credit will not be less than zero percent. An index crediting strategy that does not have a cap may be referred to as with “no cap” in our marketing materials. In situations where Symetra does not impose a cap, there may still be an upper limit based on the design of the volatility-control index.
The initial index cap, index spread, index floor and index participation rate are established on the allocation date. An index segment represents the portion of the index account that credits interest based on a change in the indexes applicable to that index segment. The index caps, spreads, floors and participation rates after the initial index term may be higher or lower than the initial, but will never be less than the guaranteed minimum shown in the policy. The additional index credit rate (bonus rate) is used to determine the additional amount that will be applied to the policy value for allocating money to the Putnam Dynamic Low Volatility Excess Return Index with Bonus index segment.
The additional index credit rate will vary upon each allocation (lower or higher), but the additional index credit rate will never be less than the guaranteed minimum additional index credit rate defined in your policy.
It is not possible to invest in an index.
Symetra reserves the right to add, modify or remove any index strategy or indexed interest crediting method. If any index is discontinued or if the calculation of any index is changed substantially, Symetra reserves the right to substitute a comparable index.
This is not a complete description of the Symetra SwiftProtector policy. For a more complete description, please ask your insurance professional.
SwiftProtectorSM is a service mark of Symetra Life Insurance Company.
1 Depending on your answers during the application process, you may travel down one of three underwriting paths—instant coverage, accelerated underwriting or full underwriting. The typical coverage turnaround time is about 25 minutes for instant coverage, 24-72 hours for accelerated underwriting and 30 days for full underwriting. Premium payment is required for coverage to be in effect.
2 Withdrawals and loans may reduce or eliminate the death benefit payable to your beneficiaries. In general, policy loans are charged interest; they are usually not taxable. If a policy lapses or is surrendered, the loan becomes immediately taxable to the extent of the gain in your policy. Withdrawals are taxable only when you take more money out of the policy than you’ve paid in premiums. If your policy becomes a Modified Endowment Contract (MEC), less advantageous tax provisions apply.
3 The Lapse Protection Benefit prevents the policy from entering the Grace Period when the policy is in a Lapse Protection Benefit Period. Coverage will remain in effect as long as the Lapse Protection Value is greater than or equal to zero and the surrender value of your policy is greater than the sum of all outstanding policy loans and loan interest. Loans, withdrawals, and late or delayed premium payments may affect the duration of the Lapse Protection Benefit.
4 The Overloan Lapse Protection Rider is only available on Symetra Protector IUL life insurance policies with the Guideline Premium Test (GPT) for life insurance.
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