Term life insurance
Symetra Term
Symetra Term is a life insurance policy providing financial protection for your family or business for 10, 15, 20, or 30 years.
If the insured dies during the term of the policy, we’ll pay a “death benefit" to your designated beneficiary in a lump sum or in monthly payments.
Symetra Term premiums are guaranteed to remain level during the initial term, and you have the flexibility to convert to a permanent policy should your coverage needs change.
Symetra Term is designed to provide simple, straightforward life insurance coverage that meets several needs.
I want insurance that’s affordable.
- Term insurance is the most affordable and straightforward kind of life insurance because it covers you for a specific amount of time—10, 15, 20 or 30 years and the premiums are guaranteed for the term period you select. Other types of life insurance may include additional features and tend to be more expensive.
I want financial protection for my family if I pass away.
- As long as you make your payments on time, your beneficiaries will receive the death benefit promised in your policy. It’s generally free of federal income tax.
I want predictable payments.
- With Symetra Term, you’ll never have to guess what you have to pay. Once your coverage is in effect, your payments won’t change for the coverage term period you choose.
I want flexibility.
- You can pick a payment schedule that works best for you, whether that’s monthly, quarterly, semiannually or annually, and you can change it at any time for any reason.
- If your financial situation changes, you may be able to decrease your coverage amount to reduce your premiums.
- If your needs change and you decide you want permanent life insurance (which is designed to last your lifetime and may accumulate cash value), you may be able to convert your policy to a permanent product offered by Symetra.
- Symetra Term has a 30-day, money-back guarantee, called our Free-Look Period. If you change your mind within 30 days of getting the policy, just let us know and you can get a full refund.
- If you decide you no longer need it, you can cancel your coverage for any reason during the life of the policy.
I want full transparency into what I’m buying.
- Symetra Term has no hidden fees. What you see is what you get. The price you accept when you purchase the policy is the price you pay for the length of the term.
I want life insurance from a reliable company.
- Symetra is a financially strong, well-capitalized life insurance company. We’ve been in the business for more than 60 years, operating on a foundation of financial stability, integrity and transparency.
I don’t want any surprises.
- You must be between ages 20-80 to purchase Symetra Term.
- Choosing to pay on a monthly, quarterly or semiannual schedule may cost a little more than if you pay annually.
- Certain policy options (riders) you decide to add to your policy may result in additional charges.
- You can cancel your policy within the Free-Look Period (the first 30 days after receiving it) and receive a full refund.
- Skipping or missing premiums will result in a cancellation of your policy.
- Applying for Symetra Term will require full underwriting. This means that your approval for coverage and the premiums you’ll pay will be based on the coverage amount you apply for, your age, and your answers to questions on the application. If you’re approved for coverage and accept and pay the premium, your policy will be issued. This process typically takes 30 days.
- At the end of your selected coverage term period your premiums will likely go up, but we'll tell you what your new premiums will be.
*Not all coverage term periods are available at all ages.
This is a high-level overview of Symetra Term so you can get a sense of whether it might work for you. This is not a complete description. Please ask your insurance professional for a more complete description of this product.
Next steps
Contact your insurance professional today.
Symetra Term is a term life insurance policy issued by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004. Policy form number is ICC18_LC1 in most states. Not available in all U.S. states or any U.S. territory.
Life insurance policies contain exclusions, limitations, reductions of benefits and terms for keeping them in-force. Please contact your insurance professional for complete details.
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.
Policy rider availability may vary by distribution partner.
Although proceeds of life insurance are generally received income-tax-free by beneficiaries, estate and local taxes may apply. Consult your attorney or tax professional for more information.
Conversion to a permanent product may not be available in all states. Conversion is also not available if an accelerated death benefit was exercised on the policy.
This is not a complete description of the Symetra Term policy. For a more complete description, please ask your insurance professional.
WEB-1466 5/23