Product enhances wealth transfer

Wealth management and wealth transfer are two hot topics in the world of financial planning. A new product from Symetra Life Insurance Co. (designed with the help of Future System Advisors) may be able to help advisors who work with high-net-worth individuals. Combining the advantages of life insurance and an annuity in one product, Symetra Complete Variable Life Insurance is intended to allow clients to “accumulate tax-deferred assets more effectively and still avoid leaving behind a heavy income tax burden to their heirs.”

Symetra’s product accomplishes its goal by using a patent-pending actuarial model to blend life insurance’s tax benefits and wealth transfer with an annuity’s investment flexibility and growth.