Symetra Adds Income Annuity

May 29, 2008 at 12:47 PM
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A Northwestern insurer has come out with a new "longevity insurance" product.

Symetra Life Insurance Company, a unit of Symetra Financial Corp., Bellevue, Wash, says the new Freedom Income Annuity income annuity contract is designed for consumers who want to defer collecting an income stream for about 10 to 20 years.