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April 02, 2019 at 03:59 PM
Symetra Life Insurance Company has introduced a new indexed annuity with an index menu that extends beyond plain vanilla S&P 500 index options.
Another carrier, Athene USA, has gone beyond the S&P 500 zone by adding index options to annuities that are already on the market.
(Related: Transamerica Adds ICE Data Indices Index to New Annuity)
Symetra — a Bellevue, Washington-based company that’s owned by Sumitomo Life — has added the Symetra Trek contract.
The product is an individual, single-premium deferred annuity that’s registered with the U.S. Securities and Exchange Commission as a variable product. That contract’s list of index-linked interest options includes the PIMCO Equity Fusion Index.
