A Northwestern life insurer says it is adding a variable annuity contract that can maximize a purchaser's net returns.
Symetra Life Insurance Company, Bellevue, Wash, says its new Symetra Focus Variable Annuity includes Vanguard index investment options, exchange-traded funds and other low-cost investment options.
Because the average cost of the investment options is low, the average total cost of investing in the annuity is about 1.6%, which is considerably lower than the industry average, Symetra says.
Keeping costs low can increase the share of contract returns that goes to the holder, Symetra says.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.