Financial Ratings
About Symetra Life Insurance Company
Symetra Life Insurance Company offers a wide range of insurance and retirement solutions tailored to individuals, families, and businesses. Among its retirement products, Symetra provides multi-year guaranteed annuities (MYGAs)such as the Symetra Select Max® and Edge Elite®, which offer guaranteed interest rates over fixed periods. They also offer fixed indexed annuities (FIAs) like Edge Pro® and Edge Plus®, which combine guaranteed principal protection with potential growth linked to market indices. For income planning, Symetra features deferred income annuities such as Income Edge®, as well as immediate annuities for those seeking to convert a lump sum into steady income right away. In the life insurance space, Symetra provides term life insurance (e.g., Symetra Term) for affordable temporary coverage, along with universal life (UL) and indexed universal life (IUL) products like UL-G, Accumulator UL, and Accumulator IUL, which offer lifelong protection and the ability to build cash value. Additionally, Symetra supports employers with a robust portfolio of employee benefits, including group life, short- and long-term disability insurance, critical illness and accident coverage, and stop-loss insurance to help manage catastrophic health claims. Their offerings emphasize flexibility, financial stability, and customizable protection to meet evolving needs.
Financial Ratings
Live from CANNEXRating Agency
A.M. Best
Rating
A
Description
Excellent
Effective
January 15, 2010
Rating Agency
Moody's
Rating
A1
Description
Good
Effective
January 30, 2018
Rating Agency
Standard & Poor's
Rating
A
Description
Strong
Effective
January 15, 2010
Rating Analysis
Symetra Life Insurance Company maintains strong financial strength ratings from the major independent rating agencies, reflecting its solid capital position, prudent risk management, and long-term stability. As of the most recent updates, A.M. Best has assigned Symetra a rating of A (Excellent), indicating a strong ability to meet ongoing insurance obligations (updated April 24, 2024). Standard & Poor’s (S&P) also rates the company A (Strong), suggesting a stable outlook and sound financial performance (updated April 1, 2024). Additionally, Moody’s has awarded Symetra an A1 rating, recognizing its good credit quality and financial reliability (updated February 26, 2025). These consistently high ratings are a testament to Symetra’s financial health, operational discipline, and the backing of its parent company, Sumitomo Life Insurance. They offer policyholders and annuity contract holders confidence in the company’s long-term ability to fulfill its commitments.
Symetra Life Insurance Company Products
Fixed Indexed Annuities
Explore Symetra Life Insurance Company fixed indexed annuity products with current rates and features.
View Products→Multi-Year Guaranteed Annuities
Compare Symetra Life Insurance Company MYGA products with guaranteed rates and terms.
View Products→Immediate Annuities (SPIA)
View Symetra Life Insurance Company single premium immediate annuity options.
View Products→Deferred Income Annuities (DIA)
Explore Symetra Life Insurance Company deferred income and QLAC products.
View Products→Free Comparison Report
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