Longevity Insurance

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Longevity Insurance
Symetra Life Insurance Company Bellevue,
Washington
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Retirement Income Reality

• A 2006 study found that over half the people who
  took their pension as a lump sum in 2003 have
  spent it all!

AARP Public Policy Institute, Pension Lump-Sum
Distributions Do Boomers Take Them or Save
Them? August 2006.
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Your Clients Have Concerns

• Access to and control of assets
• Inflation and rising healthcare costs
• Longevity living too long

• How do they know they have enough for retirement?

U.S. Census Bureau, Facts for Features Oldest
Baby Boomers Turn 60, January 3, 2006.
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Symetra Income Annuity Features

• Guaranteed, lifetime income
• Sustainable and guaranteed to help reduce
  uncertainty.
• Lifetime income options to help avoid the danger
  of outliving their income.
• Annual payment increase options to help counter
  the effects of inflation and rising healthcare
  costs.

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Longevity - What if I live too long?

• The longer Americans live, the longer they can
  expect to live.

Jonathan Clements, Getting Going How to Make
Sure Your Money Lasts as Long as You Do, The
Wall Street Journal, Oct. 24, 2006.
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Longevity Insurance Scenario

• Give your clients peace of mind knowing theyll
  be covered during their later years.
• Client allocates a percentage of assets to a
  deferred guaranteed lifetime income stream
• Remaining assets used for preferred income
  strategy

Client age 50 Purchase payment 25,000
Client age 80 2,137/month for life
Amounts determined using rates in effect as of
December 15, 2007.
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Thank You
Guarantees and benefits are subject to the
claims-paying ability of the underlying insurance
company. Symetra Advantage Income Immediate
Annuity is issued by Symetra Life Insurance
Company, 777 108th Ave. NE, Suite 1200, Bellevue
WA 98004 and may not be available in all U.S.
states. Not available in U.S. territory. Some
product features are subject to state
availability.