Symetra Life Insurance Review & Ratings (2023)

Symetra Life Insurance is a well-established insurance company that has been providing quality insurance products and services for over 60 years. They offer a range of life insurance options at competitive prices, and they also have a reputation for exceptional customer service.

Customers can enjoy a variety of discounts to help lower their premiums, and the company has received positive feedback from customers for their professionalism, reliability, and financial stability.

Interesting Attributes of Symetra Life Insurance:

• Symetra Life Insurance has been in business for over 60 years, making them a trusted name in the insurance industry.
• They offer a range of life insurance options, including term life, whole life, and universal life insurance.
• Symetra is committed to making insurance more accessible and affordable, with a focus on serving the needs of middle-market consumers.

Symetra Life Insurance is a reputable and reliable insurance company that has been providing quality insurance products and services for over 60 years. They offer a range of life insurance options, including term life, whole life, and universal life insurance, to help meet the needs of their customers.

In this review, we will take a closer look at the company’s history and mission, the main products and services they offer, the cost of those services, and the states where their services are offered. We will also explore the different types of discounts available to customers and how you qualify for them.

Symetra Life Insurance History and Mission

Symetra Life Insurance was founded in 1957 as a subsidiary of Safeco Corporation. The company has since grown to become a leading provider of life insurance, annuities, and employee benefits. Symetra is committed to making insurance more accessible and affordable, with a focus on serving the needs of middle-market consumers.

Symetra’s mission is to help their customers achieve financial security and peace of mind through their products and services. They believe in providing customized solutions that meet the individual needs of their customers, and they strive to make the insurance process as easy and transparent as possible.

Symetra is dedicated to delivering exceptional customer service and building long-term relationships with their policyholders. In addition to their commitment to their customers, Symetra is also dedicated to giving back to the community.

They support a range of charitable organizations and community initiatives, with a particular focus on education, health and wellness, and financial literacy. Symetra is proud of their history of serving their customers and making a positive impact in the communities where they operate.

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Products and Services Offered by Symetra Life Insurance

Symetra Life Insurance offers a range of products and services to help individuals and families achieve financial security and peace of mind. Here is an overview of their main offerings:

• Life insurance: Symetra offers several types of life insurance, including term life, whole life, and universal life insurance. These policies provide coverage for a specific period or for the policyholder’s entire lifetime, and they can help protect your loved ones in the event of your unexpected death.
• Annuities: Symetra also offers annuities, which are investment products designed to provide a guaranteed stream of income in retirement. They offer fixed, indexed, and variable annuity products to help you achieve your retirement goals.
• Employee benefits: Symetra provides a range of employee benefits solutions to help businesses attract and retain top talent. These solutions include group life and disability insurance, dental and vision coverage, and retirement plans.
• Disability insurance: Symetra offers disability insurance products to help protect your income in the event of a disabling injury or illness. Their policies provide a portion of your income while you are unable to work, allowing you to focus on your recovery without worrying about your finances.
• Long-term care insurance: Symetra also offers long-term care insurance, which provides coverage for the costs associated with long-term care services, such as nursing home care, in-home care, and assisted living facilities. This coverage can help protect your savings and provide peace of mind as you age.

How much does Symetra Life insurance cost?

The cost of Symetra Life Insurance products varies depending on several factors, including the type of policy, coverage amount, policy term, age, health status, and lifestyle habits. Here are some general guidelines for the cost of Symetra Life Insurance:

• Term life insurance: The cost of a term life insurance policy depends on factors such as age, health status, and coverage amount. For example, a healthy 30-year-old non-smoker may pay around $20 per month for a 20-year term life insurance policy with a $500,000 death benefit.
• Whole life insurance: Symetra’s whole life insurance policies provide coverage for the policyholder’s entire lifetime and also have a savings component. The cost of a whole life insurance policy is typically higher than a term life insurance policy due to the additional savings component. For example, a healthy 30-year-old non-smoker may pay around $150 per month for a $250,000 whole life insurance policy.
• Annuities: The cost of Symetra’s annuity products depends on factors such as age, the type of annuity, the amount of the initial investment, and the length of the payout period. Annuities typically have higher fees than other insurance products due to their investment component.
• Employee benefits: The cost of Symetra’s employee benefits solutions varies depending on the size of the business, the type of coverage selected, and the number of employees. Symetra offers customized solutions to fit the needs and budget of each employer.
• Disability insurance: The cost of Symetra’s disability insurance products depends on factors such as age, health status, occupation, and coverage amount. For example, a healthy 30-year-old office worker may pay around $30 per month for a $2,500 monthly disability benefit.
• Long-term care insurance: The cost of Symetra’s long-term care insurance products depends on factors such as age, health status, and coverage amount. For example, a healthy 55-year-old non-smoker may pay around $200 per month for a policy that provides $6,000 per month in benefits for up to three years.

In what parts of the U.S. is Symetra Life insurance offered?

Symetra Life Insurance offers its products and services in most states across the United States. However, the availability of specific products may vary by state. Here is a list of some of the major states where Symetra Life Insurance is offered:

• California
• Florida
• Texas
• New York
• Illinois
• Pennsylvania
• Ohio
• Michigan
• Georgia
• Virginia

This is not an exhaustive list, and Symetra Life Insurance may also offer its products and services in other states. To find the states where Symetra Life Insurance is provided, you can follow these five steps:

1. Visit the Symetra Life Insurance website.
2. Click on the “Products” tab in the main menu and select the type of insurance you are interested in, such as “Life Insurance” or “Employee Benefits.”
3. On the product page, scroll down to the section that says “Where We Offer” or “Availability.”
4. Check if your state is listed as one of the states where Symetra offers its products and services.
5. If your state is not listed or if you have further questions, you can contact Symetra’s customer service team by phone or email for more information.

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Discounts Available Through Symetra Life Insurance

Symetra Life Insurance offers several discounts to its customers to help them save money on their insurance premiums. Here are some of the discounts available through Symetra Life Insurance:

• Multi-policy discount: Customers who have multiple Symetra insurance policies can receive a discount on their premiums.
• Healthy living discount: Symetra offers discounts to customers who maintain a healthy lifestyle. This may include discounts for non-smokers, individuals who exercise regularly, and those who have a healthy BMI.
• Age-based discounts: Symetra offers discounts to customers based on their age. These discounts may apply to customers who are younger than a certain age or who are older than a certain age.
• Preferred risk discount: Customers who are considered a low risk for life insurance may receive a discount on their premiums.
• Safe driver discount: Symetra also offers discounts to customers who have a good driving record.
• Loyalty discount: Customers who have been with Symetra for a certain period may receive a discount on their premiums.

Customer Reviews of Symetra Life Insurance

Symetra Life Insurance has generally received positive reviews from its customers. Here is an overview of what customers have reported as the company’s strengths and weaknesses:

Strengths:

• Competitive rates: Many customers have reported that Symetra offers competitive rates for its insurance products.
• Excellent customer service: Customers have praised Symetra’s customer service team for being knowledgeable, responsive, and helpful.
• Easy application process: Customers have reported that the application process for Symetra’s insurance products is straightforward and user-friendly.

Weaknesses:

• Limited product options: Some customers have reported that Symetra offers a limited selection of insurance products compared to other companies.
• Strict underwriting requirements: Symetra’s underwriting requirements may be more stringent than those of other insurance companies, which could make it more difficult for some customers to qualify for coverage.
• Slow claims processing: Some customers have reported that the claims processing time for Symetra’s insurance products can be slow.

In Summary: Symetra Life Insurance

Symetra Life Insurance is a reputable life insurance company that offers a variety of insurance products to customers across the United States. The company has a rich history that spans over 60 years and a mission to help its customers achieve financial security and peace of mind.

Symetra’s main products and services include term life insurance, permanent life insurance, annuities, and disability insurance. The cost of Symetra’s insurance products varies depending on factors such as the type of policy, the customer’s age, and their health status.

Symetra offers insurance products in most states across the United States, including New York, California, Texas, and Florida, among others. Customers can easily find out if Symetra offers insurance products in their state by visiting the company’s website and entering their ZIP code.

Symetra offers a range of discounts to its customers, including multi-policy discounts, safe driver discounts, and good student discounts. Customers can qualify for these discounts by meeting certain criteria, such as having multiple policies with Symetra or maintaining a clean driving record.