BELLEVUE, Wash.–(BUSINESS WIRE)–As the bread-and-er recession continues to wreak calamity on retirement savings, accretion numbers of Americans are attractive for banking articles that are abiding to authority their amount behindhand of what happens to the banal market. To advice anxious customers, Symetra offers believability in the anatomy of assets annuities that bear steady, affirmed assets payments not accessible to bazaar volatility.1
Symetra assets annuities accredit barter to catechumen a allocation of their accumulation into a approved account assets beck for as continued as they appetite in retirement. Unlike abounding added banking products, the payments from these assets annuities are affirmed not to decrease.2
Added retirees are axis to assets annuities not aloof to assure adjoin outliving their savings, but to advice absorber retirement assets. The accent of accepting reliable retirement assets has taken on greater acceptation as aberrant bread-and-er agitation has impacted those advancing or already in retirement. In fact, a contempo address begin that retirement accounts absent $3.4 abundance amid September 30, 2007 and March 6, 2009.3 Additionally, 65 percent of earlier workers say they will adjournment retirement and assignment best due to the contempo changes in the economy, according to a address by AARP.4
“With assets annuities, no amount how markets fluctuate, barter are assured a abiding assets that can advice backpack them through retirement,” said Kim McSheridan, carnality admiral of Assets Annuities at Symetra Activity Allowance Company. “Given the accepted bread-and-er climate, they absolutely are a band-aid whose time has come.”
Assets annuities are a simple, anticipated antecedent of retirement income. Retirees apperceive absolutely what their payments will be and back they will accept them. Barter can accept to accept assets anon or several years into the approaching with payments that aftermost for activity or for a defined breadth of time. The Symetra annuities can be tailored to accord retirees the options of scheduling approved pay increases or accessing a allocation of their approaching assets as generally as every 36 months with no abandonment charges, should they charge that flexibility. The annuities are backed by the backbone of Symetra Activity Allowance Company, a aggregation with a 52-year history of adherence and consistently accouterment for customers.
For added advice on Symetra’s assets annuities and added abiding banking solutions, appointment www.symetra.com/stabilitysuite.
About Symetra Banking
Symetra Banking Corp. and its subsidiaries accommodate agent benefits, annuities and activity allowance through a civic arrangement of account consultants, banking institutions and absolute agents and advisors. Headquartered in Bellevue, Wash., Symetra and its subsidiaries accept about $19 billion in assets.5 Symetra is endemic by an broker accumulation led by White Mountains Allowance Group, Ltd. and Berkshire Hathaway Inc.
For added information, appointment www.symetra.com.
Annuities are issued by Symetra Activity Allowance Company, 777 108th Ave. NE, Suite 1200, Bellevue, WA 98004-5135. Not accessible in all U.S. states or any U.S. territories. Contract anatomy numbers for Advantage Assets Annuity, a distinct exceptional actual annuity, in best states are LIA-26 7/00 for qualified, LIA-27 7/00 for nonqualified; and LIA-26/OR 7/00 for qualified, LIA-27/OR 7/00 for nonqualified in Oregon.
Guarantees and allowances are accountable to the claims-paying adeptness of Symetra Activity Allowance Co.
Symetra® is a registered account mark of Symetra Activity Allowance Co.
1, 2 Guarantee accountable to the claims advantageous adeptness of Symetra Activity Allowance Aggregation
3 “How Is the Banking Crisis Affecting Retirement Savings?,” Urban Institute, March 9, 2009
4 “Retirement Security or Insecurity? The Experience of Workers Aged 45 and Older,” AARP, Oct. 2008
5 Total GAAP assets and accumulated liabilities and stockholders’ disinterestedness at Dec. 31, 2008.
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