Introducing Accumulator Ascent IUL

Symetra is committed to the IUL marketplace and is always looking for ways to offer products and services that provide value for our customers. That’s why we’re pleased to introduce a new version of Accumulator IUL—Accumulator Ascent IUL—launching tomorrow, April 8, 2022!

Highlights include:

• A new product name: The name Accumulator Ascent IUL more clearly describes what our new product version was designed to do for customers—take their cash value accumulation potential to even higher levels.
• More competitive pricing: We now rank in the top tier (PDF) for policy cash value accumulation potential and policy distributions. Together with our high target premiums and lower policy charges, Accumulator Ascent IUL is one of the most competitive indexed universal life (IUL) products available.¹
• New Putnam Dynamic Low Volatility Excess Return Index™ Strategies (Putnam Index Strategies)²: Exclusive to Symetra, these new index strategies seek to generate index credits based on the Putnam Dynamic Low Volatility Excess Return Index (PDF). This dynamic index pursues attractive returns with a focus on managing volatility and avoiding unwanted surprises. The Index combines low-risk U.S. stocks, U.S. government bonds and cash, and has rules that seek to manage risk by dynamically adjusting its allocations to pursue a consistent volatility of 5%. Index strategy options include:
  • Putnam Dynamic Low Volatility Excess Return Index^™ with Bonus
  • Putnam Dynamic Low Volatility Excess Return Index^™ with High Participation Rate

Additional changes include the removal of our Persistency Bonus as well as updates to our fee and charge structure.

Symetra Accumulator Ascent IUL (PDF) continues to offer clients a straightforward indexed universal life product with a simple story. And now with these enhancements, it will offer clients the opportunity for even stronger cash value accumulation potential, more competitive policy distributions and lower policy charges.

Important dates and transition rules

April 7, 2022 (today): All applications for the current version of the product must be signed and dated. We must receive these applications signed and in good order no later than April 15, 2022. Applications signed and dated after April 7, 2022, will receive the new version of the product.

April 8, 2022: Our illustration systems will be updated with the new version of the product, and marketing materials will be available on our product microsite and symetra.com.

June 15, 2022: All cases for the current version of the product must be issued/paid. For 1030 exchange cases, the deadline will be extended if the only outstanding requirement is the receipt of 1035 funds.