August, 19 2017

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Symetra Life Insurance Company Review

Symetra Life Insurance Company Review

Author
  • Price
  • Underwriting
  • Financial Strength

Symetra Life Insurance Company Review

Pros: Size– Symetra has over $29 billion in assets and is a top 40 U.S. life insurance company (based on admitted assets). Financial Performance– Symetra Life Insurance Company was named to Ward’s 50 as a top performing insurance company for 2013, based on financial performance.  Life insurance with prostate cancer– Symetra Life Insurance Company offers a policy through LifeAgain called BlueMetric Select for men with prostate cancer.

Cons:  Symetra Life Insurance Company’s underwriting guidelines are strict for applicants with a parent or sibling with a family history of heart disease or coronary disease before age 60.

Bottom Line: Symetra Life Insurance Company (formerly known as Safeco Life Insurance Company) is an excellent life insurance company.  The bottom line is that Symetra offers competitive rates and underwriting guidelines (except on family history as noted above).  As with all the companies we review, we recommend that you receive a quote from Symetra Life Insurance Company but also from the other top companies and choose the best one for you.

About

Type: Public-SYA

Issued by: Symetra Life Insurance Company

Founded: 1957

Website: www.symetra.com

Phone: (800) 796-3872

Hours: Monday to Friday 6:00 a.m. to 4:30 p.m. PT

Address:  Symetra Financial, 777 108th Ave NE, Suite 1200 Bellevue, WA 98004

A.M Best Rating: A (Excellent) Third highest of 16 possible ratings

Comdex Ranking: 78 out of 100

BBB Rating: A+

Competitors: Ohio National Life, New York Life, Northwestern Mutual, MassMutual, Mutual of Omaha, John Hancock, PennMutual, Principal, State Farm, Farmers, Allstate, American General Life, Banner Life, Protective Life, Primerica, Genworth Life, Pacific Life Insurance, Lincoln National Life, ING-ReliaStar, Transamerica, Prudential, Midland, Cincinnati Life, ANICO, TIAA-CREF, Guardian, OneAmerica, Sagicor, Amica, Minnesota Life, RiverSource, Allianz Life Insurance Company, Thrivent Financial for Lutherans, AAA, Erie.

 

Price Comparison Chart

Sample rates for a  in each company’s best health class for $500,000-20 year term for a 40 year old male.

AgeSymetra American GeneralProtective LifeMetLife
40$37.63$34.04$34.06$40.86

 

 

Summary
Review Date
Reviewed Item
Symetra Life Insurance Company
Author Rating
4