Symetra Term Life Insurance Overview
Symetra offers an easy online application with accelerated underwriting for those who qualify. Most eligible applicants are approved on the spot or within three days with coverage starting immediately.
Symetra Customer Service: (877) 737-3611
Table of Contents
Why Quotacy?
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Quotacy is an independent life insurance broker. We sell policies from the nation's most trusted insurers. By using our quoting tool, you'll get multiple term life options from the best life insurance companies in minutes.
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Our agents match you with the right company for your health and lifestyle—so you get the best life insurance for you. This is part of our free service as a life insurance broker.
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No matter where you buy your policy, you'll pay the same rates. Pricing for life insurance is regulated by government. Don't waste time talking with multiple agents, use our free online comparison shopping tool to get your quotes.
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We're experienced
We've been in the life insurance industry since 1990, and have helped our customers protect their families with over $37 billion in coverage. That's a lot of happy customers.
Symetra Company Overview
Location
Bellevue, WA
Established
1957
Parent Company
Sumitomo Life, one of the largest life insurance companies in Japan.
Employees
Over 1,900
Location
Bellevue, WA
Established
1957
Parent Company
Sumitomo Life, one of the largest life insurance companies in Japan.
Employees
Over 1,900
Symetra Ratings
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A.M. Best is an independent rating agency that ranks the financial strength of life insurance companies. Their best rating is an A++. Their worst is a D.
Better Business Bureau (BBB) is a non-profit that shares customer service feedback on businesses in the USA. BBB assigns ratings from A+ (highest) to F (lowest).
J.D. Power and Associates analyzes customers’ experiences with life insurance companies and ranks them on a scale from 1 to 1000.
Moody’s Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody’s rating scale ranges from Aaa to C with 1, 2, and 3 to indicate whether the ranking is on the higher or lower end of that category.
Standard and Poor’s (S&P) is the world’s leading provider of credit ratings and creditworthiness. S&P’s scale ranges from AAA to D with + or – to define standing within each category.
Quotacy’s Advice
To stand out in a competitive industry, most insurers focus on serving health or lifestyle niches.
Symetra is excellent for:
- Accelerated Underwriting
- Busy Parents
- Digitally-savvy Applicants
- Those Who Want Coverage Quickly
We love that Symetra has an easy online application for those who qualify. Most eligible applicants are approved on the spot or within three days with coverage starting immediately.
Symetra Comparison Quotes
Symetra SwiftTerm
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Sample monthly premium quotes for a $500,000, 20-year term policy for healthy, non-smoking individuals living in Minnesota. Pricing varies by gender. Women pay less for life insurance than men because they live longer on average.
Your life insurance pricing may be different and is determined by your individual risk factors and the state where you have your primary residence. Pricing as of September 2022.
See what you’d pay for life insurance
Symetra Features & Benefits
What we like
- Can be converted into a permanent policy.
- Includes Accelerated Death Benefit Rider at no charge.
- Coverage approved instantly if applicant qualifies.
- Some applicants may not need a medical exam—if they qualify for accelerated underwriting.
- Policy delivered electronically.
- You can manage your policy online.
What could be better
- Strict eligibility constraints.
Symetra Instant Coverage
A client who qualifies for instant underwriting approval can start and finish their purchase for coverage completely online in as little as 25 minutes.
- Client submits online application and e-signs authorization for Symetra to collect required data.
- Symetra’s underwriting program reviews client information pulled from third-party databases, such as the Medical Information Bureau, motor vehicle reports, and Rx history.
- System simultaneously works to deliver a real-time decision, whether that’s instant approval, or moving into accelerated underwriting or full underwriting.
If client does not qualify for instant coverage, accelerated underwriting may be an option. Accelerated underwriting requires a bit more information. If approved, coverage offered in 24-72 hours.
If client does not qualify for accelerated underwriting, full underwriting is next option. This requires a life insurance medical exam. Medical records may also be ordered. If approved, coverage offered in about 30 days.
Symetra Policy Details
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*10-year term available for ages 20-60; 15-year term available for ages 20-60; 20-year term available for ages 20-60; 30-year term available for ages 20-50.
**State of issue, payment mode, and draft date can affect the grace period end date. Your policy will state specifics.
» Compare: Term life insurance quotes
Symetra Policy Riders
Increase your policy’s benefits with riders
Accelerated Death Benefit Rider
*Included
Up to 75% of the policy’s death benefit ($500,000 maximum) can be accessed in advance if a licensed physician certifies that you are terminally ill with less than 12 months to live. The benefit is paid to you in a lump sum. There is no restriction on the use of proceeds of this accelerated death benefit.
Accidental Death Benefit Rider
*Available at additional cost
If your death is accidental, this rider provides an additional death benefit of up to $250,000.
Child Rider
*Available at additional cost
This rider provides $1,000 to $10,000 of life insurance coverage on dependent children ages 15 days through 17 years. The benefit is paid if death occurs prior to age 23. Ask your Quotacy agent for details.
Premium Waiver for Disability
*Available at additional cost
This rider waives policy premiums and continues coverage if you are totally disabled for a consecutive period of at least six months.
Symetra Policy Service
Contact
- Customer Service: (877) 737-3611
- lifesales@symetra.com
Hours: Monday-Friday, 7:00 AM-5:00 PM Central
Payment Mailing Address
Symetra Life Insurance Company
777 108th Ave NE, Suite 1200
Bellevue, WA 98004
Manage your policy online
Designed for ease-of-use, the portal provides coverage and policy details including riders, next payment date, term end date, and beneficiary information.
What you can do online
- Make payments.
- Update address.
- Update banking information.
- Change beneficiaries.
The Fine Print
Guidelines & Exclusions
Medical History
Medical history that may disqualify an applicant for instant coverage or accelerated underwriting includes:
- Alcohol or drug abuse/treatment
- Barrett’s esophagus
- Blood clotting disorders
- Bipolar disorder
- Cancer
- COPD/emphysema
- Crohn’s disease
- Diabetes
- Hepatitis B or C
- Heart disease or heart surgery
- Marijuana use (current)
- Multiple sclerosis
- Muscular dystrophy
- Parkinson’s disease
- Rheumatoid arthritis
- Stroke/deep vein thrombosis/transient ischemic attack (TIA)
- Sickle cell anemia
- Systemic lupus erythematosus (SLE)
- Ulcerative colitis
Non-medical History
Non-medical history that may disqualify applicant for instant coverage or accelerated underwriting includes:
- Frequent life insurance applications
- Higher amounts of existing in-force coverage
- Participation in higher-risk avocations or aviation activity
- Adverse driving history
Updated: September 2022
More term life insurance reviews
We recommend without hesitation every company reviewed on Quotacy. When you comparison shop, the death benefit amount that your loved ones would receive and the cost of the policy are the most important factors to consider. If you have any questions about the best life insurance companies for you, contact Quotacy. We'll gladly help you evaluate your life insurance options.