Advisors Blog

 

For complete details, see the Symetra memo below. 

September 18, 2017 

Effective October 19, 2017 we will be increasing the minimum face amount limits on our Symetra UL-G, CAUL and Symetra Term products. These increases in face amount limits are consistent with other carriers. New minimum face amount limits are as follows:

• Symetra UL-G and CAUL:  $100,000
• Symetra Term: $250,000

Please see important deadline dates and transition rules below.

Symetra UL-G, CAUL and Term Important Dates:

• By October 20, 2017 all formal applications with face amounts below the new minimum must be received in good order (fully completed, signed and dated application) at the Symetra Home Office.
• Symetra Life Illustrator and Winflex Illustration systems will be updated with the new face amount limits on October 19, 2017.
• December 29, 2017 is the final date that policies with the lower minimum face amounts must be issued/paid. For 1035 exchange cases, the deadline date will be extended if the only outstanding requirement is the receipt of 1035 funds.