Advisors Blog


Published on January 31, 2017


Below is the full text of the recent Symetra memo with transition rules and deadlines. 




Symetra Survivorship UL-G and UL-G Product Changes


January 18, 2017


Symetra remains committed to the Guaranteed Universal Life space. Along with our commitment to offering competitively priced products, we are equally committed to providing you and your clients with products that are sustainable.

As a result of the historically low interest rate environment and the competitive landscape, we will be instituting changes to both our Survivorship and Single Life UL-G products effective February 8, 2017.


Survivorship UL-G

Our goal with our Survivorship product is stay competitive within the policy review and 1035 markets. However, we will be reducing the size of our sweet spot; to achieve this we have:

  • Increased pricing and reduced our market position in level pay solves to age 120.
  • Capped the maximum policy face amount at $7.5 million.
  • Reduced target premiums from 120% of level pay solve to 105%.
  • Eliminated the 5 times the target premium limit introduced in November 2016.


Symetra UL-G

We remain committed to maintaining a price leadership position in the Single Life market. As such we will be blending our Premier Pricing and non-premier pricing to build out our market leadership position across death benefits and funding patterns. To achieve this we have:

Discontinued our Premier Pricing Program. (We have not made any changes to our non-premier pricing.)

Eliminated the 5 times the target premium restriction introduced in November 2016.

Please note, there is no death benefit cap or reduction in target premium on our UL-G product.


Important Transition Rules

January 18, 2017

  • Symetra Life Illustrator and Winflex illustration systems have been updated with these changes.
  • You will be able to run Survivorship UL-G with the current and new rates through the transition period.
  • Both the current and new versions of Symetra UL-G will be available on Symetra Life Illustrator and Winflex. Symetra UL-G 2.0 will illustrate Premier Pricing with the 5 times target cap, while Symetra UL-G 3.0 will illustrate the blended rates.


February 8, 2017—Symetra UL-G and Survivorship UL-G

  • Date by which all formal Symetra UL-G and Survivorship UL-G applications 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 to reflect the new rates only.
  • Applications dated after this date will receive the new pricing.




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