Symetra Life Insurance Review [2024]

What You Should Know About Symetra Life Insurance Company

Alongside various policy options, Symetra life insurance has good customer service and financial ratings, making it a solid choice for policyholders looking for reliable coverage. You can also find cheap Symetra term life insurance quotes, with rates averaging $37 monthly.

In addition, you could get an instant life insurance policy with Symetra since fewer than half of the company’s applications get decided the same day.

No life insurance is perfect, Symetra included. Take a look at the table below to compare Symetra life insurance pros and cons:

Symetra Life Insurance: The Good & Bad

Pros	Cons
High coverage amounts based on income	Term rates are average for the industry, and many people will find their best rates elsewhere
Best choice for people with a history of cancer	Not available in some states, including CA, FL, DC, DE, ND, and SD

Symetra life insurance isn’t for everyone. So, it’s vital to weigh the pros and cons of Symetra to find the best life insurance coverage at the cheapest rates.

Symetra Life Insurance Customer Service and Financial Ratings

Symetra life insurance customer satisfaction is excellent. According to the National Association of Insurance Commissioners, Symetra life insurance has a complaint index score of 0.05. The average score is 1.00, meaning Symetra has fewer average complaints compared to similar-sized companies.

You’ll also find Symetra life insurance has good financial ratings. A.M. Best, a credit rating agency, gave Symetra life insurance an A, or excellent, rating, meaning the company has great claims handling.

Symetra Life Insurance Company Insurance Coverage Options

Symetra life insurance has many policy options, such as universal, indexed universal, and renewable term life insurance. Additionally, if you’re looking for the best life insurance for newlyweds, consider buying Symetra’s survivorship universal life insurance, a form of joint life insurance coverage that pays out once both insured individuals die.

Read more: Survivorship Life Insurance

For those who struggle to get coverage due to a medical condition, Symetra life insurance also offers no medical exam life insurance, though you’ll pay higher premiums.

Take a look at the table below for a full list of Symetra life insurance coverage options:

Symetra Life Insurance Offerings

Products & Services
Life insurance	Disability insurance
Annuities	Long-term care insurance
Employee benefits

With Symetra, you can get cash value life insurance with the company’s indexed universal policy, allowing you to increase your coverage amount over time.

Unfortunately, you’ll want to consider another insurer if you need final expense or burial insurance. There is no Symetra final expense life insurance or Symetra burial insurance available.

However, Symetra life insurance sells the following add-ons for more coverage:

Symetra Life Insurance Add-Ons

Rider	Explanation
Accelerated Death Benefit	It enables you to obtain up to 75% of your policy's payment if you are given fewer than 12 months to live and are diagnosed with a terminal disease. The policies of Symetra incorporate it as standard.
Accidental Death Benefit	which, in the event that you pass away in an accident, gives your life insurance beneficiaries an additional payment of up to $250,000.
Additional Term	This extends your policy's term life insurance by 20 years.
Charitable Giving Benefit	It ensures a gift will be made to the charity of your choice after your passing. The sum is equal to 1% of your maximum $100,000 life insurance payment.
Chronic Illness	It enables you to obtain up to 50% of the payout on your insurance if you have a chronic disease and are unable to do everyday duties, like getting dressed, for a period of at least three months.
Overloan Lapse Protection	It permits you to borrow against or remove funds from your permanent life insurance policy without worrying about the policy expiring.

Symetra life insurance add-ons cost extra, so only get the coverage you need to avoid overpaying.

In addition, Symetra doesn’t offer life insurance in every state. Check out the table to see whether Symetra life insurance coverage is available in your area:

Where Symetra Offers Life Insurance

States
Georgia	Pennsylvania
Illinois	Texas
Michigan	Virginia
New York	Ohio

Keep reading to learn more about how to file a Symetra life insurance claim.

Read more:

• Michigan Life Insurance
• Virginia Life Insurance

How to File a Symetra Life Insurance Claim

Contact Symetra at 1-800-796-3872 to file a life insurance claim. The company will send a claims packet, including forms to complete and a list of required documents to complete Symetra life insurance claims handling.

Symetra Life Insurance Online Offerings and Mobile App

Symetra life insurance’s website lets policyholders view policy details and pay their premiums. Unfortunately, if you want a life insurance company offering a mobile app, Symetra isn’t the right fit for you.

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Symetra Life Insurance Company Insurance Rates Breakdown

Symetra life insurance rates hover around the industry average. On average, you’ll pay about $37 monthly for Symetra life insurance coverage. However, Symetra life insurance quotes vary based on age, gender, policy type, and lifestyle.

Take a look at the table to compare Symetra life insurance rates by age and gender:

Symetra Life Insurance Monthly Rates vs Industry Average

Age & Gender	Symetra Average	Industry Average
25-year-old female	$22	$21
25-year-old male	$28	$27
35-year-old female	$27	$26
35-year-old male	$31	$30
45-year-old female	$50	$48
45-year-old male	$63	$61

As you can see, Symetra life insurance averages $22 monthly for a 25-year-old male, while it costs $63 for a 45-year-old male. So, it’s best to buy a policy as early as possible for the cheapest Symetra life insurance rates.

 

Symetra Life Insurance Company Discounts Available

You could get affordable Symetra life insurance premiums by taking advantage of the company’s discounts. Check out the table below to see a list of Symetra life insurance discounts:

Symetra Life Insurance Discounts

Discount Name	Discount Eligibility
Multi-Policy Discount	Customers who have multiple Symetra insurance policies can receive a discount on their premiums.
Healthy Living Discount	Symetra offers discounts to customers who maintain a healthy lifestyle. This may include discounts for non-smokers, individuals who exercise regularly, and those who have a healthy BMI.
Age-Based Discounts	Symetra offers discounts to customers based on their age. These discounts may apply to customers who are younger than a certain age or who are older than a certain age.
Preferred Risk Discount	Customers who are considered a low risk for life insurance may receive a discount on their premiums.
Safe Driver Discount	Symetra also offers discounts to customers who have a good driving record.
Loyalty Discount	Customers who have been with Symetra for a certain period may receive a discount on their premiums.

Unlike many other companies, Symetra life insurance offers various discounts to help policyholders get cheap rates.

How Symetra Life Insurance Company Ranks Among Providers

Before buying coverage, comparing Symetra life insurance vs. competitors is vital to find a company with affordable rates, reliable claims handling, and good customer ratings.

Check out the table below to see how Symetra’s life insurance premiums and financial ratings stack up against the competition:

Symetra Life Insurance vs. Competitors

Company	Policygenius Rating	A.M Best Rating	Cost
Symetra	4.3/5	A	$$
State Farm	5.0/5	A++	$
Banner Life	4.9/5	A+	$
MassMutual	4.9/5	A++	$$$
Lincoln Financial	4.8/5	A	$
Pacific Life	4.8/5	A+	$
Protective	4.8/5	A+	$
Corebridge Financial	4.6/5	A	$
New York Life	4.6/5	A++	$$
Transamerica	4.6/5	A	$
Guardian	4.5/5	A++	$$
Thrivent	4.5/5	A+	$$

While Symetra life insurance has good financial ratings and relatively affordable rates, some companies offer lower average rates and better financial ratings.

However, rates vary based on several factors, so get a Symetra life insurance quote to know exactly what you’ll pay.

Read more: MassMutual Life Insurance Review

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