Select Max
Symetra Life Insurance Company
5.25%
5-yr guarantee
10%
Free W/D
50
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
5.25% guaranteed for 5 years
A multi-year guaranteed annuity from a multi-agency-rated carrier with 3-, 5-, and 7-year guaranteed terms — the 5-year leads the menu — backed by a seven-year declining surrender ladder, annual free-withdrawal access, RMD/nursing-home/terminal-illness waivers, and single or joint annuitization on both non-qualified and qualified money. Available outside New York.
Best fit
Buyers outside New York who want a single declared rate locked in for a fixed multi-year window from a multi-agency-rated carrier, place value on a contractual RMD waiver alongside the annual free-withdrawal allowance, and are comfortable with a multi-year commitment for the published lead-term rate.
AM Best
A Excellent
Surrender period
7 years
Free withdrawal
10%/yr
Availability
50 jurisdictions (excl. New York)
Product analyst notes
How to think about this contract
Why it can stand out
- Multi-agency carrier financial-strength view — both A.M. Best and Standard & Poor's publish current ratings on this filing, so the carrier-credit read on this MYGA is triangulated rather than single-sourced. Unusual among regional and B-band MYGA issuers; common among the largest national carriers.
- Contract publishes a contractual RMD waiver alongside the standard annual free-withdrawal allowance, so required-minimum-distribution withdrawals on qualified money do not trigger a surrender charge — combined with nursing-home and terminal-illness waivers, the liquidity envelope sits above a typical regional-MYGA contract.
- Seven-year declining surrender ladder that steps down by a full percentage point per year, so partial surrenders beyond the annual free-withdrawal allowance get progressively cheaper as the contract ages rather than facing a flat-then-cliff schedule.
- Single and joint annuitization options are both available, and the contract accepts both non-qualified and qualified funds — so couples planning a joint-life payout and buyers using IRA money are both inside the product's accepted-funds and payout-options envelope.
- Wide state footprint relative to many MYGA filings — published on the live feed across roughly all US jurisdictions except New York, where the carrier files its NY-only sibling MYGA separately.
What to confirm
- This filing is not available in New York — buyers in NY need to look at Symetra's separately-filed NY MYGA rather than this contract. Confirm state availability before treating this filing as an option for any NY-resident purchase.
- Surrender charges in years one through three of the schedule are in the high single digits, so an unplanned early exit beyond the annual free-withdrawal allowance in the first three years carries a real cost. This is a multi-year commitment, not a short-term cash equivalent.
- The death benefit on this filing is described as depending on contract terms, withdrawals, and rider elections rather than a guaranteed roll-up or step-up beyond the contract value, there is no premium bonus, and there is no guaranteed-lifetime-withdrawal rider — this contract is built for rate certainty over a fixed multi-year window, not for legacy enhancement, an upfront bonus, or guaranteed lifetime income.
- The 5-year lead rate is the headline buyer benefit on this filing — the 3-year and 7-year guaranteed periods publish below the 5-year, so a buyer choosing a shorter or longer lock-in is accepting a lower published rate to do so. Confirm the current term-by-term rates with the carrier before locking in a non-lead term.
Not ideal for
Buyers in New York (Symetra files its NY MYGA as a separate contract), buyers who need a shorter-than-3-year or longer-than-7-year fixed-rate horizon, or buyers who want a premium bonus, a guaranteed-lifetime-withdrawal rider, market-linked upside through index crediting, or a death benefit with a guaranteed roll-up or step-up — a fixed-rate deferred contract is not built for any of those things.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.9% |
| 5-Year | 5.25% |
| 7-Year | 5.25% |
Key Features
Surrender waivers
3Nursing home waiver, RMD waiver, Terminal illness waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
8%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
Free Comparison Report
Get a personalized Select Max illustration
See year-by-year projections for your specific age, premium, and income goals.