Business Underwriters Associates, LLC

Symetra: New SwiftTerm Pricing Effective Today

01-28-2022

Symetra is excited to announce they have updated their SwiftTerm pricing! For coverage amounts of $500,000 and above, Symetra SwiftTerm maintains its top competitive positions for non-nicotine rate classes. The new rates are available effective today, January 28, 2022. See theimportant dates and transition rules below:

  • January 28, 2022: New SwiftTerm pricing is available. All new and pending applications will receive the lowest rates available. Policies issued prior to January 28 will keep old rates.
  • February 25, 2022: Policies issued after this date will automatically receive the new rates.

SwiftTerm is the only end-to-end digital platform that can provide up to $2 million in coverage in as little as 25 minutes.1   Please note: Symetra can’t issue a client’s policy in 25 minutes if the advisor is not already appointed with Symetra.   In a business where it’s better to be prepared, being pre-appointed can help ensure you’ll be ready to get your clients coverage on the spot. If you are not appointed with Symetra, please give BUA a call today at 1-800-792-6795 to initiate the process.

AND don't forget about Symetra's SwiftTerm Extra Coverage Program! Clients who purchased up to $1 million of Symetra SwiftTerm term life insurance can purchase an additional Symetra Protector IUL, Accumulator IUL or Accumulator VUL policy for up to $1 million in coverage with limited underwriting for 30 days.2  CLICK HERE for full details.

 

To learn more about SwiftTerm, visit the product microsite or give our sales team a call at 1-800-792-6795!

 

1Depending upon your client's answers during the application process, your client may travel down one of three underwriting paths -instant approval, accelerated underwriting or full underwriting. The typical coverage turnaround time is about 25 minutes for instant approval, 24-72 hours for accelerated underwriting and 30 days for full underwriting.

2Subject to Symetra approval. A new Symetra Protector IUL, Accumulator IUL or Accumulator VUL policy will be issued for approved cases.