Symetra Life Insurance
The Symetra Life Insurance Company has a 50-year history. The company as it is known today was formed in 2004, when the life insurance and investments subsidiaries of a Seattle-based Fortune 500 insurance company were purchased by an investor group led by White Mountains Insurance Group, Ltd., and Berkshire Hathaway Inc. Together, these companies became the privately held corporation now known as Symetra Financial.
The Current President and CEO is Randall H. Talbot,
The Company is headquartered in Bellevue, WA
Last year (2008) the company reported total assets of $19.9 billion
According To the Company
Symetra Life Insurance Company prides itself on delivering additional benefits beyond simple life insurance coverage to both individual and Group Life Insurance policyholders. Such Value Added Services include:
- Living Benefits – The Company wants policy holders to have access to benefits they can use right now, such as financial and legal counseling.
- End of Life Benefits – Symetra Life Insurance understands that end of life issues are stressful. Policyholders and their caregivers/survivors are offered help to manage end of life issues including Accelerated Life Benefit options, and medical case management
- Beneficiary Benefits – All Symetra Life Insurance beneficiaries are offered family support such as bereavement counseling and legal advice
These added benefits are all part Symetra’s approach to life insurance which is a philosophy based upon helping to manage benefit costs while adding value for members. The company offers Term Life insurance, and Permanent Life insurance products such as Whole Life, Universal and Variable Life. Symetra Life Insurance also offers a unique life insurance product to businesses called Worksite. Worksite is a workplace program that gives employees the option of purchasing life insurance through the convenience of payroll deductions, and, because the policies are individually owned, coverage stays with the employee if they leave their job.
More information: www.symetra.com