US annuity provider Symetra Life Insurance Company has launched Symetra Trek, an individual, single-premium deferred annuity with index-linked interest options, including the proprietary Pimco Equity Fusion Index.
The newest addition to Symetra’s product suite was developed as a registered indexed-linked annuity (Rila) - the fastest-growing category in the annuities space as Q4 sales topped US$3 billion, an increase of more than 10% over the prior year and US$11 billion for the year, representing more than 10% of total variable annuity sales, according to Limra. ‘Symetra Trek seeks to strike a balance between risk and reward for clients who want growth potential tied to equity returns, but wi
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