SwiftTerm® replaces Symetra Term for lower face amounts
02-27-2025
SwiftTerm® replaces Symetra Term for lower face amounts
Effective tomorrow, February 28, the minimum policy size for our core Symetra Term product is increasing from $250,000 to $1.5 million.1 For policy amounts below $1.5 million, Symetra SwiftTerm is available. SwiftTerm offers term life insurance coverage to clients ages 20 to 60 with face amounts of $100,000 to $5 million.
Important dates and transition rules:
- Feb. 28, 2025: Our quote and illustration systems will be updated with the new minimum policy size amount, and updated marketing materials are available below.
- March 1, 2025:
- Both iPipeline and Symetra will only accept Symetra Term applications with policy amounts of $1.5 million and above.
- Pending Symetra Term cases with outstanding requirements will continue to be processed as usual.
Symetra Term applications below $1.5 million submitted on March 1, 2025, or after, will not be processed and you will be notified.