Symetra Life Insurance Company is the latest provider of annuities to upgrade its options, according to “Symetra enhances its Freedom Income Annuity offering” on IFA web news. With the Freedom Income Annuity offering, purchasers previously had to start their payments at age 70 when using tax-deferred money. You are now able to use either qualified or non-qualified money and choose the age at which your payments will begin. Purchasers can start payments up to the age of 94. Like other annuities, you can still choose whether you will receive payments over a specified period of time or receive lifetime guaranteed income. Symetra Life Insurance Company is based in Bellevue, Washington.
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