First Symetra Life Insurance Company of NY

• 1957 The companies that would eventually become Symetra Financial begin as life insurance and investments subsidiaries of a Seattle-based Fortune 500 insurance company.
• 1959 Enters the group insurance business.
• 1967 Total amount of insurance in force passes the $1 billion mark.
• 1976 Pioneers Medical Stop Loss insurance.
• 1982 Begins offering universal life insurance.
• 1983 Expands its Medical Stop Loss business with the acquisition of third-party administrator Employee Benefit Consultants Inc.
• 1984 Tops $1 billion in assets.
• 1986 Reaches $2 billion in assets.
• 1987 Enters the New York market with the establishment of the company now known as First Symetra National Life Insurance Company of New York
• 1989 Leads the way in automatic income distribution options.
• 1995 Reaches $10 billion in assets.
• 1997 Grows its individual life and fixed deferred annuity business with the acquisition of American States Life and WM Life.
• 1999 Acquires $120 million of group Medical Stop Loss from ING. Three years later, it acquires another $225 million from Swiss Re.
• 2004 Becomes an independent company when it’s purchased by an investor group led by White Mountains Insurance Group, Ltd., and Berkshire Hathaway Inc.
• 2007 Further strengthens its Medical Stop Loss business with the acquisition of Medical Risk Managers Inc. Celebrates its 50th anniversary.
• 2008 Surpasses $2 billion in total sales.
• 2010 Symetra begins trading on the New York Stock Exchange.

Life Insurance Products

Term Life

Term is the least expensive form of life insurance. Your premiums remain level throughout the term period you choose — 10, 15, 20 or 30 years.

Universal Life

Universal is permanent insurance that allows you to increase or decrease your premiums at various stages in your life. A key benefit is the ability to withdraw the cash value or borrow against it at a low-to-zero net cost.

Flexible Premium Variable Life

Our truly unique, patent-pending financial planning solution combines the strengths of annuities and life insurance into a single product that maximizes financial growth while ensuring assets can later pass to heirs free of federal income taxes.

Variable Universal Life

Variable universal life combines permanent insurance with investment flexibility. The death benefit and cash value can fluctuate, either up or down, based on the performance of the investments you choose.

Whole Life

Whole life is permanent insurance with fixed premiums for the life of the policy. It provides guaranteed cash value, which you can borrow against.

Worksite

This workplace program 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 when they leave the job.