This product is no longer available for new business. If you currently have a balance in this variable annuity contract, you may continue to make additional purchase payments. However, once the entire balance has been withdrawn or transferred out, this variable annuity contract will no longer be available for future purchase payments.
This material must be preceded or accompanied by a current prospectus.
Before investing, carefully consider the investment objectives, risks, charges and expenses. This and other information is contained in the contract prospectus and the underlying portfolio prospectuses. You may call or write your Registered Representative or Symetra for free copies of the prospectuses or visit www.symetra.com for online copies. Please read them carefully before investing.
The performance figures quoted represent past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Performance data as of the most recent month end can be obtained at www.symetra.com. Investment return and principal value may fluctuate with changes in market conditions. Market volatility and interest rate changes, among other factors, can drastically affect a portfolio's return. Thus, when redeemed, units may be worth more or less than what was paid.
Securities are offered through Symetra Securities, Inc. (SSI). Variable annuities are issued by Symetra Life Insurance Company (SLIC) and are not available in all U.S. states or any U.S. territory. SSI and SLIC are affiliates and both are located at 777 108th Ave. NE, Suite 1200, Bellevue, WA 98004-5135. Each company is responsible for its own financial obligations.
Guarantees and benefits are subject to the claims-paying ability of Symetra Life Insurance Company.
Spinnaker Advisor Variable Annuity is an individual flexible premium deferred variable annuity. Contract form numbers in most states are LPC-1509 11/05 (NQ), LPC-1539 11/05 (IRA Endorsement), LPC-1540 11/05 (Roth IRA Endorsement), LPC-1542 11/05 (Roth IRA Endorsement), LPC-1542 11/05 (TSA Endorsement), LPC-1214 8/00 (457). Contract form numbers for Oregon are: LPC-1323 6/01 (IRA), LPC-1324 6/01 (Roth IRA), LPC-1325 6/01 (TSA).
The standardized chart shows performance only as far back as the date the portfolio became part of the separate account. The performance figures are average annual total returns based on a single purchase payment of $1,000. They include deductions for the investment management fees and other expenses (including 12b-1 fees), the mortality & expense risk charge, the asset-related administration charge, and the maximum Distribution Charge, but do not include deductions for applicable premium taxes. The Distribution Charge is the lesser of a percentage of the amount withdrawn, starting at 5% for the first 5 years and declining 1% each year until the 9th year when there is no Distribution Charge, or 8.5% of purchase payments.
The non-standardized performance figures are hypothetical and are based on past performance, after deductions for investment management fees and other expenses (including 12b-1 fees) and the mortality and expense risk charge and asset-related administration charge. The figures do not reflect a deduction for contingent deferred sales charge (or surrender charge) or the annual administration maintenance charge - if those were included, total returns would be lower.
Variable annuities, which are suitable for long term investing, are subject to market risks, including the loss of principal invested. While non-qualified annuities offer the added benefit of tax deferral, in the case of qualified annuities, the tax deferral is provided by the retirement plan itself. The investor should focus on the benefits offered by a Variable Annuity to assess if a Variable Annuity is right for them.
A portfolio is a pooled funding vehicle established by an investment company and made available exclusively to a participating insurance company's separate account. There are special risks associated with investing in certain portfolios. Examples may include small company, geographic, international, emerging markets, interest rate, defaulted debt and sector focus. See the underlying portfolio prospectus(es) before investing.
You could lose money by investing in the Fidelity VIP Government Money Market Portfolio. Although the Portfolio seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the portfolios sponsor, have no legal obligation to provide financial support to the Portfolio, and you should not expect that the sponsor will provide financial support to the portfolio at any time.
Money market yield is a function of type, quality and maturity of a portfolio's investment portfolio and operating expenses. Money market portfolio yield is the annualization on a 365-day basis of the portfolio's net income over a 7-day period. Effective yield is the yield calculated with dividends reinvested. These yields should not be considered representative of future yields as they are not fixed or guaranteed, and the portfolio is not insured. The 7-day yield quotation more closely reflects the current earnings of the portfolio than the total return quotations.
Average annual total return is the average annual percentage change in the unit value of an investment, assuming the reinvestment of dividends and capital gains, over a stated period of time. The YTD total return is the total percentage change in the unit value of an investment, assuming reinvestment of dividends and capital gains, over the stated period of time.
The fund of funds are subject to the risks of their underlying funds, including the volatility of the financial markets in the U.S. and abroad, as well as the additional risks associated with investing in high yield, small-cap, and foreign securities.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.
Overall ratings represent a weighted average of specific time period (3-, 5- and 10-year) ratings.
Symetra® and Symetra Spinnaker® are registered service marks of Symetra Life Insurance Company.