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NON-QUALIFIED STRETCH DISTRIBUTIONS CALCULATOR
Welcome to our Non-Qualified Stretch Distributions Calculator.

A non-qualified annuity is a long-term, tax-deferred insurance contract that is purchased with after-tax dollars and designed to provide supplemental retirement income. But what if your clients reach retirement and find that they don't need to use the annuity for income? They might consider leaving their non-qualified annuity to their beneficiaries in the form of a death benefit.

Generally, when a death benefit becomes payable, prior to annuitization, beneficiaries of non-qualified annuities may receive them:

  • As a lump-sum distribution,
  • Over a period of 5 years,
  • Annuitized over a period no longer than their life expectancy, or
  • As scheduled withdrawals over their life expectancy.

Scheduled withdrawals over the beneficiary’s life expectancy allow the potential for the contract value to continue to grow, tax-deferred, until distributed. This calculator has been designed to illustrate this distribution option.

To use the calculator, simply enter the appropriate information in the fields below and then click "Calculate." If spouse information is entered, it is assumed that the surviving spouse continues the contract at the death of the contract owner. Following the surviving spouse’s death, the death benefit will be payable to the non-spouse beneficiaries.

CALCULATOR
Financial Professional's Name
Owner's Name
Owner's Birthdate
Spouse's Name
Sole Beneficiary Spouse's Birthdate
Enter the Purchase Amount
$
Enter the Cost Basis (if different from Purchase Amount)
$
Enter the hypothetical Annual Return on Account investments
Check the box if you want this to be a negative return    % Max positive return is 10%
Additional Contributions/Withdrawals
Provide information below to include illustration of additional contributions and/or withdrawals expected to occur during the Owner's or Surviving Spouse's life expectancy.
ACTION TYPE
AMOUNT
START YEAR
DURATION
1.
$
Year(s)
2.
$
Year(s)
3.
$
Year(s)
Contingent Beneficiaries
BENEFICIARY NAME
BENEFICIARY BIRTHDATE
INHERIT %
CURRENT VALUE
1.
$
2.
$
3.
$
   
Totals
%
$
HTML Output     PDF output

General Disclosures:

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. Please call or write your Registered Representative or Symetra for free copies of the prospectuses or visit www.symetra.com for an online copy. Please read them carefully before investing.

Securities are offered through Symetra Securities, Inc. (SSI). Symetra True Variable Annuity is a flexible premium deferred variable annuity issued by Symetra Life Insurance Company (SLIC). Contract form number is ICC12_RC1 and Wealth Transfer Benefit rider form number is ICC12_RE1 in most states and is not available in all states or any U.S territory. SLIC and SSI are affiliates and are both located at 777 108th Ave NE, Suite 1200, Bellevue, WA 98004.

When you eventually withdraw money, taxes will be due on investment gains at your ordinary federal income tax rate. A 10% IRS early withdrawal tax penalty may also apply to amounts withdrawn prior to age 59½.

Variable Annuities, which are suitable for long-term investing, are subject to market risks, including the potential loss of principal invested. Like many variable annuities, this contract has terms and limitations for keeping it in force. Please contact your Registered Representative for complete details.

Please read this disclosure carefully. It contains important information about this analysis.

This calculator is designed to help you review distribution options for non-qualified annuities. It is provided for general information purposes only. Symetra Life Insurance Company does not assume any responsibility for the accuracy of the information provided, or for your reliance on the information in the analysis.

The information provided is hypothetical and is not intended to be a projection of future values. Actual results will vary. Any change in hypothetical annual return will modify values illustrated. Investments offering the potential for higher annual returns also involve a higher degree of risk to principal. Also, be aware that high annual returns are generally not sustainable over long periods of time. This report is not intended to provide specific investment advice. The potential affect of product fees and charges, investment management fees and state and local taxes are not taken into account. If these items were taken into account, the results would be lower. If you purchase a variable annuity, investment return and principal value will fluctuate, and units or shares, when redeemed, may be worth more or less than their original cost. The potential effect of inflation was also not taken into account.

This calculator is not intended as investment, accounting, legal or tax advice and Symetra Life Insurance Company does not give investment, accounting, legal or tax advice. This calculator does not attempt to provide more than general U.S. tax information associated with annuity contracts. This information is written in connection with the promotion or marketing of annuities issued by Symetra Life Insurance Company. This information cannot be used or relied upon for the purpose of avoiding IRS penalties. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.




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