Symetra Life Insurance Company vs Foresters Financial
Comprehensive side-by-side comparison of indexed universal life insurance companies
Symetra Life Insurance Company
Founded: 1957
Bellevue, Washington
Assets
$58+ billion
IUL Experience
10+ years
Products
3
Avg Cap Rate
9.5%
Key Strengths
May 2023: higher caps, participation rates, bonuses; lower premiums
Fastest approvals: 18-25 minutes
Cancer Care Compass Rider (multi-cancer detection)
2% lookback guarantee (Accumulator)
GoodLife rewards for healthy lifestyle
Foresters Financial
Founded: 1874
Buffalo, NY (U.S.); Ontario, Canada
Assets
$2.6+ billion AUM; RBC Ratio: 451%
IUL Experience
10+ years
Products
2
Avg Cap Rate
8.5%
Key Strengths
150+ year history
Fraternal benefit society - member benefits include scholarships, grants, wellness programs
$31.2 million in social good impact (2023)
Diabetes coverage (non-med up to Table 12)
Backed by Sumitomo Life - $330B+ combined assets
Detailed Feature Comparison
| Feature | Symetra Life Insurance Company | Foresters Financial |
|---|---|---|
| Founded | 1957 | 1874 |
| Headquarters | Bellevue, Washington | Buffalo, NY (U.S.); Ontario, Canada |
| Assets Under Management | $58+ billion | $2.6+ billion AUM; RBC Ratio: 451% |
| Years in IUL Business | 10+ years | 10+ years |
| Number of IUL Products | 3 | 2 |
| Typical Cap Rate Range | 8% - 11% | 7% - 10% |
| Participation Rates | 140% | 110% |
| Minimum Premium | $3,600 annual | $3,600 annual |
| Issue Ages | 20-85 (Accumulator/Protector); 20-60 (SwiftProtector) | 0-85 years |
| Underwriting Speed | SwiftProtector 18-25 minutes; SwiftTerm 18 minutes | 3-4 weeks standard |