About Symetra
Symetra Life Insurance Company traces to 1957 (originally Safeco Life) and has been owned by Sumitomo Life since 2016. Symetra runs an active structured settlement annuity program and is a common issuer on West Coast settlements as well as nationally placed cases.
Symetra continues to write or service structured settlement annuities today.
How Transfers Work with Symetra
Symetra participates in SSPA transfers regularly and supports partial and full payment sales. Its benefits-verification letters are straightforward to obtain, which helps your buyer produce an accurate quote quickly.
Every transfer, regardless of issuer, requires approval by a judge under your state's Structured Settlement Protection Act. See how court approval works and your state's rules.
What You Need to Get a Quote
To get an accurate quote for payments issued by Symetra, have these ready:
- Your settlement agreement or a copy of the annuity contract
- A recent benefits letter showing your remaining payment schedule
- Any prior transfer court orders, if you have sold payments before
If you cannot locate the benefits letter, the issuer can reissue one - your buyer can also request it with your authorization.
Frequently Asked Questions
Can I sell my Symetra structured settlement payments?
Yes. Structured settlement payment rights can be sold regardless of which insurance company issues the annuity, subject to court approval under your state's Structured Settlement Protection Act. Symetra continues to write or service structured settlement annuities today.
Does the insurance company have to approve my sale?
The issuer does not decide whether you can sell - a judge does. The issuer's role is to acknowledge the court order and redirect the sold payments to the buyer. Issuers process these transfers routinely.
Will selling affect my remaining payments?
No. Any payments you keep continue exactly as scheduled. In a partial sale, the issuer splits your payments per the court order: the sold portion goes to the buyer and the rest still comes to you.
Sell My Structured Settlement Cash is not affiliated with, endorsed by, or sponsored by Symetra. Company names are used for identification only; all trademarks belong to their respective owners. We help payment holders sell payment rights issued by this and other insurers, subject to court approval.