Symetra

Rate continuance for U500 groups through year-end 2020

We understand the challenges that our customers—especially small and mid-sized businesses—are facing today and will continue to face tomorrow.

To help provide financial stability and alleviate stress on resources during this unprecedented time, we recently announced a rate continuance accommodation for groups under 500 lives who are renewing their Symetra policies between May 1 and August 31, 2020.  

Acknowledging that the road back to "business as usual" will be anything but usual for most of these groups, we are extending our rate continuance accommodation through year-end 2020.

Effective immediately, groups under 500 lives who have policies renewing between May 1 and December 31, 2020, may automatically continue their Symetra group benefits coverage at current, in-force rates. For example, if the original renewal anniversary date is September 1, 2020, the policy will continue at current rates until the next renewal anniversary on September 1, 2021. 

This renewal accommodation applies to the following Symetra group benefit products:

• Basic and supplemental life

• Short- and long-term disability

• Critical illness/specified disease

• Accident

• GapAssist

• Fixed-payment plans

Our team is available to help answer any questions you have on this or other COVID-19-related issues. Please don’t hesitate to reach out to your Symetra representative via phone, email or video chat.
 
We also encourage you to bookmark our COVID-19 resource page.