JPMorgan ETF Efficiente 5 Index SM

A look at fixed indexed annuity hypothetical performance

FAM-1201 4/15

AGENT AND ADVISOR USE ONLY. NOT FOR USE WITH CONSUMERS.

JPMorgan ETF Efficiente 5 Index Fixed indexed annuities are quickly gaining broad acceptance among advisors and their clients as today’s low interest rates persist. For those clients who can’t afford to risk principal, but are willing to look beyond traditional fixed rate products, a fixed indexed annuity provides an opportunity to credit more (or less) interest than basic fixed products. And, within a fixed indexed annuity, an indexed account with no cap but a margin may provide an opportunity for more (or less) interest crediting than an indexed account with a cap.

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AGENT AND ADVISOR USE ONLY. NOT FOR USE WITH CONSUMERS.

First, some basics Indexed Account Basics

JPM ETF Efficiente 5 Index: The Basics

Indexed accounts credit interest based on the performance of the index selected. In traditional indexed accounts such as the S&P 500® Index account with a cap, if the index value goes up from the beginning to the end of the interest term, interest will be credited to the annuity up to the declared “cap rate.”

This is a target volatility index comprised of 12 diverse exchange-traded funds (ETFs) and a cash index. The index rebalances monthly to create an asset mix with the best recent returns for a given level of risk. Since we’re able to offer uncapped indexed crediting with this index, it may create opportunities to earn more interest than indexes, such as the well-known S&P 500, that require caps. However, it is important to note that the indexed account is subject to a margin, and it is possible that the JPM ETF Efficiente 5 Index with a margin could underperform a capped indexed account from year to year.

Some fixed indexed annuities today also offer indexed accounts with a margin but no cap. This type of indexed account is often made possible by the growing number of target volatility indexes. These indexes typically use some form of rebalancing to target a low and stable level of volatility. This low level of volatility allows for a margin instead of a cap when calculating any interest. Interest is credited to the annuity based on the performance of the index from the beginning to the end of the interest term after the deduction of the margin. While both index structures provide an opportunity for interest crediting that may be more (or less) than more traditional fixed annuities, some may be curious if the newer uncapped indexed accounts with a margin are competitive with the capped choices, in terms of interest crediting. To this end, Symetra conducted a hypothetical analysis comparing both index types. Specifically, we compared our most popular capped choice, the S&P 500 point to point indexed account, with our newest indexed account option, the JPMorgan ETF Efficiente 5 Index with a margin. (Variations of this new index are currently available in non-annuity products, but this is the first—and only—offering of this option in a fixed indexed annuity.) AGENT AND ADVISOR USE ONLY. NOT FOR USE WITH CONSUMERS.

Fixed Indexed Annuity Hypothetical Performance

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How might it have performed? To illustrate how the JPMorgan ETF Efficiente 5 Index might have performed within an annuity in the past—in this case the Symetra Edge PlusSM or Symetra Edge PremierSM Fixed Indexed Annuities— we looked at a number of hypothetical scenarios using different margin assumptions. In addition, we looked at the same number of scenarios with various cap assumptions, in order to offer a similar degree of perspective on what past performance of the JPMorgan ETF Efficiente 5 Index in the Symetra Edge Plus and Edge Premier might have looked like if this index had been available in these annuities in the past.

Hypothetical performance assumptions for Tables 1 and 2  The past performance of the underlying JPM ETF Efficiente 5 Index and the S&P 500 Price Return Index is used to create hypothetical product performance, once caps and margins are applied.  It is assumed that caps and margins renew at the same level each year. However, note that this is not something that is likely to happen based on actual index returns. It is also assumed that the index annuity is held for the entire period being analyzed. Any effect that the different surrender charge schedules applicable to Symetra Edge Plus and Symetra Edge Premier may have on the margins and caps for each of these products is not reflected in the analysis.  2001 was the first full year in which hypothetical backtested performance of the JPM ETF Efficiente 5 Index was available using the methodology described below.  The performance shown for each year in Table 1 is an arithmetic average of the 12 rolling annual periods ending each month in that year. For example, the 11.90% figure for 2003 for the “FIA with JPM ETF Efficiente 5 Index and 2.5% Margin” represents the average performance of the 12 annual periods ending in each month in 2003, i.e. the year ending 1/31/03, 2/28/03, etc.  This methodology was applied to both the margin and cap examples in Tables 1 and 2 in order to provide more data points for a broader picture of the range of performance comparison.  Table 2 is a summary of the arithmetic average of annual returns over 5, 7, 10 and 14 year periods, using the performance calculation assumptions described for Table 1, assuming a variety of caps and margins.  There is no permanent relationship between any of the caps and margins shown in either Table 1 or Table 2. For example, it is not possible to accurately predict in the future what an equivalent cap is for a given margin, or vice versa. All we can know is what the current caps and margins are for a given surrender charge period and premium amount at a given point in time.

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Fixed Indexed Annuity Hypothetical Performance

AGENT AND ADVISOR USE ONLY. NOT FOR USE WITH CONSUMERS.

JPMorgan ETF Efficiente 5 Indexed Account (with margin) and S&P 500 Indexed Account (with cap)

Table 1 Hypothetical historical performance using annual point-to-point crediting: (2001-2014)*

Average of 12 Months for Year

FIA with JPM ETF Efficiente 5 Index with 2.50% Margin

FIA with S&P 500 Index with 4.50% Cap

2001

0.04%

0.00%

2002

0.22%

0.00%

2003

11.90%

2.25%

2004

10.01%

4.50%

2005

1.87%

4.36%

2006

3.63%

4.41%

2007

1.14%

4.42%

2008

3.11%

0.00%

2009

1.87%

1.13%

2010

5.92%

4.36%

2011

5.64%

3.75%

2012

6.99%

3.51%

2013

1.55%

4.50%

2014

2.81%

4.50%

Last 5 Years

4.58%

4.12%

Last 7 Years

3.99%

3.11%

Last 10 Years

3.45%

3.49%

Last 14 Years

4.05%

2.98%

Table 2 Average* returns for various time periods JPM ETF Efficiente 5 Indexed Account with a Margin of: 4.50%

4.00%

3.50%

3.00%

2.50%

2.00%

1.50%

1.00%

0.50%

0.00%

Last 5 Years

2.95%

3.35%

3.76%

4.17%

4.58%

5.02%

5.47%

5.94%

6.42%

6.91%

Last 7 Years

2.54%

2.89%

3.26%

3.62%

3.99%

4.37%

4.77%

5.18%

5.61%

6.05%

Last 10 Years

2.06%

2.38%

2.73%

3.09%

3.45%

3.83%

4.24%

4.66%

5.10%

5.55%

Last 14 Years

2.75%

3.06%

3.38%

3.71%

4.05%

4.40%

4.77%

5.16%

5.56%

5.97%

S&P 500 Indexed Account with a Cap of: 2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

5.5%

6.0%

6.5%

7.0%

Last 5 Years

2.37%

2.82%

3.26%

3.69%

4.12%

4.56%

4.99%

5.42%

5.83%

6.23%

Last 7 Years

1.78%

2.12%

2.45%

2.78%

3.11%

3.43%

3.76%

4.08%

4.40%

4.70%

Last 10 Years

2.00%

2.39%

2.76%

3.13%

3.49%

3.85%

4.19%

4.53%

4.86%

5.17%

Last 14 Years

1.69%

2.03%

2.35%

2.66%

2.98%

3.28%

3.58%

3.88%

4.17%

4.44%

* Please note that the FIA products reflected here, Symetra Edge Plus and Symetra Edge Premier, were not actually available until 2015. The JPMorgan ETF Efficiente 5 Index was not available until 2010. Any performance prior to October 29, 2010, is simulated performance. Please see the disclosure on the last page for more information on simulated performance.

AGENT AND ADVISOR USE ONLY. NOT FOR USE WITH CONSUMERS.

Fixed Indexed Annuity Hypothetical Performance

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Summary

While there is no guarantee that an indexed account using the JPMorgan ETF Efficiente 5 Index with a margin will outperform an index such as the S&P 500 Index with a cap in any given year, this brief analysis using simulated return history indicates it may have the potential to generate meaningful additional interest over selected time periods, depending on the caps and margins available.

For more information on the JPMorgan ETF Efficiente 5 Index, available in fixed indexed annuities exclusively from Symetra, contact your regional sales team today at 1-800-706-0700 or [email protected].

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Fixed Indexed Annuity Hypothetical Performance

AGENT AND ADVISOR USE ONLY. NOT FOR USE WITH CONSUMERS.

Important Information Use of simulated returns in the JPMorgan ETF Efficiente 5 Index: Any historical composite performance records included in this document are hypothetical and the constituents have not traded together in the manner shown in the composite historical replication of the indices included in this document. No representation is being made that the indices will achieve a composite performance record similar to that shown. In fact, there are frequently sharp differences between a hypothetical historical composite performance record and the actual record that the combination of those underlying elements subsequently achieved. Back-testing and other statistical analysis material that is provided in connection with the explanations of the potential returns of the ETF Efficiente 5 Index use simulated analysis and hypothetical circumstances to estimate how it may have performed prior to its actual existence. For time periods prior to the launch of an exchange-traded fund included in the ETF Efficiente 5 Index and such exchange-traded fund’s initial satisfaction of a minimum liquidity standard, back-testing uses alternative performance information derived from a related index, after deducting hypothetical fund fees, rather than performance information for such exchange-traded fund. The results obtained from “back-testing” information should not be considered indicative of the actual results that might be obtained from an investment or participation in a financial product or transaction referencing the ETF Efficiente 5 Index. Neither Symetra Life nor J.P. Morgan provides any assurance or guarantee that the ETF Efficiente 5 Index will operate or would have operated in the past in a manner consistent with these materials. The hypothetical historical levels presented herein have not been verified by an independent third party, and such hypothetical historical levels have inherent limitations. Alternative modeling techniques or assumptions would produce different hypothetical historical information that might differ significantly from the hypothetical historical information set forth above. Hypothetical back-tested results are neither an indicator nor a guarantee of future returns. Actual results will vary, perhaps materially, from the analysis implied in the hypothetical historical information.

advice before making any investment. The JPM ETF Efficiente 5 Index has been designed and is compiled, calculated, maintained and sponsored by JPMS without regard to the Licensee, the Product or any contract owner. JPMorgan is under no obligation to continue compiling, calculating, maintaining or sponsoring the JPM ETF Efficiente 5 Index. JPMorgan may independently issue or sponsor other indices or products that are similar to and may compete with the JPM ETF Efficiente 5 Index and the Product. JPMorgan may also transact in assets referenced in the Index (or in financial instruments such as derivatives that reference those assets). These activities could have a positive or negative effect on the value of the JPM ETF Efficiente 5 Index and the Product. The S&P 500® Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and have been licensed for use by Symetra Life Insurance Company (SLIC). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and its affiliates and sublicensed for certain purposes by SLIC. Symetra Edge Plus Fixed Indexed Annuity is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, their third party licensors and none of SPDJI, Dow Jones, S&P nor their respective affiliates or third party licensors make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index. Symetra Edge Plus Fixed Indexed Annuity and Symetra Edge Premier Fixed Indexed Annuity are individual single premium fixed deferred annuities with a market value adjustment feature. In Oregon, Symetra Edge Plus Indexed Fixed Annuity and Symetra Edge Premier Indexed Fixed Annuity are issued as individual single premium indexed fixed deferred annuities with a market value adjustment feature. Contract form number is RSC-0415 1/14 in most states. In Oregon, contract form number is RSC-0415/OR/NQ2 1/14.  Market value adjustment does not apply in all states. See fact sheet for more details. 

The JPMorgan ETF EfficienteSM 5 (“JPM ETF Efficiente 5 Index”) has been licensed to Symetra Life Insurance Company (the “Licensee”) for the Licensee’s benefit. Neither the Licensee nor Symetra Edge Plus (the “Product”) is sponsored, operated, endorsed, recommended, sold or promoted by J.P. Morgan Securities LLC (“JPMS”) or any of its affiliates (together and individually, “JPMorgan”). JPMorgan makes no representation and gives no warranty, express or implied, to contract owners in or those otherwise taking exposure to the Product. Such persons should seek appropriate professional

AGENT AND ADVISOR USE ONLY. NOT FOR USE WITH CONSUMERS.

Fixed Indexed Annuity Hypothetical Performance

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AGENT AND ADVISOR USE ONLY. NOT FOR USE WITH CONSUMERS.