Symetra: Update to High Net Worth Foreign National Guidelines



Update to High Net Worth Foreign National Guidelines:

  • Symetra will now allow premium financing for eligible clients. Eligible clients must have a net worth of at least $5 million and an annual income of at least $200,000. Please review their updated premium financing guidelines (PDF) for details.
  • Symetra will accept juvenile cases for qualifying individuals. Eligible issue ages are 15 days old up to 17 years old. Symetra’s program overview and underwriting guidelines (PDF) will provide additional details on their requirements.
  • Symetra made changes to their nexus requirements where a U.S. bank account or brokerage account is the only nexus/connection. Symetra will now require a $25,000 minimum balance that’s at least one month old.
  • Symetra will reimburse up to $300 for the cost of translating attending physician statements (must be translated into English by a non-related, certified, third-party translation agency) on cases submitted beginning June 8, 2020 if the policy is issued and placed in-force with Symetra.