Symetra Life Insurance

Having life insurance is probably the only type of insurance that the person insured never benefits from himself.  The only benefit to the insured person is that it gives them the piece of mind knowing that should the worse happen their remaining family will not be left to pay expensive funeral costs.  A life insurance policy only matures upon the death of the person who is insured where upon the beneficiary will need to fill in an insurance claim form and be able to show a death certificate as proof of the insured's death.  A very good Insurance Company that deals with many forms of insurance is the Symetra Financial Corporation.  It was first established in 1957 selling just life insurance and by 1959 had expanded to offer group insurance. By 1976 it was offering Medical Stop Loss insurance and later in 1982 started offering Universal life insurance.  In 1987 the company became known as First Symetra National Life Insurance Company and entered the New York market.  By 1995 it had assets of $10 billion and expanded even further by acquiring the American States Life and WM Life.  By 2004 it had become an independent company with its purchase by White Mountains Insurance Group Ltd and Berkshire Hathaway Inc.  In 2008 it had reached over £2 billion in total sales and by 2010 began trading on the New York Stock Exchange.

The growth of Symetra since 1957 is a fantastic achievement and it now offers Retirement Services, Annuities, Employee Benefits as well as Life Insurance.  It was included in Ward's top fifty insurance companies in 2009 and according to Standard & Poor's is a market leader in stop-loss insurance.  Symetra Financial Corporation's headquarters are based in Bellevue, Washington and at March 2010 had assets of $23.4 billion.  It has well over 1.8 million customers and employs 1,100 people across the U.S.  The Company has also supported 250 different charities by employees volunteering their services.

Anyone considering taking out a Life Insurance policy will need to compare quotes from different Insurance Companies before signing any documentation.  All Insurance Companies ask for the applicant to fill in an application form and answer questions concerning their health, age, occupation, family medical history and if they have any dangerous hobbies such as mountaineering or motor racing. The Insurance Company will then base their quote upon the information given on the application form. The younger a person is when applying for Life Insurance the lower the monthly premiums will be. There are also different Life Insurance policies such as Universal Life Insurance, Whole Life Insurance as well as Permanent Life Insurance. It can be difficult to decide which one is the best as people's circumstances can be very different.  Symetra Financial Corporation offer good financial advice to help their customers to reach the right decision.