Symetra SwiftTerm

SwiftTerm at a glance

Issuing insurer

Symetra Life Insurance Company, Bellevue, Washington ^[1]

Policy form

ICC20_LC1 in most states ^[1]

Level periods

10, 15, 20 or 30 years

Issue ages

20 to 60 for 10, 15 and 20 years. 30 years to 55 non-nicotine, 50 nicotine

Amounts

$100,000 to $5 million

Rate classes

Super Preferred, Preferred and Standard Non-Nicotine, Preferred and Standard Nicotine

After the level period

Renews each year at rising premiums until age 95 unless you cancel

Conversion

To a universal life policy, currently Symetra CAUL, by the 10th policy anniversary or the anniversary after your 70th birthday, earlier date wins

Included rider

Accelerated Death Benefit for Terminal Illness, up to 75 percent of the death benefit with a $500,000 cap

Where sold

Not available in all U.S. states or any U.S. territory. The fact sheet does not list the states

Sample price

Not stated by the insurer

All facts from Symetra's fact sheet LIM-1600 10/24 unless marked.^[1] SwiftTerm premiums are level for the chosen period. Symetra puts it this way, "Premiums are guaranteed not to change for the coverage term period," which means the level period only.

Which lengths you can still buy at your age

SwiftTerm has fewer lengths than some competitors and a lower top issue age for the long one. The table shows when each length closes, set against two products whose consumer documents we also checked.

Checked November 11, 2026. SwiftTerm from fact sheet LIM-1600 10/24 ^[1], Banner from its spec for individuals CN04022026-2 ^[3], State Farm from its Select Term page ^[4]. Banner also sells 35 and 40-year terms. Ages are as each insurer defines them.

The practical reading. If you are 56 to 60 and want 20 years, SwiftTerm still sells it. If you are over 60, SwiftTerm is closed at every length and you would look elsewhere. For more insurers side by side, see our term policy database.

Three ways through underwriting

SwiftTerm's headline claim is speed, cover "in as little as 18 minutes." That applies to one of three paths. Your answers on the application decide which one you take.^[1]

1. The fastest path. A decision online, typically in about 18 minutes.
2. Accelerated underwriting. Typically 24 to 72 hours.
3. Full underwriting. Typically 30 days, with the usual medical steps.

Above $3 million the paths narrow. The fastest path is open only to non-nicotine applicants aged 26 to 50, accelerated underwriting to non-nicotine applicants aged 20 to 50, and everyone else, including nicotine users and anyone aged 51 to 60, goes through full underwriting. At $3 million and under, all three paths are open at ages 20 to 60.

The 10-year conversion clock

This is the fact to read twice. SwiftTerm lets you convert the base policy to a universal life policy, currently Symetra CAUL, "prior to the end of the 10th policy anniversary or the policy anniversary following your 70th birthday, whichever is earlier."^[1] On a 10-year policy that is the whole term. On a 30-year policy it is the first third.

Two more limits sit in the footnotes. Partial conversions are allowed, "but please note the remaining term coverage will terminate." And conversion is not available if an accelerated death benefit was paid on the policy.^[1] Our conversion deadline tracker lines SwiftTerm up against other insurers.

Riders, and the one choice that excludes another

Checked November 11, 2026. From Symetra fact sheet LIM-1600 10/24 ^[1]. Riders vary by state and, in Symetra's words, by distribution partner.

The trade-off to decide at purchase. The Conversion Enhancement Rider "is not available if the Waiver of Premium Rider is elected," and the reverse is also true. So you choose between more conversion room and protection if a disability stops your income. A buyer who expects to want permanent cover later leans one way, a buyer in a physical job the other.

What changed since the 2022 fact sheet

Symetra's earlier fact sheet, LIM-1600 9/22, describes a slightly different product.^[2]

• Bigger policies. The top amount rose from $3 million to $5 million.
• A longer issue window for 30 years. The 30-year maximum was 50 for everyone. It is now 55 without nicotine.
• A narrower conversion target. In 2022 you could convert "to a permanent policy that we offer in your state of residence." The 2024 sheet names a universal life policy, currently Symetra CAUL.
• A new rider. The Conversion Enhancement Rider appears in the 2024 sheet.

If you already own SwiftTerm, your contract follows the version you bought, not the newest sheet.

After the level period, and how to price it

When the level period ends, the policy "will automatically renew at annually increasing premiums until you are 95 years old, unless you cancel it."^[1] The fact sheet gives no figures for those later premiums. Your policy schedule does, and those numbers are usually far higher than the level premium.

Symetra's fact sheet prints no prices at all. To see what a SwiftTerm length would cost you against other insurers at the same age and class, start a quote. If you are unsure which length you need, the term need curve draws how your need falls each year.

Questions people ask

Last updated November 12, 2026. Found an error? Call (305) 699-5857 and it goes in the corrections log.