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Fidelity Personal Retirement Annuity®

Fidelity Personal Retirement Annuity®1 (FPRA) is a low-cost deferred variable annuity that allows you to save more for retirement on a tax-deferred basis.

Annuity details

May be appropriate for

Investors who want to increase their retirement savings beyond the contribution limits of an IRA or 401(k).

Key features

Tax-deferred growth potential of investment

Low annual annuity costs

Any earnings not taxed until withdrawn2

No surrender charge

The ability to invest as much as you want—no IRS contribution limits3

After the initial investment, you can make automatic monthly contributions.4

Array of 55+ funds, many rated 4 or 5 stars by Morningstar®5

Minimum investment


Annual fees

0.25%; 0.10%6 for contracts purchased with an initial investment of $1 million or more; fund fees also apply

Invests in

A selection of 55+ funds—choose a Fidelity-managed option or build your own portfolio

FPRA investment options

Next steps

Fidelity Personal Retirement Annuity video (2:46) Learn more about how FPRA may help you maximize the amount you save through tax-efficient investing.

Call us at 800-544-3274
to buy FPRA or find out more.

Additional resources

Tax-efficiency white paper (PDF)
Consider the tax savings a low-cost, tax-deferred variable annuity may provide.

FPRA fact sheet (PDF)
Read additional highlights of FPRA.

Stretch provision feature (PDF)
Review a distribution option for non-spousal beneficiaries.

Fidelity Personal Retirement Annuity FAQs
Need more information? Visit our frequently asked questions.

More information

1. Fidelity Personal Retirement Annuity (Policy Form No. DVA-2005, et al.) is issued by Fidelity Investments Life Insurance Company, 100 Salem Street, Smithfield, RI 02917, and, for New York residents, Personal Retirement Annuity (Policy Form No. EDVA-2005, et al.) is issued by Empire Fidelity Investments Life Insurance Company®, New York, NY. FILI is licensed in all states except New York. Fidelity Brokerage Services, Member NYSE, SIPC, and Fidelity Insurance Agency, Inc. are the distributors. A contract's financial guarantees are subject to the claims-paying ability of the issuing insurance company.
2. Withdrawals of taxable amounts from an annuity are subject to ordinary income tax, and, if taken before age 59½, may be subject to a 10% IRS penalty.
3. Fidelity reserves the right to limit contributions.
4. Periodic investing and dollar cost averaging do not ensure a profit or protect against a loss in a declining market.
5. Morningstar ratings are based on a fund's risk-adjusted returns. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. Past performance is no guarantee of future results.
6. Contracts purchased with an initial purchase payment of $1 million or more will qualify for a reduced annual annuity charge of 0.10% (the initial purchase payment is the amount applied to the contract on the contract date).
Investing in a variable annuity involves risk of loss—investment returns and contract value are not guaranteed and will fluctuate.
Diversification does not ensure a profit or protect against a loss in a declining market.
All customer ratings and reviews are provided to Fidelity on a voluntary basis and are screened in accordance with the guidelines set forth in our Customer Ratings and Reviews Terms of Use. For additional information on which ratings and reviews may be posted, please refer to our Customer Ratings and Reviews Terms of Use. Featured reviews have been selected based on subjective criteria and have been reviewed by Fidelity Investments. The average rating is determined by calculating the mathematical average of all ratings that are approved for posting per the Customer Ratings and Reviews Terms of Use and does not include any ratings that did not meet the guidelines and were therefore not posted. Ratings and reviews are added continuously to the website (after a delay for screening against guidelines) and average ratings are updated dynamically as reviews are added or removed.
The ratings and experiences of customers may not be representative of the experiences of all customers or investors and is not indicative of future success. The accuracy of information included in the customer ratings and reviews cannot be guaranteed by Fidelity Investments. Customers who post ratings may be responsible for disclosing whether they have a financial interest or conflict in submitting a rating and review.
Please contact a Fidelity representative if you have additional questions or concerns about the ratings and reviews posted here.
Before investing, consider the investment objectives, risks, charges, and expenses of the variable annuity and its investment options. Call or write to Fidelity or visit Fidelity.com for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.