Compare Annuities

Use this chart to compare the features of the annuities available through Fidelity and to help you decide which one might be a good choice to complement your financial plans.

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Annuities Available Through Fidelity

Annuity Description May be appropriate for
Fidelity Personal Retirement Annuity® A low-cost, deferred variable annuity that allows you to save more for retirement on a tax-deferred basis. Any gains are taxed as ordinary income when money is withdrawn. Investors who want to increase their retirement savings beyond the contribution limits of an IRA or 401(k) or another employer-sponsored plan.
Deferred Fixed Annuities Available through The Fidelity Insurance Network®1, these annuities offer protection with the security of a guaranteed2 rate of return for a set period of time. Investors looking for a tax-efficient investment with a fixed rate of return.
Fidelity Freedom Lifetime Income® An immediate variable income annuity that provides lifetime income, helping to reduce the risk that you will outlive your retirement savings. Because your income is based on market performance, it has the potential to go up and down. While payment amounts are not guaranteed, they have the potential to grow over time to help keep pace with rising costs. In return for this lifetime income you may have limited or no access to your assets. Investors who want a lifetime income stream with the potential to keep pace with inflation for themselves and/or a spouse.
Immediate Fixed Income Annuities Available through The Fidelity Insurance Network®1, these annuities provide guaranteed2 income by turning a portion of savings into a stream of income payments for either the rest of your life or a set period of time. In return for this income stream for life you will have limited or no access to your assets. Investors who want a predictable income stream for life or a set period of time.
Deferred Income Annuities3 Available through The Fidelity Insurance Network®1, these annuities provide you, or you and your spouse, with guaranteed2 income by turning a portion of savings into a stream of income payments, beginning 2–40 years from your first premium payment, for the rest of your life. Investors who want a predictable stream of lifetime income beginning on a date in the future.
New York Life Clear Income Fixed Annuity—FP Series Available through The Fidelity Insurance Network®1, this annuity provides you, or you and your spouse, with guaranteed4 income for life; along with a fixed rate of return, and access5,6 to these assets should your plans change. Investors looking to turn a portion of savings into a stream of income payments; who also want the flexibility to access these assets should their plans change.