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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.

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 Any gains are taxed as ordinary income when money is withdrawn.1 Investors who want to increase their retirement savings beyond the contribution limits of an IRA or 401(k) or another employer-sponsored plan.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®2, these annuities offer protection with the security of a guaranteed3 rate of return for a set period of time. Investors looking for a tax-efficient investment with a fixed rate of return.
MetLife Growth and Guaranteed IncomeSM A deferred variable annuity with a withdrawal benefit that provides you with guaranteed3 lifetime income, growth potential, and access to assets.4 Investors in or near retirement seeking income that is guaranteed for life and protected from down markets, but who also value the potential for growth and the ability to access their assets.
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®2, these annuities provide guaranteed3 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 Annuities5 Available through The Fidelity Insurance Network®2, these annuities provide you, or you and your spouse, with guaranteed3 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.
1. Withdrawals of taxable amounts from an annuity are subject to ordinary income tax, and, if taken before age 59 ½, may be subject to a 10% IRS penalty.
2. Fixed annuities available through Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. A contract's financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company.
3. Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims-paying ability and financial strength.
4. Excess withdrawals and any withdrawal prior to age 59½ may significantly reduce the guaranteed withdrawal benefit amount and if taken during the first 5 contract years, may be subject to a 2% surrender fee. Withdrawals of taxable amounts are subject to ordinary income tax and, if made before age 59½, may be subject to a 10% federal income tax penalty. Withdrawals of taxable amounts from a non-qualified annuity may also be subject to the 3.8% Unearned Income Medicare Contribution tax if your modified adjusted gross income exceeds the applicable threshold amount.
5. Deferred Income Annuity contracts are irrevocable, have no cash surrender value and no withdrawals are permitted prior to the income start date.
The contract value of a deferred variable annuity is subject to market fluctuations and investment risk so that, when withdrawn, it may be worth more or less than its original value.
Investing in an immediate variable income annuity involves risk of loss—the amount of each payment is not guaranteed and will fluctuate.
Fidelity insurance products are issued by Fidelity Investments Life Insurance Company (FILI), 100 Salem Street, Smithfield, RI 02917, and in New York, by Empire Fidelity Investments Life Insurance Company,® New York, N.Y. FILI is licensed in all states except New York. Other insurance products available at Fidelity are issued by third party insurance companies, which are not affiliated with any Fidelity Investments company. A contract's financial guarantees are subject to the claims-paying ability of the issuing insurance company.

MetLife Growth and Guaranteed Income annuity (Policy Form Series No. 8800 (10/09)) is issued by MetLife Investors USA Insurance Company (MLIUSA), 5 Park Plaza, Suite 1900, Irvine, CA 92614 and, in New York (Policy Form Series No. 6800 (10/09)), only by Metropolitan Life Insurance Company, 200 Park Avenue, New York, NY 10166 (each, a "MetLife" company). MLIUSA and Metropolitan Life Insurance company are affiliates. The contract's financial guarantees are solely the responsibility of the issuing insurance company. Fidelity Brokerage Services, Member NYSE, SIPC, and Fidelity Insurance Agency, Inc., are the distributors; they are not affiliated with any MetLife company.

Annuities are distributed by Fidelity Insurance Agency, Inc., and, for certain products, Fidelity Brokerage Services, Member NYSE, SIPC.
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. Please read the prospectus and consider this information carefully before investing. Product availability and features may vary by state. Please refer to the contract prospectus for more complete details regarding the living and death benefits if applicable.
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