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Compare Deferred Fixed Annuities

Fidelity provides access to a range of deferred fixed annuities1 through The Fidelity Insurance Network®.

Available through The Fidelity Insurance Network®

Since an annuity's guarantees are only as strong as the insurance company providing them, you should consider the strength of the company you select and its ability to meet future obligations.2

Issuer Guardian MassMutual MetLife New York Life The Principal
Annuity name Guardian Fixed Target AnnuitySM MassMutual Stable VoyageSM Fixed Deferred Annuity MetLife Target Maturity
A Market Value Adjustment (MVA) Annuity3,4
New York Life Secure Term MVA Fixed Annuity II
A Market Value Adjustment (MVA) Annuity3
Principal Select Series
A Market Value Adjustment (MVA) Annuity3
Financial strength ratings2
A.M. Best A++
(Superior)
A++
(Superior)
A+
(Superior)
A++
(Superior)
A+
(Superior)
Standard and Poor's AA+
(Very strong)
AA+
(Very strong)
AA-
(Very strong)
AA+
(Very strong)
A+
(Strong)
Purchase guidelines
Single premium
Minimum non-qualified $5,000 $10,000 $5,000 $50,000 $5,000
(for 3-year: $50,000)
Minimum qualified $5,000 $10,000 $5,000 $50,000 $5,000
(for 3-year: $50,000)
Maximum issue age (May vary by state) Age 85 Age 85 Age 85 Age 85 Age 85
Initial interest rate guarantee5
Initial interest rate guarantee5 For 5 or 6 years For 5, 7, or 9 years For 4, 5, 6, 7, or 10 years For 3, 5, or 6 years For 3, 4, 5, 6, 7, or 9 years
Jumbo rate
Automatic 1-year renewal
(at current market rates)
Access to assets6
Annual penalty–free withdrawal limit 1st year—10% of value at time of initial premium; 2+ years—10% of prior anniversary contract value 1st year—10% of value at time of withdrawal; 2+ years—10% of prior anniversary contract value Interest earned in the previous contract year Greater of 10% of accumulation value as of the previous anniversary or 10% of current accumulation value (less withdrawals). For premiums over $100k, greater withdrawal amounts may be available. 10% of current year's beginning value (less partial withdrawals made since the contract anniversary)
Systematic withdrawal program
Surrender charges6 by year
(Charges listed by year, starting with the first year's charge, then the second year's charge, etc. May vary by state.)
Surrender charges: 3-year 7%, 7%, 7%, 0% thereafter.7 MVA may apply. 7%, 7%, 7%, 0% thereafter.8 MVA may apply.
Surrender charges: 4-year
7%, 6%, 5%, 4%, 0% thereafter. MVA may apply. 7%, 7%, 7%, 6%, 0% thereafter.8 MVA may apply.
Surrender charges: 5-year 7%, 7%, 7%, 6%, 5%, 0% thereafter. 7%, 7%, 7%, 6%, 5%, 0% thereafter. 7%, 6%, 5%, 4%, 3%, 0% thereafter. MVA may apply. 7%, 7%, 7%, 6%, 5%, 0% thereafter.7 MVA may apply. 7%, 7%, 7%, 6%, 5%, 0% thereafter.8 MVA may apply.
Surrender charges: 6-year 7%, 7%, 7%, 6%, 5%,4%, 0% thereafter. 7%, 6%, 5%, 4%, 3%, 2%, 0% thereafter. MVA may apply. 7%, 7%, 7%, 6%, 5%, 4%, 0% thereafter.7 MVA may apply. 7%, 7%, 7%, 6%, 5%, 4%, 0% thereafter.8 MVA may apply.
Surrender charges: 7-year
7%, 7%, 7%, 6%, 5%, 4%, 3%, 0% thereafter. 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0% thereafter. MVA may apply. 7%, 7%, 7%, 6%, 5%, 4%, 3%, 0% thereafter.8 MVA may apply.
Surrender charges: 9-year 7%, 7%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0% thereafter. 7%, 7%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0% thereafter.8 MVA may apply.
Surrender charges: 10-year 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0% thereafter. MVA may apply.
Other features

Guaranteed5 lifetime income options

Terminal Illness Waiver

Nursing Home Waiver

Guaranteed5 lifetime income options

Terminal Illness Waiver

Nursing Home and Hospital Waiver

Guaranteed5 lifetime income options

Guarantee period exchange option

Guaranteed5 lifetime income options

Living Needs Benefit Rider9

Unemployment Benefit Rider9

Guaranteed5 lifetime income options

Terminal Illness, Nursing Home, and Disability Waiver

Some products and features listed here may not be available in all states and variations may apply. Certain features may not be available in all products or depending on type of funds used to purchase the annuity.
1. Fixed annuities available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. These products are distributed by Fidelity Insurance Agency, Inc., and, for certain products, Fidelity Brokerage Services, Member NYSE, SIPC. A contract's financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company
2. Ratings current as of March 2015. Financial strength ratings are opinions from independent rating agencies of an insurer’s financial strength and ability to pay its insurance policies and contract obligations. They are not recommendations to purchase, hold, or terminate any insurance policy or contract issued by an insurer, nor do they address the suitability of any particular policy or contract for a specific purpose or purchaser. Ratings range from A++ to F for A.M. Best ratings, and AAA to CC for Standard & Poors ratings, and are subject to change. For the latest ratings access www.ambest.com and www.standardandpoors.com.
3. This is a Market Value Adjustment (MVA) annuity product. The MVA applies if the client surrenders the contract or withdraws funds in excess of the free withdrawal amount before the end of the guarantee period. The amount the client receives will be adjusted based on interest rate conditions at that time. Typically, if current interest rates upon surrender or withdrawal are higher than they were at issue, the MVA will result in a lower payment. If current interest rates are lower than they were at issue, the MVA will result in a higher payment. The market value adjustment (MVA) may apply in addition to surrender charge penalties.
Typically, MVA fixed annuities do not have up-front sales loads or ongoing expenses. The insurance company's costs are built into the interest rate paid on the contract. Additionally, your contract may be subject to an early withdrawal charge (also called a contingent deferred sales charge). If the MVA fixed annuity that you are considering has a prospectus you should consult it for the specific early withdrawal charge schedule and the market value adjustment calculation. To invest safely in an MVA annuity, you should fully evaluate the financial strength of the issuing insurance company and carefully read the annuity product disclosure.
4. Before investing, consider the investment objectives, risks, charges, and expenses of the annuity as well as other information about the insurance company, which should be carefully considered. Call or write to Fidelity for a free prospectus containing this information. Read it carefully.
5. Guarantees are subject to the claims-paying ability of the issuing insurance companies. All products and rate guarantee periods may not be available in all states. Principal and interest are guaranteed if held for the length of the guarantee period. When selecting a guarantee period you should consider your liquidity needs for the period's duration.
6. Withdrawals of taxable amounts and taxable income received from an annuity are subject to ordinary income tax. Withdrawals of taxable amounts taken before age 59½, may be subject to a 10% IRS penalty.
7. In New York, the surrender charge schedules are as follows: 3 Years: 7%, 6%, 5%, 0% thereafter. MVA may apply; 5 Years: 7%, 6%, 5%, 4%, 3%, 0% thereafter. MVA may apply; 6 Years: 7%, 6%, 5%, 4%, 3%, 2%, 0% thereafter. MVA may apply.
8. State variations may apply. For New York, the surrender charges are as follows: 3-year: 7%, 6%, 5%; 4-year: 7%, 6%, 5%, 4%; 5-year: 7%, 6%, 5%, 4%, 3%; 6-year: 7%, 6%, 5%, 4%, 3%, 2%; 7-year: 7%, 6%, 5%, 4%, 3%, 2%, 1%; 9-year is not available.
9. The policy (form number ICC09-R100 in most jurisdictions; in some states, it may be 209-100) must be in force for at least one year to be eligible to receive these benefits.
Guardian Fixed Target AnnuitySM (form numbers: ICC14-IFA, 14-IFA) is issued by The Guardian Insurance & Annuity Company, Inc. (GIAC), a Delaware corporation. GIAC is a wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY. All annuity guarantees are backed solely by the claims-paying ability of GIAC, not Guardian; MassMutual Stable VoyageSM (Contract Form #SPFA11.1; SPFA11.1-Rev; and ICC13-SPFA11.1) is issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001; MetLife Target Maturity single premium deferred annuity is issued by MetLife Insurance Company USA, Charlotte, NC 28277, on Policy Form Series L-14319 for Qualified and L-14325 for Non-Qualified; New York Life Secure Term MVA Fixed Annuity II (policy form number ICC10-P112 in most jurisdictions; in some states, it may be 210-P112) is issued by New York Life Insurance and Annuity Corporation (a Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company; Principal Select Series is issued by Principal Life Insurance Company.
Not FDIC Insured; Not Bank Guaranteed; May Lose Value; Not a Deposit; Not Insured by Any Government Agency.
516296.31.0