Compare Deferred Fixed Annuities

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

To buy or learn more

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 New York Life The Principal Western & Southern
Annuity name Guardian Fixed Target AnnuitySM MassMutual Stable VoyageSM Fixed Deferred Annuity New York Life Secure Term MVA Fixed Annuity IV
A Market Value Adjustment (MVA) Annuity3
Principal Select Series
A Market Value Adjustment (MVA) Annuity3
Western & Southern SmartSelect
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)
A+
(Strong)
AA- 
(Very strong)

Purchase guidelines

Single premium
Minimum non-qualified $5,000 $10,000 $50,000 $5,000
(for 3-year: $50,000)
$20,000
Minimum qualified $5,000 $10,000 $50,000 $5,000
(for 3-year: $50,000)
$20,000
Maximum issue age (May vary by state) Age 85 Age 85 Age 85 Age 85 Age 85

Initial interest rate guarantee4

Initial interest rate guarantee4 For 5 or 6 years For 3, 4, 5, 7, or 9 years For 3, 4, 5, or 6 years For 3, 4, 5, 6, 7, or 9 years For 3, 4, 5, 6, 7, 9 or 10 years
Jumbo rate
Automatic 1-year renewal
(at current market rates)

Access to assets5

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 Greater of up to 10% of your policy's accumulation value on the preceding anniversary or 10% of the current accumulation value 10% of current year's beginning value (less partial withdrawals made since the contract anniversary) Greater of 10% of your contract value or a single year's Required Minimum Distribution (RMD) at time of withdrawal
Systematic withdrawal program

Surrender charges6 by year

Surrender charges: 3-year 7%, 7%, 7%, 0% thereafter. 7%, 7%, 7%, 0% thereafter.6 MVA may apply. 7%, 7%, 7%, 0% thereafter.7 MVA may apply. 7%, 7%, 7%, 0% thereafter.8 MVA may apply.
Surrender charges: 4-year 7%, 7%, 7%, 6%, 0% thereafter. 7%, 7%, 7%, 6%, 0% thereafter.6 MVA may apply. 7%, 7%, 7%, 6%, 0% thereafter.7 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%, 7%, 7%, 6%, 5%, 0% thereafter.6 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%, 7%, 7%, 6%, 5%, 4%, 0% thereafter.6 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%, 7%, 7%, 6%, 5%, 4%, 3%, 0% thereafter.7 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.7 MVA may apply. 7%, 7%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0% thereafter.8 MVA may apply.
Surrender Charges: 10-year 7%, 7%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 1% thereafter.8 MVA may apply.

Other features

Guaranteed4 lifetime income options

Terminal Illness Waiver

Nursing Home Waiver

Guaranteed4 lifetime income options

Terminal Illness Waiver

Nursing Home and Hospital Waiver

Guaranteed4 lifetime income options

Living Needs Benefit Rider9

Unemployment Benefit Rider9

Guaranteed4 lifetime income options

Terminal Illness, Nursing Home, and Disability Waiver

Limited life expectancy waiver10

Confinement waiver10

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.