Compare Deferred Income Annuities

Fidelity provides access to deferred income annuities1 through The Fidelity Insurance Network®.

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Available through The Fidelity Insurance Network®

Since an annuity's guarantees2 are only as strong as the insurance company providing them, you should consider the strength3 of the company you select and its ability to meet future obligations.

Issuer Guardian MassMutual New York Life The Principal
Annuity name Guardian SecureFuture Income AnnuitySM MassMutual RetireEaseSM Choice New York Life Guaranteed Future Income Annuity II Principal Deferred Income Annuity
Financial strength rating of issuing company3
A.M. Best financial strength rating A++
(Superior)
A++
(Superior)
A++
(Superior)
A+
(Superior)
Standard & Poor's financial strength rating AA+
(Very strong)
AA+
(Very strong)
AA+
(Very strong)
A+
(Strong)
Purchase guidelines
Minimum investment $10,000 $10,000 $10,000 $10,000
Qualified Longevity Annuity Contract (QLAC)4 available
Maximum issue age5 Age 68½ (Qualified funds)
Age 82 (QLAC)
Age 80 (Non-qualified funds)
Age 69 (Qualified funds)
Age 83 (QLAC)
Age 88 (Non-qualified funds)
Age 68½ (Qualified funds)
Age 80 (QLAC)
Age 75 (Non-qualified funds)
Age 68 (Qualified funds)
Age 82 (QLAC)
Age 93 (Non-qualified funds)
Income start date
Deferral period 2 - 40 years
Income must start by age 85 (Non-qualified funds), 70½ (Qualified funds), or age 85 (QLAC)
13 months - 30 years
Income must start by age 90 (Non-qualified funds) or 70½ (Qualified funds) or age 85 (QLAC)
2 - 40 years
Income must start by age 85 (Non-qualified funds) or 70½ (Qualified funds) or age 85 (QLAC)
13 months - 30 years
Income must start by age 95 (Non-qualified funds), 70½ (Qualified funds), or age 85 (QLAC)
Flexibility

Can be changed only once over the life of the contract

Can be deferred up to 5 additional years from the originally scheduled date

Can be accelerated up to 5 years prior to originally scheduled date but not earlier than 13 months after latest add pay

Can be changed only once over the life of the contract

Can be deferred up to 5 additional years from the originally scheduled date

Can be accelerated up to 5 years prior to the originally scheduled date but not earlier than 13 months after latest add pay

Can be changed only once over the life of the contract

Can be deferred up to 5 additional years from the originally scheduled date

Can be accelerated to any date 13 months after latest add pay

Can be changed only once over the life of the contract

Can be deferred up to 5 additional years from the originally scheduled date

Can be accelerated up to 5 years prior to originally scheduled date but not earlier than 13 months after latest add pay

Income options—lifetime2, 6
Single lifetime
Joint lifetime:
100% benefits continuation to joint owner
Joint lifetime:
66⅔% benefits continuation to joint owner
Joint Lifetime:
50% benefits continuation to joint owner
Additional features for lifetime income options
Protection for beneficiaries2
Guarantee period (years) 5 to 30 10 to 30 10 to 30 5 to 30
Cash refund
Optional features
Set annual increase 1% to 5% 1% to 4% 1% to 3% 1% to 5% or CPI-U7
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.