Deferred income annuities

Available through The Fidelity Insurance Network®,1 deferred income annuities provide you, or you and your spouse, with guaranteed income for the rest of your life or a set period of time, starting on a date you select.2


Get in touch

Open an annuity

866-450-3909


Questions about an existing annuity?

800-634-9361

Guaranteed income

An income stream for life or a set period of time for you or you and a spouse.

Personalization

Flexibility to change the income start date one time2 or increase your future income stream by making additional investments to your annuity during the deferral period.3

Stability

Steady, predictable payments provide security, regardless of market fluctuations.


Minimum investment

$10,000


Annuity choices

Choose from annuities available through The Fidelity Insurance Network® that are simple and easy to compare. 
Compare deferred income annuities


Key features

  • Optional features include beneficiary protection or a cost of living adjustment to help keep pace with inflation.
  • Invest with a lump sum or incrementally over time with the add pay feature.

Create income later in life with Qualified Longevity Annuity Contracts (QLACs)

If it is almost time for you to start taking required minimum distributions (RMDs) but can already cover your expenses without them and would like a stream of guaranteed income to start later in life, a QLAC may be a fit for your financial plan.

What is a Qualified Longevity Annuity Contract (QLAC)?

A QLAC is a deferred income annuity that allows you to invest a portion of your retirement portfolio and begin taking income beyond age 72 without conflicting RMD Rules.4 QLACs provide you with flexibility to defer the income start date until age 85.


As we live longer, the need to generate income later in life to cover expenses that may increase with age, like healthcare, can be a challenge. With a QLAC, you shift the risk of outliving your income to the insurer, who promises to pay you a certain amount of income for the rest of your life. The insurer also assumes your interest and market risk; even if the market and interest rates go down significantly during your deferral period, you still get the same guaranteed income stream.

Funding Sources and Premium Limit

A QLAC is a DIA that can be funded only with assets from a traditional IRA5 or an eligible employer-sponsored qualified plan such as a 401(k), 403(b), or governmental 457(b).


Also, it is important to understand that the IRS has limits on how much money can be invested in QLACs, and you are ultimately responsible for ensuring that you meet applicable rules and limitations. And like RMDs, there are substantial penalties for failing to follow the limits outlined below.


The premium amount is subject to two limitations:

  1. Total sum of QLAC premiums cannot exceed $135,0006 regardless of funding source; and
  2. QLAC premiums from a given funding source cannot exceed 25% of that funding source’s value6

Use our interactive widget below and adjust the green options in the white box to match your situation:


More information

Guaranteed Income Estimator
Get a ballpark figure for your monthly income with a deferred income annuity.

Learn more

These articles and videos explain some of the investment and retirement challenges that annuities may help you meet.

future-retire-income

Create future retirement income


This Fidelity Viewpoints® article, explains how deferred annuities work and the role they play in a retirement income plan.

video

Deferred Income Annuities (2:49)


This video explains how deferred income annuities can provide future guaranteed lifetime income.

hand-egg-secure-retire

Securing retirement income


This Fidelity Viewpoints® article explains how to use Qualified Longevity Annuity Contracts (QLACs) to create lifetime income later in life.

Get in touch

Contact us to get help and answers.

Open an annuity

866-450-3909

Questions about an
existing annuity?

800-634-9361