Deferred income annuities Secure tomorrow's income today


Get a predictable stream of income for your lifetime or a set period of time that you can defer until you're ready to receive it.


Talk to us about annuities

Offered through The Fidelity Insurance Network®1

Guaranteed income

Lock in an income stream years before retirement for you or for you and your spouse.2

Personalization

Add to your annuity, make a one-time change to your income start date, or select additional protections for your beneficiaries.3

Stability

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

Retire smart. Live confidently.

Consider how guaranteed income annuities may help you cover essential expenses and achieve a more secure retirement

How it works

Tell us how much you want to invest or how much income you need each month and we'll discuss your options based on:


  • When you'd like your income to start (from 13 months to 40 years from today)
  • Whether you'd like coverage for yourself only, or for yourself and your spouse
  • How long you'd like the income to last (for life or for a specific number of years)

Minimum investment: $10,000

Compare deferred income annuities available through The Fidelity Insurance Network®


Use our Guaranteed Income Estimator to calculate the income you could receive from a deferred income annuity

Create income later with a qualified longevity annuity contract (QLAC)

If it is almost time for you to start taking required minimum distributions (RMDs) and you don’t need your full RMD to cover your expenses right away, learn if a QLAC may be a fit for a portion of your retirement portfolio.

What is a QLAC?

  • A type of deferred income annuity that, if properly set up, allows income payments to start as late as age 85, beyond the RMD age of 734
  • Provides guaranteed lifetime income to help with late-life expenses like healthcare
  • Shifts market and interest rate risk to the insurer, ensuring steady, predictable income regardless of market conditions

QLAC funding requirements

  • Must be purchased with assets from a traditional IRA5 or an eligible employer-sponsored qualified plan such as a 401(k), 403(b), or government 457(b)
  • Lifetime funding limit of $210,000 (indexed for inflation beginning in 2024)
  • Substantial penalties may apply for exceeding the limit (like those for not meeting RMDs)

How to get started

  • Schedule an appointment with a Fidelity financial professional
  • Tell us what you’d like from an annuity
  • Work in close collaboration with us to help create a plan that meets your needs

Talk to us about annuities

Learn more about creating guaranteed income for your retirement

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Create future retirement income

Find out how fixed lifetime income annuities can help build reliable retirement income.

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Guaranteed income annuities (PDF)

Learn why you might consider including a guaranteed income annuity as part of your retirement plan.

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Securing retirement income

Discover how to use qualified longevity annuity contracts (QLACs) to create lifetime income later in life.

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Deferred income annuity FAQs

  • How soon can you start receiving income?

    The standard minimum deferral period is usually 2 years from the date the policy is issued. However, the flexible income start date feature of the product often allows the customer to start receiving income on any date at least 13 months after the latest investment.

  • How is income calculated?

    A number of factors go into calculating how much income you’ll receive, including your age, gender, and the purchase amount applied to the annuity. You can use Fidelity’s Guaranteed Income Estimator to calculate potential income or call us at 866-450-3909 for a personalized quote.

  • When and how often can you make additional investments?

    In most cases, you can make additional investments at any time up to 2 years before the income start date. There may be a minimum dollar amount for these additional investments, but please refer to the product materials for more information.

  • How are rates calculated for additional investments?

    With each additional investment, you secure incremental future income based on the payout rate in effect at the time you make the additional investment.