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

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Guaranteed income

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


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


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

Minimum investment


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 73 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 total sum of QLAC premiums cannot exceed $200,000 (indexed for inflation beginning in 2024). You are ultimately responsible for complying with this limit, and like RMDs, substantial penalties may apply if you do not.

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.


Create future retirement income

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


Guaranteed Income Video

This video explains how guaranteed income annuities can help you cover essential expenses in retirement.


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.

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Open an annuity


Questions about an
existing annuity?