Deferred Income Annuities Video
Available through The Fidelity Insurance Network®, deferred income annuities can provide future guaranteed lifetime income.
Deferred Income Annuity contracts are irrevocable, have no cash surrender value, and no withdrawals are permitted prior to the income start date.
Guarantees are subject to the claims-paying ability of the issuing insurance company.
Fidelity Annuity Specialists are licensed insurance agents.
Fixed annuities available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. These products are distributed by Fidelity Insurance Agency, Inc., and, for certain products, Fidelity Brokerage Services, Member NYSE, .
Pensions are guaranteed by the employee's employer unless the employer transferred the liability to a third-party insurance company. Also, unlike pensions, annuities must be purchased and have associated costs and expenses.
In order to provide an income stream, there is no or limited access to assets.
This hypothetical example is for illustrative purposes only. Illustration is based on market rates as of 5/15/2014 for both the age 55 and age 60 annuity purchases. Annuity income option used is a joint life with a cash refund payout option. Rates are subject to change and payout will vary with age, gender, payout option selected, and the premium amount. Actual amounts are dependent on interest rates in effect at the time of policy issue. Income payments include return of premium, interest, and mortality credits.
Issuing insurance company reserves the right to limit contributions.
Restrictions may apply depending on payment option and/or contract type selected. Please refer to the product materials for additional details.
Minimum subsequent premium amounts and limitations to when they are allowed prior to income start date may apply.
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