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Deferred variable annuities with a guaranteed lifetime withdrawal benefit

Available through The Fidelity Insurance Network^®,1 deferred variable annuities with a guaranteed lifetime withdrawal benefit (GLWB) provide you, or you and your spouse, with growth potential and guaranteed income for the rest of your life, starting when you're ready.

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Open an annuity

800-544-4713

Questions about an existing annuity?

800-634-9361

Potential to grow your future income and outpace inflation with Fidelity VIP FundsManager 60%²

Avoid outliving your assets by guaranteeing a lifetime withdrawal benefit amount

Ability to choose when you want to start income and access your account value as needed³ (surrender charges may apply⁴ and guaranteed amount will be reduced)

Minimum investment

$50,000

Fund research

View the Fidelity^® VIP FundsManager^® 60% performance

Fees

Annual contract fees to include annuity charges, GLWB rider and underlying fund fees.⁵

Key features

Annual guaranteed income is determined by the value of your Benefit Base as well as your age and how long you've owned the contract—the longer you wait to take your lifetime withdrawal benefit amount, the higher your lifetime income will be. The Benefit Base has no cash value and is not available as a lump sum withdrawal.
A minimum Benefit Base is established by your initial investment and increases at 5% simple interest for the first 10 years or until your first lifetime withdrawal, whichever comes first. Your Benefit Base is protected from loss even if the contract value declines.
If your contract value grows by more than 5%⁶, your Benefit Base will increase, or reset, to the higher amount.

Here is how it works

The value of your contract will fluctuate with the market. The following hypothetical examples illustrate what happens to your Benefit Base in both down and up markets. These examples assume that no withdrawals are taken during the 5-year deferral period.

Growth potential in rising markets

Hypothetical example: Take advantage of any market growth to help build your Benefit Base. The Benefit Base minimum is established with your initial investment. On each contract anniversary this minimum is increased by 5% simple interest for up to 10 years or until your first withdrawal. Then, on any contract anniversary, if the contract value is greater than this minimum, your Benefit Base will be reset to the higher contract value. If no withdrawals are taken, your Benefit Base can never decrease. As your Benefit Base grows, so does your potential future income.

Graph showing that the Benefit Base minimum is established with your initial investment. On each contract anniversary this minimum is increased by 5% simple interest for up to 10 years or until your first withdrawal. Then, on any contract anniversary, if the contract value is greater than this minimum, your Benefit Base will be reset to the higher contract value.

This hypothetical example is for illustrative purposes only. It is not intended to predict or project specific investment results or income amounts.

*Guaranteed withdrawal amount is calculated by multiplying the Benefit Base at the end of the deferral period, 5 years in this case, by the applicable withdrawal rate. Since withdrawal rates increase as you get older, the longer you wait to take income the higher your potential income may be.

Growth potential in declining markets

Hypothetical example: Your Benefit Base is guaranteed to increase regardless of your investment performance. If markets are down and no withdrawals are taken, your Benefit Base increases by 5% on each contract anniversary for up to 10 years or until your first withdrawal, so you still build your future income in underperforming markets.

If markets are down and no withdrawals are taken, your Benefit Base increases by 5% on each contract anniversary for up to 10 years or until your first withdrawal.

This hypothetical example is for illustrative purposes only. It is not intended to predict or project specific investment results or income amounts.

Open an annuity

800-544-4713

Questions about an
existing annuity?

800-634-9361

Find an
Investor Center

Deferred variable annuities with a guaranteed lifetime withdrawal benefit

Get in touch

800-544-4713

800-634-9361

Growth potential

Guaranteed income