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Investment Options for Fidelity Freedom Lifetime Income®

Fidelity Freedom Lifetime Income® (FFLI) is an immediate variable income annuity that converts a portion of your savings into lifetime income.

Income payment amounts are based on the performance of the underlying diversified1 portfolio. You can choose from two types of Fidelity-managed investment portfolios.

You have access to automatic diversification1 and professional money management from the experts at Fidelity. Choose one of these Variable Insurance Product (VIP) single-fund solutions:

Choose by risk tolerance.2
These portfolios are designed for investors looking for a professionally managed, diversified investment solution that normally invests according to a specific target asset allocation.

Choose by your year of birth.3
Choose a portfolio based on your birth year. Each portfolio's asset allocation strategy becomes increasingly conservative over time as it approaches its ultimate target asset allocation (except for Fidelity VIP Investor Freedom IncomeSM).

With all funds available in FFLI, principal invested is not guaranteed at any time, including at or after the funds' ultimate target asset allocation.

1. Diversification does not ensure a profit or protect against a loss in a declining market.
2. The performance of the Fidelity VIP FundsManager portfolios depends on that of their underlying Fidelity and Fidelity VIP funds. These portfolios are subject to the volatility of the financial markets in the U.S. and abroad, and may be subject to the additional risks associated with investing in high-yield, commodity-linked, small-cap and foreign securities.
3. The performance of the Fidelity VIP Freedom Lifetime Income portfolios depends on that of their underlying Fidelity VIP funds. These portfolios are subject to the volatility of the financial markets in the U.S. and abroad, and may be subject to the additional risks associated with investing in high-yield, small-cap and foreign securities.
Guarantees are subject to the claims-paying ability of the issuing insurance company.
Investing in an immediate variable income annuity involves risk of loss—the amount of each payment is not guaranteed and will fluctuate.
Fidelity Freedom Lifetime Income (Policy Form Nos. FFLI-Q-2005 et al. and FFLI-NQ-2005 et al.) is issued by Fidelity Investments Life Insurance Company (FILI), 100 Salem Street, Smithfield, RI 02917, and, for New York residents, Freedom Lifetime Income (Policy Form Nos. EFLI-Q-2005 et al. and EFLI-NQ-2005 et al.) is issued by Empire Fidelity Investments Life Insurance Company,® New York, NY. FILI is licensed in all states except New York. Fidelity Brokerage Services, Member NYSE, SIPC, and Fidelity Insurance Agency, Inc., are the distributors. A contract's financial guarantees are subject to the claims-paying ability of the issuing insurance company.
Before investing, consider the investment objectives, risks, charges, and expenses of the variable annuity and its investment options. Call or write to Fidelity or visit Fidelity.com for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.
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