Before investing, consider the investment objectives, risks, charges, and expenses of the fund or annuity and its investment options. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Investing in a variable annuity involves risk of loss—investment returns and contract value are not guaranteed and will fluctuate.
Withdrawals of taxable amounts from an annuity are subject to ordinary income tax, and, if taken before age 59½, may be subject to a 10% IRS penalty.
1. Neither diversification nor asset allocation ensures a profit or guarantees against loss in a declining market.
2.
Investing involves risk, including risk of loss.
3. 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. Customers should evaluate their own circumstances before selecting a portfolio.
4.
The investment risk of each Fidelity VIP Investor Freedom Portfolio changes over time as the fund’s asset allocation changes. The portfolios are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small-cap, commodity-linked, and foreign securities. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly. No target date fund is considered a complete retirement program and there is no guarantee any single fund will provide sufficient retirement income at or through retirement.
5. VIP Balanced fund does not have a target fixed income or short term allocation, but must (per fund policies) hold a minimum 25% of its assets in fixed income securities.
Fidelity Management & Research Company LLC (the Adviser), an affiliate of FMR manages the Fidelity VIP Investor Freedom Funds. The Adviser may use an active asset allocation strategy to increase or decrease neutral asset class exposures reflected above by up to 10 percentage points for Equity Funds (includes domestic and international equity funds), Bond Funds (including high yield debt funds) and Short-Term Funds to reflect the Adviser’s market outlook, which is primarily focused on the intermediate term. The asset allocations in the chart above are referred to as "neutral" because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class. This strategy may not be successful in adding value, may increase losses to the Fund and/or cause the Fund to have a risk profile different than that portrayed above from time to time.
Fidelity Personal Retirement Annuity (Policy Form No. DVA-2005, et al.) is issued by Fidelity Investments Life Insurance Company (FILI), 900 Salem Street, Smithfield, RI 02917, and, for New York residents, Personal Retirement Annuity (Policy Form No. EDVA-2005, et al.) is issued by Empire Fidelity Investments Life Insurance Company®, New York, N.Y. 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.
VIP refers to Variable Insurance Products.
Fidelity Brokerage Services LLC, Member NYSE,
SIPC, 900 Salem Street, Smithfield, RI 02917
866327.7.0
