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Compare Immediate Fixed Income Annuities

Fidelity provides access to a range of immediate fixed income annuities1 through The Fidelity Insurance Network®.

To buy or learn more

Available through The Fidelity Insurance Network®

Since an annuity's guarantees2 are only as strong as the insurance company providing them, you should consider the strength3 of the company you select and its ability to meet future obligations.2

Issuer The Guardian MassMutual New York Life The Principal
Annuity name The Guardian Guaranteed Income Annuity IISM MassMutual RetireEaseSM New York Life Guaranteed Lifetime Income Annuity II/Guaranteed Period Income Annuity II Principal Income Annuity
Financial strength rating of issuing company3
A.M. Best financial strength rating A++
Standard & Poor's financial strength rating AA+
(Very strong)
(Very strong)
(Very strong)
Purchase guidelines
Minimum investment $10,000 $10,000 $10,000 $10,000
Maximum issue age4 Age 90 Age 90 Age 89 Age 95
Income options—set period of time
Period certain (Years) 5 to 30 5 to 30 5 to 30 5 to 30
Income options—lifetime2
Single lifetime
Joint lifetime:
100% benefits continuation to joint owner
Joint lifetime:
66⅔% benefits continuation to joint owner
Joint Lifetime:
50% benefits continuation to joint owner
Additional features for lifetime income options
Protection for beneficiaries2
Guarantee period (years) 5 to 30 5 to 30 5 to 30 5 to 30
Cash refund Single lifetime only
Optional features
Set annual increase 1% to 5% 1% to 4% 1% to 5% 1% to 5% or CPI-U5
Some products and features listed here may not be available in all states and variations may apply. Certain features may not be available in all products or depending on type of funds used to purchase the annuity.
1. 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, SIPC. A contract's financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company
2. Guarantees are subject to the claims-paying ability of the issuing insurance company.
3. Ratings current as of January 20, 2016. Financial strength ratings are opinions from independent rating agencies of an insurer's financial strength and ability to pay its insurance policies and contract obligations. They are not recommendations to purchase, hold, or terminate any insurance policy or contract issued by an insurer, nor do they address the suitability of any particular policy or contract for a specific purpose or purchaser. Ratings range from A++ to F for A.M. Best ratings, and AAA to CC for Standard & Poors ratings, and are subject to change. For the latest ratings and definition of ratings, access www.ambest.com and www.standardandpoors.com.
4. Maximum and minimum issue age may vary by product and feature.
5. Consumer Price Index for All Urban Consumers.
Withdrawals of taxable amounts and taxable income received from an annuity are subject to ordinary income tax. Withdrawals of taxable amounts taken before age 59½, may be subject to a 10% IRS penalty.
The Guardian Guaranteed Income Annuity IISM is issued by The Guardian Insurance & Annuity Company, Inc.; MassMutual RetireEaseSM is issued by Massachusetts Mutual Life Insurance Company;  New York Life Guaranteed Lifetime Income Annuity II/New York Life Guaranteed Period Income Annuity II are issued by New York Life Insurance and Annuity Corporation (a Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company; Principal Income Annuity is issued by Principal Life Insurance Company.