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++
(Superior)
A++
(Superior)
A++
(Superior)
A+
(Superior)
Standard & Poor's financial strength rating AA+
(Very strong)
AA+
(Very strong)
AA+
(Very strong)
A+
(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.