Annuities

Being ready for retirement and meeting your other financial goals doesn't just mean you've saved enough money. It also means feeling confident because you have the guaranteed income you need.

What are they?

Annuities are investments issued by insurance companies that can be used to help build a guaranteed income stream or a retirement nest egg. It’s like being able to create your own pension fund or IRA. Annuities come in many varieties, helping investors reach diverse retirement goals.

Annuities may be good for investors...


  • seeking stable, guaranteed lifetime income
  • looking to save more for retirement in a tax-deferred investment vehicle
  • wanting asset protection with the potential for growth


Different kinds of annuities available through Fidelity


Income annuities Fixed annuities Variable annuities1
Used for Securing predictable income Building wealth Building wealth
Similar to Pension2 CD Fund investment
Benefits Lifetime income Fixed interest rate Tax-deferred growth potential

Which annuity is right for you?

Whether you want increased retirement savings or a guaranteed income, we make annuities available for a wide range of financial and life goals.

Filter annuities

Deferred fixed annuities


Offer a guaranteed rate of return, with tax-deferral, over a set time period (available through The Fidelity Insurance Network®)


  • Any earnings not taxed until funds are withdrawn
  • Competitive rates compared to bonds & CDs
  • Interest rate can be guaranteed for at least 3 and up to 10 years

MINIMUM
$5,000


Learn more

Fidelity Personal Retirement Annuity® 4


Low-cost variable annuity1 that lets you increase tax-deferred retirement savings beyond IRA or 401(k) contribution limits


  • Any earnings not taxed until funds are withdrawn
  • Among the lowest fees in the industry5
  • Choose from over 60 funds; invest in a single fund or build a portfolio

MINIMUM
$10,000


Learn more

New York Life Premier Variable Annuity–P Series w/ Investment Preservation Rider–P Series10


A deferred-variable annuity1 designed to protect 100% of the original investment against market declines while providing growth opportunity


  • Potential to grow your assets and outpace inflation with Fidelity® VIP Funds Manager® 60%11
  • Access account value as needed12
  • Guarantees initial investment return after 10-year holding period, regardless of market performance (less the impact of any withdrawals)

MINIMUM
$25,000


Learn more

Deferred income annuities8


Provide a guaranteed income for the rest of your life, or for a set period of time that starts on a date more than 2 years in the future. (available through The Fidelity Insurance Network®)


  • Steady, secure payments regardless of market fluctuations
  • Flexibility to change start date9 (one-time) or increase future income stream
  • Invest with a lump sum or incrementally over time

MINIMUM
$10,000


Learn more

New York Life Clear Income Fixed Annuity–FP Series6


Provides a guaranteed lifetime income and you can tap into your assets if your plans change7


  • Guarantees a lifetime withdrawal benefit amount that increases yearly for the first 10 years or until first lifetime withdrawal, whichever comes first
  • Income is safe from market fluctuations
  • Contract accumulation value grows at an interest rate that’s guaranteed for 7 years and adjusts annually afterward

MINIMUM
$50,000


Learn more

Immediate fixed income annuities13


Provide guaranteed income for the rest of your life, or for a set period of time beginning within a year. (available through The Fidelity Insurance Network®)


  • Steady, secure payments regardless of market fluctuations
  • Can include beneficiary protection or a cost of living adjustment to keep pace with inflation
  • Competitive rates from reputable providers

MINIMUM
$10,000


Learn more

Guaranteed Income Estimator

Use this tool to get a ballpark figure for your monthly income with a fixed-income annuity.


Try it out

Planning for retirement?

Use the tools in Fidelity's Planning & Guidance Center to learn how annuities may fit into your retirement plan.


Learn more

Annuity funds research

Use this tool to learn more about the investment options found within the variable and deferred fixed annuities available through Fidelity.


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Guaranteed rates for deferred fixed annuities

Readily compare products and interest rates that may vary by state.


Learn more

The Fidelity Insurance Network®

The Fidelity Insurance Network® (FIN) helps you simplify comparing prices, products, and companies using our group of reputable insurance providers. Annuity guarantees are only as strong as the insurance company providing them, so company strength and ability to meet future obligations are critical considerations.

Our providers

Guardian logo



USAA logo

MassMutual logo



Western & Southern Financial Group logo

New York Life logo

What you get

Access

A range of highly-rated, financially-strong companies to choose from

Choice

A broad selection of simple, transparent, and competitive products that can be tailored to meet your needs

Guidance

A planning-based approach including access to tools and resources to help you make an informed decision

Quality matters

All of our network providers are rated A+ or better by A.M. Best, and four of them are rated A++ (less than 5% of providers achieve an A++ rating*). They are also all rated Very Strong by Standard & Poor's, their second highest rating possible.




Guardian MassMutual New York Life USAA Western & Southern
A.M. Best A++
(Superior)
A++
(Superior)
A++
(Superior)
A++
(Superior)
A+
(Superior)
Standard and Poor's AA+
(Very strong)
AA+
(Very strong)
AA+
(Very strong)
AA+
(Very strong)
AA-
(Very strong)


Ratings current as of 3/30/2022. 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 access www.ambest.com and www.standardandpoors.com.


*Source: A.M. Best ratings based on 759 rated U.S. life and health insurers as of March 2022
financial advisor

How to get started



  • Schedule an appointment or complete the information form
  • Tell us why you are interested in an annuity
  • Work in close collaboration with us to help create a plan that meets your needs

Why Fidelity

Our expertise

Fidelity financial professionals offer planning and advice to help you realize your goals for a more secure and fulfilling retirement.

The Fidelity Insurance Network®

You’ll have access to a network of reputable and highly-rated3 providers who offer a broad range of competitive products.

Research resources

Our tools let you see and explore what the variety of annuities available through Fidelity could do for you and your investment goals.

More learning

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Protecting yourself from fear of loss

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Creating income that can last a lifetime

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Article

5 common annuity myths

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Get in touch

Chat with a Fidelity financial professional

Question about an existing annuity?

800-634-9361

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