The QLAC is assumed to be a single-life income annuity, purchased by either a 70-year-old male or female, or as a joint contract, with a cash refund feature and an income start date deferred to age 75 - 85 (11 options). The best quote available as of 01/10/23, was used from among the QLACs distributed by Fidelity Insurance Agency, Inc. These annuities are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. Rates may change daily. The above hypothetical illustration is not intended to predict or project income payments. Your actual income payments may be higher or lower than those shown here.

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, by Fidelity Brokerage Services, member NYSE, SIPC.

Deferred income annuity contracts are irrevocable, have no cash surrender value, and do not allow withdrawals. In the event of your death (or for joint contracts, both you and your spouse die) before the income start date, Life with Cash Refund contracts offer a full return of premium paid to your beneficiaries. Once income has started, a Life with Cash Refund annuity will provide the return of premium minus any income payments previously made as a death benifit to your beneficiaries.

* Annuity guarantees are subject to the claims-paying ability of the issuing insurance company.

** The Total lifetime Payout amount represents the sum of future dollars paid out from QLAC up to the age selected above, without reflecting the effect of inflation. Its present value today would depend on future inflation.

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