Compare Deferred Income Annuities
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Questions about an existing annuity?
(Superior) A++
(Superior) A++
(Superior) A++
(Superior) A+
(Superior) AA+
(Very strong) AA+
(Very strong) AA+
(Very strong) AA+
(Very strong) AA-
(Very strong)
Age 82 (QLAC)
Age 80 (Non-qualified funds) Age 70 (Qualified funds)
Age 83 (QLAC)
Age 88 (Non-qualified funds) Age 70 (Qualified funds)
Age 80 (QLAC)
Age 80 (Non-qualified funds) Age 70 (Qualified funds)
Age 83 (QLAC)
Age 83 (Non-qualified funds) Age 70 (Qualified funds)
Age 83 (QLAC)
Age 83 (Non-qualified funds)
Income must start by age 85 (Non-qualified funds), 72 (Qualified funds), or age 85 (QLAC) 13 months - 30 years
Income must start by age 90 (Non-qualified funds) or 72 (Qualified funds) or age 85 (QLAC) 2 - 40 years
Income must start by age 85 (Non-qualified funds) or 72 (Qualified funds) or age 85 (QLAC) 2 -30 years
Income must start by age by age 85 (Non-qualified funds), 72 (Qualified funds), or age 85 (QLAC) 13 months - 40 years
Income must start by age by age 85 (Non-qualified funds), 72 (Qualified funds), or age 85 (QLAC) Flexibility Can be changed only once over the life of the contract
Can be deferred up to 5 additional years from the originally scheduled date
Can be accelerated up to 5 years prior to originally scheduled date but not earlier than 13 months after latest add pay Can be changed only once over the life of the contract
Can be deferred up to 5 additional years from the originally scheduled date
Can be accelerated up to 5 years prior to the originally scheduled date but not earlier than 13 months after latest add pay Can be changed only once over the life of the contract
Can be deferred up to 5 additional years from the originally scheduled date
Can be accelerated to any date 13 months after latest add pay Can be changed only once over the lifetime of the contract
Can be deferred up to 5 additional years from the originally scheduled date
Can be accelerated up to 5 years prior to originally scheduled date but not earlier than 13 months after latest add pay Can be changed up to two times over the lifetime of the contract
Can be deferred up to 5 additional years from the originally scheduled date
Can be accelerated up to 5 years prior to originally scheduled date but not earlier than 13 months after latest add pay
100% benefits continuation to joint owner Joint lifetime:
66⅔% benefits continuation to joint owner Joint lifetime:
50% benefits continuation to joint owner
existing annuity? 800-634-9361 Deferred Income Annuity contracts are irrevocable, have no cash surrender value and no withdrawals are permitted prior to the income start date. 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. Annuity guarantees are subject to the claims-paying ability of the issuing insurance company. 3. Ratings current as of December 31, 2021. 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 and . 4. A Qualified Longevity Annuity Contract (QLAC) allows income to begin past the required minimum distribution (RMD) age. They are subject to premium limitations and not all income options and features may be available. 5. Maximum and minimum issue age may vary by product and feature. 6. Income payments are guaranteed at least as long as the annuitant is living, provided the annuitant is alive on the income start date chosen. Contracts in which a Life Only payout option is selected do not provide a death benefit either prior to or after the chosen income start date. See fact sheet for complete details. 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. Withdrawals of taxable amounts from a non-qualified annuity may also be subject to the 3.8% Unearned Income Medicare Contribution tax if your modified adjusted gross income exceeds the applicable threshold amount. Guardian SecureFuture Income AnnuitySM [Contract form #ICC12-DIA, 12-DIA] is issued by The Guardian Insurance & Annuity Company, Inc. (GIAC) (a Delaware Corporation), 7 Hanover Square, New York, NY 10004; MassMutual RetireEase Choice [Contract form #FPDIA12, ICC12-FPDIA12] is issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001; Guaranteed Future Income Annuity II [Contract form #ICC11-P101(may be #211-P1010, state variations may apply)] is issued by New York Life Insurance and Annuity Corporation (a Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Ave., New York, NY 10010. USAA Life Protected Deferred Income Annuity is issued by USAA Life Insurance Company, San Antonio, TX, and in New York by USAA Life Insurance Company of New York, Highland Falls, NY [Contract form #ICC211375913P 08-21; state variations may apply]. Western & Southern IncomeSource Select [Flexible Premium Deferred Income Annuity Contract Series ICC17 ENT-04 1708 and ENT-04 1708 NY and endorsements ICC17 EE.32-36 1708 and EE.32-35 1708 NY] is issued and underwritten by Western-Southern Life Assurance Company or National Integrity Life Insurance Company. Western-Southern Life Assurance Company, Cincinnati, Ohio, operates in DC and all states except NY. National Integrity Life Insurance Company, Greenwich, New York, operates in NY. Both are member companies of the Western & Southern Financial Group (Western & Southern). 629066.27.0
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Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
796549.1.0
Mutual Funds and Mutual Fund Investing - Fidelity Investments
Clicking a link will open a new window.h1 Deferred income annuities
Available through The Fidelity Insurance Network,1 deferred income annuities provide you, or you and your spouse, with guaranteed income for the rest of your life or a set period of time, starting on a date you select.2h2 Get in touch
Open an annuity866-450-3909
Questions about an existing annuity?
800-634-9361
Go Annuity name Guardian SecureFuture Income AnnuitySM MassMutual RetireEaseSM Choice New York Life Guaranteed Future Income Annuity II USAA Life Protected Deferred Income Annuity Western & Southern IncomeSource Select Deferred Income AnnuityFinancial strength rating of issuing company3
A++(Superior) A++
(Superior) A++
(Superior) A++
(Superior) A+
(Superior) AA+
(Very strong) AA+
(Very strong) AA+
(Very strong) AA+
(Very strong) AA-
(Very strong)
Purchase guidelines
Minimum investment $10,000 $10,000 $10,000 $10,000 $10,000 Qualified Longevity Annuity Contract (QLAC)4 available Maximum issue age5 Age 70 (Qualified funds)Age 82 (QLAC)
Age 80 (Non-qualified funds) Age 70 (Qualified funds)
Age 83 (QLAC)
Age 88 (Non-qualified funds) Age 70 (Qualified funds)
Age 80 (QLAC)
Age 80 (Non-qualified funds) Age 70 (Qualified funds)
Age 83 (QLAC)
Age 83 (Non-qualified funds) Age 70 (Qualified funds)
Age 83 (QLAC)
Age 83 (Non-qualified funds)
Income start date
Deferral period 2 - 40 yearsIncome must start by age 85 (Non-qualified funds), 72 (Qualified funds), or age 85 (QLAC) 13 months - 30 years
Income must start by age 90 (Non-qualified funds) or 72 (Qualified funds) or age 85 (QLAC) 2 - 40 years
Income must start by age 85 (Non-qualified funds) or 72 (Qualified funds) or age 85 (QLAC) 2 -30 years
Income must start by age by age 85 (Non-qualified funds), 72 (Qualified funds), or age 85 (QLAC) 13 months - 40 years
Income must start by age by age 85 (Non-qualified funds), 72 (Qualified funds), or age 85 (QLAC) Flexibility Can be changed only once over the life of the contract
Can be deferred up to 5 additional years from the originally scheduled date
Can be accelerated up to 5 years prior to originally scheduled date but not earlier than 13 months after latest add pay Can be changed only once over the life of the contract
Can be deferred up to 5 additional years from the originally scheduled date
Can be accelerated up to 5 years prior to the originally scheduled date but not earlier than 13 months after latest add pay Can be changed only once over the life of the contract
Can be deferred up to 5 additional years from the originally scheduled date
Can be accelerated to any date 13 months after latest add pay Can be changed only once over the lifetime of the contract
Can be deferred up to 5 additional years from the originally scheduled date
Can be accelerated up to 5 years prior to originally scheduled date but not earlier than 13 months after latest add pay Can be changed up to two times over the lifetime of the contract
Can be deferred up to 5 additional years from the originally scheduled date
Can be accelerated up to 5 years prior to originally scheduled date but not earlier than 13 months after latest add pay
Income options—set period of time
Period certain (years) 5-10 10-30 5-30Income options—lifetime2 6
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 10 to 30 10 to 30 5 to 30 5 to 30 Cash refundOptional features
Set annual increase 1% to 5% 1% to 4% 1% to 3% 1% to 3% 1% to 5% 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. h2 Get in touch Contact us to get help and answers. Open an annuity 866-450-3909 Questions about anexisting annuity? 800-634-9361 Deferred Income Annuity contracts are irrevocable, have no cash surrender value and no withdrawals are permitted prior to the income start date. 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. Annuity guarantees are subject to the claims-paying ability of the issuing insurance company. 3. Ratings current as of December 31, 2021. 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 and . 4. A Qualified Longevity Annuity Contract (QLAC) allows income to begin past the required minimum distribution (RMD) age. They are subject to premium limitations and not all income options and features may be available. 5. Maximum and minimum issue age may vary by product and feature. 6. Income payments are guaranteed at least as long as the annuitant is living, provided the annuitant is alive on the income start date chosen. Contracts in which a Life Only payout option is selected do not provide a death benefit either prior to or after the chosen income start date. See fact sheet for complete details. 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. Withdrawals of taxable amounts from a non-qualified annuity may also be subject to the 3.8% Unearned Income Medicare Contribution tax if your modified adjusted gross income exceeds the applicable threshold amount. Guardian SecureFuture Income AnnuitySM [Contract form #ICC12-DIA, 12-DIA] is issued by The Guardian Insurance & Annuity Company, Inc. (GIAC) (a Delaware Corporation), 7 Hanover Square, New York, NY 10004; MassMutual RetireEase Choice [Contract form #FPDIA12, ICC12-FPDIA12] is issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001; Guaranteed Future Income Annuity II [Contract form #ICC11-P101(may be #211-P1010, state variations may apply)] is issued by New York Life Insurance and Annuity Corporation (a Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Ave., New York, NY 10010. USAA Life Protected Deferred Income Annuity is issued by USAA Life Insurance Company, San Antonio, TX, and in New York by USAA Life Insurance Company of New York, Highland Falls, NY [Contract form #ICC211375913P 08-21; state variations may apply]. Western & Southern IncomeSource Select [Flexible Premium Deferred Income Annuity Contract Series ICC17 ENT-04 1708 and ENT-04 1708 NY and endorsements ICC17 EE.32-36 1708 and EE.32-35 1708 NY] is issued and underwritten by Western-Southern Life Assurance Company or National Integrity Life Insurance Company. Western-Southern Life Assurance Company, Cincinnati, Ohio, operates in DC and all states except NY. National Integrity Life Insurance Company, Greenwich, New York, operates in NY. Both are member companies of the Western & Southern Financial Group (Western & Southern). 629066.27.0
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Already have a dedicated Fidelity advisor?
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Have us contact you Important Information Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. As with any search engine, we ask that you not input personal or account information. Information that you input is not stored or reviewed for any purpose other than to provide search results. Responses provided by the virtual assistant are to help you navigate Fidelity.com and, as with any Internet search engine, you should review the results carefully. Fidelity does not guarantee accuracy of results or suitability of information provided. Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
796549.1.0