Fixed Income Annuities Available Through Fidelity

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Get fixed, guaranteed1 income for life.

A fixed income annuity—sometimes called a Single Premium Immediate Annuity (SPIA)—is a retirement income product that provides you, or you and your spouse, with a guaranteed income amount, or "paycheck," for life or for a set period of time. An annuity is similar to a pension in that it provides a steady, predictable income stream that's guaranteed to last as long as you live.

Overview

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Key Benefits of Fixed Income Annuities

  • Peace of mind: You'll know you can never "outlive your assets"
  • Simplicity: No fund investing or market watching—just income for life
  • Range of options: You can choose to cover just your lifetime, or that of you and your spouse, or receive income for a specific period of time (period certain). You can also protect your heirs with an option ensuring you and/or your beneficiaries receive income worth at least the purchase amount of the annuity. Many income annuities also help protect against inflation, through a cost of living adjustment, which is either a flat percentage increase or an adjustment based on the Consumer Price Index.

Why buy a fixed income annuity available through Fidelity?

Fidelity makes available fixed income annuities from preferred outside providers:

  • Only those providers who have passed Fidelity's rigorous scrutiny are made available to you.
  • When you purchase a fixed annuity through Fidelity, you'll have access to multiple options in one place, which means you'll be more likely to find a competitive rate.
  • Because the guarantee of lifetime income you receive is backed by the claims-paying ability of the issuing insurance company, the research capabilities Fidelity uses to choose these providers can add to your peace of mind that you've made a purchase from a solid company.

Compare with other annuities

The evaluator tool is for educational purposes only. You should not rely on it as the primary basis for your investment, financial, or tax planning decisions. Please consult your tax or investment advisor, if applicable. The tool's primary objective is to help you identify a possible strategy for saving and investing that may help you to achieve your retirement goals. If you choose to consider an annuity, a suitability review will be required.
  1. Guarantees are subject to the claims paying ability of the issuing insurance company.
  2. Fixed annuities that Fidelity makes available are issued by third party insurance carriers, which are not affiliated with Fidelity. Fidelity Insurance Agency, Inc. is the distributor. The contract's financial guarantees are solely the responsibility of the issuing insurance company.
  3. Taxable amounts withdrawn from an annuity prior to age 59 ½ may be subject to a 10% IRS penalty.
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