Fidelity Freedom Lifetime Income

A simple way to secure a stream of income that's guaranteed¹ for life

Fidelity Freedom Lifetime Income^®2 (FFLI), a variable income annuity, can help you reduce the risk of outliving your retirement savings by providing immediate income that will last for the rest of your life. Your income will also have the potential to grow over time to help keep pace with inflation.

Overview	Product Details
Watch a brief video about income annuities (Length less than two minutes) Read the video transcript This page will open in a popup window How FFLI could work for youThis page will open in a popup window	How FFLI compares with a pension Compare FFLI with a Pension Fidelity Freedom Lifetime Income (FFLI) is similar to a pension plan in that both provide payments guaranteed^* for life, but is unique because FFLI's income payments may increase or decrease based on market returns. However, unlike pensions, annuities must be purchased and have associated costs and expenses. * Annuity guarantees are subject to the claims paying ability of the issuing insurance company. Considerations and costsThis page will open in a popup window Fact sheet (PDF)This page will open in a popup window FAQsThis page will open in a popup window
Tools	Investments
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Key Benefits of FFLI

Protect yourself, your spouse, and your heirs: With FFLI, you have the option of providing income for just your lifetime—or for the lifetimes of both you and your spouse. You can also add a guarantee period which ensures that your beneficiary (or beneficiaries) will receive any remaining income payments for a specified period of time.
Low cost means greater income potential: There's no initial sales charge and FFLI's annual annuity charge of 0.60% is significantly lower than the industry average of 1.2%,³ so more of your money will go to generating income.
Optional withdrawals, in case of emergencies:⁴ If you purchase your annuity with pretax money, you may be eligible to take up to two partial withdrawals each year. This optional feature can provide you with peace of mind, knowing you have access to your assets in case of an emergency.
The power of professional portfolio management: Take the guesswork out of making investment decisions by choosing an allocation- or age-based, single-fund solution. Each fund's manager will make the investing choices, monitor the results, and maintain the target asset mix. These funds are designed to generate income with growth potential.⁵

Compare with other annuities

Before investing, consider the investment objectives, risks, charges, and expenses of the variable annuity and its investment options. Call or write to Fidelity or visit Fidelity.com for a free prospectus containing this information. Read it carefully.

Principal value, income payments, and investment returns of a variable annuity will fluctuate and you may have a gain or loss when money is received.

Guarantees are subject to the claims-paying ability of the issuing insurance company.
Fidelity Freedom Lifetime Income (Policy Form Nos. FFLI-Q-2005, et al. and FFLI-NQ-2005, et al.) is issued by Fidelity Investments Life Insurance Company and, for New York residents, Freedom Lifetime Income (Policy Form Nos. EFLI-Q-2005, et al. and EFLI-NQ-2005, et al.) is issued by Empire Fidelity Investments Life Insurance Company^®, New York, N.Y. Fidelity Brokerage Services, Member NYSE, SIPC, and Fidelity Insurance Agency, Inc. are the distributors. The contract's financial guarantees are solely the responsibility of the issuing insurance company.
According to Morningstar, Inc., Fidelity Freedom Lifetime Income's annual annuity charge of 0.60% is significantly lower than that of the industry's average annual annuity charge of 1.2% for immediate variable contracts as of 6/30/09.
Restrictions may apply; refer to prospectus. The withdrawal option is not available in all states and not applicable for non-qualified funds. Taxable amounts withdrawn prior to 59^½ may be subject to a 10% IRS penalty. Taking a withdrawal will impact the amount of future payments that you will receive.
If you choose to invest in Fidelity VIP FundsManager^® or Fidelity VIP Freedom Lifetime Income^® portfolios, please note their performance depends on the performance of their underlying Fidelity funds. These portfolios are subject to the volatility of the financial markets in the U.S. and abroad, and may be subject to the additional risks associated with investing in high-yield, small-cap, and foreign securities.

Fidelity Freedom Lifetime Income®

Overview

Product Details

Compare FFLI with a Pension

Tools

Investments

Key Benefits of FFLI

Additional Resources

Fidelity Freedom Lifetime Income^®