Available through The Fidelity Insurance Network®
Since an annuity's guarantees are only as strong as the insurance company providing them, you should consider the strength of the company you select and its ability to meet future obligations.2
| Issuer | Fidelity Investments Life Insurance Company | Guardian | MassMutual | New York Life | USAA | Western & Southern |
|---|---|---|---|---|---|---|
| Annuity name | Fidelity Fixed Deferred Retirement Annuity
A Market Value Adjustment (MVA) Annuity3
|
Guardian Fixed Target AnnuitySM | MassMutual Stable VoyageSM Fixed Deferred Annuity | New York Life Secure Term MVA Fixed Annuity IV
A Market Value Adjustment (MVA) Annuity3
|
USAA Protected Deferred Annuity
A Market Value Adjustment (MVA) Annuity3
|
Western & Southern SmartSelect
A Market Value Adjustment (MVA) Annuity3
|
Financial strength ratings2
| A.M. Best | A+
(Superior) |
A++
(Superior) |
A++
(Superior) |
A++
(Superior) |
A++
(Superior) |
A+
(Superior) |
| Standard and Poor's | A+
(Strong) |
AA+
(Very strong) |
AA+
(Very strong) |
AA+
(Very strong) |
AA+
(Very strong) |
AA-
(Very strong) |
Purchase guidelines
| Single premium | ||||||
| Minimum non-qualified | $10,000 | $5,000 | $10,000 | $50,000 | $50,000 | $20,000 |
| Minimum qualified | $10,000 | $5,000 | $10,000 | $50,000 | $50,000 | $20,000 |
| Maximum issue age (May vary by state) | Age 85 | Age 85 | Age 85 | Age 85 | Age 85 | Age 85 |
Initial interest rate guarantee4
| Initial interest rate guarantee4 | For 3 or 5 years | For 3, 4, 5, or 6 years | For 3, 4, or 5 years | For 3, 4, 5, or 6 years | For 3, 4, 5, or 105 years | For 3, 4, 5, or 6 years |
| Jumbo rate | ||||||
| Automatic 1-year renewal6
(at current market rates)
|
Access to assets7
| Annual penalty–free withdrawal limit | 1st year—10% of premium; 2+ years—10% of prior anniversary contract value | 1st year—10% of value at time of initial premium; 2+ years—10% of prior anniversary contract value | 1st year—10% of value at time of withdrawal; 2+ years—10% of prior anniversary contract value | Greater of up to 10% of your policy's accumulation value on the preceding anniversary or 10% of the current accumulation value | 1st year—10% of value at time of initial premium; 2+ years—10% of prior anniversary contract value7 | Greater of 10% of your contract value or a single year's Required Minimum Distribution (RMD) at time of withdrawal |
| Systematic withdrawal program |
Surrender charges by year
| Surrender charges: 3-year | 7%, 7%, 7%, MVA may apply. | 7%, 7%, 7% | 7%, 7%, 7% | 7%, 7%, 7% MVA may apply.9 | 7%, 7%, 7% MVA may apply.10 | 7%, 7%, 7% MVA may apply.11. |
| Surrender charges: 4-year | 7%, 7%, 7%, 6% | 7%, 7%, 7%, 6% | 7%, 7%, 7%, 6% MVA may apply.9 | 7%, 7%, 7%, 6% MVA may apply.10 | 7%, 7%, 7%, 6% MVA may apply.11 | |
| Surrender charges: 5-year | 7%, 7%, 7%, 6%, 5%, MVA may apply. | 7%, 7%, 7%, 6%, 5% | 7%, 7%, 7%, 6%, 5% | 7%, 7%, 7%, 6%, 5% MVA may apply.9 | 7%, 7%, 7%, 6%, 5% MVA may apply.10 | 7%, 7%, 7%, 6%, 5% MVA may apply.11 |
| Surrender charges: 6-year | 7%, 7%, 7%, 6%, 5%, 4% | 7%, 7%, 7%, 6%, 5%, 4% MVA may apply.9 | 7%, 7%, 7%, 6%, 5%, 4% MVA may apply.11 | |||
| Surrender charges: 7-year | ||||||
| Surrender charges: 9-year | ||||||
| Surrender Charges: 10-year | 7%, 7%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 1% MVA may apply.10 |
Other features
|
Guaranteed4 lifetime income options Terminal Illness Waiver Nursing Home and Hospital Waiver |
Guaranteed4 lifetime income options Terminal Illness Waiver Nursing Home and Hospital Waiver |
Guaranteed4 lifetime income options Terminal Illness Waiver Nursing Home and Hospital Waiver |
Guaranteed4 lifetime income options Living Needs Benefit Rider12 |
Guaranteed4 lifetime income options13 Nursing Home Waiver or Critical Care Withdrawal13 |
Guaranteed4 lifetime income options Limited life expectancy waiver14 Confinement waiver14 |
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Some features of these products might not be available in all distribution channels. Availability may vary by state, the firm contracted with the issuing company, or the type of funding used to purchase this type of annuity.
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