Available through The Fidelity Insurance Network®
Since an annuity's guarantees2 are only as strong as the insurance company providing them, you should consider the strength3 of the company you select and its ability to meet future obligations.
| Issuer | Guardian | MassMutual | New York Life | USAA | Western & Southern |
|---|---|---|---|---|---|
| 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 Annuity |
Financial strength rating of issuing company3
| A.M. Best | A++
(Superior) |
A++
(Superior) |
A++
(Superior) |
A++
(Superior) |
A+
(Superior) |
| Standard and Poor's | 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 71 (Qualified funds)
Age 82 (QLAC) Age 80 (Non-qualified funds) |
Age 71 (Qualified funds)
Age 83 (QLAC) Age 88 (Non-qualified funds) |
Age 71 (Qualified funds)
Age 80 (QLAC) Age 80 (Non-qualified funds) |
Age 71 (Qualified funds)
Age 83 (QLAC) Age 83 (Non-qualified funds) |
Age 71 (Qualified funds)
Age 83 (QLAC) Age 83 (Non-qualified funds) |
Income start date
| Deferral period | 2 - 40 years
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), 73 (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 | 2-20 | 10-30 | 5-30 |
Income options—lifetime2, 6
| Single lifetime | |||||
| Joint lifetime:
100% benefits continuation to joint owner |
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| Joint lifetime:
66⅔% benefits continuation to joint owner |
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| 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 refund |
Optional features
| Set annual increase | 1% to 5% | 1% to 4% | 1% to 3% | 1% to 3% | 1% to 5% |
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Some features of this product 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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