How to interpret these results

Based on the questions you answered, we display options for a specific type of fixed income annuity. For your further education we display:

• The highest monthly income payment available or lowest required investment amount, if solving for a desired monthly income payment from a group of reputable insurance companies whose products you can purchase through Fidelity.
• A monthly payment that will continue for the period of time that you choose (e.g., lifetime or set period of time) or an investment amount which is required to provide your desired income payment each month.
• If you requested an annuity for two lives, a monthly payment to surviving spouse is displayed. This is the payment that will continue to your spouse once you pass away. Reducing the amount your spouse would receive will increase the amount of the payments you receive while you both are alive. We display 100% and 50% as examples.
• The minimum payout is the amount of income that you, or you and your beneficiaries, will receive at a minimum. By purchasing an income annuity with a guarantee period or cash refund option, you can ensure that your total payments will be equal to the minimum payout amount regardless of how long you live.
• The minimum payout if death after income start date is the amount of income you, or you and your beneficiaries will receive at a minimum if you live beyond the income start date. By purchasing an income annuity with a guarantee period or cash refund option, you can ensure that your total payments will be equal to the minimum payout amount regardless of how long you live.
• The minimum payout if death before income start date is the amount of income you, or you and your beneficiaries will receive at a minimum, if you die prior to the income start date.
• Death Benefit considerations will vary based on the type of annuity income option and the amount of payment to the surviving owner. The amount paid to a surviving owner will be noted as a percentage of the original monthly payment. Also the varieties of protection for beneficiary(ies) payments are explained.

You'll want to weigh the relative importance of each feature and its value to your particular situation when comparing the different options. Scroll your mouse over each option and click on Get Details to see more information.

You may also visit the Learn More section or call a representative who can answer any questions you may have or talk to you about other income options.