Fidelity

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Privately held Fidelity Investments is one of the largest investment companies in the United States. Fidelity offers a vast range of investing, insurance, advisory, employee benefit and brokerage services and its product offerings include life insurance, long-term care and annuities.

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General Information
Websitewww.fidelity.com
TypeInsurance Company
Founded
Ownership
CountryUSA
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Information & Articles about Fidelity

Fidelity Variable Annuity Offering Reaches $1 Billion in Sales in First Year

Fidelity Investments recently announced that it reached $1 billion in sales with its MetLife Growth and Guaranteed Income ("MGGI") variable annuity product offering.

The MetLife Growth and Guaranteed Income product has only been available since November 2009.

The MGGI product is manufactured by MetLife and distributed exclusively by Fidelity.

The MGGI product is a deferred variable annuity with a living benefit rider.  The living benefit rider is a guaranteed lifetime withdrawal benefit (GLWB) that offers between 4 and 6 percent.

Annuities through Employers

There is a good article in CFO Magazine that discusses in-plan annuities--in other words, annuities within defined contribution pension plans such as 401k.

Per usual, lots of curiousity and interest among employees (at least in knowing more and understanding the options that might be available to them).

On the other hand, employers / plan sponsors are hesitant to say the least--primarily due to the fiduciary liability issue.

While efforts are made to keep information on this page accurate and updated, the information shown on this page may be variable or out of date. Always check the issuing company's website or other public data listings for the latest information applicable to you as actual information may vary.

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