Speak with a Registered Agent: 1-866-223-2121

Speak with a Registered Agent: 1-866-223-2121

New Immediate Annuity from Fidelity Investments


Fidelity Investments has recently announced the launch of IncomeSource®, a Single Premium Immediate Annuity underwritten by two Western & Southern Financial Group member companies. The first of it’s kind for Fidelity, the immediate annuity allows individuals to convert a lump sum of money into guaranteed income for either a specific period of time, or for life.

“IncomeSource is a strong addition to Fidelity’s lifetime income offerings,” said president of Fidelity Investments Life Insurance, Bill Johnson, in a recent press release. “Annuities can be an important component of a diversified portfolio and can help people create income designed to last throughout retirement. Through this addition, we are providing another excellent option that will help our clients live comfortably in retirement, while also initiating a new business relationship with an annuity provider noted for stability and strength.”

IncomeSource offers the following advantages:

  • Increasing Payout Option helps protect purchasing power. In order to combat inflation through the years, this option allows for increased annual payouts over the length of the income stream by a compounded interest rate ranging from one to five percent.
  • Personalization: IncomeSource allows consumers to choose payout options to meet specific needs. Options include beneficiary protection, which ensures a loved one continues to receive specified payouts in the event of one’s passing, and commutation rights, which provide emergency liquidity.
  • Stability: IncomeSource protects against market volatility with guaranteed cash flow. Western & Southern views itself as “one of the strongest life insurance groups in the industry,” as evidenced by its strong industry ratings for financial strength.

“Income guarantees help individuals attain the financial freedom to relax and enjoy their retirement,” said Mark Caner, President of W&S Financial Group Distributors, Inc. “Similar philosophies, cultures and core values, combined with an extremely high mutual regard for clients, make this a powerful alliance for our respective companies.”

While this is the first Western & Southern annuity offered by Fidelity, the insurer has a wide variety of annuity product offerings designed to meet the unique needs of retirement savers. Fidelity has offered annuity products since 1987, including deferred variable annuities, immediate fixed income annuities, fixed deferred annuities with guaranteed life withdrawals benefits and deferred income annuities, and all are easy-to-understand, and priced transparently and affordably.

Written by Rachel Summit

Follow Rachel, aka Finance Mama, on Twitter and Google+

For more information about the product mentioned in this article contact us here:

Newest Blog Posts

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help. For the fastest response, please select 'Phone' as your Contact Preference.

By providing your information and clicking 'Submit' above, you acknowledge that you have read and agree to this site's privacy policy. You also provide your consent to be contacted at the email address or phone number provided above (including any wireless number) by licensed agents or representatives from or on behalf of AFYI Holdings Group, LLC and other companies to provide the information requested and/or offer annuities or financial products. You understand that these calls or SMS messages may be generated using an automated telephone dialing system, a pre-recorded message, or artificial voice. Consent to receive such messages is not a condition to purchase any goods or services. You may opt out at any time by following the instructions in the messages you receive.  Receiving quotes and information through our website is free, and you are under no obligation to purchase any goods or services as a result of this request. You affirm that you are the subscriber of the provided telephone number or that the subscriber authorized you to provide the number. Message and data rates may apply. AFYI Holdings Group, LLC is committed to respecting your privacy and adhering to all applicable laws and regulations, including the Telephone Consumer Protection Act (TCPA).