Fidelity Investments Introduces New Annuity.
M2 EQUITYBITES-October 17, 2017-Fidelity Investments Introduces New Annuity
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Fidelity Investments[R] has announced the addition of IncomeSource[R], a Single Premium Immediate Annuity underwritten by two Western & Southern Financial Group ("Western & Southern") member companies, to the Fidelity Insurance Network[R], the company said.
The first Western & Southern annuity to be offered in Fidelity's product line-up, it enables individuals to convert a lump sum into guaranteed1 income for as long as they choose -- either for life or for a specific period of time.
Although this is the first Western & Southern annuity to be offered by Fidelity, the Fidelity Insurance Network[R] also makes available a broad variety of annuity products designed to help people increase savings, protect savings, or guarantee1 income for life. Fidelity has offered annuity products since 1987 that are easy-to-understand, high value and priced transparently and affordable. The product offering includes deferred variable annuities, immediate fixed income annuities, fixed deferred annuities with guaranteed life withdrawal benefits and deferred income annuities.
Fidelity's mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of USD 6.4 trillion, including managed assets of USD 2.3 trillion as of August 31, 2017, we focus on meeting the unique needs of a diverse set of customers: helping more than 26 million people invest their own life savings, 23,000 businesses manage employee benefit programs, as well as providing more than 12,500 financial advisory firms with investment and technology solutions to invest their own clients' money. Privately held for 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit www.fidelity.com/about.
Founded in Cincinnati in 1888 as The Western and Southern Life Insurance company, Western & Southern Financial Group, Inc. (Western & Southern), a Fortune 500 company, is now the parent company of a group of diversified financial services businesses. Its assets owned (USD 46.5 billion) and managed (USD 22 billion) total USD 68.5 billion as of June 30, 2017.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Oct 17, 2017|
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