We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Blog + Articles

Categories

  • Industry Articles (12,697)
  • Industry Conferences (2)
  • Industry Job Openings (16)
  • Negative Media (127)
  • Positive Media (73)
  • Sheryl's Articles (469)
  • Sheryl's Blogs (144)
  • Wink's Articles (187)
  • Wink's Blogs (158)
  • Wink's Press Releases (74)
  • Blog Archives

  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • Fidelity Investments® Announces New Investment Solution: a Variable Annuity Providing Principal Protection and Growth Potential Developed with New York Life

    May 7, 2019 by Fidelity Investments

    BOSTON–(BUSINESS WIRE)–Fidelity Investments® today announced the launch of a new deferred variable annuity product that provides investors with growth potential while ensuring guaranteed principal protection. Developed with New York Life, the New York Life Premier Variable Annuity—P Series, with Investment Preservation Rider—P Series also offers market participation with downside protection through a simpler product design relative to other annuities currently offered in the marketplace.

    “We want to offer investors a product that is simple and easy to understand, while also providing confidence during periods of market volatility,” said Bill Johnson, president of Fidelity Investments Life Insurance Company.

    In fact, a study recently conducted by Cannex on behalf of New York Life confirms that this type of annuity can provide a competitive guarantee relative to other products protecting investors’ principal from loss, while still allowing a chance for growth. In addition, the new product has the added benefit of having an easy to understand pricing structure, as well as a potentially higher upside to market participation.

    “We’ve observed there is a fundamental disconnect between pre-retirees’ risk tolerance and risk need. Fear of losing their hard-earned nest eggs has driven their underinvestment in equities, leaving many to fall short of their retirement goals,” said Dylan Huang, senior managing director & head of Retail Annuities, New York Life. “This new solution empowers clients to plan for retirement confidently, knowing that 100 percent of the money invested is protected against market declines over a 10-year period.”

    With the introduction of this product, Fidelity Investments and New York Life continue to build on their successful partnership. Fidelity already offers several New York Life annuity products to help investors meet their retirement and investment goals, including the New York Life Guaranteed Lifetime Income Annuity II, New York Life Guaranteed Future Income Annuity II, New York Life Clear Income Fixed Annuity – FP Series, New York Life Guaranteed Period Income Annuity II, and New York Life Secure Term MVA Fixed Annuity IV.

    To learn more about annuities and how they can fit into your overall financial plan, visit https://www.fidelity.com/annuities/overview or speak with a Fidelity annuity planning consultant directly at 800-345-1388.

    About Fidelity Investments
    Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $7.4 trillion, including managed assets of $2.7 trillion as of March 31, 2019, we focus on meeting the unique needs of a diverse set of customers: helping more than 30 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 financial advisory firms with investment and technology solutions to invest their own clients’ money. Privately held for more than 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.

    Before investing, consider the investment objectives, risks, charges, and expenses of the annuity and its investment options. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

    Investing in a variable annuity involves risk of loss—investment returns and contract value are not guaranteed and will fluctuate.

    The Investment Preservation Rider (IPR) does not protect the account value from day-to-day market fluctuations or against losses that could be realized before the completion of the holding period. That means the rider will not provide a benefit if the policy is not held for the entire holding period after it is elected or reset. Withdrawals reduce the IPR guaranteed amount proportionally, which may be more than the actual dollar amount withdrawn; so the rider is not intended for clients who anticipate taking substantial withdrawals (including IRS required minimum distributions) before the completion of the IPR holding period.

    Tax-qualified plans already provide tax deferral; a variable annuity will not provide additional tax advantages. As variable annuities offer investment and insurance features, they may be subject to fees to which other tax-qualified funding vehicles are not.

    Withdrawals of taxable amounts from an annuity are subject to ordinary income tax and, if taken before age 59½, may be subject to a 10% IRS penalty. Surrender charges may also apply.

    Issuing company: New York Life Insurance and Annuity Corporation (“NYLIAC”), a Delaware Corporation. NYLIFE Distributors LLC, a limited liability company organized under Delaware law and member FINRA/SIPC, is the wholesale distributor and underwriter for these products. Both NYLIAC and NYLIFE Distributors LLC are wholly owned subsidiaries of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. Variable annuities are only offered through properly licensed registered representatives of registered broker dealers. In most jurisdictions, the policy and rider form numbers are as follows (state variations may apply): New York Life Premier Variable Annuity—P Series (ICC18V-P05 or it may be NC18V-P05); Investment Preservation Rider—P Series (ICC18V-R04 or it may be NC18V-R04). Some states may offer this rider under a different name, and benefits may vary.

    Fidelity Brokerage Services, Member NYSE, SIPC, and Fidelity Insurance Agency, Inc., are the distributors; they are not affiliated with any New York Life Insurance Company. The contract’s financial guarantees are solely the responsibility of the issuing company.

    Fidelity Investments and Fidelity are registered service marks of FMR LLC.

    Fidelity Brokerage Services LLC, Member NYSE, SIPC
    900 Salem Street, Smithfield, RI 02917.

    884631.1.0
    © 2019 FMR LLC. All rights reserved

    Contacts

    Corporate Communications
    (617) 563-5800
    fidelitycorporateaffairs@fmr.com

    Ted Mitchell
    ted.mitchell@fmr.com
    (401) 292-3084

    Originally Posted at Business Wire on May 6, 2019 by Fidelity Investments.

    Categories: Industry Articles
    currency