06/12/2019 | News release | Distributed by Public on 06/12/2019 12:43
Coming Soon: USAA annuities available through Fidelity Investments®
As the population of retirees grows, so does the need for high quality, highly competitive retirement income products. Annuities can be an important part of a retirement plan, giving owners the ability to generate guaranteed lifetime income and can help reduce the risk of outliving their money.
USAA Life Insurance Company offers a suite of annuity products to support our members planning for and living in retirement. To further expand the accessibility and awareness of USAA retirement solutions, USAA Life Insurance Company is working with retirement planning leader Fidelity Investments® (Fidelity) to begin offering USAA annuities through the Fidelity Insurance Network® later this year.
'This is an exciting opportunity to expand our annuity business with an industry leader,' says Bill White, vice president and general manager, retirement products. 'This growth will help sustain and further improve the outstanding competitiveness for members who come to USAA for advice, life insurance, annuities and health solutions.'
As one of the featured options of Fidelity's retirement planning solutions, USAA will become only the sixth distributor on The Fidelity Insurance Network, making USAA's highly competitive annuity products available to consumers who previously may not have looked to USAA for their retirement income needs.
To learn more about annuities available through USAA, visit usaa.com/annuities.
Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims-paying ability and financial strength.
Annuities are generally suitable for long-term investing, particularly retirement savings.
An annuity is a long-term insurance contract sold by an insurance company and designed to provide an income, usually after retirement, that cannot be outlived. There are fees, expenses and surrender charges that may apply.
USAA means United Services Automobile Association and its affiliates. Financial advice provided by USAA Financial Advisors, Inc. (FAI), a registered broker-dealer, USAA Investment Management Company (IMCO), a registered broker-dealer and investment adviser, and for insurance, USAA Financial Planning Services Insurance Agency, Inc. (known as USAA Financial Insurance Agency in California, License # OE36312). Investment products and services offered by IMCO and FAI. Life insurance and annuities provided by USAA Life Insurance Co., San Antonio, TX, and in NY by USAA Life Insurance Co of New York, Highland falls, NY. Other life and health insurance from select companies offered through USAA Life General Agency, Inc. (known in CA (license #0782231) and in NY as USAA Health and Life Insurance Agency). Banking products offered by USAA Federal Savings Bank and USAA Savings Bank, both FDIC insured. Trust services provided by USAA Federal Savings Bank.
Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it awards to individuals who successfully complete the CFP Board's initial and ongoing certification requirements.
Fidelity Investments and The Fidelity Insurance Network are registered service marks of FMR LLC.
Fixed annuities available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. These products are distributed by Fidelity Insurance Agency, Inc., and, for certain products, by Fidelity Brokerage Services, Member NYSE, SIPC. A contract's financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company.