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Today, USAA Life Insurance Company and Fidelity Investments® (Fidelity) announced that USAA’s Single Premium Immediate Annuity (SPIA) is now available through the Fidelity Insurance Network®, becoming the first USAA annuity available through a third party.
As the retiree population grows, this offering positions USAA well for the future to provide retirement solutions and ensure that our members and consumers at large have access to solutions that reduce the risk of outliving their savings.
“Today’s announcement represents an exciting expansion of our annuity business,” says Bill White, vice president and general manager, retirement products. “We’ll continue to offer high-quality solutions directly to our members while also reaching new consumers through Fidelity’s vast distribution network. This will allow us to grow and continue investing in our highly-competitive products.”
In addition to this new offering through Fidelity, USAA Life Insurance Company offers a suite of annuity products to support our members planning for and living in retirement. To learn more about annuities available through USAA, visit usaa.com/annuities.
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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.
Single Premium Immediate Annuity (SPIA): Forms ICC18992233P 08-19; 3PD99324CA 08-19; 3PD99325FL 08-19; 3PD99326ST 08-19 (SPIA form varies by state).