Secure a stream of income that s guaranteed 1 for life.

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1 Secure a stream of income that s guaranteed 1 for life. Dear Investor: Thank you for your interest in Fidelity Freedom Lifetime Income 2 annuity. This variable income annuity can help you reduce the risk of outliving your retirement savings by providing: Guaranteed 1 income with growth potential you have the option of providing income for you or you and your spouse. The power of professional management Fidelity s single-fund solutions let you take advantage of automatic diversification and professional money management. Flexible payment options choose when and how often you receive your income payments. Low costs 3 which may mean more of your money will go to generating income and less to paying fees. If you have questions on how the Fidelity Freedom Lifetime Income annuity can help strengthen your retirement income plan, call Fidelity at , or visit Fidelity.com/annuities to learn more. Sincerely, Alan Dull Vice President Insurance products are issued by Fidelity Investments Life Insurance Company (FILI) and, in New York, by Empire Fidelity Investments Life Insurance Company, New York, N.Y. FILI is licensed in all states except New York. The contract s fi nancial guarantees are solely the responsibility of the issuing insurance company. Before investing, consider the investment objectives, risks, charges, and expenses of the annuity and its investment options. Call or write to Fidelity or visit Fidelity.com for a free prospectus containing this information. Read it carefully. Principal value, income payments, and investment returns of a variable annuity will fluctuate and you may have a gain or loss when money is received. 1 Guarantees are subject to the claims-paying ability of the issuing insurance company. 2 In New York, Freedom Lifetime Income. 3 According to data based on Morningstar, Inc., Fidelity Freedom Lifetime Income s annual annuity charge of 0.60% is signifi cantly lower than that of the industry s average annual annuity charge of 1.20% for immediate variable contracts as of 12/31/08. Underlying fun expenses also apply. Fidelity Freedom Lifetime Income (Policy Form Nos. FFLI-Q-2005, et al., and FFLI-NQ-2005, et al.) is issued by Fidelity Investments Life Insurance Company. Freedom Lifetime Income (Policy Form Nos. EFLI-Q-2005, et al., and EFLI-NQ-2005, et al.) is issued by Empire Fidelity Investments Life Insurance Company, New York, N.Y. Fidelity Brokerage Services, Member NYSE, SIPC, and Fidelity Insurance Agency, Inc., are the distributors

2 Fidelity Freedom Lifetime Income Annuity 1 TURN RETIREMENT SAVINGS INTO A LIFETIME OF INCOME.

3 An important part of your retirement plan You ve made a smart choice to consider a Fidelity annuity to help you get income guaranteed 2 for life. Whatever your retirement goals, the Fidelity Freedom Lifetime Income annuity can help give you the freedom to live the life you envision.

4 Fidelity Freedom Lifetime Income Secure a stream of income that s guaranteed 2 for life. The Fidelity Freedom Lifetime Income annuity can help you reduce the risk of outliving your retirement savings by providing income that will last for the rest of your life. Your income will also have the potential to grow over time to help keep pace with inflation. This variable income annuity provides: Guaranteed lifetime income with growth potential you have the option of providing income for just your lifetime or for the lifetime of both you and your spouse. Flexible payment options choose to receive income payments annually, semiannually, quarterly, or monthly depending on your individual needs. The power of professional management Fidelity s singlefund solutions let you take advantage of automatic diversifi cation and professional money management. By choosing an allocation or age-based, single-fund solution, it takes the guesswork out of making investment decisions. With these portfolios, 3 fund managers make the investing choices, monitor the results, and maintain each portfolio s target asset mix. Optional withdrawal features if you purchase your annuity with pretax money, such as from a 401(k) or IRA, you may be eligible to take up to two partial withdrawals 4 a year. This optional feature can provide you peace of mind knowing you have access to your assets in case of an emergency. Protection for your benefi ciaries you can add a guarantee period 5 to your income annuity, which ensures that your beneficiaries will receive any remaining income payments for a specified period of time typically from 5 to 45 years. A low-cost annuity that may mean more income because our low annual annuity charge of 0.60% 6 is significantly lower than the industry average of 1.20%, more of your money will go to generating income and less to paying fees. 1 In New York, Freedom Lifetime Income. 2 Guarantees are subject to the claims-paying ability of the issuing insurance company. 3 If you choose to invest in Fidelity VIP Freedom Lifetime Income or Fidelity VIP FundsManager portfolios, please note that their performance depends on that of their underlying Fidelity and Fidelity VIP funds. These portfolios are subject to the volatility of the fi nancial markets in the U.S. and abroad, and may be subject to the additional risk associated with investing in high-yield, small-cap, and foreign securities. These portfolios and fund investment services portfolios are managed by Strategic Advisers, Inc., a subsidiary of FMR LLC. 4 Restrictions may apply; refer to the prospectus for details. 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. Taking a withdrawal will impact the amount of future payments that you will receive. 5 A guarantee period for qualifi ed dollars cannot exceed life expectancy as determined by IRS tables. 6 According to data based on Morningstar, Inc., Fidelity Freedom Lifetime Income s annual annuity charge of 0.60% is signifi cantly lower than that of the industry s average annual annuity charge of 1.20% for immediate variable contracts as of 12/31/2008. Underlying fund expenses also apply.

5 Investing solutions made easy. Investing in the Fidelity Freedom Lifetime Income variable income annuity is simple. Just choose a portfolio based on your individual needs and let Fidelity do the rest. Fidelity VIP Freedom Lifetime Income Portfolios 7 Simply pick the portfolio that corresponds to the decade in which you were born 8 and Fidelity s professionals do the rest. The allocation of each portfolio which invests in a combination of underlying Fidelity VIP equity, fixed-income, and short-term funds is adjusted over time to help maximize your income potential, as well as help minimize downside risk throughout your retirement. The Fidelity VIP Freedom Lifetime Income funds are managed to gradually become more conservative over time as they approach their ultimate target asset allocation. Fidelity VIP Freedom Lifetime Income II and III are expected to ultimately merge with Fidelity VIP Freedom Lifetime Income I. As with all funds in Fidelity Freedom Lifetime Income, principal invested is not guaranteed at any time, including when or after the funds reach their ultimate target asset allocation. You can choose from the following investment options: Fidelity VIP Freedom Lifetime Income I Portfolio 9 if you were born in 1939 or earlier Fidelity VIP Freedom Lifetime Income II Portfolio 10 if you were born in the 1940s Fidelity VIP Freedom Lifetime Income III Portfolio 11 if you were born in the 1950s or later Fidelity VIP FundsManager Portfolios 3 Unlike a fund that typically invests in stocks or bonds, each Fidelity VIP FundsManager Portfolio is a diversified portfolio made up of carefully selected funds. By choosing a portfolio you can potentially provide a complete asset allocation investment strategy for your variable annuity assets. Each portfolio strives to provide reduced volatility through diversification. The portfolios are named according to the equity fund allocations in each. The fund you choose will depend on your tolerance for risk and your ability to adjust to fl uctuations in value. If your risk tolerance changes over time, you can select a different portfolio that better suits your new perspective. Simply choose from one of the investment options listed below: Fidelity VIP FundsManager 20% Portfolio Fidelity VIP FundsManager 50% Portfolio Fidelity VIP FundsManager 60% Portfolio Fidelity VIP FundsManager 70% Portfolio Fidelity VIP FundsManager 85% Portfolio 7 The Fidelity VIP Freedom Lifetime Income portfolios are subject to the volatility of the fi nancial markets, including equity and fi xed-income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small-cap, and foreign securities. 8 This is only a guide. Customers should evaluate their own circumstances before selecting a fund. 9 In New York, Lifetime Income I Portfolio. 10 In New York, Lifetime Income II Portfolio. 11 In New York, Lifetime Income III Portfolio. Before investing, consider the investment objectives, risks, charges, and expenses of the annuity and its investment options. Call Fidelity or visit Fidelity.com for a free prospectus containing this information. Read it carefully. Principal value, income payments, and investment returns of a variable annuity will fl uctuate, and you may have a gain or loss when money is received.

6 Fidelity Freedom Lifetime Income Annuity Quick Facts A low-cost variable income annuity 6 Low annual annuity charge of 0.60% No initial sales charges or annual maintenance fees How to fund your annuity Tax-free transfer from a qualified 401(k) plan, IRA, or other employer-sponsored plan Use money from your current savings, bonus, or inheritance Exchange an existing annuity to Fidelity tax free with a 1035 exchange 12 $25,000 minimum purchase amount Income options Provide income for the rest of your life with a single lifetime annuity Provide lifetime income for you and your spouse with a joint annuity An optional guarantee period that helps ensure your beneficiaries will continue to receive income payments from the annuity for a certain length of time An optional withdrawal feature that allows up to two partial withdrawals 13 per year if you purchase your annuity with pretax assets Investment options Fidelity VIP Freedom Lifetime Income portfolios Fidelity VIP FundsManager portfolios Can be invested in only one portfolio at any time Payment options Receive your income payment by check or have it directly deposited Choose to receive income payments annually, semiannually, quarterly, or monthly Select either the 1st or the 15th of the month for the payment calculation date Go to Fidelity.com/annuities to View informative videos Explore our interactive tools Learn more about your investment options Get started today! Contact a Fidelity Representative at or visit a Fidelity Investor Center. 12 Before exchanging, check with your current provider to see if it will assess a surrender charge. Consider the existing benefi ts and features you may lose in an exchange, which may be of particular importance in poor market conditions. 13 Restrictions may apply; refer to the current prospectus. The withdrawal option is not available in all states and is not applicable for nonqualifi ed funds. You may not select both the withdrawal feature and the guaranteed period. Withdrawals of taxable amounts from an annuity are subject to ordinary income tax, and, if taken before age , may be subject to a 10% IRS penalty. Taking a withdrawal will impact the amount of future payments that you will receive. Diversifi cation does not ensure a profi t or protect against loss in a declining market.

7 Whatever your destination, Fidelity has the people, guidance and investments to help you fi nd your way. For help with all your annuity needs, contact us today. Fidelity.com/annuities Fidelity Investor Center Insurance products are issued by Fidelity Investments Life Insurance Company (FILI) and, in New York, by Empire Fidelity Investments Life Insurance Company, New York, N.Y. FILI is licensed in all states except New York. The contract s financial guarantees are solely the responsibility of the issuing insurance company. Before investing, consider the investment objectives, risks, charges, and expenses of the annuity and its investment options. Call Fidelity or visit Fidelity.com for a free prospectus containing this information. Read it carefully. Principal value, income payments, and investment returns of a variable income annuity will fluctuate, and you may have a gain or loss when money is received. Fidelity Freedom Lifetime Income (Policy Form Nos. FFLI-Q-2005, et al., and FFLI-NQ-2005, et al.) is issued by Fidelity Investments Life Insurance Company. Freedom Lifetime Income (Policy Form Nos. EFLI-Q-2005, et al., and EFLI-NQ-2005, et al.) is issued by Empire Fidelity Investments Life Insurance Company. Fidelity Brokerage Services, Member NYSE, SIPC, and Fidelity Insurance Agency, Inc., are the distributors FMR LLC. All rights reserved FFLI-eKit