FIDELITY INVESTMENTS PLANS to soon start offering a type of variable annuity that provides income immediately, according to insurance industry executives.

The move by the Boston-based mutual funds giant is sure to boost the popularity of the product and inspire other companies to embrace it, said R. H. " Rick" Carey, publisher of the Variable Annuities Research Data Service Report.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.