09/20/2024 | Press release | Distributed by Public on 09/20/2024 09:21
1.
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Under "IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACTS"
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VCA 2
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Annual Fee
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Minimum | Maximum | ||
Base Contract*, **
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0.375% | 0.375% | ||
Investment options
(Portfolio fees and expenses)***
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0.09% | 0.09% | ||
* As a percentage of average account value.
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** "Base Contract" consists of the mortality and expense risk fee and the annual account fee of up to $30 (which rounds to less than 0.01%). In certain instances we do not charge the annual account fee or the mortality and expense risk fee.
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*** "Investment options" denotes expenses that are deducted from Fidelity Fund assets, including investment management fees and other expenses.
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Lowest Annual Cost
$467
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Highest Annual Cost
$467
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Assumes:
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Assumes: | |
• Investment of $100,000
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• Investment of $100,000
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• 5% annual appreciation
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• 5% annual appreciation
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• Least expensive combination of Contract Classes and Fidelity Fund fees and expenses
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• Most expensive combination of Contract Classes and Fidelity Fund fees and expenses
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• No sales charges
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• No sales charges
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• No additional Contributions, transfers or withdrawals
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• No additional Contributions, transfers or withdrawals
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2.
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Under "FEE TABLE"
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Annual Fidelity Fund Expenses
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Minimum
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Maximum
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(expenses that are deducted from Portfolio assets, including
management fees, distribution and/or service
(12b-1)
fees, and
other expenses)
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0.09% | 0.09% |
If you surrender your investment in the Contract at the end of the applicable time period: |
1 year
$2,995
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3 years
$4,048
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5 years
$5,192
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10 years
$8,509
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If you annuitize at the end of the applicable time period: |
1 year
$2,995
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3 years
$4,048
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5 years
$5,192
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10 years
$8,509
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If you do not surrender your investment in the Contract: |
1 year
$2,995
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3 years
$4,048
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5 years
$5,192
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10 years
$8,509
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3.
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Under "APPENDIX A: PORTFOLIO AVAILABLE UNDER THE CONTRACT"
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Investment Objective
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Portfolio Name and
Adviser/Subadviser
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Current
Expenses
(Initial
Class) |
Average Annual Total Returns
(as of 12/31/2023) (Initial Class)
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1 year
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5 year
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10 year
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Investment results that correspond to the total return of common stocks publicly traded in the United States, as represented by the S&P 500
®
Index.
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Fidelity VIP Index 500 Portfolio
• Adviser: Fidelity Management & Research Company LLC
• Subadviser: Geode Capital Management, LLC
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0.09% | 26.19% | 15.56% | 11.92% |