09/20/2024 | Press release | Distributed by Public on 09/20/2024 09:28
1.
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Under "IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACTS"
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VCA 10
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Annual Fee
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Minimum | Maximum | ||||
Base Contract*, **
Investment options (Portfolio fees and expenses)*** |
0.20% | 0.75% | ||||
0.09% | 0.09% | |||||
* As a percentage of average account value.
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** "Base Contract" consists of the administrative expenses fee (0.75% for Class I, 0.25% for Class II, and 0.20% for Class III) and the annual account charge of up to $30 (0.01%).
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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
$280
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Highest Annual Cost
$813
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Assumes: | 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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VCA 10 - 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, andother expenses) |
0.09% | 0.09% |
VCA 10
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If you surrender your investment in the Contract at the end of the applicable time period: |
1 year
$891
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3 years
$2,781
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5 years
$4,824
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10 years
$10,691
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If you annuitize at the end of the applicable time period: |
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1 year
$891
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3 years
$2,781
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5 years
$4,824
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10 years
$10,691
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If you do not surrender your investment in the Contract: |
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1 year
$891
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3 years
$2,781
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5 years
$4,824
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10 years
$10,691
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3.
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Under "APPENDIX A: PORTFOLIOS AVAILABLE UNDER THE CONTRACT"
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Investment Objective
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Portfolio Name and
Adviser/Subadviser |
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% |