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November 18, 2009, Featured Articles, Company/Trade Group News, Annuities
Fidelity Outsources GWB Production to MetLife
The living benefit guarantees became too expensive for FILI, Fidelity's life insurer, to underwrite cost-effectively.
Fidelity Investments has replaced its successful Fidelity Growth and Guaranteed Income variable annuity with a new contract that's similar in name, less risky to the company, more expensive for investors and has a different underwriter: MetLife.
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