Fidelity Investments Life Insurance Company is offering "target date" and "target risk" investment funds for holders of many of its annuity contracts.
Fidelity Investments Life, a unit of Fidelity Investments, Boston, is building the new Fidelity Variable Insurance Products FundsManager program into many of its contracts, to give annuity holders a choice between funds managed to suit their anticipated retirement dates and funds managed to fit certain types of investors or asset-allocation preferences, according to Fidelity Investments Life.
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