Form 497VPU FIDELITY INVESTMENTS
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E-mailSUPPLEMENT DATED NOVEMBER 1, 2026
TO THE UPDATING SUMMARY PROSPECTUS AND STATUTORY
PROSPECTUS DATED APRIL 30, 2026
OF FIDELITY FREEDOM LIFETIME INCOME®
ISSUED BY FIDELITY INVESTMENTS LIFE INSURANCE COMPANY (“FILI”)
This supplement should be read, retained, and used in conjunction with the Updating Summary Prospectus and Statutory Prospectus (collectively, the “Prospectuses”) of Fidelity Freedom Lifetime Income®.
Effective November 1, 2026, current expenses for the Fidelity VIP Freedom Lifetime Income Portfolios have changed.
The information in APPENDIX A: FUNDS AVAILABLE UNDER THE CONTRACT relating to the Fidelity Lifetime Income Portfolios is replaced with the following:
| Investment Objective |
Fund & Adviser/Subadviser |
Current Expenses |
Average Annual Total Returns (as of 12/31/25) | |||||||
| 1 year | 5 year | 10 year | ||||||||
| Seeks high total return with a secondary objective of principal preservation as the fund approaches its ultimate target asset allocation and beyond | Fidelity VIP Freedom Lifetime Income I
Adviser: Fidelity Management & Research Company LLC |
0.37% | 9.70% | 2.32% | 4.36% | |||||
| Seeks high total return with a secondary objective of principal preservation as the fund approaches its ultimate target asset allocation and beyond | Fidelity VIP Freedom Lifetime Income II
Adviser: Fidelity Management & Research Company LLC |
0.39% | 10.90% | 3.32% | 5.86% | |||||
| Seeks high total return with a secondary objective of principal preservation as the fund approaches its ultimate target asset allocation and beyond | Fidelity VIP Freedom Lifetime Income III
Adviser: Fidelity Management & Research Company LLC |
0.46% | 13.62% | 4.94% | 7.50% | |||||
More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at www.dfinview.com/Fidelity/PUFT/FFLI. You can also request this information at no cost by calling 1-800-634-9361 or by sending an email request to [email protected].
THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE
If you have questions, or if you would like to discuss allocation options, please contact a Fidelity Annuity Service Specialist at 800-634-9361, Monday through Friday, 8:30 a.m. to 7:30 p.m. Eastern time.
| FFLI 26-01 |
Page 1 of 1 | 1.9923744.100 |
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