The Federal Trade Commission does not insure annuities from any company because these financial instruments are based on life insurance and not deposits. If Fidelity became insolvent, annuity payments might not be guaranteed. However, Fidelity has a longstanding solid financial record with over $3,803.8 billion in retirement assets under the company’s administration. If you need an option that is FDIC-insured, consider Fidelity’s certificates of deposit (CDs) to protect assets from market volatility with a guaranteed rate of return.