Fidelity Investments Variable Annuity Account I

10/30/2026 | Press release | Distributed by Public on 10/30/2026 07:03

Prospectus by Investment Company (Form 497)

SUPPLEMENT 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

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Fidelity Investments Variable Annuity Account I published this content on October 30, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 30, 2026 at 13:04 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]