Form 497VPI FIDELITY INVESTMENTS

SUPPLEMENT DATED NOVEMBER 1, 2026

TO THE SUMMARY PROSPECTUS, UPDATING SUMMARY PROSPECTUS AND STATUTORY PROSPECTUS DATED APRIL 30, 2026

OF FIDELITY PERSONAL RETIREMENT ANNUITY^®

ISSUED BY FIDELITY INVESTMENTS LIFE INSURANCE COMPANY (“FILI”)

This supplement should be read, retained, and used in conjunction with the Summary Prospectus, Updating Summary Prospectus, and Statutory Prospectus (collectively, the “Prospectuses”) of Fidelity Personal Retirement Annuity^®.

Effective November 1, 2026, current expenses for the Fidelity^® VIP Investor Freedom Portfolios have changed.

The information in APPENDIX A: FUNDS AVAILABLE UNDER THE CONTRACT relating to the Fidelity^® VIP Investor Freedom^SM Portfolios is replaced with the following:

Effective November 14, 2026, we are discontinuing the ability to fund Purchase Payments to the Contract from a Fidelity mutual fund account.

All references to a Fidelity mutual fund account have been removed.

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/FPRA. 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.