The Hartford Launches Fixed Index Annuities For Risk-Averse Retirement Savers
December 4, 2011 by N/A
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Business Wire, Inc. |
The Hartford Saver SolutionSM and Saver Solution ChoiceSM expand The Hartford’s annuity product line to meet a broader range of consumer needs
SIMSBURY, Conn.–(BUSINESS WIRE)– The Hartford has introduced two fixed index annuities that allow risk-averse investors to build retirement assets in the face of historically low interest rates. The new annuities represent an expansion of The Hartford’s annuity product line as part of a strategy to create an “all weather” product portfolio to meet a wide range of consumer needs.
“The Hartford’s new fixed index annuities are designed to help consumers stay positive, both financially and emotionally, in uncertain economic times,” said Steven Kluever, vice president of product development and marketing for annuities. “The product line is the latest building block in our all-weather annuity product line.”
The new products, The Hartford Saver Solution and The Hartford Saver Solution Choice, position The Hartford to take advantage of a fast-growing $30 billion market, according to Kluever. The Hartford’s fixed index annuities were created with an eye towards making them easy to understand and transparent, according to Kluever.
The new fixed index annuities are designed for consumers who want the potential to earn higher interest rates than are currently available, but are fearful of losing money due to a volatile stock market. The annuities offer principal protection with the potential to earn interest from three interest crediting options, two of which are based in part on the performance of an equity index or indices. All three methods offer growth potential through interest crediting without the threat of investment losses, since clients do not invest in any securities.
The new annuities will be distributed through The Hartford’s wholesaling team as well as WealthVest Marketing, a San Francisco-based advanced marketing firm that specializes in the distribution of fixed and fixed-index annuities.
“We are very excited about the relationship with The Hartford to distribute their fixed index annuity products through their broker-dealer relationships,” said Lincoln Collins, president, WealthVest Marketing, Inc. “The Hartford, with its track record of quality products and service, will be a welcome entrant into the fixed index annuity market.”
“The introduction of the Saver Solution fixed index annuities and the expansion of our distribution system underscore our commitment to the annuity marketplace,” said David Lacusky, vice president of sales and distribution for The Hartford’s annuities. “We’re delivering innovative new products and enhancing existing products to meet the evolving income needs of Americans as they prepare for and live in retirement.”
About The Hartford
The Hartford Financial Services Group Inc. (NYSE: HIG) is a leading provider of insurance and wealth management services for millions of consumers and businesses worldwide. The Hartford is consistently recognized for its superior service and as one of the world’s most ethical companies. More information on the company and its financial performance is available at www.thehartford.com. Join us on Facebook at www.facebook.com/TheHartford. Follow us on Twitter at www.twitter.com/TheHartford.
All guarantees are based on the claims-paying ability of the issuing company.
“The Hartford” is The Hartford Financial Services Group, Inc. and its subsidiaries, including the issuing companies of Hartford Life Insurance Company and Hartford Life and Annuity Insurance Company.
You should carefully consider the objectives, interest crediting strategies, risks and charges of The Hartford Saver Solution Choice before purchasing. This and other information can be found in The Hartford Saver Solution Choice Fixed Index Annuity Disclosure Statement, which can be obtained by calling 800-862-6668. Please read it carefully before sending money.
Hartford Saver Solution® is a single-premium fixed index annuity issued by Hartford Life Insurance Company, Simsbury, CT., LA-FIA-A-11, LA-FIA-B-11.
Hartford Saver Solution Choice® is a single-premium fixed index annuity issued by Hartford Life and Annuity Insurance Company, Simsbury, CT., LA-FIA-A-11, LA-FIA-B-11, LA-FIA-A-11(NC), LA-FIA-A-11(D), LA-FIA-B-11(ID).
The product and its features may not be available in all states and are subject to change.
WealthVest Marketing is neither a subsidiary nor an affiliate of The Hartford.
The Hartford
David Potter, 860-843-8993
David.potter@thehartford.com
Source:The Hartford Financial Services Group Inc.
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