The Hartford Enhances Variable Annuity Suite

The Hartford is introducing three personal protection options as a part of its Hartford’s Personal Retirement Manager variable annuity suite. The new features are designed to provide a range of solutions to meet customers’ retirement accumulation, income and legacy needs.

Building on the Personal Retirement Manager variable annuity, The Hartford has added Future6, a lifetime guaranteed minimum withdrawal benefit; Future5, a lifetime guaranteed minimum withdrawal benefit; and Safety Plus, a 10-year guaranteed minimum accumulation benefit.

The Hartford say Future6 and Safety Plus introduce the Personal Protection Portfolios, which are required asset-allocation models that provide access to investment managers, while helping reduce the volatility of a consumer’s investment portfolio through various market environments. The product also offers legacy protection through two optional death benefit options.

The product enhancements are part of a series of investments The Hartford says it is making in its annuity business to better serve clients and support growth. In 2011, The Hartford has bolstered technology capabilities, added sales professionals, brought on a new product and marketing leader, and launched a new annuity-focused advertising campaign.

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