Well known for its Elk Logo, The Hartford Life Insurance Company provides 10-, 15-, 20- and 30-year term life insurance policies. In addition to Term Life, like many life insurance companies, The Hartford also provides a variety of Permanent Life insurance products to individuals and businesses.
What does 1x salary mean?
AT A GLANCE: • A cash benefit of 1 times your base annual salary to your loved ones in the event of your death, plus an additional 1 times salary cash benefit if you die in an accident.
When did Hartford annuities go out of business?
Hartford Annuities was king of the hill in the U.S. annuity market for most of the 1990s and early 2000s. They suffered grave damage in 2008, as the Great Recession rolled in. Hartford Annuities announced it was exiting the annuity business in March 2012 and were officially sold in May 2018.
Where can I Find my Hartford annuity balance?
You can hear your automated Hartford Annuity Account Balance 24 hours a day, 7 days a week by calling 1-888-488-2228. You can download other important Hartford Annuity Forms at Talcott Resolution Annuity Service Center. Do You Need a Hartford Annuity to Assist You?
Who is the beneficiary of a variable annuity when the owner dies?
For most variable annuities, beneficiaries receive at least the original amount the owner contributed. For fixed annuities, the beneficiary receives the present value of payments. For some immediate annuities, such as a lifetime immediate income annuity without term certain, the insurance company keeps the money when the owner dies.
What are the distribution options for an inherited annuity?
They are sometimes used by retirees to secure a reliable income in retirement. Some annuities payments can be left to a beneficiary after death if money remains. Distribution options will vary depending on if you are the surviving spouse or someone other than the surviving spouse.
