AIM Funds Added to Hartford Leaders Variable Annuity Product Suite.
SIMSBURY, Conn.--(BUSINESS WIRE)--Oct. 10, 2001
A I M Distributors, Inc., the retail marketing subsidiary of A I M Management Group Inc. (AIM), and Hartford Life have teamed up to include AIM V.I. Funds in the Hartford Leaders Variable Annuity product suite. AIM is an indirect subsidiary of AMVESCAP PLC (NYSE:AVZ). Hartford Life is a member of The Hartford Financial Services Group, Inc. (NYSE:HIG).
AIM V.I. Funds make-up nine of the 38 investment choices offered through Hartford Leaders Variable Annuity, which has become one of Hartford Life's best sellers since its introduction in 1999 and is one of the top 10 best-selling annuities on the market according to the Variable Annuity Research Data Service (VARDS), June 2001. Hartford Leaders Variable Annuity suite of products, which includes investment choices managed by The American Funds(SM) , Franklin Templeton(R), and MFS(R), as well as AIM(R), is sold only through brokers, insurance agents and other financial professionals.
This alliance brings together two recognized leaders in financial services: Hartford Life, the number one provider of individual variable annuities in the U.S.(1), and AIM, one of the nation's largest and most successful mutual fund companies(2). The two companies share a philosophy that investors can benefit significantly from the advice and guidance of a financial professional.
"The addition of the AIM funds to Hartford Leaders Variable Annuity product suite is part of our overall effort to focus on the needs of financial professionals and investors," said John Walters, executive vice president for Hartford Life's investment products. "The AIM funds build on our premier lineup of funds and fund managers. This product enhancement, coupled with our broad access to distribution and superior customer service creates a distinct competitive advantage."
"AIM is extremely pleased with the inclusion of nine of our premier funds into the Hartford Leaders Variable Annuity product suite," said Mark Santero, senior vice president and director of AIM's Alliance Products Division. "We look for this program to be one of the driving forces in the industry for years to come."
The nine investment choices included are: AIM V.I. Aggressive Growth Fund, AIM V.I. Basic Value Fund, AIM V.I. Blue Chip Fund, AIM V.I. Capital Appreciation Fund, AIM V.I. Dent Demographic Trends Fund, AIM V.I. Government Securities Fund, AIM V.I. International Equity Fund, AIM V.I. Mid Cap Equity Fund, and AIM V.I. Value Fund.
Hartford Leaders Variable Annuity is wholesaled by Hartford Leaders Group, a division of PLANCO, The Hartford's wholly-owned wholesaling subsidiary in Paoli, Penn.
AIM was founded in 1976 and ranks as the nation's seventh-largest mutual fund complex, according to independent mutual fund monitor Strategic Insight, with approximately $171 billion in assets under management and 9.5 million shareholders as of June 30, 2001. AMVESCAP PLC had $408 billion in assets under management as of June 30, 2001.
Through its issuing companies, Hartford Life offers a comprehensive portfolio of fixed and variable annuities, life insurance coverages, group benefits, group retirement plans, and institutional investment products. The Hartford Mutual Funds offers a comprehensive portfolio of mutual funds which are sponsored by The Hartford Financial Services Group, Inc. Hartford Life is a member of The Hartford Financial Services Group, Inc., (NYSE:HIG), one of the largest insurance and financial services operations in the United States, with 2000 revenues of $14.7 billion.
Note to editors -- We are required to include the following information with our news release:
Certain statements made in this release should be considered forward looking information as defined in the Private Securities Litigation Reform Act of 1995 and are not guarantees of future performance. Actual results may differ materially. Hartford Life cautions investors to consider the potential uncertainties and risks that may affect future performance and that are discussed in readily available documents, including the company's annual report on Form 10-K and other documents filed with the Securities and Exchange Commission.
Hartford Leaders variable annuities products are flexible premium variable annuities issued by Hartford Life Insurance Company, Simsbury, Conn., and Hartford Life and Annuity Insurance Company, Simsbury, Conn., and underwritten and distributed by Hartford Securities Distribution Company, Inc.
For more complete information on Hartford Leaders variable annuity products, which include AIM V.I. funds, including charges and expenses, obtain a prospectus from your investment representative or call 800/862-6668 or visit www.HartfordInvestor.com. Please read it carefully before you invest or send money.
Hartford Life's Internet address is http://www.thehartford.com
(1) VARDS, 2001. Based on retail sales.
(2) Strategic Insight, 2001.