Hartford Life Insurance Co.
Hartford Hartford, city (1990 pop. 139,739), state capital, Hartford co., central Conn., on the west bank of the Connecticut River; settled as Newtown 1635–36 on the site of a Dutch trading post (1633; abandoned 1654), inc. 1784. Life Insurance Co. has created for its variable annuities Variable annuities
Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. Principal First Preferred, a guaranteed minimum withdrawal benefit that
costs less than Principal First, its original withdrawal rider. The new
rider guarantees withdrawals of up to 5% a year of premium for an annual
charge of 20 basis points. Principal First guarantees up to 7%
withdrawals at a cost of 50 basis points.
COPYRIGHT 2005 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion