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Hartford revamps products to address concerns. (Marketplace: Life/Health).

Hartford Life Insurance Co. has moved to allay customer concerns about both the bear market and common product design.

The Simsbury, Conn.-based insurer announced it would eliminate mortality-and-expense charges on four newly issued and in-force variable and variable universal life products after the 20th policy year. It also announced a new optional guarantee, Principal First, that would allow investors to get back, while alive, at least as much as they invested in a Hartford Life variable annuity contract as long as they adhered to certain restrictions.

A new optional feature on variable universal life insurance policies guarantees death-benefit protection for up to a lifetime regardless of the performance of the investment options.
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Title Annotation:Brief
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 1, 2002
Words:113
Previous Article:American Life Insurance Co. launches annuity with no insurance fees. (Marketplace: Life/Health).
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