Hartford revamps products to address concerns. (Marketplace: Life/Health).
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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|Article Type:||Brief Article|
|Date:||Dec 1, 2002|
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