SIMSBURY, Conn.–(BUSINESS WIRE)–Retirees who charge to advance for lifetime assets but additionally appetite to bottle a banking bequest for admired ones or a admired alms can now accomplish both through Hartford’s Personal Retirement Manager (PRM) Capricious Accomplishment artefact suite.
“Many bodies accept begin it difficult to accomplish the opposing banking objectives of breeding a lifetime assets and abrogation a bequest through a capricious annuity,” said Steve Kluever, carnality admiral of artefact and business for Global Annuities at The Hartford. “Hartford’s PRM offers options to advice dness this battle and acquiesce consumers to accomplish both active and giving goals, after abusive from either.”
The Hartford’s new Future6 Afterlife Benefit, accessible as an alternative addition on PRM, allows for assets withdrawals that do not abate the afterlife benefit, clashing best capricious accomplishment afterlife benefits, Kluever explained. The amount of the afterlife account is based on the greater of premiums invested or the arrangement amount at the time assets payments start, accouterment the withdrawals do not beat agreed limits, he said.
The Future6 Afterlife Account is accessible back the alternative Future6 Affirmed Minimum Withdrawal Account (GMWB) is additionally elected. Future6 provides affirmed advance of a approaching lifetime assets beck through the greater of a 6 percent anniversary cessation benefit or bazaar acknowledgment step-up. The benefit lasts for up to 10 years while investors adjournment demography assets payments. Achievement step-ups are accessible until age 90, alike while demography income.
Investors who accept the Future6 GMWB are adapted to admeasure their advance in the Personal Protection Portfolios, which are asset allocation models that accommodate admission to a dozen world-class advance managers and advice abate the animation of an advance portfolio through assorted bazaar environments.
As allotment of the enhancements, The Hartford is additionally abbreviation assertive costs associated with PRM.
The Hartford is a baton in the annuities exchange in agreement of assets beneath management, with $78.4 billion in the United States as of Sept. 30, 2011.
“This accessory to PRM represents the aing footfall in adorning our artefact portfolio, and demonstrates The Hartford’s charge to the accomplishment marketplace,” said Rob Arena, arch of Global Annuities for The Hartford. “We see a growing charge for retirement accumulation and assets articles and we accept in the adeptness of annuities to accommodated those needs as America ages.”
About The Hartford
The Hartford Banking Casework Group Inc. (NYSE: HIG) is a arch provider of allowance and abundance administration casework for millions of consumers and businesses worldwide. The Hartford is consistently accustomed for its above account and as one of the world’s best ethical companies. More advice on the aggregation and its banking achievement is accessible at www.thehartford.com. Join us on Facebook at www.facebook.com/TheHartford. Follow us on Cheep at www.twitter.com/TheHartford.
Guarantees are based on the claims-paying adeptness of the arising company. Riders are accountable to added charges. State availability may vary, and advance restrictions may apply.
“The Hartford” is The Hartford Banking Casework Group, Inc. and its subsidiaries, including the arising companies of Hartford Life Allowance Aggregation and Hartford Life and Accomplishment Allowance Company.
You should anxiously accede the advance objectives, risks, and accuse and costs of any capricious arrangement afore investing. This and added advice can be begin in the announcement for the capricious accomplishment and adapted artefact information, which can be acquired from your banking able or by logging on to www.hartfordinvestor.com. Please apprehend them anxiously afore you advance or accelerate money.
Hartford’s Personal Retirement Manager apartment of capricious annuities are adjustable exceptional capricious annuities issued by Hartford Life Allowance Aggregation and Hartford Life and Accomplishment Allowance Company, and are underwritten and broadcast by Hartford Securities Distribution Company, Inc.
Some of the statements in this absolution may be advised advanced statements as authentic in the Private Securities Litigation Reform Act of 1995. We attention investors that these advanced statements are not guarantees of approaching performance, and absolute after-effects may alter materially. Investors should accede the important risks and uncertainties that may account absolute after-effects to differ. These important risks and uncertainties accommodate those discussed in our Quarterly Reports on Form 10-Q, our 2010 Anniversary Report on Form 10-K and the added filings we accomplish with the Securities and Exchange Commission. We accept no obligation to amend this release, which speaks as of the date issued.
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