Speak with a Registered Agent: 1-866-223-2121

Speak with a Registered Agent: 1-866-223-2121

Review of Hartford’s Variable Annuity: Benefits Without Drawbacks


By

For those hoping for a variable annuity that will not reduce death benefits when a lifetime income option is used, The Hartford’s annuity enhancement is for you.  According to Market Watch’s “The Hartford Enhances Its Variable Annuity To Help Consumers Achieve Both ‘Living and Giving’ Goals,” this variable annuity upgrade allows you to leave a legacy to charity or to heirs.  The variable annuity products are in Hartford’s Personal Retirement Manager (PRM) line of products.  When doing variable annuity reviews, it has been difficult in the past to provide yourself with lifetime income and make sure you have something to leave behind without one taking away from the other.  One of Hartford’s VP’s says that their PRM variable annuities will be able to provide you with both.

When opting for Hartford’s Future6 Guaranteed Minimum Withdrawal Benefit, you can also choose to add the Future6 Death Benefit.  The Death Benefit lets you take income withdrawals without reducing the death benefits at all.  When you die, the death benefits paid out will be the higher number of the premiums invested or the contract value when your income payments began.  This is all based on the fact that you haven’t met any predetermined limits.  Along with these enhancements, some of the costs associated with their PRM variable annuities are also going down.  Hartford’s man in charge of global annuities says that they are just demonstrating their longstanding commitment to the annuity marketplace.  They are confident that annuities meet America’s growing need for retirement income and savings.

Written by Rachel Summit

Follow Rachel Summit on Twitter https://twitter.com/#!/financemama

For more information about the product mentioned in this article contact us here:

Newest Blog Posts

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help.

By providing your information and clicking 'Submit' above, you acknowledge that you have read and agree to this site's privacy policy. You also provide your consent to be contacted at the email address or phone number provided above (including any wireless number) by licensed agents or representatives from or on behalf of AFYI Holdings Group, LLC and other companies to provide the information requested and/or offer annuities or financial products. You understand that these calls or SMS messages may be generated using an automated telephone dialing system, a pre-recorded message, or artificial voice. Consent to receive such messages is not a condition to purchase any goods or services. You may opt out at any time by following the instructions in the messages you receive.  Receiving quotes and information through our website is free, and you are under no obligation to purchase any goods or services as a result of this request. You affirm that you are the subscriber of the provided telephone number or that the subscriber authorized you to provide the number. Message and data rates may apply. AFYI Holdings Group, LLC is committed to respecting your privacy and adhering to all applicable laws and regulations, including the Telephone Consumer Protection Act (TCPA).