Hartford’s Variable Annuity Options

Clients of the Hartford Financial Services Group have a lot more investment options now when they are searching for a variable annuity.  In the Annuity News Journal article “The Hartford Introduces New Annuity Options,” Steve Thompson discusses the new choices available.  Years of a volatile stock market have pushed many investors to the security of annuities, because of their guaranteed lifetime stream of income and risk protection from the equity market.  In particular, variable annuity products give an appreciation potential during a rising stock market while also guaranteeing some type of minimum return.  Hartford’s variable annuity, called the Personal Retirement Manager, will have some new options and riders for investors.

Safety Plus guarantees investors at least ten years of accumulation benefits, with both protection of principal and participation in the market.  After the ten years, investors who transfer their money to the Personal Pension Account Service with Hartford will be credited a bonus to their future payout rates.  The Future5 and Future6 options give market participation with a 5 or 6% deferral bonus after determining what your guaranteed portion will be.   These bonuses will stand firm upon maturation and won’t depend on the immediate annuity rates at the time.  Hartford’s new service, Personal Protection Portfolios, is available with Safety Plus and Future6.  The assets in your account are spread over multiple investment options which will diversify your risk and allow you to participate in many different markets.  There are also two new death benefit annuity options for investors who are very concerned about passing their annuity on to a beneficiary after death.  All of Hartford’s new variable annuity products are for the benefit of their consumers and are working to meet changing demands.

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