Home / Blog / UPDATE: Some States Exempt from Hartford’s Variable Annuity Changes

UPDATE: Some States Exempt from Hartford’s Variable Annuity Changes

Back in May, The Hartford announced forced changes to their variable annuity contracts that have made a big splash in the annuity community.  Many variable annuity holders are being forced to change their asset allocation to a more conservative mix, or they will lose out on the guaranteed benefits in their contract.  Broker-dealers and clients have been unhappy with these forced changes.  In a few states, people will be pleased to know that the way their contracts are worded will make them exempt from having to make these changes.  See my updated blog from last month for the details.

Written by

Follow Rachel, aka Finance Mama, on Twitter and Google+

Share Button
Comments are closed.

 

Copyright © 2018 AFYI Holdings Group, LLC. All Rights Reserved. No part of this article may be reproduced without the express written consent of AFYI Holdings Group, LLC.

Annuityfyi.com - Prefooter

Share On Facebook
Share On Twitter
Share On Google Plus
Share On Linkedin
Share On Pinterest