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No More Annuities from The Hartford

Big news came from The Hartford Financial Services Group Inc. yesterday.  While it had previously been announced that they were looking to sell their annuities and life insurance businesses, a deal has been made to sell The Hartford’s annuity business.  Forethought Financial Group Inc. is …

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Moody’s To Lower Hartford Financial’s Ratings

MarketWatch reports that Moody’s has lowered its ratings for Hartford Financial. The annuity provider’s life insurance business was downgraded to A1. This means Hartford no longer is high-credit-quality. Future downgrades could be forthcoming, since Moody’s also has a negative outlook for Hartford. A Hartford representative …

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Annuities With Longevity Protection Could Save Your Retirement

In the Wall Street Journal, Anne Tergensen highlighted a new trend in annuities: longevity policies. Unlike standard annuity products, this investment only begins payouts at a certain advanced age (usually 80 or older). When payments do begin, annual payments are higher. As a result, you …

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