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Variable Annuity Changes from MetLife, Prudential, Hartford

Three life insurance companies are changing their variable annuities in the wake of some tumult in the industry.  MetLife, Prudential, and the Hartford are either updating products or scaling down on variable annuity business, according to Darla Mercado of Investment News.  In her article, “VA …

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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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