Hartford's Life Insurance Offerings: What You Need To Know

The Hartford Financial Services Group, which was established in 1810, is one of the world's largest insurance and investment companies. The company offers a wide range of insurance products, including home, car, business, disability, and life insurance. The Hartford Life Insurance Company is a subsidiary of The Hartford Financial Services Group and provides life insurance products such as term life insurance and permanent life insurance to individuals and businesses. The company also offers investment products, annuities, mutual funds, and college savings plans. In addition to insurance and investment services, The Hartford also provides education, support, and opportunities to thrive through its Human Achievement Programs. With international operations in Japan, Brazil, the UK, Canada, and Ireland, The Hartford is a well-known and established name in the insurance industry.

Whole Life Insurance

The Hartford Life Insurance Company is a subsidiary of The Hartford Financial Services Group, which was established in 1810 and is one of the world's largest insurance and investment companies. The Hartford Life Insurance Company provides a range of life insurance products, including whole life insurance, universal life insurance, and variable life insurance.

The Hartford's whole life insurance offers several benefits. Firstly, it provides permanent coverage, ensuring that the insured individual has life insurance protection for their entire life. Secondly, it offers a savings component, allowing policyholders to build cash value within the policy. This cash value can be accessed through loans or withdrawals, providing financial flexibility during the policyholder's lifetime. Additionally, whole life insurance policies from The Hartford may also offer dividend options, further enhancing the policy's value.

When considering whole life insurance, it is important to keep in mind that premiums tend to be higher compared to term life insurance. However, the permanent coverage and savings component make whole life insurance a valuable tool for long-term financial planning. The Hartford's whole life insurance policies can be tailored to meet the specific needs of individuals and businesses, providing a comprehensive financial safety net.

In addition to whole life insurance, The Hartford also offers a range of other insurance products, including term life insurance, universal life insurance, and variable life insurance. These options provide flexibility and choice, allowing individuals to select the most suitable type of insurance for their unique circumstances and financial goals.

Universal Life Insurance

The Hartford Life Insurance Company is a subsidiary of The Hartford Financial Services Group, which was established in 1810. The company is one of the world's largest insurance and investment companies, with international operations in Japan, Brazil, the UK, Canada, and Ireland.

The Hartford offers a range of life insurance products, including Universal Life Insurance. While the website does not go into detail about the specifics of Universal Life Insurance, it does mention that it is one of the Permanent Life insurance products offered by the company.

Permanent Life insurance, including Universal Life Insurance, is a type of insurance that provides not only peace of mind but also a key component of a plan for your financial future. It offers income protection and estate liquidity to protect assets and cover often-substantial estate taxes.

The Hartford's life insurance products are designed to meet the diverse needs of employees and their families. The company offers flexible features and resources, including enhanced continuity of coverage, living benefit options, premium waivers in cases of disability, portability and conversion options, and digital claims submission systems. These features ensure that employees and their beneficiaries receive compassionate support during difficult times.

In addition to Universal Life Insurance, The Hartford also offers Whole Life Insurance and Variable Life Insurance as part of its Permanent Life insurance offerings.

Variable Life Insurance

In addition, you may be able to allocate part of your premiums to a fixed account. A fixed account, unlike a mutual fund, pays a fixed rate of interest. The insurance company may reset this interest rate periodically, but it will usually provide a guaranteed minimum (e.g. 3% per year).

Variable universal life insurance (VUL) is a type of variable life insurance that offers flexibility. In addition to death benefit protection, VUL offers the ability to allocate among purely market-driven and fixed options with guaranteed minimum interest crediting. With a wide range of investment options, you may adjust your policy's allocations to meet a potential lifetime of growth objectives and risk tolerances—all in one flexible policy.

The Hartford offers Group Life and Accidental Death and Dismemberment (AD&D) Insurance to meet the diverse needs of employees after a loss. The Hartford's Life Insurance also provides other services to an employee and their family, like will preparation, funeral planning, travel assistance, and more.

Group Life Insurance

The Hartford's Group Life Insurance product offers flexible features and resources to meet the diverse needs of employees and their beneficiaries. One key feature is the Enhanced Continuity of Coverage Clause, which ensures that employees do not lose coverage when transferring their prior group life policy, even if they are not actively working at the time of the transfer. The Living Benefit Option provides advanced life insurance benefits of up to $500,000 for terminally ill employees or dependents. The waiver of premium allows employees to stop paying life insurance premiums during a qualifying disability, and the portability and conversion option lets employees who leave their company or meet other qualifying conditions take all or part of their coverage with them.

The Hartford's Group Life Insurance also includes a streamlined digital claims submission system that speeds up the processing of benefit payments while reducing the administrative burden for employers. In addition, employees have access to online tools and services that guide them through major life decisions, such as will preparation, travel assistance, and funeral planning.

The Hartford's Group Life Insurance is designed to provide financial security and peace of mind for employees and their loved ones. It helps protect employees' incomes, offset future income loss, and cover final expenses. The earlier an employee purchases a life insurance policy, the better, as younger and healthier individuals typically qualify for lower rates.

Employee Benefits

The Hartford Life Insurance Company is a provider of life insurance products, as well as investment products, annuities, mutual funds, and college savings plans. The company offers both Term Life and Permanent Life insurance products to individuals and businesses. Term life insurance offers 10-, 15-, 20-, and 30-year policies, while Whole Life, Universal Life, and Variable Life insurance are all types of permanent life insurance.

The Hartford also offers Group Life and Accidental Death and Dismemberment (AD&D) Insurance to meet the diverse needs of employees after a loss. Their life insurance plans offer flexible features, including:

• An Enhanced Continuity of Coverage Clause that ensures employees are not left without coverage when transferring their prior group life policy.
• A Living Benefit Option that provides advanced life insurance benefits of up to $500,000 for terminally ill employees or dependents.
• A waiver of premium that allows employees to stop paying life insurance premiums during a qualifying disability.
• A portability and conversion option that lets employees who leave their company or are under other qualifying conditions keep all or a portion of their coverage.
• A streamlined digital claims submission system that speeds up the processing of benefit payments.

In addition to these group life insurance features, The Hartford also provides a variety of programs that give employees access to online tools and services to help guide them through major life decisions, such as will preparation, travel assistance, and funeral planning.

The Hartford's employee benefits programs are designed to protect the incomes of employees and offer support when it's needed most. Their voluntary benefits and well-being services provide comprehensive coverage with compassionate care. With over 70 years of experience, The Hartford is committed to simplifying the language around employee benefits to make it easier for employees to understand and access the benefits they need.

Frequently asked questions