The Hartford is re-entering the structured settlement annuity market as part of an ongoing strategy to grow its annuity business, the company announced Tuesday.
"Building our annuity business is an important part of our Wealth Management strategy, and we are committed to rejuvenating our market position through new products and expanded distribution," said David Levenson, president of Wealth Management at The Hartford.
The Hartford's Structured Settlement Fixed Annuity, issued by Hartford Life Insurance Co., provides tax-free payouts to people who receive settlements related to a workers' compensation or personal injury claim. The periodic payments deliver dependable, regular income and are tailored to meet the future needs of the recipient.
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