Company Description
"The Hartford Income Annuity, a fixed payout annuity, provides a simple way to secure dependable, guaranteed income that you can rely on with absolute certainty."Products
Fixed Immediate Annuities, Longevity Insurance
Location
California, Florida, Pennsylvania, Texas
Minimum Premium or Deposit
Product
The Hartford Income Annuity
States Available
Not Available
Minimum Premium
$10,000
Max Premium (without home office approval)
$1,000,000
Issue Ages
Return of Premium Option Max Age 75;
Single & Joint Life Only Max Age 85;
Period Certain Only Max Age 100;
Otherwise, Max age 90 (IRAs may have limitations)
Available Benefit Modes
Annual, Semi-Annual, Quarterly, Monthly
Life & Periods Certain Available
Yes, 5 to 30 years
Periods Certain Only Available
Yes; 6 to 30 years
Joint & Survivor Available
Yes, continuation of 50%, 66.67%, 75%, or 100%
Cash Refund Available
Yes, death benefit equals premium less sum of benefits received
Inflation Indexing Available
No
Cost of Living Adjustments Available
Yes, from 1% to 6% at 0.50% increments
Pricing: Male, 65, Pure Life, No COLA, $100,000 Premium
$572.75 monthly benefit
Commission
Cash Value
Other Features
Future payments can be deferred several years
Lump sum cash withdrawals available on any future guaranteed benefit payments
Can make one time election to change income start date.
Return of premium death benefit allows beneficiaries to receive death benefit of 25%, 50%, or 75% of premium at any time.