The Hartford Life Insurance Company offers property, casualty, and life insurance. Its products and services include life insurance policies and annuities. PitchBook has detailed company profiles on 3M+ companies, including Hartford Life Insurance Company. To access the profile of this company, request access to the PitchBook Platform. After obtaining access, review the hartford life insurance companies​ profile for more information. If you have any questions, feel free to contact us.
Customer service
Hartford Life Insurance offers many ways to contact customer service. They provide an online account to check your payment history, view policy documents, track essential documents, file claims, and more. You can also set up an automatic monthly bill payment through their website, use electronic funds transfer, or contact an agent if you have questions about your policy. Lastly, you can update your information online to keep your policy current.
If you are a Hartford life insurance policyholder, you can access your policy documents online, get your bills, and more. They can even request a certificate of insurance, which takes only five minutes and is emailed to you within four hours. You can also check your claims history online and sign up for direct deposit. Change your beneficiary, review your benefits, and check your premiums. You can access your policy information at any time, so you can easily see if there are any issues with your policy.
Hartford has an excellent financial rating and a positive customer service rating. The company focuses on the 50+ crowd and offers discounts and special offers for AARP members. Additionally, they offer discounts for bundling auto and homeowners policies. You can also save money by bundling your auto and homeowners insurance policies. You may also qualify for a discount if you own a home without a homeowners claim in the past year. Also take advantage of the online claims process, which can be especially convenient if you’re in a hurry.
Their knowledgeable representatives are available to address inquiries, guide customers through policy options, and efficiently assist with Hartford Life Insurance Company claims processing.
Policy options
Hartford offers three main policy options: single-life insurance, universal life, and variable universal life policies. Individuals may choose the Hartford Founders II universal life policy, which is excellent for supplementing retirement income, protecting a small business, or providing resources to a loved one with special needs. Hartford offers several riders for this policy, including an owner-designated settlement option.
Hartford also offers guaranteed-issue policies for employees. These policies are guaranteed issues, meaning you won’t have to pass a medical exam to be approved for the insurance. These policies may be more affordable, but you must pay the premiums yourself. Hartford life insurance policies are limited in terms of riders and payout amounts. Choose a higher face amount for the most comprehensive coverage than your employer’s minimum.
Hartford offers a comprehensive home insurance policy that includes “new for old” replacement cost coverage, personal injury protection, and identity theft coverage. You can also opt for the “Disappearing Deductible” program to reduce monthly premiums. Moreover, Hartford offers a variety of discounts, including senior citizen, student, and military discounts. You may even find a policy with a zero-deductible option on a homeowner claim over $25000.
Another option is to opt for a group life insurance plan. Hartford offers several group life insurance plans, including a Sickness or Injury Continuation Provision for eligible employees. This provision covers employees who cannot work, even if the Hartford group life policy terminates. However, if you opt for a group plan, the premium payments for your dependents will continue to be waived.
Cost of policy
Regarding insurance, Hartford Life Insurance has a long history of excellence. The company has been in business for more than 200 years. Although it is not the best choice for individual consumers, Hartford has a rich customer service and product quality history. Although you may be fortunate never to need an auto or homeowners policy, life insurance is a necessity you should not skip. Life insurance protects your loved ones in case you pass away.
A Hartford life insurance policy is only available through participating employers. The face amount of a policy is based on your salary. You can select a face amount of one to three times your salary up to $350,000. If you don’t earn much, you may qualify for a guaranteed issue policy, but you will have to undergo a medical exam above that amount. Hartford also allows you to purchase coverage for your spouse and children, but remember that you will be responsible for their premiums.
A Hartford life insurance policy may be affordable for young families. Depending on your coverage, Hartford can offer different coverage levels for other needs. Hartford generally provides $250,000 coverage for married people, $2,500 for single people, and $500 for children between 15 and six months. However, you must be in good health to qualify for these levels of coverage. If you have a terminal illness or are disabled, you can opt for accelerated benefits. This option will increase your death benefit if you die unexpectedly.
Reviews of policy
If you are considering purchasing a policy from the Hartford Life Insurance Company, you may wonder which features make it a good option. Hartford has several policies, but the Founders II universal life policy focuses on versatility. It can be a good choice for retirement income supplementation, protecting your small business, or providing resources to your loved ones with special needs. It also features many riders, including an owner-designated settlement option.
While the price of a Hartford policy can be higher than the national average, available discounts can offset this. Individual policies’ premiums may be higher or lower than average depending on the rating variables. J.D. Power and AM Best rated Hartford higher than average, indicating its ability to pay claims. Although complaints about Hartford were relatively few, many stemmed from an ill-understood policy.
The Hartford offers a variety of riders, including child riders, which adds a small amount of term coverage for children. This coverage can be converted to a higher level when the plan expires. Children and spouses are also covered. Another option for Hartford policyholders is a waiver of premium rider, which eliminates premium payments for a person who becomes disabled. The rider must be acquired before a specific age or during an elimination period.
Hartford offers group life insurance policies, including term life and child protection, as well as various other options. Hartford offers many programs that make planning a funeral or memorial easier. It even provides Accidental Death & Dismemberment Insurance. You can choose a life insurance policy that suits your needs. If you select a Hartford life insurance policy, you can save money while getting the necessary coverage.
Prudential Life Insurance Company
The Hartford-based insurer has been pressured to raise its returns after hedge fund manager John Paulson bought it. This is why Hartford shut down its annuity business and pursued sales of its broker-dealer, retirement plan and individual life operations. The Hartford CEO previously said selling its business would take 12 to 18 months, but the deal could close in six months. In the meantime, the insurer sold its broker-dealer and retirement plan business to American International Group and MassMutual earlier this month.
Prudential will assume coverage on 700,000 individual life policies and acquire investment assets with a statutory book value of $7 billion. In addition, the new company will expand its life insurance business throughout the U.S. Prudential’s life insurance division generated 16% of its revenue in the first half of 2012. This segment had revenues of $898 million in the first half of 2012.
The sale will not impact existing policies. Hartford will continue to provide services to current customers, but it will no longer sell new life insurance policies. The new company will service existing Hartford policies. The combined company’s financial strength and solid reputation mean that existing Hartford life insurance policyholders will benefit from the combined company. In addition, Prudential will continue to service Hartford’s life insurance policies. It is rare for a life insurance company to fail after a merger.
