Hartford life insurance ↝ Life insurance

Prudential to acquire Hartford s life insurance unit, Reuters

(Reuters) - Prudential Financial Inc PRU.N will buy the individual life insurance business of Hartford Financial Services Group Inc HIG.N for $615 million in cash, the companies said on Thursday. Prudential said the deal would add scale to its own individual life business, while for The Hartford the sale lets it complete an asset disposal program months ahead of schedule. The agreement is structured as a reinsurance transaction, with Prudential taking on the obligations for The Hartford’s roughly 700,000 policies. It is expected to close early next year. Prudential also said the head of its individual life unit would retire and be replaced by the chief actuary. With the sale, The Hartford...

The Hartford Integrates Dental, Vision Coverage With Its Disability, Life Insurance For Small Businesses, Business Wire

HARTFORD, Conn.--( BUSINESS WIRE )-- The Hartford has integrated dental and vision coverage with its group disability and life insurance enabling brokers to create comprehensive benefits packages for small businesses with fewer than 50 employees. The dental and vision coverage has been added to The Hartford’s online benefits quoting platform. “Employers want to bundle benefits to create a complete package that helps protect employees’ financial and physical health,” said Donato Monaco, vice president of The Hartford Small Business Benefits Solutions. “The addition of dental and vision makes our quoting platform a one-stop shopping site for small business brokers.” Using the secure platform...

Cornell Capital-Led Group Now Controls Hartford Life, ThinkAdvisor

A group of investors led by Cornell Capital LLC now controls Talcott Resolution — a group of companies that includes Hartford Life Insurance Company and Hartford Life and Annuity Insurance Company. The Cornell Capital-led investor group has completed its previously announced acquisition of Talcott Resolution, Hartford Financial Services and the new owners announced today. Hartford Life was one of the leaders in the U.S. annuity market in the 1990s and early 2000s. It suffered grave damage in 2008, as the Great Recession rolled in. Hartford Financial Services created Talcott Resolution to cope with the effects of the recession, low interest rates and new accounting rules on Hartford Life’s...

UPDATE 1-Japan s Orix agrees to buy Hartford Japan unit for $895M, Reuters

TOKYO, April 28 (Reuters) - Japan’s Orix Corp has agreed to buy Hartford Financial Services Group’s Japanese unit for $895 million as part of efforts to expand its life insurance business in the world’s third-largest economy. Orix is one of the most acquisitive Japanese financial companies, saying last week it would buy a precious metal and jewellery recycler from Baring Private Equity Asia in a deal sources priced at around 21 billion yen ($204.7 million). Last year, it spent about $2.6 billion on Dutch asset manager Robeco. The sale of the Japanese unit, Hartford Life Insurance K.K., would come as Connecticut-based Hartford Financial has been shifting its focus to the more stable and less...

The Hartford Enhances Group Life Coverage, PLANSPONSOR

According to a press release, beneficiaries who use Everest Funeral Planning, a service available to consumers who obtain The Hartford’s group life insurance through their employers, can receive death benefits in as little as 48 hours from the date of death. In this new process, The Hartford will accept a certificate of death from a funeral home in lieu of a traditional death certificate, which speeds up the payment of death benefits by several weeks. The new expedited death benefits payment process is offered through The Hartford’s Life Conversations, a suite of end-of-life resources that includes funeral planning, will preparation, estate planning, as well as emotional, financial, and...

KIM v. HARTFORD LIFE INSURANCE COMPANY, FindLaw

United States Court of Appeals, Second Circuit. Marry KIM, Plaintiff-Appellant, v. The HARTFORD LIFE INSURANCE COMPANY,* Defendant-Appellee. 17-2122-cv Decided: September 07, 2018 PRESENT: ROBERT D. SACK, REENA RAGGI, DENNY CHIN, Circuit Judges. FOR PLAINTIFF-APPELLANT: ROBERT BACH, New York, New York. FOR DEFENDANT-APPELLEE: PATRICK W. BEGOS (Soo Yeon Kim, on the brief), Robinson & Cole LLP, Stamford, Connecticut and New York, New York. Plaintiff-appellant Marry Kim appeals the district court's June 15, 2017 judgment, entered pursuant to its June 14, 2017 memorandum and order, granting summary judgment in favor of defendant-appellee The Hartford Life Insurance Company (“Hartford”) on...

Group Life Through the Hartford, Eastern, USU

New Employees You will receive in the mail a letter from The Hartford. This letter will contain your unique login information. You will need to log into the website provided in the letter to declare your beneficiaries of the life insurance policies and make supplemental life insurance elections within 30 days of your date of hire. Employee Basic Term Life Insurance The University pays the premium for Basic Life Insurance of one times your annual salary rounded to the nearest $1,000, to a maximum of $250,000. Employee Supplemental Term Life Insurance You may enroll with The Hartford for supplemental insurance up to a lesser of five times your annual salary or $400,000 without evidence of...

Tenth Circuit: Hartford Fulfilled Its Obligation to Investigate the Existence of Beneficiaries in ERISA Life Insurance Dispute, Roberts Disability Law, P.C., Insurance Attorney Oakland

In Hartford Life and Accident Insurance Company v. Jones-Atchison, et al. , No. 20-6135, __F.App’x__, 2021 WL 4258761 (10th Cir. Sept. 20, 2021), Hartford Life and Accident Insurance Company brought an interpleader action to determine the proper beneficiary of basic life insurance benefits. The decedent was shot and killed by an unknown person. He was survived by his parents, his ex-wife, and his children. His ex-wife was the beneficiary of his basic life insurance policy and there was no contingent beneficiary. The decedent also had supplemental life and accidental death and dismemberment (AD&D) insurance benefits for which there was no named beneficiaries. The ex-wife and the parents...

Sixth Circuit Upholds Denial of LTD Benefits by Decision Makers Employed by Another Entity Within the Plan Administrator s Corporate Family

Sixth Circuit Upholds Denial of LTD Benefits by Decision Makers Employed by Another Entity Within the Plan Administrator's Corporate Family This alert was featured in the March 2021 edition of The LHD/ERISA Advisor In Davis v. Hartford Life & Accident Life Ins. Co., 2020 U.S. App. LEXIS 36360 (6th Cir. Nov. 19, 2020) the Sixth Circuit held that a district court properly applied the abuse of discretion standard when reviewing the denial of disability benefits under ERISA, even though the subject plan's decisionmakers arguably were not employed by the corporate entity to which the plan granted discretionary authority. Plaintiff Richard Davis worked as a senior application developer for...

The Hartford Life Insurance Review,

The Hartford Life Insurance Review The Insurance Industry Institute reports that The Hartford is one of the top writers of insurance in terms of premiums written. As one of the largest insurers in the United States, The Hartford may be a good starting point when shopping for insurance. By exploring the pros and cons of buying from the company and exploring its product lineup, you can decide whether to choose The Hartford as your life insurance provider. About The Hartford In 1810, a group of investors led by Nathaniel Terry founded The Hartford to provide fire insurance for consumers and businesses. Early on, The Hartford became interwoven with American history. Abraham Lincoln chose the...