Posted on: Tuesday, April 17th, 2012 by jcliff

The Hartford Financial Services Group made a surprising decision as they announce that they are selling most of their life insurance business.  The NY Times article by Michael J. De La Merced reports that this comes after pressure from one of their biggest shareholders, the hedge fund Paulson & Company.  Hartford also intends on slowing down their annuity business as well as they focus more on its core operations in property and casualty, group benefits and mutual funds.

Liam McGhee, the insurer’s chairman and chief executive, believes the added focus will lead to higher …

Posted on: Thursday, December 15th, 2011 by jcliff

UPDATE: 2/18/2012 – Some more interesting statistics on retirement in the United States according to SmartMoneyAdvice: About 62% of 65 year olds retire with less than $25,000 in assets and depend on Social Security for their retirement.  About 3% of 65 year olds are still working.

Hartford Life released an interesting study on their blog website.  New research reveals that retirement may be even better than expected for some seniors according to Beth Tracton-Bishop.  Hartford conducted the study with MIT AgeLab and they found that many retirees would have liked to retire sooner …

Posted on: Saturday, November 5th, 2011 by jcliff

UPDATE 3/12/2012 – Some interesting retirement statistics came out for 2012 which may make you change your view towards life insurance in the retirement years.  Sue Thompson wrote an interesting article “Dire Retirement Stats Worth Discussing” on iSharesBlog about the importance of saving for retirement.  According to the Employee Benefit Research Institute, about 30% of all Americans have less than $1000 saved for retirement.  If this is you, take the time to get a plan in place and ensure your loved ones will have what they need to take care of your estate …

Posted on: Friday, September 30th, 2011 by jcliff

According to the “Insights & Expertise” section on the Hartford Life website, employees with lower incomes are behind in life insurance participation when compared to workers with higher income.  They also have less knowledge about life insurance products.  This is based on a survey conducted by The Hartford Financial Services Group, Inc.  America’s lower income and less educated employers are behind when it comes to understand how life insurance works.  The research also shows that younger workers have lower life insurance knowledge which is probably to be expected given less life experience overall.

The survey …

Posted on: Sunday, September 11th, 2011 by jcliff

UPDATE 4/14/2012 – While this blog entry does mention negotiating life insurance rates as a myth, there could be some opportunity to get lower rates from your insurer.  If you do your homework and learn there are more affordable options out there for your life insurance needs, letting your current provider know this could prove to be beneficial.  The life insurance industry can be competitive, and there is a chance your agent will have options available to offer you to try and keep your business.  It can’t hurt to try, and if there …

Posted on: Sunday, July 31st, 2011 by jcliff

Most big life insurance companies such as Hartford Life or Aetna Life Insurance offer a wide variety of life insurance products to best suit each stage in life.  This is good news for retirees who may not need or want the typical term life insurance policy that many adults carry.  This doesn’t necessarily mean you should go without any life insurance in retirement, but you do want to re-asses your situation and financial needs whenever you have any major life change, especially retirement.

It seems relatively obvious why you may need life insurance when you …

Posted on: Thursday, July 21st, 2011 by jcliff

UPDATE 4/22/2012 – Facebook continues to be a promising avenue for life insurance leads in 2012.  Not only is this important to the insurer, but it’s also important to the consumer as well.  Knowing you can access important financial information and quotes on your own social platform gives the consumer some power over they buying strategies.  You can find groups that focus on life insurance news and “like” them for continuous news updates.  Check out the LifeInsurance.org Facebook page as an example.

Social media outlets such as Twitter and Facebook are taking …

Posted on: Tuesday, July 19th, 2011 by jcliff

UPDATE 4/29/2012 – Hartford Financial Services Group Inc. announced that they struck a deal to sell new business in its annuity department as part of its plan to radically overhaul the business.  This comes along with a previous announcement to sell a large portion of the their life insurance business as well. 

Hartford Life Insurance and Hartford Companies announced that their second quarter net income decreases significantly because of weather related catastrophe claims and asbestos liabilities.  The net income for the second quarter was $24 million based on their preliminary announcement earlier this …

Posted on: Thursday, June 30th, 2011 by jcliff

It’s common knowledge that many life insurance companies conduct physical exams to determine the likelihood of a patient passing away from a disease.  Some people might be surprised that some insurers use blood and urine to determine if a particular candidate is at high risk for diseases such as heart disease and diabetes.

According to the article “Why Life Insurance Companies Love Blood and Urine” by Louise Witt on the Fox Business website, blood and urine tests give a window into someone’s health and things such as alcoholism, high cholesterol, hypertension and some other ailments can …

Posted on: Sunday, June 5th, 2011 by jcliff

Thanks to modern medicine, many people are surviving breast cancer and prostate cancer which is great news for our society.  Some independent studies from Hartford Life Insurance Companies even show that survivors of each disease with certain criteria met actually have similar mortality rates as the general population.  This is why Hartford is one of the first insurers to offer policies at standard rates to qualifying survivors.

Survivors of breast cancer or prostate cancer who meet certain criteria may qualify for life insurance up to $5 million from what of the Hartford companies.  Some criteria …

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