ALL of The Hartford’s products have been removed from the website, with the exception of Hartford Founders Plus UL (see below notes for details).Originally posted July 8th, 2013.JULY 3, 2013 – On January 2, Prudential completed the purchase of The Hartfords life insurance business. Prudential is pleased to move to the next phase of business integration towards a more streamlined, best in breed portfolio.
As Prudential moves towards the October 4, 2013 closure date of life insurance products from The Hartford, Prudential will provide complete and detailed information regarding Prudential products, service and marketing support. The integration of The Hartfords life insurance business to Prudential will span over the next 18 months, and Prudential will be communicating frequently with updates. Timeline Please note the following important dates:
- August, 2013 Transition to combined Prudential product portfolio begins
- October 4, 2013 Last day to submit applications on closing life insurance products from The Hartford
- October 7, 2013 – As of this date, the Prudential product portfolio will now include several life insurance products from The Hartford
The following products will be closing on October 4, 2013:
- Hartford Bicentennial UL Freedom 2013*
- Hartford Bicentennial UL Joint Freedom® II 2013
- Hartford Frontier 2012 Indexed UL
- Hartford Frontier Indexed UL
- Hartford Bicentennial UL Founders II
- Hartford Leaders VUL Liberty 2012
- Hartford Leaders VUL Liberty
- Hartford Leaders VUL Legacy
- Hartford Leaders VUL Joint Legacy II
- Hartford Bicentennial Term 10, 15, 20, 30
- Hartford ExtraOrdinary Whole Life
- All prior versions of any of the above product that may be available
Hartford Bicentennial UL Freedom 2013 may continue to be available in certain states after October 4, 2013. As of October 7, 2013, firms and producers will transition to the Prudential products, under a Prudential selling agreement. Term Conversions will be available on life insurance products from The Hartford that continue to be available for sale.In addition, the following products from The Hartford will continue to be available for sale, along with all riders currently available on the product, in the new, combined Prudential and The Hartford product portfolio:
- Hartford Bicentennial UL Freedom 2013 (in certain states only)
- Hartford Founders Plus UL
- Hartford Joint Founders Plus UL
- Annual Renewable Term
To request a closing product, all application paperwork must be received no later than October 4, 2013. Applications must be formal with all appropriate signatures, and any received after October 4 for a closing product will be returned. Previously submitted trial and informal apps must have the formal application receive no later than October 4.
Trust TBD applications will not be accepted as a placeholder on closing products as the owner (the trust), is not able to sign the application and it would be determined not to be in good order. Regulation 60 paperwork must be initiated and completed and the Formal Application submitted by October 4, 2013 in order to receive a closing product.
Applications that do not meet the following requirements will be returned and the client will receive notification. October 4, 2013 will be the last receipt date for the New Business department to receive an application for a closing product from The Hartford.
There is currently no Issue Date cutoff for policies to be generated for closing products. Any issue date cutoffs will be determined in the first quarter of 2014 and will apply to business submitted prior to the October 4, 2013 cutoff date.
A limited selection of marketing materials will continue to be available to support the remaining available life insurance products from The Hartford. After the October 4, 2013 closure date, the Merlin illustration system will continue to be available to producers for the remaining available life insurance products from The Hartford. The Merlin illustration system will continue to be available to complete pending business for closing life insurance products from The Hartford. Winflex will continue to be available for those who currently use it. Electronic Policy Delivery will no longer be available as of July 1, 2013 for any product from The Hartford.