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DISCONTINUED PRODUCT - Product not available to new enrollees.

Premier Solutions & Premier Innovations
Product ID: 21

Vendor:
Hartford Life Insurance Company
Type:
Variable Annuity 
Discontinued Discontinued


$315
1.1%
6 Years / 5.00%
Yes
Roth Eligible





These are Group Variable Annuity products. They are multi-managed products with more than 200 investment options plus a general (Declared Rate) account option. MassMutual acquired The Hartford’s Retirement Plans Group (“RPG”) business effective January 1, 2013. In connection with the acquisition, Hartford appointed MassMutual to provide all administrative services necessary to support the Contracts. In this role, MassMutual receives all charges, fees and compensation – both direct and indirect – payable to Hartford for the services provided to your plan under the packaged retirement services programs. Additionally, MassMutual and its affiliates are responsible for marketing and selling the retirement plan services programs and paying sales commissions and other compensation to Financia

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Available for balances of at least $5000 in Hartford General Account; Minimum transfer is $100. The transfer date will be semi-monthly, monthly, quarterly, semi-annually or annually.

Participants may request a loan from their Participants Account. When you initiate a loan from your Participant Account, we deduct a loan set-up fee of $50. In addition, while your loan is outstanding, we deduct a $50 annual loan administration fee from your Participant Account on a quarterly basis. We deduct 25 percent of the annual fee on the last Valuation Day of each quarter or from the proceeds of a full Surrender of a Participant Account. When you take a loan from your Participant Account, for recordkeeping purposes, an amount equal to your loan, plus interest, is placed into a loan account. When you make the loan repayments, the amount of the loan account decreases until your loan account is re-paid in full. You may pay back your loan according to the payment schedule set by t

CDSC waived for Death, Disability, Long Term Care, Termination of Employment, hardship, SWOs, QDROs and Annuitization.

Yes
We make monthly payments during the joint lifetime of the annuitant and a designated individual (called the joint annuitant) and then throughout the remaining lifetime of the survivor, ending with the last payment prior to the death of the survivor.
Payments under this option stop with the last monthly payment preceding the death of the Annuitant, even if the Annuitant dies after one payment. This option offers the maximum level of monthly payments of any other life annuity options since there is no guarantee of a minimum number of payments nor a provision for a death benefit payable to a Beneficiary.
We make monthly payments for the life of the Annuitant with the provision that payments will be made for a minimum of 120, 180 or 240 months, as elected. If, at the death of the Annuitant, payments have been made for less than the minimum elected number of months, then any remaining guaranteed monthly payments will be paid to the Beneficiary unless other provisions have been made and approved by us.
The amount received will be the value next computed after we receive a written Surrender request for complete Surrender at our Administrative Office, less any applicable Contingent Deferred Sales Charge, Annual Maintenance Fee and Premium Taxes. Payment will normally be made within seven days after we receive the written request.
We make monthly payments for the life of the annuitant with the provision that payments will be made for a minimum of 120, 180, or 240 months. If, upon death of the annuitant, payments have been made for less than the minimum elected numer of months, than any remaining guaranteed monthly payments will be paid to the Beneficiary unless other provisions have been made and approved by us.


All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact of fees, and the different types of fees please refer to the Explanation of Fees piece located in the Help & Resources.

Fees

$30.00 Annually Flat Dollar Amount No No No

$50.00 Annually Flat Dollar Amount No No Yes

1.25% Annually Percentage of Annual Assets No Yes No
Breakpoint
Unitized Pricing Option: (Determined at plan install) 0.00%, 0.15%, 0.35%, 0.50%, 0.65%, 0.75%, 0.85%, 1.05%, 1.25%. Fee schedule is based on total plan assets.

Surrender Charges

Surrender Period* Surrender Percentage
1 5.00%
2 4.00%
3 3.00%
4 2.00%
5 1.00%
6 0.00%

*Expressed in contract years


Exceptions to the Surrender Charge:
Death:
Yes
Disability:
Yes
Financial Hardship:
Yes
Nursing Home or Other Medical Expenses:
Yes
Other Restrictions:
Contingent Deferred Sales Charge is waived when The Hartford is the exclusive provider.

Subaccounts


Fixed Investment Options

Variable Investment Options


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