Tag: hartford life insurance

Life insurance branch of Hartford now acquired by Prudential

Nordstrom
insurance industry report

The purchase was made for a reported $615 million in cash. Prudential Financial Inc. has announced that it has purchased the Hartford Financial Services Group Inc. individual life insurance business for a cash total of $615 million, adding greater substance to its American operations as its rival works to shed excess weight. It is believed that the deal will close at or near the beginning of 2013. According to a statement from Hartford, this will give it the opportunity to help free up close to $1 billion in capital that…

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The Hartford launches new life insurance Issue First process

Nordstrom

The Hartford has announced that it will now be able to offer its customers permanent life insurance in as little as five days, by way of its brand new First Issue process. As the current average in the industry for permanent life insurance delivery is 48 days, the new Hartford process has reduced that time to a mere fraction. It shows that the insurer has listened to the common complaint that they receive from their customers: that life insurance takes too long to purchase, and that they have done something…

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