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Annuity

An annuity comes in many forms, but a simple definition is that an annuity is a contract that converts a sum of money into a series of periodic payments for an agreed upon period of time. An annuity can be thought of as a financial vehicle that converts a pool of money into a stream of income. Annuities are most useful in addressing the financial planning needs of people in or approaching retirement. Annuities are unique in the financial world because they can provide protection against the risk or outliving one’s assets (longevity risk) by guaranteeing income payments in perpetuity or any other selected amount of time. Annuities can be viewed as a type of personal pension plan. Social Security is similar to an annuity in that money contributed over the course of one’s working years is converted into a series of periodic payments that provide income during retirement.

Hartford's Personal Retirement Manager L-Share

Annuity Product Types: 
Variable Annuity
Key Phrases: 
Retirement
Glossary: 
Annuity
Variable Annuity
Company Offering: 
The Hartford
Web Site: 
http://www.hartfordinvestor.com/servlet/Satellite?c=HLI01Product&cid=1284290198324&hig_tab=literature&p=1284290198728&pagename=Investor%2FHLI01Product%2FHI_Product&noindex=true
Surrender Fees: 
7%
6%
5%
4%
0%
Variable Annuity Fields
Minimum Premium Payment: 
10000
Maximum Premium Payment: 
1000000
Minimum Additional Premium Payment: 
500
Maximum Age at Start of Contract: 
80 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
4%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$30
Minimum Investment Management Fee: 
1%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
62
Maximum Number of Concurrent Investment Options: 
62
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
5
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
6%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Key Phrases: 
Retirement
Annuity Product Types: 
Variable Annuity

Hartford's Personal Retirement Manager I-Share

Annuity Product Types: 
Variable Annuity
Glossary: 
Annuity
Variable Annuity
Company Offering: 
The Hartford
Web Site: 
http://www.hartfordinvestor.com/servlet/Satellite?c=HLI01Product&cid=1246525101354&hig_tab=literature&p=1246525100391&pagename=Investor/HLI01Product/HI_Product&noindex=true
Variable Annuity Fields
Minimum Premium Payment: 
10000
Maximum Premium Payment: 
1000000
Minimum Additional Premium Payment: 
500
Maximum Age at Start of Contract: 
80 years
Minimum Total Fees and Expenses: 
1%
Maximum Total Fees and Expenses: 
3%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
0%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
0%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$30
Minimum Investment Management Fee: 
1%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
62
Maximum Number of Concurrent Investment Options: 
62
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
100
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
0%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity

Hartford's Personal Retirement Manager C-Share

Annuity Product Types: 
Variable Annuity
Key Phrases: 
Retirement
Glossary: 
Annuity
Variable Annuity
Company Offering: 
The Hartford
Web Site: 
http://www.hartfordinvestor.com/servlet/Satellite?c=HLI01Product&cid=1072188777784&hig_tab=literature&p=1127108823345&pagename=Investor/HLI01Product/HI_Product&noindex=true
Surrender Fees: 
2%
0%
Variable Annuity Fields
Minimum Premium Payment: 
10000
Maximum Premium Payment: 
1000000
Minimum Additional Premium Payment: 
500
Maximum Age at Start of Contract: 
80 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
4%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$30
Minimum Investment Management Fee: 
1%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
62
Maximum Number of Concurrent Investment Options: 
62
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
5
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
7%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Key Phrases: 
Retirement
Annuity Product Types: 
Variable Annuity

Hartford's Personal Retirement Manager B-Share

Annuity Product Types: 
Variable Annuity
Key Phrases: 
Retirement
Glossary: 
Annuity
Variable Annuity
Company Offering: 
The Hartford
Web Site: 
http://www.hartfordinvestor.com/servlet/Satellite?c=HLI01Product&cid=1072188777772&hig_tab=literature&p=1127108823266&pagename=Investor/HLI01Product/HI_Product&noindex=true
Surrender Fees: 
7%
7%
7%
6%
5%
4%
3%
2%
0%
Variable Annuity Fields
Minimum Premium Payment: 
5000
Maximum Premium Payment: 
1000000
Minimum Additional Premium Payment: 
500
Maximum Age at Start of Contract: 
80 years
Minimum Total Fees and Expenses: 
1%
Maximum Total Fees and Expenses: 
3%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
0%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
0%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$30
Minimum Investment Management Fee: 
1%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
62
Maximum Number of Concurrent Investment Options: 
62
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
5
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
7%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Key Phrases: 
Retirement
Annuity Product Types: 
Variable Annuity

Hartford's Personal Retirement Manager A-Share

Annuity Product Types: 
Variable Annuity
Glossary: 
Annuity
Variable Annuity
Company Offering: 
The Hartford
Web Site: 
http://www.hartfordinvestor.com/servlet/Satellite?c=Page&cid=1127108823350&noindex=true&pagename=Investor/Page/Investor_ProductParent
Variable Annuity Fields
Minimum Premium Payment: 
5000
Maximum Premium Payment: 
1000000
Minimum Additional Premium Payment: 
500
Maximum Age at Start of Contract: 
80 years
Minimum Total Fees and Expenses: 
1%
Maximum Total Fees and Expenses: 
3%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
0%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
0%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$30
Minimum Investment Management Fee: 
0%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
59
Maximum Number of Concurrent Investment Options: 
59
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
100
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
7%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity

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