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The Hartford announced Wednesday that it will stop its individual annuity business and is pursuing “sales or other strategic alternatives” for its individual life, Woodbury Financial Services and retirement plans.
The insurer says the move is a result of management and Board of Directors evaluation of the company’s strategy and business portfolio conducted over the past several quarters. New annuity sales will stop April 27.
Kalish is a fomer managing editor of SourceMedia’s Employee Benefits Group.
Donna M. Mitchell is a financial journalist based in the New York metro area with expertise covering structured finance, commercial real estate, and wealth management. Her work has appeared … Read full bio
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