NU Online News Service, Oct. 10, 2003, 4:51 p.m. EDT – The Hartford Financial Services Group Inc., Hartford, has introduced a supplemental life insurance policy that offers up to $1 million in coverage as a supplement to existing coverage without requiring applicants to submit to medical exams or fluid testing.

Hartford says it developed the policy to make it easier for holders of life insurance policies to increase their coverage to levels sufficient to replace income.

To qualify, individuals must have purchased life insurance coverage within the past two years, be applying for additional policies with death benefits less than or equal to their current death benefits, and meet other criteria. Policyholders can buy variable universal life, universal life and whole life insurance policies through the program, which ends Dec. 31, Hartford says.

Hartford also says it has increased the amount of life insurance coverage it will provide as income replacement. Many consumers now can buy up to 20% more coverage to protect their income than they could buy under previous underwriting guidelines.

The company says its underwriters will review applicants’ medical history declarations, information from the Medical Information Bureau and motor vehicle records to determine if there has been any significant change in applicants’ health since they last purchased life insurance.

The company issues life insurance policies through two subsidiaries, Hartford Life Insurance Company and Hartford Life and Annuity Insurance Company.