A New England insurer is updating its menu of life insurance policies.
Hartford Financial Services Group Inc., Simsbury, Conn., has introduced a new term life product.
The new Hartford Term life insurance policies come with death benefits starting at $100,000 and guaranteed level-premium terms of 10, 15, 20 or 30 years.
Prices are especially low for policies with death benefits of $1 million or more, according to Hartford.
Hartford is issuing the policies through its Hartford Life Insurance Company and Hartford Life and Annuity Insurance Company units. The units are responsible for backing the product guarantees.
Life insurance agents and other financial services professionals can get the policies through the Web-based Insurance Online Network, a quote service, or through Hartford’s Stag Foundations Life program.
If financial professionals submit preliminary applications through the Stag Foundations program, Hartford tele-underwriters will work with applicants to gather the necessary medical underwriting information, Hartford says.