Hartford's Personal Retirement Manager C-Share
Hartford's Personal Retirement Manager ® C-Share Variable Annuity is for those contract holders who prefer not to pay front-end sales charges and wish to put all of their initial investment dollars to work immediately.
Effective 8/16/10, The Hartford's Personal Retirement Manager with Hartford Leaders variable annuity has been renamed Hartford's Personal Retirement Manager variable annuity. The product information and performance shown for Hartford's Personal Retirement Manager aslo applies to The Hartford's Personal Retirement Manager with Hartford Leaders contracts purchased after 10/19/09.
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Total Standard Contract Charge1 |
1.35% |
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Annual Maintenance Fee |
$30 |
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Surrender Charges2 |
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Maximum Issue Age |
80 |
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Maximum Annuitization Age |
90, or ten years from the date of issue or as elected by the owner. Certain tax-qualified plans require payments to commence by age 70 1/2. May vary by firm. |
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Minimum Initial Investment |
$10,000 for non-qualified plans |
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When Accompanied by |
$500 |
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Minimum Initial Investment |
$10,000 |
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1 All expenses are described in the prospectus.
2 Each deposit carries its own Contingent Deferred Sales Charge. CDSC also applies to Annuity Payouts, including Personal Pension Account Payouts, if commuted. Taking excess partial surrenders may significantly negatively affect your investment. Please consult with your Investment Professional before making excess partial surrenders to be sure you understand the ways such a decision will affect your contract.
The Personal Pension Account is a fixed deferred annuity option available within Hartford's Personal Retirement Manager variable annuity.
The Personal Pension Account should not be confused with a pension plan under The Employee Retirement Income Security Act of 1974, as amended (ERISA). Neither we nor any of our affiliates assume any fiduciary duties with regard to this Contract, as such terms are defined under ERISA laws and regulations. The Personal Pension Account is not a defined benefit plan guaranteed by the Pension Benefit Guaranty Corporation (PBGC) or any federal or state government agency. This feature is not a corporate pension plan issued by us or our affiliates.
Please refer to prospectus for more information regarding lifetime income limitations.
You should carefully consider the investment objectives, risks, and charges and expenses of Hartford's Personal Retirement Manager ® variable annuity and its underlying funds before investing. This and other information can be found in the prospectus for the variable annuity and the prospectuses for the underlying funds, which can be obtained from your investment representative or by calling 800-862-6668. Please read them carefully before you invest or send money.
This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.
The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Please see the prospectus for more details.
If you are investing in a variable annuity through a tax-advantaged retirement plan such as an IRA, you will receive no additional tax advantage from a variable annuity. Under these circumstances, you should only consider buying a variable annuity if it makes sense because of the annuity's other features, such as lifetime income payments and death benefit protection. Features that provide lifetime income are optional and can be purchased at an additional cost.
Hartford's Personal Retirement Manager C-Share is a flexible premium variable annuity issued by Hartford Life Insurance Company, Simsbury, CT or Hartford Life and Annuity Insurance Company, Simsbury, CT: HL/LA-VA03, HL/LA-VA03(Rev. 01-10), HL/LA-VA03(30), HL/LA-VA03(CA), HL/LA-VA03CO, HL/LA-VA03CT, HL/LA-VA03(20), HL/LA-VA03FL(01-09), HL/LA-VA03(P), HL/LA-VA03ID, HL/LA-VA03(20)KS, HL/LA-VA03(30P), HL/LA-VA03(20P), HL/LA-VA03(30)MD, HL/LA-VA03MN, HL/LA-VA03(20P)MO, HL/LA-VA03(30)MT(Rev. 08-09), HL/LA-VA03ND, HL/LA-VA03(30)NH, HL/LA-VA03(20)NM, HL/LA-VA03OK, HL/LA-VA03(30)OR, HL/LA-VA03(20)PA, HL/LA-VA03(20P)SC(Rev. 09-09), HL/LA-VA03TX(01/08), HL/LA-VA03-1, HL/LA-VA03(20)WI(Rev. 08-09), HL-VA03NY. Hartford's Personal Retirement Manager C-Share is underwritten and distributed by Hartford Securities Distribution Company, Inc.
ANN 101504 0810