Last week, The Hartford announced that it is placing its individual annuity business “into runoff,” as the company put it, while it pursues sales or other alternatives for individual life insurance and retirement plans.
In response, Edward Jones has stopped offering Hartford annuities. Annuity sales were discontinued because Hartford announced it would be discontinuing annuity sales in April, Merry Mosbacher, principal, insurance marketing, Edward Jones, told On Wall Street.
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