In an effort to expand its annuity business, The Hartford is expanding into the structured settlement annuity market, providing tax-free payouts to people who receive settlements related to a workers’ compensation or personal injury claim.

“Building our annuity business is an important part of our wealth management strategy, and we are committed to rejuvenating our market position through new products and expanded distribution,” said David Levenson, president of wealth management at The Hartford.

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