Types of Insurance

Protection for All Seasons of Life

Is the long-term security of your family important? Do you want your business to survive downturns in the economy? Are you interested in protecting your estate so you can pass it on to your heirs with the assets intact? If you answered yes to any of these questions, life insurance may help.

• In the early years, life insurance can help protect your family in the event you die, replacing lost income and helping to pay for short-term debts like car loans and mortgages.
• When your family grows and the kids move out, life insurance can help ensure that you have financial resources for future needs, like keeping your business afloat.
• And as you prepare for the last years of your journey, life insurance can play a key role in legacy planning and also help supplement your retirement income.

While the uses of life insurance are many, its bedrock is the death benefit. Every life insurance product, no matter what need it serves, has a death benefit as its basic foundation, providing an element of security that is hard to match.

What life insurance options will work best for you and your family depend on your particular situation.

Two Primary Types of Life Insurance

Life insurance can generally be grouped into two categories: term insurance for temporary needs and permanent insurance for life-long planning strategies.

Term Life Insurance

Term life insurance is life insurance protection that pays a predetermined sum if you die during a specified period of time.

• Your policy payments, or "premiums," are used to cover the cost of the insurance
• There's generally no cash value accumulation
• It's generally the least expensive form of life insurance protection

Permanent Life Insurance

Permanent insurance provides lifetime insurance protection. In addition:

• You can accumulate cash value that you can access through policy loans and withdrawals¹
• Premiums are generally higher than term insurance premiums because you're getting lifelong death benefit protection
• There's the potential for tax-deferred cash value accumulation
• Supplemental benefits (some for an additional cost) are often available to help you customize your coverage to your personal needs and objectives.

The cash value and supplemental benefits of permanent life insurance are features you may experience while you are living. These living benefits can help supplement your retirement income, help cover the costs of chronic illness, and help with business planning, college tuition, charitable planning and more.

Permanent life insurance generally includes whole life, universal life, variable universal life and indexed universal life. The chart below gives you a snapshot of the different types of life insurance and how they compare.

Types of Life Insurance Compared

*As long as the necessary premiums are paid.

To learn more about life insurance and how it may help meet your personal needs, contact your financial professional today.

Both loans and withdrawals from a permanent life insurance policy may be subject to penalties and fees and, along with any accrued loan interest, will reduce the policy's Account Value and Death Benefit. Depending upon the performance of a VUL policy's investment choices, the Account Value may be worth more or less than the original amount invested in the policy. Assuming a policy is not a Modified Endowment Contract (MEC), withdrawals are taxed only to the extent that they exceed the policyowner's cost basis in the policy and usually loans are free from current Federal taxation. A policy loan could result in tax consequences if the policy lapses or is surrendered while a loan is outstanding. Distributions from MECs are subject to Federal income tax to the extent of the gain in the policy and taxable distributions are subject to a 10% additional tax prior to age 59½, with certain exceptions.

Guarantees and benefits within this policy are based on the claims-paying ability of the issuing insurance company. Broker/dealers, insurance agencies and their affiliates who sell the policy make no representations or guarantees regarding such ability.

Life insurance policies contain fees and expenses, including cost of insurance, administrative fees and premium loads, surrender charges and other charges or fees that will impact policy values. Variable universal life insurance policies also have additional charges and fund operating expenses.

You should carefully consider the investment objectives, risks, andcharges and expenses of any variable universal life insurance policy and its underlying funds before investing. This and other information can be found in the prospectus for the variable universal life insurance policy, the prospectuses for the underlying funds and appropriate product information, which can be obtained from your financial professional or by calling (800) 231-5453. Please read them carefully before you invest or send money.

This information is written in connection with the promotion or marketing of the matters 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 Hartford" is The Hartford Financial Services Group, Inc. and its subsidiaries, including the issuing companies of Hartford Life Insurance Company (HLI) (New York) and Hartford Life and Annuity Insurance Company (HLA) (Outside New York), Simsbury, CT. The mailing address for both issuers is PO Box 2999, Hartford, CT 06104-2999.

Variable life insurance products discussed in this material are distributed by Hartford Equity Sales Company, Inc. (HESCO), a broker/dealer affiliate of The Hartford.

Hartford Bicentennial Term 10, 15, 20, 30: HLI policy form # HL-19209(06)(NY). HLA policy form # LA-1276(06) and may include state abbreviations. Features may vary by state.

Hartford ExtraOrdinary Whole Life is a non-participating whole life insurance policy. HLI policy form # HL-19250(07)(NY). HLA policy form # LA-1310(07) and may include state abbreviations. Features may vary by state.

Hartford Founders Plus UL is a flexible premium universal life insurance policy.  HLI policy form # HL-19323(11)NY. HLA Interstate Compact policy form # ICC11-1366.  HLA non-Interstate Compact policy form # LA-1366(11) and may include state abbreviations. Features may vary by state.

Hartford Joint Founders Plus UL is a flexible premium last survivor universal life insurance policy. HLI policy form #HL-19355(12)NY. HLA Interstate Compact policy form # ICC12-1379. HLA non-Interstate Compact policy form # LA-1379(12) and may include state abbreviations. Features may vary by state.

Hartford Bicentennial UL Freedom is a flexible premium universal life insurance policy.  HLI policy form # HL-15908(04)(NY). HLA policy form # LA-1252(04) and may include state abbreviations. Features may vary by state.

Hartford Bicentennial UL Joint Freedom II is a last survivor flexible premium universal life insurance policy.  HLI policy form # HL-15925(05)(NY). HLA policy form # LA-1264(05) and may include state abbreviations. Features may vary by state.

Hartford Leaders VUL Legacy is a flexible premium variable universal life insurance policy. HLI policy form # HL-15894(03)(NY). HLA policy form # LA-1238(03) and may include state abbreviations. Features may vary by state.

Hartford Leaders VUL Joint Legacy II is a last survivor flexible premium variable universal life insurance policy. HLI policy form # HL-19217(06)(NY). HLA policy form # LA-1287(06) and may include state abbreviations. Features may vary by state.

Hartford Leaders VUL Liberty 2012 is a flexible premium variable universal life insurance policy. Interstate compact policy form #ICC12-1375. HLI policy form # HL-19348(12)(NY). HLA policy form # LA-1375(12) and may include state abbreviations. Features may vary by state.

Hartford Frontier 2012 Indexed UL is a Flexible Premium Universal Life insurance policy. HLI policy form # HL-19337(12)NY. HLA Interstate Compact policy form # ICC12-1377. HLA non-Interstate Compact policy form # LA-1377(12) and may include state abbreviations. Features may vary by state.

Hartford Bicentennial UL Founders II is a flexible premium universal life insurance policy. HLI policy form # HL-19263(08)(NY)Rev. HLA policy form # LA-1308(08)Rev and may include state abbreviations. Features may vary by state.