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Although Talcott Resolution Life Insurance Company no longer sells life insurance, you can still buy insurance from its issuing company, Prudential Life.
- Pros and Cons
- Key Takeaways
- Company Overview
Servicing existing annuities
Policies issued via Prudential
No longer accepting new business
Policy information not available
- Founded in 1902, Talcott Resolution Life Insurance Company has sold life insurance as Hartford Life Insurance Company and then via Prudential.
- Talcott Resolution no longer sells life insurance, instead specializing as a strategic risk solutions partner with $91 billion in assets.
- While life insurance is not available from Talcott Resolution, you can still purchase life insurance from Prudential.
Founded in 1902, Talcott Resolution Life Insurance Company was initially established after being incorporated into Hartford Life Insurance Company. It began selling corporate and bank-owned life insurance before changing focus to strategic risk solutions in 2013.
Since becoming an independent issuer in 2018, Talcott Resolution serves 900,000 customers today, overseeing $91 billion in assets. Its employees have a combined average experience of 14 years, while its leadership team collectively holds an average of more than 25 years in the industry.
Talcott Resolution Life Insurance Company is no longer available in the U.S. for life insurance.
- Year Founded 1902
- Kinds of Plans Pre-existing annuities only
- Number of Plans 0
- Payment Plan Options N/A
- Customer Service 1-800-862-6668: Monday through Thursday: 8 a.m. to 7 p.m. EST; Friday: 9:15 a.m. to 6 p.m. EST
- Official Website www.talcottresolution.com
Talcott Resolution is not one of our top-rated life insurance companies. You can review our list of the best life insurance companies for what we think are better options.
- Servicing existing annuities: Although it does not accept new business, Talcott Resolution still serves active annuities accounts.
- Policies issued via Prudential: Talcott Resolution’s policies are issued and serviced by Prudential.
- No longer accepting new business: Even with great ratings, Talcott Resolution is not an option for new life insurance policies.
- Policy information not available: No policy information is available for any of Talcott Resolution’s former life insurance policies.
The best life insurance companies offer several types of life insurance, such as whole life, term, universal, and final expense coverage.
However, Talcott Resolution Life Insurance Company no longer sells life insurance policies.
Talcott Resolution Life Insurance Company is not actively selling life insurance policies.
Riders are add-on coverage options that offer personalized protection on top of existing insurance coverage. There are many common life insurance riders, such as child or spouse coverage riders, waiver of premium riders, and accelerated death benefit riders.
However, because Talcott Resolution does not sell life insurance, no riders are available.
To contact Talcott Resolution Life Insurance Company, customer support is available via several departments.
|Talcott Resolution Life Insurance Company
1 Griffin Road North
Windsor, CT 06095
|General Inquiries||Monday through Thursday: 8 a.m. to 7 p.m. EST; Friday: 9:15 a.m. to 6 p.m. EST||1-800-862-6668|
|Life Insurance||Monday through Friday: 8:30 a.m. to 7 p.m. EST||Traditional life: 1-800-243-5433; Variable life: 1-800-231-5453|
|Annuities||Monday through Thursday: 8 a.m. to 7 p.m. EST; Friday: 9:15 a.m. to 6 p.m. EST||In force: 1-800-862-6668; Annuitized: 1-877-372-2935|
One of the best ways to evaluate a company’s customer satisfaction is to look at its consumer complaint index score from the National Association of Insurance Commissioners (NAIC). Every year, the NAIC collects customer complaint data and assigns each insurance provider a score using a baseline of 1.00.
In 2020, Talcott Resolution received a score of 0.80, and a score of 0.61 in 2019. These below-average ratings are significantly better than its 2018 rating of 1.11.
AM Best is another popular insurance ratings provider that assigns scores based on financial strength. When a company has a high score, it often means efficient and reliable claims processing. However, Talcott Resolution lags behind industry average scores with a B++ (Good) rating from AM Best.
Any remaining Talcott Resolution policies can be canceled by calling 1-800-862-6668. Note that there may be fees and surrender charges associated with cancelling certain life insurance or annuity policies.
Because Talcott Resolution is not selling new policies, pricing is not available. However, you can obtain personalized pricing directly through Prudential.
The price of life insurance typically depends on several rate factors. This includes an applicant’s age, medical record, and family history. Gender is another factor that can impact price, with most providers calculating rates not on current gender identity but rather on your sex at birth.
To price life insurance, you can contact Prudential or another highly rated life insurer.
To better understand how Talcott Resolution fares in comparison to the rest of the industry, we consider New York Life as one of our best life insurance companies. New York Life is the third-largest company in the industry and is significantly larger than Talcott Resolution, which does not have any plans available. Talcott Resolution’s $310 million dividends are just a fraction of New York Life’s dividends of $1.9 billion.
|Talcott Resolution||New York Life|
|Market Share||0.018%||Third-largest in U.S., 5.7%|
|Number of Plans||0||10|
|Dividends for 2020||$310 million||$1.9 billion|
|Wellness Program Discounts/Quit Smoking Incentives||N/A||N/A|
|AM Best Rating||B++ (Good)||A++ (Superior)|
|Price Rank||N/A||Better than most|
|Complaints Trend||0.08 Excellent||0.15 Excellent|
Life insurance is no longer available for new customers from Talcott Resolution Life Insurance Company. However, Prudential can help with new policies as a previous issuer of Talcott Resolution policies.
Our Methodology: How We Review Life Insurance Carriers
To find the best life insurance companies today, we use Investopedia’s Life Insurance Review Methodology to rate life insurance companies, offering a systematic analysis of today’s leading insurance providers. We compare and analyze critical factors, such as available coverage and riders, pricing, and eligibility requirements. We also refer to leading industry ratings providers, such as AM Best and the National Association of Insurance Commissioners, to determine financial strength and customer satisfaction. Based on these factors and more, we present an upfront and comprehensive look at each insurance provider so you can choose the best provider for you.