The Hartford Enhances Voluntary Benefits Capabilities With Sales, Enrollment, Product Updates
The
Hartford enhanced its voluntary
benefits infrastructure, with investments in a new partnership for
advanced enrollment capabilities, an expanded sales and service team,
and increased availability of its new voluntary disability product.
“Expanding voluntary benefits is a key growth strategy for The
Hartford,” said Mike Concannon, executive vice president of The
Hartford’s Group
Benefits. “We are committed to building on our leadership position
in the group benefits marketplace and expanding our voluntary benefits
capabilities to respond to the needs of benefits brokers, employers, and
employees.”
The Hartford announced a partnership with Selerix Systems to provide an
expanded benefits enrollment platform. The Hartford will launch the new
enrollment platform starting this fall and continuing into early 2014.
The new platform will integrate with The Hartford’s existing digital
tools to support self-service enrollment for companies with 50 or more
employees. The Hartford’s service teams will support enrollment and
medical underwriting, but employers and brokers can also work directly
with Selerix to support non-Hartford core benefits enrollment.
The Hartford’s enhanced voluntary infrastructure includes new dedicated
roles in the sales and service organizations. A voluntary sales manager
and regional sales executives will support field sales and account
management teams in delivering expert consultation to brokers and
employers. The Hartford also created national practice leads to provide
case-level consulting for complex cases while supporting strategic
voluntary initiatives, such as DisabilityFLEX.sm
In addition to the enhanced enrollment, sales and services resources,
The Hartford is expanding its product availability, making
DisabilityFLEX available to employers with more than 1,000 employees.
Launched in January to employers with 50 to 999 employees,
DisabilityFLEX allows employees to customize their income protection in
three key ways – how much money they receive, when, and for how long if
they are unable to work due to an off-the-job injury or illness.
“Our specialized team will provide key consultation for brokers and
employers who want to add voluntary to their benefits packages,” said Mike
Fish, vice president of The Hartford’s voluntary benefits. “Our
enhanced enrollment platform and new product will make it easy for
employees to sign up for the personalized paycheck protection that they
want to protect their future.”
The Hartford's Group Benefits business helps companies offer their
employees ways to prepare, protect, and prevail even if the unexpected
happens. A market leader in providing employer-paid and voluntary
life, disability and accident insurance, it also offers a range of absence
management services. Ranked first in new accidental death &
dismemberment sales, 1 The Hartford ranks fourth in new
combined fully insured disability and group life sales.1
About The Hartford
With more than 200 years of expertise,
The Hartford (NYSE:HIG) is a leader in property and casualty insurance,
group benefits and mutual funds. The company is widely recognized for
its excellence, sustainability practices, trust and integrity. More
information on the company and its financial performance is available at www.thehartford.com.
Join us on Facebook at www.facebook.com/TheHartford.
Follow us on Twitter at www.twitter.com/TheHartford.
The Hartford® is The Hartford Financial Services Group, Inc.
and its subsidiaries, including issuing companies Hartford Life
Insurance Company and Hartford Life and Accident Insurance Company.
Policies sold in New York are underwritten by Hartford Life Insurance
Company. The headquarters of both companies is Simsbury, Conn.
HIG-M
Some of the statements in this release may be considered forward-looking
statements as defined in the Private Securities Litigation Reform Act of
1995. We caution investors that these forward-looking statements are not
guarantees of future performance, and actual results may differ
materially. Investors should consider the important risks and
uncertainties that may cause actual results to differ. These important
risks and uncertainties include those discussed in our Quarterly Reports
on Form 10-Q, our 2012 Annual Report on Form 10-K and the other filings
we make with the Securities and Exchange Commission. We assume no
obligation to update this release, which speaks as of the date issued.
1. LIMRA, Q3 2012 sales results.
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