Talcott Resolution at a Glance: Rates, Products and Reviews

Talcott Resolution Life Insurance Company is a company with a long history. Originally Hartford Life Insurance Company, Talcott became a provider of life insurance and annuity products before shifting its focus to the reinsurance of other company policies.

Today, Talcott Resolution Life Insurance continues to service existing contracts, but it no longer accepts new contracts.

Talcott Resolution Life Insurance Company was established through the incorporation of Hartford Life Insurance Company. It began selling life insurance and annuity products in 1978, and by 2003, it had become the top seller of variable annuities in the industry, with $190 billion of assets under management by 2007.

In 2018, Talcott Resolution became an independent insurer. At the end of 2021, it entered into a reinsurance agreement with Allianz Life, inheriting $20 billion of fixed indexed annuity liabilities with a Bermuda affiliate. Today, with the backing of Sixth Street, it serves approximately 900,000 customers with $91 billion in assets.

Talcott Resolution may be small, comprising just 0.013% of market share, but it brings a dedicated workforce to its policyholders. Its employees average 14 years with the company, while its leadership team averages more than 25 years of experience within the industry.

It is a company dedicated to community involvement and charitable causes with a focus on the Greater Hartford, Connecticut, Twin Cities, Minnesota and Philadelphia, Pennsylvania areas​. Its employees have collectively volunteered over 3,400 hours and delivered more than 840,000 meals to those in need. The company places a concentrated focus on food insecurity and education while supporting causes like Habitat for Humanity, the Boys and Girls Clubs and Junior Achievement to make a difference in the community.

Talcott Resolution, a reliable provider of annuities, boasts impressive credit ratings, including an A- from AM Best and an A- from Fitch, reflecting its strong financial stability and backing.

AM Best is a credit rating agency that assigns companies financial strength ratings. Talcott Resolution receives an A- (Excellent) rating, showing that it enjoys strong financial backing and is a reliable provider for annuities.

Talcott Resolution has a long history of reinsuring policies from other insurers, showing continued financial stability since its founding.

Today, it still holds strong. From S&P Global, it receives a BBB+ rating. It is not the highest score but certainly not the worst, either. It fares better with Fitch ratings, earning an A- for its credit rating.

Talcott Resolution Life Insurance Company accounts for just 0.08% of market complaints with a below-average company complaint index. Although it is not accredited by the Better Business Bureau (BBB), it earns a B+ rating based on ten complaints in the last year, four of which occurred in the last year. It has just one negative review, which complains of rate increases and payment issues.

It does not rate in the J.D. Power 2023 U.S. Individual Life Insurance Study, nor is there a rating for Talcott Resolution annuities.

Talcott Resolution provides a selection of annuities aimed at helping individuals achieve a stable income in retirement. These products offer potential advantages for long-term financial planning, though they also have some limitations. Here’s an overview of the pros and cons to keep in mind when considering a Talcott Resolution annuity for your retirement needs.

While Talcott Resolution Life Insurance Company is not available to new customers, it does continue to provide superior customer service and delivers peace of mind with a strong credit rating. By adopting the policies of Allianz and The Hartford, Talcott Resolution has only become a stronger player in the retirement planning space, offering continued service and reliability for life insurance and annuity products.

Editor Norah Layne contributed to this article.