SIMSBURY, Conn. - Hartford Life, a subsidiary of The Hartford Financial Services Group Inc., has entered an agreement to offer its products to customers of Wausau Benefits Inc. of Wausau, Wis.
The administrator will be able to sell Hartford Life group life products starting Feb. 1 and group disability products shortly thereafter, and Wausau's group life business will be transferred to Hartford Life.
"This is an attractive opportunity for Hartford Life that perfectly complements our strategy of developing multiple distribution channels," Dong Ahn, Hartford Life senior vice president and director of employer markets, said in a new release.
Wausau Benefits, which has enrolled about 1.4 million employees from 180 client firms, sells through independent agents, regional brokers, and consultants. In October it separated from Wausau Insurance Cos., a member of the Liberty Mutual Group, through a management-led buyout.
Hartford Life is a unit of The Hartford Financial Services Group Inc., which has assets of $177.2 billion.