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Although Hartford is mentioned in the original post, I didn't think that this thread was about Hartford in particular, but more about issues with whether guarantees would be able to be kept with these types of products. In the original article...

I no longer subscribe so I cannot access the full article but I am familiar with the changes many of the others have made - and they made them in a much more timely manner than Hartford.

Hartford has completely left the individual annuity market because of their losses. Metlife, AXA and others have significantly changed their riders (for new applicants) over the past five years in order to ensure that they don't make some of the same mistakes Hartford made. Doesn't mean they are fool proof but it does likely mean that those existing contracts are unlikely to face anything like Hartford has done. For example, AXA stopped allowing new money to be added to some of their contracts and offered buyouts to people with certain riders.

No new account today is nearly is nice (guarantees, benefits, low(er) fees, and investment options) as they were back in 2006 and 2007.
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