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Catalina Structured Funding

Selling Talcott Structured Settlement Payments

If your structured settlement is issued by Talcott Resolution (formerly Hartford Life), you can sell some or all of your future payments for a lump sum. We have dealt with Talcott transfers many times and know what to expect from their run-off operation.

If you receive structured settlement payments from Talcott Resolution (formerly Hartford Life), your annuity was issued by one of the major structured settlement providers of the 1980s, 1990s, and 2000s. Hartford wrote tens of thousands of structured settlement annuities before selling its life and annuity business. Whether your paperwork says “Hartford Life,” “Hartford Life and Annuity,” or “Talcott Resolution,” the underlying obligation is the same. We regularly purchase Talcott/Hartford structured settlement payments and have no problems working with them.

The Hartford-to-Talcott Transition

Hartford Life Insurance Company and Hartford Life and Annuity Insurance Company were major structured settlement issuers under The Hartford Financial Services Group. Some older contracts may reference “ITT Hartford”. Hartford was part of ITT Corporation until separating in 1995.

In 2018, The Hartford sold its life and annuity run-off business to an investor consortium led by Cornell Capital (affiliated with Atlas Merchant Capital) for approximately $2.05 billion. Other investors included TRB Advisors. The business was rebranded as Talcott Resolution Life Insurance Company and Talcott Resolution Life and Annuity Insurance Company.

Talcott Resolution is now part of Talcott Financial Group, headquartered in Hartford, Connecticut.

Important: Talcott is a closed block. They do not write new structured settlement business. They are in run-off mode, administering existing contracts. All obligations from your original Hartford annuity remain in force.

New Third-Party Administrator: Cognizant

Talcott has appointed Cognizant Technology Solutions Services, LLC as their third-party administrator (TPA). Cognizant now handles day-to-day administrative services for Talcott annuities, including customer support and claims processing. If you call Talcott and are routed to Cognizant, that is expected.

This change does not affect your annuity in any way. All policy terms, benefits, and contract provisions remain exactly the same. Talcott remains the issuer of your annuity. Cognizant is simply the company handling the administrative work on Talcott's behalf. If you have questions or need a Verification of Benefits (VOB) letter, you may be directed to annuities.cognisurance.com or the same Talcott phone number listed below.

We have already worked with Cognizant on Talcott transfers and know how their process works. If you are selling your Talcott payments, this TPA change does not add any steps or delays to your transaction.

Which Entity Issued Your Annuity

  • Hartford Life Insurance Company: primary issuer
  • Hartford Life and Annuity Insurance Company Also issued structured settlement annuities
  • ITT Hartford Life and Annuity Insurance Company Older entity name from before the 1995 separation from ITT

All are now operating as Talcott Resolution entities. Your original Hartford policy number should still be valid.

How to Get Your Talcott Benefits Letter (Verification of Benefits)

Before a transaction can proceed, you will need a Verification of Benefits letter from Talcott. This letter confirms your payment amounts, dates, frequency, duration, and whether payments are guaranteed or life contingent. Here is how to request one:

  • Call Talcott Structured Settlements/Pensions at (800) 678-2282
  • Fax: (866) 913-1089
  • Mail: One American Row, Hartford, CT 06103
  • You'll need: your contract/policy number (Hartford-era numbers are still valid), full name, SSN, date of birth
  • As a run-off operation, Talcott's response times may be slower than active carriers. Expect 2–4 weeks

Tip: You do not need a benefits letter to get a free quote from CSF. Call us at (800) 317-3769 and we can help you gather the information we need to provide an accurate quote.

How CSF Handles Talcott Transfers

CSF has a simplified process for purchasing Talcott structured settlement payments:

  1. Free quote: call (800) 317-3769 or request a quote online
  2. Deal structuring: CSF reviews your payment schedule and structures the transaction
  3. Court filings: we handle all court filings and legal paperwork, including proper notice to Talcott Resolution
  4. Talcott processing: after court approval, Talcott processes the transfer
  5. Lump sum payment: you receive your lump sum

Keep in mind that court filings may need to reference both the original entity name and the current name (e.g., “Hartford Life Insurance Company, now known as Talcott Resolution Life Insurance Company”). We handle this administrative detail as part of our standard process. One thing we have noticed with Talcott: because they are a run-off operation with a smaller staff, their VOB letters and post-approval processing can take a bit longer than active carriers. We build that into our timeline estimates so you know what to expect up front. If you have questions, call us at (800) 317-3769.

Frequently Asked Questions

Is Hartford still my annuity issuer?
Hartford sold its life and annuity business to Talcott Resolution in 2018. Your annuity obligations are now administered by Talcott, but the terms of your original Hartford contract remain unchanged. Your Hartford policy number should still be valid, and all payment obligations carry over to Talcott Resolution.
Can I sell my Talcott structured settlement?
Yes, you have the legal right to sell some or all of your future payments through a court-approved transfer. Every state has a Structured Settlement Protection Act (SSPA) that allows you to transfer your payments after receiving court approval. CSF has extensive experience purchasing Talcott/Hartford structured settlement payments nationwide.
Does it matter if my paperwork says Hartford or Talcott?
No. Hartford Life, Hartford Life and Annuity, ITT Hartford, and Talcott Resolution all refer to the same underlying obligations. Your original contract terms are unchanged regardless of the entity name on your paperwork. CSF handles the administrative details of referencing both names in court filings when necessary.
Is Talcott financially stable?
Talcott Resolution assumed approximately $55-60 billion in total reserves when it separated from Hartford. The company is regulated by the Connecticut Insurance Department and continues to meet all obligations to policyholders. Talcott has appointed Cognizant Technology Solutions as their third-party administrator for day-to-day operations, but Talcott remains the issuer and all contract terms are unchanged.
Can I sell life contingent Talcott payments?
Yes, CSF specializes in purchasing life contingent payments that many other companies won't touch. Life contingent payments carry actuarial risk because they stop when the measuring life passes away, so not every company will buy them. CSF has the underwriting expertise and funding partners to purchase these payments at competitive rates.
How long does a Talcott transfer take?
Typically 30-60 days depending on your state. As a run-off operation, Talcott's administrative processing may take slightly longer than active carriers, but CSF accounts for this in our timeline estimates. The majority of the timeline depends on your state's court scheduling rather than Talcott's processing.

Get a Free Quote for Your Talcott Payments

The best way to find out what your Talcott payments are worth is to get a quote. There is no cost, no obligation, and no pressure.

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