The program offers access to 106 investment options from 25 money managers, with no proprietary investment option requirements, according to the firm.
The Aviator program is available through a group variable funding agreement and will be distributed through a national network of financial professionals. Plan sponsors can choose to work with local third party administrators or choose to use a full-service platform. Unless prior plan expenses are offset — an additional program feature, according to the Hartford – the platform has no contingent deferred sales charge.
They also have the option to choose among automated program features such as electronic:
- payment and remittance, and
- plan compliance services (available to full-service plans only)
TheHartford offers the new program in all states except WA, WI, and PA, where Aviator I, a group variable annuity version of the program, is approved.