Local Independent Beacon Point Insurance Group Selected To Offer The Hartford’s AARP Homeowners Insurance Program
o Beacon Point Insurance Group (Independence, MO 03/01/2012), already authorized to sell the popular AARP auto insurance program, can now bundle that auto policy with The Hartford’s AARP Homeowners Insurance Program
o Beacon Point Insurance Group was chosen for demonstrating a commitment to community service; meeting a high-level of business and ethical standards; and completing a training program designed to address the needs of the 50+ population
Independence, MO 03/01/2012
—The Hartford today announced today that it is making its award-winning
AARP®-branded homeowners insurance program available through Beacon Point Insurance Group. According to research from The Hartford, 60 percent of consumers prefer to buy their auto and home insurance as a bundled policy. Based on this research and strong customer demand, The Hartford is now offering the AARP-branded home insurance program through select, authorized independent agents, allowing consumers to purchase both AARP-branded home and auto insurance from a local independent agency.
“For more than 25 years, the industry-leading AARP-branded homeowners insurance program from The Hartford has been extremely popular,” said Jim Flynn, vice president, The Hartford. “Much of the success of this program is due to innovative product features and a commitment to truly understand and support our customers. We are thrilled to now be able to offer both home and auto insurance as a bundled package with our independent agent partners.” Beacon Point Insurance Group was chosen after satisfying a number of eligibility requirements, which included: demonstrating a commitment to community service; meeting a high-level of business and ethical standards; and completing a training program designed to address the needs of the 50+ population. These products were previously only available from The Hartford by phone, the Internet and by mail.
The AARP-branded home insurance program is designed in consultation with The Hartford Advance 50 Team, which helps to tailor products and services specifically to the interests and needs of Boomers and older adults.
Other unique hallmarks of the program include:
o Lifetime Renewability – assures that the customer’s insurance policy will not be dropped as long as a few simple requirements are met.
o Standard 12-month rate protection versus the traditional six month policies offered by most companies.
In addition, the program features unique optional coverage such as:
o Green Rebuilding Coverage – Offers additional coverage for using environmentally-friendly materials or processes to make repairs after a covered loss or making necessary replacements with more energy efficient or environmentally-friendly property.
o The Hartford ID Restore Service – provides identity theft counseling and assistance, both preventive and post loss recovery.
About Beacon Point Insurance Group
Independent Agency specializing in protecting those entering the retirement phase of life. We create balanced protection programs blending auto & home insurance with life and medicare supplemental products.
About The Hartford
The Hartford Financial Services Group Inc. (NYSE: HIG) is a leading provider of insurance and wealth management services for millions of consumers and businesses worldwide. The Hartford is consistently recognized for its superior service and as one of the world’s most ethical companies. More information on the company and its financial performance is available at www.thehartford.com
ABOUT AARP SERVICES, INC.
AARP Services, Inc., founded in 1999, is a wholly-owned taxable subsidiary of AARP. AARP Services manages the provider relationships for and performs quality control oversight of the wide range of products and services that carry the AARP name and are made available by independent providers as benefits to AARP’s millions of members. The provider offers currently span health products, financial products, travel and leisure products, and life event services. Specific products include Medicare supplemental insurance; credit cards, auto and home, mobile home and motorcycle insurance, life insurance and annuities; member discounts on rental cars, cruises, vacation packages and lodging; special offers on technology and gifts; pharmacy services; legal services; and long-term care insurance. AARP Services also engages in new product development activities for AARP and provides certain consulting services to outside companies.
AARP is a nonprofit, nonpartisan organization with a membership that helps people 50+ have independence, choice and control in ways that are beneficial and affordable to them and society as a whole. AARP does not endorse candidates for public office or make contributions to either political campaigns or candidates. We produce AARP The Magazine, the definitive voice for 50+ Americans and the world’s largest-circulation magazine with over 35.1 million readers; AARP Bulletin, the go-to news source for AARP’s millions of members and Americans 50+; AARP VIVA, the only bilingual U.S. publication dedicated exclusively to the 50+ Hispanic community; and our website, AARP.org. AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. We have staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2010 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
Media Contact: Travis Gensler
201 W Lexington Ave, Suite 309
Independence, MO 64050