14.03.2007 13:30:00
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The Hartford's New Marketing Campaign Encourages Baby Boomers to ''Prepare to Live'' in Retirement
While pundits debate recent research about whether or not Americans are
saving too much for retirement, The Hartford Financial Services Group,
Inc. (NYSE: HIG), one of the nation’s largest
financial services and insurance companies, is launching a new marketing
campaign encouraging Baby Boomers to "Prepare
to Live” in retirement. Launching in March
2007, and tied to the company’s NCAA®
corporate partnership, the campaign features new, 15-second television
commercials and print and Internet advertising that focus on confident
planning, control and choice in retirement planning.
"Times have changed,”
said Ann Glover, chief marketing officer for The Hartford. "Workers
know they cannot depend on social security benefits, defined pension
programs or retiree health benefits to fund their retirement, and are
unsure about their ability to pay for rising health care costs in
retirement. Through this campaign, we are encouraging Baby Boomers to
understand their personal financial picture and goals and take control
of their financial future. By seeking education and facts about their
own situation, they can prepare with confidence for what should be one
of the most rewarding times in their lives –
their retirement.”
The series of new 15-second T.V. spots feature the iconic red hart Stag,
but in a new and modern computer-generated imaging format. In the spots,
a silhouetted Stag serves as a trusted guide, finding his way through
various terrain and obstacles before returning to his traditional,
ceremonious pose on top of the mountain. Set to upbeat, energetic music,
the voice over in one spot reminds customers that, "You
only retire once, provided you do it right.”
In another spot, the voice over asks customers, "One
day you’ll greet retirement. How open will
your arms be?” The spots were conceived by
The Hartford’s Minneapolis-based advertising
agency of record, Campbell Mithun, and Eyeball NYC was tapped to create
the 3D animation.
"The Stag serves as a symbol of stability,
strength and wisdom -- features that Baby Boomers look for in a
retirement partner. The shorter ads and strong color palette of maroon
and yellow are designed to break through the clutter in a world where
consumers’ attention spans are declining and
media has become pervasive,” Glover added.
The new T.V. spots will run during NCAA®
basketball and football games and PGA Tour events. In addition, The
Hartford will bring back its highly recognized "Trophy”
and "Trading Floor”
spots to run during NCAA® March Madness®.
In "Trophy,” the
Stag makes his way though a trophy-lined corridor onto the basketball
court where the legendary John Wooden coached teams to an unmatched
record of 10 NCAA Division I men’s basketball
championships. Throughout the spot, Coach Wooden is overheard offering
stirring comments on winning with integrity and the importance of trust.
The marketing campaign is part of the company’s
concentrated effort to help support financial professionals and their
Baby Boomer customers as they approach retirement age. The Hartford
partners with the Massachusetts Institute of Technology (MIT) AgeLab to
understand the psychographics and behavioral economics associated with
retirement saving, along with other longevity and aging issues facing
the world in the 21st century. Together, the two organizations will
probe the growing uncertainty surrounding retirement, the changing
family and workplace and the role of women in the decision-making
process.
In addition, this past year, the company launched The Hartford's
Retirement Solutions Group, a newly formed team of retirement experts
that provides assistance and coaching on financial planning concepts for
the company's advisor clients. The Hartford also continues to launch
innovative products in this space, such as The Hartford Income Security,
a new product to help advisors assist clients in meeting the financial
challenges posed by increases in longevity.
"Our advertising has helped us significantly
increase our visibility as a leading provider of financial services in
the eyes of brokers, agents and our target Baby Boomer customers. We
want them to know that we have the products they need for retirement.
Last year, our mutual fund assets under management grew 33 percent,
crossing the $40 billion milestone for the first time and our new
variable annuity features, such as Lifetime Income Builder II continue
to gain traction,” said Glover.
The Hartford will capitalize on the success of last season’s
NCAA® March Madness®
on Demand, which allows fans to watch live and archived game broadcasts
of CBS Sports television coverage of the NCAA Division I men’s
basketball championship on their computers for free. The Hartford
television advertising will be imbedded in the games’
airings, providing additional viewership of the company’s
messages.
The Hartford will also run new print advertising that mirrors the look
and feel of the new T.V. spots. The print campaign will run in
well-known news and thought leader publications, such as National
Geographic, The New Yorker, Time, Newsweek, Smithsonian, Money and Fortune,
to name a few. The innovative and high impact print campaign includes "butterfly
gatefold” advertisements in addition to
two-page spreads.
Again this year, The Hartford will offer a number of engagement programs
to get its employees in the spirit of NCAA®
March Madness®. Planned activities include
bracket and trivia contests where employees are chosen at random to win
small prize packs and free-throw shooting competitions.
The Hartford is an Official Corporate Partner of the NCAA and
participates in a wide range of joint initiatives, including The Hartford’s
Playbook for Life. This national effort helps students succeed
off the athletic field by teaching them to begin a discipline of savings
and preparing them to face the many personal finance challenges that
await them after graduation. More information on the program is
available at www.playbook.thehartford.com.
About the NCAA
The NCAA is a membership-led nonprofit association of colleges and
universities committed to supporting academic and athletic opportunities
for more than 380,000 student-athletes at more than 1,000 member
colleges and universities. Each year, more than 49,000 student-athletes
compete in NCAA championships in Divisions I, II and III sports. Visit www.ncaa.org
and www.ncaasports.com
for more details about the Association, its goals and members and
corporate partnerships that help support programs for student-athletes.
The NCAA is proud to have the following elite companies as official
Corporate Champions—Cingular, Coca-Cola and
Pontiac—and the following elite companies as
official Corporate Partners—DiGiorno,
Enterprise, The Hartford, Lowe’s and State
Farm.
The Hartford, a Fortune 100 company, is one of the nation's largest
financial services and insurance companies, with 2006 revenues of $26.5
billion. The Hartford is a leading provider of investment products, life
insurance and group benefits; automobile and homeowners products; and
business property and casualty insurance. International operations are
located in Japan, Brazil and the United Kingdom. The Hartford's Internet
address is www.thehartford.com.
HIG-C
Some of the statements in this release should be considered
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. These include statements about our future
results of operations. 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, without limitation, those discussed in
our Quarterly Reports on Form 10-Q, our 2006 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.
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