Should the Plan Dividend payment be included in my gross income for federal income tax purposes?
The following information is not intended to be tax advice, and you should consult your tax consultant for advice on all tax matters that may affect your Plan Dividend distribution election. If you have an active Hartford deferred annuity or life insurance policy, your Plan Dividend payment will be applied to your policy and continue to grow tax-deferred. If your Hartford deferred annuity or life insurance policy is no longer in force, you should have made an election and returned the Distribution Request Form to the Trustee of the Trust* before November 17, 2000, to indicate whether taxes should be withheld from your Plan Dividend payment. Current tax law requires that a federal income tax of ten percent (10%) be withheld from the taxable portion of certain payments you receive from life insurance and annuity contracts, unless you have informed the Trust that you elect not to have tax withheld from those payments. Even if you elect not to have federal income tax withheld, you are stil
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