If you’re looking for Guardian Life Insurance Reviews, you’ve come to the right place. Life Insurance Blog will give you the information you’re looking for about Guardian Life in order for you to make an informed decision if they’re the top life insurance company for you.
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Guardian Life Insurance Reviews
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Guardian Life Insurance Company
Review Summary
Guardian Life is one of the most respected insurance carriers in the industry. Guardian Life is a mutual life insurance company. This means that they are structured so the policy owners are the focus of the company vs structured as a stock company. With a stock company, the company’s main focus is to the stockholders of the company.
About Guardian Life Insurance
The Guardian Life Insurance Company got its start in 1860. Guardian Life is based in New York started out as Germania Life Insurance Company of America. For over 150 years they have earned the trust of consumers as a financially sound mutual life insurance company. Guardian Life is committed to their life insurance policy owners and has an excellent track record over their long history.
Guardian employs over 5,0000 employes around the world has over $82 billion in assets under their management. With over $565 million of life insurance business in force, you can feel at ease that Guardian Life will be around for many more years to come.
Guardian Life Insurance Financial Ratings
As you can see, all 4 agencies rate Guardian Life as an “A” or better. You’ll be rest assured that if you buy a life insurance policy from Guardian Life, you should feel confident that you bought from a company with a strong financial background.
Financial Strength Ratings
- AM Best: A++
- Moody's: Aa1
- Standard & Poor's: AA+
- Fitch: AA+
How to choose? If you’re comparing companies & looking to choose from two carriers, one rated A+ and one rated A++, either one is likely to be there when you need it. However, if you’re picking carriers that are rated B+ and A+, financial strength could factor in your buying decision. Try to avoid companies that 1 or more financial agencies rate as potentially vulnerable.
One of the most important factors to evaluate is a life insurance company’s financial ratings. Especially in today’s economy, you want to make sure you’re applying with a life insurance company that will be able to pay out now and in the future. There are several financial organizations that rate the financial strength of life insurance companies.
Guardian Life insurance products
What types of life insurance policies does Guardian Life sell? With Guardian Life, you’ll get access to a variety of life insurance types such as Term life, Whole life and Universal life insurance.
Term life insurance
Guardian Life offers term life insurance to shoppers looking for affordable coverage. Term life provides a death benefit for a specific duration of time (the term).
Term life can be bought at 1, 5, 10, 15, 20, 25, and 30 year terms depending on the company. The flexibility of term is one of the reasons personal finance gurus Dave Ramsey and Suze Orman recommend term life insurance, because it’s affordable and can meet your coverage needs.
When you buy a term life policy, you’ll select the term length and benefit amount. If you die within the term period, your beneficiary will receive the death benefit. If you are approaching the end of the term and you still want coverage- you may have a few options.
- One is to convert your policy to a permanent life insurance policy like a Guardian Whole Life policy if that option is available.
- The second, you can renew your policy annually.
- The third, you can purchase an brand new policy.
If you’re wanting to find out how much term life will cost you, visit our life insurance rates by age and find out what a policy could cost you.
Permanent life insurance
You can also opt for another type of policy with Guardian Life. If you’re wanting coverage for your entire life, you’ll want to select a Guardian Life permanent life insurance product. We’ll go over the 2 main types of permanent products that Guardian offers.
Whole Life Insurance
A whole life insurance policy is the oldest and first type of life insurance. It will last for your entire life as long as you pay the premiums. Whole life policies tend to be the most expensive policies in the market. That’s the bad news. The good news is that it has excellent coverage guarantees. A whole life death benefit is guaranteed for your entire life. Whole life has cash value growth guarantees as well as fixed premium guarantees.
Whole life builds cash value which term life does not. Whole life cash value growth happens over the entire life of your policy, although the growth is slow early on. Another great feature about Guardian Life Whole Life insurance is that they pay dividends to their participating life insurance owners. Your Guardian Life dividends can be used a few ways. The dividends can be used as cash loans, used to pay your life insurance premiums, and even pay for more coverage with paid up additions.
Universal Life Insurance
Another popular permanent life insurance policy is Universal life insurance. With Universal life, you’ll get a flexible life insurance policy that allows you to adjust the coverage amount as well as the premium.
Other Products from Guardian Life
Guardian Life Insurance Company offers shoppers some other products that can provide financial protection.
Here are some of Guardian Life’ additional products:
- Investments
- Employee Benefits
- Disability Insurance
- Dental Insurance
- Annuities
Does Guardian Life have the best price?
Will Guardian Life have the lowest price for you life insurance needs? It will depend on several factors. The best life insurance company for you is determined by factors such as:
- Your age
- Gender
- Tobacco use
- Current and past health
- Medications
- Family History
- Lifestyle
There are other factors that can make a big difference in how a life insurance company will rate you. Each company has their own underwriting guides. This means that one company may offer you a better rate compared to another even though they’re both looking at the same information.
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The first step is to get quotes and see who may provide you the best deal:
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How much is Guardian Life insurance?
Finding out how much a Guardian Life insurance policy will cost is the same as any company. You need to apply, go through underwriting, get approved and then you’ll know what your rating will be. Once you have your health class rating, you’ll be able to know exactly how much you’ll pay.
You can always start off and get free instant life insurance quotes to get an idea of what you may pay. You can compare life insurance rates from dozens of the best life insurance companies in the USA.
Is Guardian Life the best company for me?
Guardian Life is a great company who has been in business for over a century. They offer great life insurance products and options. However, knowing if they’re the best company for you is tough to say.
Feel free to contact Guardian Life to see what they can offer. When you’re done getting their rate, give Life Insurance Blog a call to see if we can offer you a better rate with one of the many carriers we use for our clients.
Guardian Life Insurance Company Details
Name(s): Guardian Life Insurance Company of America, RS Investments, Guardian Investor Services
Address:
7 Hanover Square
New York, NY 10004
Phone: 888-482-7342
Website: www.guardianlife.com
Ratings: A.M. Best (A++), Fitch (AA+), Moody’s (Aa2), Standard & Poor’s (AA+)
Our recommendation
Always shop around and use a licensed broker. We’re here to help, and yes — we’re licensed independent life insurance brokers. We help life insurance shoppers everyday find the best company at the best rate. We have access dozens of the best life insurance companies in the USA. Guardian Life is not one of them unfortunately. However, we urge you to reach out to them to see if they can get you the best deal first. Then, make sure you get multiple quotes from other companies with Life Insurance Blog. We’ll quickly ask you the right questions to find the top companies that will get you the best rate. Let the best rate win!
You can even get started right now on our instant life insurance calculator page and compare rates from dozens of companies.
Guardian Life Insurance Company Reviews
Thank you for reading our Guardian Life Insurance Company Reviews. To learn more about life insurance, make sure to visit our page Life Insurance 101 or find out how much you may end up paying for coverage on our Life Insurance Payout Amount page.
