Life Insurance

Guardian Life Insurance

Because they believe a life policy whose benefits end after a predetermined term is useless and not worth the fee, Guardian officials only offer whole life insurance plans. All of Guardian’s whole life policies come with a cash reserve that accumulates tax-deferred interest, and any cash value accrued can be withdrawn and used to help pay for retirement, college tuition, business expenses and other needs.

Guardian offers several whole life insurance plans.

A standard Whole Life Insurance policy comes with a fixed premium that stays level for the entire life of the policy. A whole life policy also comes with dividends and a built-in savings element guaranteed to accumulate cash value.

The company’s Variable Whole Life plan gives policyholders the opportunity to choose where they want to invest their money. While this provides some flexibility to the customer, it can be very unpredictable. Because the death benefit and cash value fluctuates depending on the performance of the investment options, Guardian guarantees a minimum death benefit in order to protect policyholders.

Guardian’s Universal Life Insurance offers flexible premiums so policyholders can choose fixed or flexible death benefits. Universal life is the only policy that doesn’t come with a built-in cash value, which is determined solely by company’s performance.

The final product is a Variable Universal Life policy that offers a combination of death benefits similar to universal and variable life insurance while providing investment flexibility and financial security. As with a basic variable whole life policy, a variable universal life policy can be very risky with no guarantee of a cash value increase.