Guardian Life Insurance Review 2020


Guardian Life Insurance review by Top Quote Life Insurance
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on email

Table of Contents

Do you have 5 different search tabs open looking for a new insurance provider? It can be a bit daunting. You’ve probably got one open for the Guardian Life Insurance Company. They are one of the bigger names out there.

It’s good to be an informed buyer. Don’t give your hard-earned money to just any life insurance company because they called you on the phone, or had a kiosk at the mall.

But skepticism is not an excuse for inactivity or leaving your family unprotected.

To make sure you can make an informed decision about what policy and provider you should go with, let’s take a look at Guardian Life Insurance Company, their history, and their offerings.

Maybe they’re right for you, maybe they’re not. We’re here to help you make the best possible decision.

About The Guardian Life Insurance Company

The Guardian Life Insurance Company of America was founded in 1860 in New York.

It’s one of the biggest life insurance companies in the United States, and one of the biggest corporations too. At the time of this blog’s writing, they rank 218th on the Fortune 500 list.Guardian Life Insurance Quotes

In 2015, they had their most profitable year to date, with $7.3 billion in their capital and $1.5 billion in operating costs. They also offer other insurance services, such as disability income insurance, annuities, investments, dental and vision.

Also noteworthy, Deanna M. Mulligan is the president and CEO of the company. She is 1 of 32 female CEOs in the Fortune 500 list.

She is an active speaker on women’s issues and she has stated, “We put a man on the moon… We should be able to put women on boards.”


The company does hold a dubious part of insurance legislation history. In 2009, they canceled Ian Pearl’s insurance plan. Pearly suffers from muscular dystrophy and requires 24-hour nursing care that would cost nearly a million dollars a year.

His parents sued the Guardian Life Insurance Company for leaving him with what they called a “death sentence.” In the end, they won, and insurance companies in New York are now required to offer replacement coverage when they cancel a plan.

This would be known as “Ian’s Law.”

What Type of Coverage Can I Get From The Guardian Life Insurance Company?

Term Life Insurance

Term life insurance is for people who are looking for protection for their spouse or family and want to keep costs down by only paying for a specific amount of time.

You could think about it as renting a house instead of buying it. You have all of the insurance protection, with no accumulated cash value. You might choose a term of 10, 15, 20, or even 30 years.

And you also have the option of converting this coverage into permanent insurance, whole life insurance, or universal life insurance in the future if your needs change.

Universal Life Insurance

Universal life insurance coverage does not expire at the end of a set term. It is for life, so you can feel good about protecting your family’s financial future. It is a type of permanent insurance, the cash portion, as it accumulates, earns interest over time.

One of the key selling points to this is flexible payments. Under a whole life policy, the premium is fixed to a set dollar number. But we will get to that a bit later.

You can alter your payments if your needs or situations change. Your coverage also gives you the added flexibility of a number of options, or “riders,” to select.

Also, from a tax perspective, the accumulated interest is not taxed while it’s building up.

Variable Universal Life Insurance

Variable universal life insurance has a lot of the benefits we have listed above. It gives you permanent protection. However, the key difference is it gives you the ability to invest in the market.

The cash value of your variable policy can be invested in the market through a separate account.

But, because you’re investing in an open market, you will either get to reap the benefits of a good investment or suffer the losses from a bad one.

As your cash value grows with good investments, you can open yourself up to not having to pay their premiums, while still keeping your coverage if your cash value meets certain requirements.

The Guardian Life Insurance Company offers you a few different investment choices, each based on risk tolerance.

This is probably the right package for you if you want the security of lifetime coverage, but the flexibility to increase your cash savings through investment over time.

Whole Life Insurance

And finally, we have whole life insurance. The Guardian Life Insurance Company’s most robust type of permanent insurance.

The main selling point is that you can use the cash value to pay for certain expenses like retirement, unexpected healthcare costs, or saving for your child’s education.

You get the security of knowing that your loved ones (and any other beneficiaries) will receive a guaranteed lump sum payment.

They also give you the flexibility of naming your own business as the beneficiary, so you can keep the money in the business you’ve worked so hard to build.

But they also give you the option to borrow against the cash value of your whole life policy. And if you need to borrow against the cash value, your loan will not count as income to be taxed, as long as your policy is still active.

Final Thoughts on The Guardian Life Insurance Company

Guardian Life Insurance Company has been around for a long time. They do a lot of the right things and keep their customers happy. However, they did not make our top 25 list of the best insurance companies.

If you want to give yourself the peace of mind of knowing that your family or business is taken care of after your death, we’re here.

We can help you find the right coverage from the right provider, and make sure you’re getting the best deal possible for the best policy.

You can start right now by filling out our form on the right-hand side of the page, to compare rates and get some quotes. You can also contact us for assistance.

Ready to Compare Life Insurance Rates?

It’s free, fast and super simple.

Jeffrey Manola

Jeffrey Manola

Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance.

Not only does he strive to provide you with the best rates for your life insurance coverage, but he also wants you to be well informed about the different types of life insurance options that are available. You will also find a significant amount of valuable information on the multiple life insurance companies that can provide you with coverage.

Jeffrey Manola is licensed to provide expert advice and help aid in the purchasing process of life insurance products. He is licensed with the National Insurance Producer Registry (NIPR) in the following states:

AL: 790866 AR: 14358927 AZ: 14358927 CA: 0K29801 CO: 531038 CT: 002536246 DC: 3000281706 DE: 3000190912 FL: W383615 GA: 3089339 HI: 482421 IA: 14358927 ID: 646048 IL: 14358927 IN: 3100885 KS: 14358927 KY: DOI-986908 LA: 758187 MA: 2045330 MD: 3000011601 ME: PRN252004 MI: 14358927 MN: 40427014 MO: 8428106 MS: 10519253 NC: 14358927 ND: 14358927 NE: 14358927 NH: 2434852 NJ: 1562332 NM: 14358927 NV: 3299018 NY: LB-1484031 OH: 1117369 OK: 100293583 OR: 14358927 PA: 740709 RI: 3000183893 SC: 14358927 TN: 2383399 TX: 1969337 UT: 648983 VA: 987464 VT: 3426230 WA: 947010 WI: 14358927 WV: 14358927

Never hesitate to reach out to Jeffrey if you need help. Top Quote Life Insurance is more than just an online quoting agency. We want to help you save money, protect your future, and earn your trust (888) 777-7574.

More Articles Written by Jeffrey Manola

Ready to Shop for Great
Life Insurance Rates?

Purchasing Life Insurance has never been easier

Or give us a call...888-777-7574

Ready to Shop for Great
Life Insurance Rates?

Purchasing Life Insurance has never been easier

Or give us a call...888-777-7574