Guardian Life Insurance Company of America Review

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Company Overview

Guardian Life Insurance Company of America is a Fortune 300 company with over $6.8 billion in capital and $1.3 billion in operating income. It is the fourth largest mutual life insurance company in the U.S. as well as one of the largest dental networks nationwide. . Guardian Life was founded in 1860 by Hugo Wesendonck, a German immigrant who was a civil rights lawyer. As a mutual company, it is fully owned by its policy holders.

Mutual companies must answer not only to policy holders but also an Independent Board of Directors for the company’s performance.

The company headquarters is in New York, NY. Originally called Germania Life Insurance Company the name was changed in to The Guardian Life Insurance Company of America in 1918. The disability insurance products are facilitated through Berkshire Life Insurance Company of America, a fully owned subsidiary of The Guardian Life Insurance Company of America. Guardian merged with Berkshire Life in 2001 and beginning February 2015, Berkshire Life administers all disability insurance products.

 Key people in the company include Deanna M. Mulligan, President and Chief Operating Officer (CEO); and D. Scott Dolfi, Chief Operating Officer (COO). More than 8.000 employees and company representatives work for Guardian Life Insurance Company of America at over 80 agencies and corporate offices nationwide.

The company slogan of Guardian life is “enriching the lives of people we touch.” Product offerings include life insurance, disability income insurance, annuities, investment and 401(k) plans, individual dental insurance and workplace benefit packages. Guardian Insurance recently launched the industry’s first mobile disability insurance quote tool called QUICKQuote.

Insurance Product Offerings:

Guardian Life Insurance Company of America offers its customers these insurance products:

  • Term Life Insurance
  • Universal Life Insurance
  • Whole Life Insurance
  • Individual Disability Insurance
  • Small Business Protection
  • Disability Offered by Employer
  • Supplemental Individual Disability Income Insurance
  • Individual Dental Insurance
  • Group Benefits Plans including dental, disability, critical illness and life insurance

Financial Stability

The longevity alone says a lot about the company’s financial stability. Guardian Life Insurance Company of America has been around for over 150 years. Financial strength ratings indicate a company’s ability to meet its financial commitments and ability to product a future return on investment. This is important when choosing an insurance company. Excellent financial strength ratings are a good indicator that an insurance company will be around when you need it most. Guardian Life Insurance Company of America received high ratings from these insurance rating organizations:

Better Business Bureau Rating and Awards

Guardian Life Insurance Company of America has been accredited by the Better Business Bureau since and has an “A+” rating.

In February 2015, DALBAR Inc. awarded Guardian Life with the 2014 DALBAR Seal of Excellence for Underwriting and 2014 Seal of Excellence for New Business.

The Bottom Line

Guardian Life Insurance Company of America is a financially stable company and has an A+ rating with the Better Business Bureau. As one of the oldest life insurance companies in America, you can trust in the fact that it is financially secure and able to pay any claims presented. For life and disability insurance as well as financial service needs, Guardian Life Insurance Company is a good choice and one you should consider when doing your comparison shopping.

Contact Information

To learn more about the insurance products offered, you can contact Guardian life at its call center 1-800-441-6455 from 8:00 a.m. – 6:00 pm ET, Monday – Friday, or visit the Guardian Life Insurance Company of America website.