Many different types of insurance are available from Guardian Life Insurance. You may apply for term life insurance through their website, which is a big plus compared to other insurers that do not have an online application option.
Established in 1860, this cooperative organization with New York City headquarters offers individual life insurance. Among additional individual insurance products are investment management, disability, and retirement planning. Additionally providing business insurance and perks including 401(k) plans is Guardian Life Insurance Company.
Term life policies allow you to apply online and obtain quick quotes. To grasp pricing for permanent policies, you must speak with a local financial advisor. Although its website provides a lot of information on the several kinds of life insurance policies accessible generally, it offers not much information on the particular policies provided by Guardian.
Whole and universal policies are among the term and permanent life insurance choices Guardian Life provides. Guardian Life only provides one policy per category, apart from universal insurance, which provides both a standard and variable universal policy option. Riders help all policies to be bulked up.
Except one whole life policy starts at $25,000 in coverage; most policies start at $100,000.
Coverage Restrictions: Although your age will determine whether or not you qualify for any policy, permanent ones typically have more restrictions. Universal policies, for instance, reject candidates over 85 while entire life policies shut off at 90. By contrast, term policies can restrict candidates as young as 55 for 30-year terms. Should your term be less than ten years, the cut-off occurs at age 75. The company might not have every product available everywhere even though it is licensed to operate in all states.
The cost can vary; several elements define the cost of a premium, including age, gender, medical history, pre-existing health issues, and more. Looking just at age and gender, men will pay more and older policyholders will show higher premiums. A 35-year-old female would pay $57 a month, for example, whereas her male equivalent would spend $65. Looking at a 65-year-old, the monthly premium for women leaps to $835 and for men climbs all the way to $1,320.
Your activities and way of life can also affect the price of your coverage. Skydiving, rock climbing, and motorcycling, for example, raise the likelihood of a death payout and hence affect the premiums assigned by insurers to those leading more dangerous lives.
Should you buy a Guardian life insurance policy from your company, you may be qualified for a group discount.
Any rates shown are purely for demonstrative use. For relevant estimates, you should immediately get in touch with the insurance firm or agent.
See a Guardian directly or an insurance representative to learn about whole and universal life insurance policies. Guardian does not provide life insurance bundled or multi-policy discounts. Visit Cheapest Life Insurance Companies’ guide for further details on affordable life insurance coverage.
Options for Term Life Insurance From Guardian
Usually covering a maximum of thirty years, term life insurance offers coverage for a designated length of time.
With a term life insurance policy available from Guardian Life, one can get 10, 15, 20, or 30 years. Your coverage will last until the term ends as long as you maintain current on your premiums. Other policy considerations include:
Internet applications and quotes.
Medical underwriting accompanied by necessary paramedical testing.
Age limitations for every term length; the 10-year term policy lets applicants be between the ages of 18 and 75. Every shorter term reduces the maximum age by five years.
For individuals who qualify, the premiums remain the same during the lifetime of that coverage.
Options for Whole Life Insurance From Guardian
A permanent policy including a cash value in addition to a death payout is whole life insurance.
Whole life policies from Guardian Life offer set premiums and lifetime protection. Over time it creates cash worth as well. Although you can be liable to interest charges and a less death benefit until that amount is paid even though you can borrow against your cash worth.
Another choice that lets you cease paying premiums after a predetermined period of time yet keep coverage is a limited premium policy.
The coverage choices for whole life policies start lower at $25,000 than for other Guardian policies. To qualify these rules can call for a medical exam.
Options For Universal Life Insurance From Guardian
Though it lets you change your death benefit amount and premium payment over time, universal life insurance is essentially same to whole life.
Guardian’s universal life policy offers customizable premiums together with lifetime coverage. The premium covers insurance costs, but the rest creates monetary worth over time. Although their minimum guaranteed interest rate is 2%, universal insurance might have more than that. While withdrawing money out of the cash value lowers the death benefit, paying minimal premiums might help to lower the rate.
Universal policies come in two flavors:
Standard: Not any choices for investments.
Variable: Investment options open for selection and management free from a guaranteed interest rate.
Although less than whole life plans, universal policies usually cost more than term policies overall.
Your Guardian life insurance products let you include several different riders, including:
prolonged conversion—term life
Guaranteed renewability—term life
Waiter of excellence
sped-up terminal disease
unintended death
Giving a charitable advantage
Participation in Guardian Index (full life)
Not every state may have some riders accessible. The best approach to find out what might be accessible to you is to speak with a financial adviser selling Guardian Life’s full policy.
From Guardian, how can I purchase life insurance?
Though Guardian documents are available electronically via an app and by email, you cannot buy Guardian’s life insurance coverage online. Use the tool available from Guardian to locate an agent in your region or send your information and Guardian will match you with one for life insurance purchases. New York-based corporation.
Think on your reasons for buying life insurance to determine the best Guardian coverage for you. Term life insurance is most likely your best option if your main search is for reasonably priced coverage and you know your coverage is just for a designated period of time. Whole and universal life insurance could be a preferable option if one wants more coverage and value. A Guardian financial agent can assist in your decision-making.
