Guardian Life Insurance Review 2020 - Important

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AT A GLANCE

  • ProInsuranceReviews standing: No. 3 life Insurance Provider.
  • The total customer satisfaction rating is above average.
  • Supplies a complete menu of both term and permanent life insurance.
guardian life insurance company

Guardian Life Insurance Co. is a mutual insurance provider, meaning it is owned by its policyholders. Clients who purchase life insurance may share in gains. The business has paid a dividend annually since 1868, and in 2020 will cover its policyholders a dividend of $982 million. Guardian Life insurance

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Guardian Life Insurance Company

Guardian Life ranks No. 3 to ProInsuranceReviews's listing of the greatest life insurance businesses. ProInsuranceReviews assesses the nation's biggest life insurance companies based on customer complaints and financial strength, customer satisfaction.

Life insurance choices from Guardian Life comprise:

Term lifestyle. Guardian provides policies with regards to 10, 15, 20, or even 30 decades. It's possible to find a quote for term life insurance to the site of the company, but you have to get in touch with a business adviser to get a policy.

Permanent life. Guardian provides universal life and whole life insurance, such as an entire life survivorship coverage named Guardian EstateGuard. Life insurance policy insures two people a couple, on single coverage. After the person dies the death benefit is paid to the beneficiary. After the individual expires, the cash value rises. Another exceptional characteristic is policyholders may add protection in this policy's first years.

Whole life policies are also offered by the guardian to individuals. To be eligible, an applicant should be:

  • Between ages 20 and 60.
  • On exceptionally active antiretroviral treatment for a couple of years with positive lab benefits.
  • Free of any AIDS-defining ailments.
  • Under the care of a physician specializing in HIV.

Guardian Life complaints and customer satisfaction

Guardian Life has experienced complaints to state regulators based on the evaluation of information from the National Association of Insurance Commissioners of ProInsuranceReviews.

Guardian was rated"better than many" for overall client satisfaction in J.D. Power's 2019 U.S. Life Insurance Study. The insurance company rated No. 7 overall from 24 life insurance firms assessed.

Customer satisfaction classGuardian Life's score
Total satisfactionMuch Better than many
Billing and paymentAbout typical
CostAbout typical
Policy offeringsAbout typical
InteractionMuch Better than many
CommunicationAbout typical
Application procedureMuch Better than many

More about Guardian Life

Besides life assurance, Guardian Life provides services and financial products, for example:

  • Disability income.
  • Annuities.
  • Wealth investments and management.
  • Person vision and dental insurance.
  • Critical illness and injury insurance.
  • Workplace advantages, such as a school tuition benefit.

METHODOLOGY: INSURER COMPLAINTS

ProInsuranceReviews analyzed complaints received by state insurance companies and reported on the National Association of Insurance Commissioners in 2016-2018. To evaluate insurance companies compare to another, the NAIC computes a criticism index measuring share of premiums from the business, or its share of complaints relative to its dimensions. To appraise the complaint history of a company, ProInsuranceReviews calculated that a similar indicator for every insurance company, weighted by market shares of each subsidiary. Ratios are decided for home, automobile, and life insurance.

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