Although keeping an up-to-date will ensures that assets are distributed as intended, nearly 60% of Americans don't have one*. Time, costs, unfamiliarity with the process and the belief that there are not sufficient assets are often cited as reasons for not having a will.
Guardian voluntary life plans will now include WillPrep Services that give plan members access to online planning documents and professional assistance with issues related to advanced health care directives, estate taxes, financial and healthcare power of attorney, guardianship and conservatorship, trusts and wills. These services will provide employers and their employees with cost effective ways to protect their legacy.
For employers who need to assist employees who travel overseas, Guardian has introduced TravelAid, an emergency response network of global resources that can provide 24/7 multilingual emergency response, medical evacuation and repatriation, travel alerts and destination information, pre-travel immunization information and document replacement services. TravelAid is available to Guardian's employer-sponsored group life and disability plan members.
"These latest additions enhance our Life and DI lineup on the employer and employee-paid front, bringing a wider array of options to plans at flexible price points that will help employers address the needs of a diverse workforce," said Barry Petruzzi, 2nd vice president, Group Life & Disability for Guardian. "We're committed to narrowing the benefits gap between large and small companies by bringing small business owners features typically available only to larger organizations. And while the current economic climate has many employers considering scaling back on employee benefits, Guardian is helping business owners put protection back in focus."
The Guardian Life Insurance Company of America (Guardian), one of the largest and oldest mutual life insurance companies in the United States, is known for its stability and strength. A Fortune 300 company, Guardian is the only major life insurer to earn upgrades from two major rating agencies in 2008: A++ (Superior) by A.M. Best and AA+ (Very Strong) by Standard & Poor's. Guardian also has retained ratings of Aa2 (Excellent) by Moody's and AA+ (Very Strong) by Fitch (ratings current as of April, 2009).
Founded nearly 150 years ago, Guardian and its subsidiaries are committed to protecting individuals, business owners and their employees with life, long term care insurance, disability income and dental insurance products, and offer 401(k), annuities and other financial products and trust services.
Guardian operates one of the largest dental networks in the United States, and protects more than six million employees and their families at 120,000 companies. The company has more than 5,400 employees in the United States and a network of over 3,000 financial representatives in more than 80 agencies nationwide.
*FindLaw.com Survey, June, 2008
WillPrep Services and TravelAid are provided by Integrated Behavioral Health, Inc., and its contractors.
SOURCE:The Guardian Life Insurance Company of America