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GUARDIAN OFFERS TIMELY EXPANDED INCOME PROTECTION PROGRAM FOR WOMEN ENTREPRENEURS OF NAWBO

{ts '2009-02-26 00:00:00.000'}

NAWBO Members Now Benefit from 10% Discount on Disability Insurance
NEW YORK, February 26, 2009 — Recognizing the important role women-owned businesses play in the American economy, The Guardian Life Insurance Company of America (Guardian) today announced that the women entrepreneurs of the National Association of Women Business Owners (NAWBO) are now eligible to receive an association discount on Guardian disability insurance products. 

 

 

This 10% discount is in addition to the discount NAWBO members currently receive on Guardian’s long-term care insurance. 
Commenting on the new benefit for her organization's members, Helen Han, NAWBO's Interim Executive Director, said, “Today more than ever, a small business owner’s ability to generate income is often her most valuable asset.
“If she becomes injured or too ill to work, she can’t meet her payroll, serve her clients or pay for personal and business expenses. We are pleased that our relationship with Guardian enables us to make this vital income protection available to NAWBO members at a significant discount.”
 
 
If she becomes injured or too ill to work, she can’t meet her payroll, serve her clients or pay for personal and business expenses. We are pleased that our relationship with Guardian enables us to make this vital income protection available to NAWBO members at a significant discount.”
“In a time of economic uncertainty, small business owners want to work with companies that are backed by financial strength and have best-in-class products,” said Susan LeBourdais, Director of Growth Segment Marketing for Berkshire Life Insurance Company of America, the Guardian company that issues its disability and long-term care insurance. “Women business owners—and especially NAWBO members—understand the price/quality/value equation, and will appreciate the protection and stability that Guardian provides.”
Guardian has a long-standing relationship with NAWBO. As an insurance industry leader with substantial financial resources and the ability to tailor products to an entrepreneur’s specific needs, Guardian is able to help a business owner protect not only her personal income, but also the business she has worked so hard to build.
 
NAWBO members can receive discounts on Guardian’s core disability insurance product, which provides personal income protection with hard-to-find features such as:
 
  • Own-occupation – Pays benefits if you are unable to perform the material and substantial duties of your own occupation due to sickness or injury, even if you are gainfully employed in another occupation.
  • Non-cancellable and guaranteed renewable - What good is disability insurance that can be cancelled just when you need it most? Guardian coverage stays in force as long as you keep paying premiums on time - and premiums are guaranteed to stay the same until age 65 (or to age 67 with a To Age 67 benefit period).
  • Group critical illness insurance is a low-cost complement to disability and medical plans, such as high deductible health plans. Critical Illness payments can help pay for deductibles associated with major illnesses such as a heart attack or stroke.
  • Optional Benefit Riders - Residual Disability Benefit Rider––to receive benefits if you suffer an income loss from a partial, rather than total disability. Cost of Living Adjustment Rider–– to help your disability benefit keep pace with inflation. Future Increase Option Rider––to have the option to apply for additional coverage without providing proof of medical insurability once a year for a specified number of years. Catastrophic Disability Benefit Rider–– to provide extra protection from the financial impact of the most severe disabilities. Retirement Protection Plus Disability Benefit Rider–– to ensure that you can continue to save for your retirement even when a total disability strikes.

 

Additionally, there is a 10% discount from Guardian to NAWBO members on:
 
  • Overhead Expense coverage, which covers typical business expenses such as rent, utilities, phone, staff salaries and other fixed costs that are due and payable whether a small business owner is at work every day or not. It can even cover the cost of your temporary replacement.
  • Disability Buy-out insurance, designed specifically to provide the company's owners with the money they would need to reimburse a disabled owner for his or her financial interest in the company, allowing the business to stay healthy while everyone is treated fairly.
 
 

About the National Association of Women Business Owners
Founded in 1975, NAWBO propels women entrepreneurs into economic, social, and political spheres of power worldwide. Today, NAWBO is still the only organization that solely represents the interest of women entrepreneurs in all industries. The organization's mission is to strengthen the wealth-creating capacity of its members and promote economic development; to create innovative and effective change in the business culture; to build strategic alliances, coalitions and affiliations; and to transform public policy and influence opinion makers. Visit www.nawbo.org for more information.
 
 
About Guardian
Founded in 1860, The Guardian Life Insurance Company of America, New York, NY (Guardian) is one of the largest mutual life insurance companies in the United States. As of December 31, 2007, Guardian and its subsidiaries had $41.3 billion in assets (on a consolidated statutory basis). With close to 3,000 financial representatives and 80 agencies nationwide, Guardian and its subsidiaries protect individuals, small business owners, and their employees with life, disability, health, long-term care, critical illness and dental insurance products, and offer 401(k), annuities, and other financial products and trust services. Specializing in the small to mid-size business market, Guardian's Group business unit serves more than 120,000 employers, 6 million employees, and their families.
For more information about Guardian, please visit: www.GuardianLife.com.
 
About Berkshire
Berkshire Life Insurance Company of America, Pittsfield, Mass. (Berkshire), is a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY. Its key missions are to grow Guardian’s individual disability income and long-term care lines of business and to research and develop new insurance products. More information about Berkshire can be obtained at www.BerkshireLife.com
 
 
SOURCE:The Guardian Life Insurance Company of America

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