July 10, 2006
GUARDIAN EXPANDS PROGRAM THAT PROVIDES EMPLOYEES MORE FLEXIBILITY IN CHOOSING A DENTIST
"Monthly Switch" Members Can Change Between a PPO and a pre-paid Plan Every Month
For media inquiries, please contact:
Jennifer McClellan
Manning Selvage & Lee
Tel: 212.468.3554
Jennifer.McClellan@mslpr.com
Anayo Afolabi
The Guardian Life Insurance Company of America
Tel: 212.598.8329
Fax: 212.919.2790
anayo_afolabi@glic.com
New York, July 10, 2006 — The Guardian Life Insurance Company of America (Guardian) today announced the introduction of its new Monthly Switch option for its dental plans in the New York market. Employees in New York now have the ability to select the lower out-of-pocket costs of the pre-paid plan, but can switch to the PPO plan if and when they desire more flexibility in choosing a dentist. While traditional dual choice plans allow only annual election changes, Guardian's new plan enables employees to switch between a PPO and a pre-paid plan every month. The New York launch marks the expansion of Guardian's Monthly Switch program.
The new Monthly Switch option makes it possible for employers to provide their workforce with added control over dental insurance choices. Other highlights of the product include:
Members can switch plans by phone, making the process quick and simple
The costs of both options are identical, making billing administration for planholders seamless
Members' plan selection applies to the whole family
"As medical costs continue to rise, employers should be able to provide their employees with multiple options for affordable benefits," said John Foley, Vice President, Guardian, Group Dental Insurance. "The Monthly Switch option is part of an overall strategy to develop more flexible and affordable choices to meet the needs of consumers."
For more information and to confirm availability of these plans, please contact your local Guardian Group Representative or log on to www.GuardianLife.com to find a representative near you.
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, 2005, Guardian and its subsidiaries had $40.7 billion in assets (on a GAAP basis). With more than 5,000 employees and 3,000 financial representatives, as well as over 85 agencies nationwide, Guardian and its subsidiaries protect individuals, businesses, and their employees with life, disability, health, long-term care, and dental insurance products, and offer 401(k), financial products and trust services. More information about Guardian can be obtained at: www.GuardianLife.com .
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Securities products and services are offered through Park Avenue Securities LLC(PAS) and Guardian Investor Services LLC (GIS) located at 7 Hanover Square, New York, NY 10004. GIS and PAS are indirect wholly owned subsidiaries of The Guardian Life Insurance Company of America, New York, NY.