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The Guardian Insurance & Annuity Company, Inc. (GIAC), a Delaware corporation that is a wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian), issues annuities. Individual variable annuities are offered through the distributor Park Avenue Securities LLC (PAS). GIAC and PAS are located at 7 Hanover Square, New York, NY 10004 (1-888-600-4667). All guarantees are backed by the strength and claims-paying ability of the issuing insurance company.
Annuities are long-term vehicles designed for retirement purposes. Withdrawals or surrenders may be subject to surrender charges. Amounts withdrawn may be subject to ordinary income tax and possible mandatory federal income tax withholding and, if taken prior to age 59½, a 10% IRS penalty may also apply. Withdrawals have the effect of reducing the death benefit, cash surrender value, and any living benefits.
Variable products and their underlying variable investment options, and mutual funds, are sold by prospectus only. You should carefully consider the investment company’s investment objectives, risks, charges, and expenses before making an investment decision. The prospectus contains this and other important information. Please read the prospectus carefully before investing or sending money. You may obtain a prospectus by contacting your Park Avenue Securities registered representative or by calling 1-888-600-4667.
Park Avenue Securities LLC (PAS) is a wholly owned subsidiary of GIAC and an indirect, wholly owned subsidiary of Guardian. PAS is a registered broker-dealer offering investment products, as well as a registered investment adviser offering financial planning and investment advisory services. PAS is a member of FINRA and SIPC.
The ratings of The Guardian Life Insurance Company of America quoted in this report are as of December 31, 2016, and are subject to change. The ratings earned by Guardian do not apply to the investments issued by GIAC or offered through GIS and PAS.
Dividends are not guaranteed. They are declared annually by Guardian’s Board of Directors.
Financial information concerning The Guardian Life Insurance Company of America as of December 31, 2016, on a statutory basis: Admitted Assets = $51.9 Billion; Liabilities = $45.7 Billion (including $39.4 Billion of Reserves); and Surplus = $6.2 Billion.
Financial information concerning The Guardian Insurance & Annuity Company, Inc. as of December 31, 2016, on a statutory basis: Admitted Assets = $16.8 Billion; Liabilities = $16.5 Billion (including $3.4 Billion of Reserves); and Capital and Surplus = $0.3 Billion.
Financial information concerning Berkshire Life Insurance Company of America as of December 31, 2016, on a statutory basis: Admitted Assets = $3.5 Billion; Liabilities = $3.3 Billion (including $0.7 Billion of Reserves); and Capital and Surplus = $0.2 Billion.
Guardian’s website (www.guardianlife.com) contains, under the “Corporate Governance” heading, in the “About Guardian – Corporate Governance” section, copies of Guardian’s Charter, Bylaws, Corporate Governance Guidelines, Audit and Risk Committee Charter, Human Resources and Governance Committee Charter, Investment Committee Charter, and Product and Distribution Committee Charter.
CUSTOMER STORIES DISCLAIMERS:
Guardian’s Group Long Term Disability and Short Term Disability Insurance are underwritten and issued by The Guardian Life Insurance Company of America, New York, NY. Products are not available in all states. Policy limitations and exclusions apply. Optional riders and/or features may incur additional costs. This policy provides disability income insurance only. It does NOT provide basic hospital, basic medical, or major medical insurance as defined by the New York State Department of Financial Services. Plan documents are the final arbiter of coverage.
LTD Policy Form #GP-1-LTD07-1.0, et al. STD Policy Form #GP-1-STD07-1.0, et al.
Policy benefits are reduced by any outstanding loan or loan interest and/or withdrawals. Dividends, if any, are affected by policy loans and loan interest. Withdrawals above the cost basis may result in taxable ordinary income. If the policy lapses, or is surrendered, any outstanding loans considered gain in the policy may be subject to ordinary income taxes. If the policy is a Modified Endowment Contract (MEC), loans are treated like withdrawals, but as gain first, subject to ordinary income taxes. If the policy owner is under 59½, any taxable withdrawal may also be subject to a 10% federal tax penalty.
Anjali Singh is a Registered Representative of Park Avenue Securities LLC (PAS). OSJ: 20 Bicentennial Circle, Suite 100, Sacramento, CA 95826. Securities products offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America (Guardian), New York, NY. PAS is an indirect, wholly owned subsidiary of Guardian. Pacific Advisors LLC is not an affiliate or subsidiary of PAS or Guardian.
KEY GUARDIAN SUBSIDIARIES AND AFFILIATES
Access Dental Services, LLC
Berkshire Life Insurance Company of America
Guardian India Operations Private Limited
First Commonwealth, Inc.
GIS Strategic Ventures, LLC
Guardian Investor Services LLC
The Guardian Insurance & Annuity Company, Inc.
Innovative Underwriters, Inc.
Managed Dental Care/Managed Dental Guard, Inc. companies Park Avenue Institutional Advisers LLC
Park Avenue Life Insurance Company
Park Avenue Securities LLC
Premier Access Insurance Company/Access Dental Plan companies
STX Healthcare Management Services, Inc.