Did you know?

Some types of life insurance, like whole or universal, can build up cash value that you can use to pay for a home, college, or a caregiver.1

In exchange for premium payments, life insurance helps protect your loved ones financially by providing a tax-free payment to them if they should lose you.2 There are many varieties of life insurance which you can choose based on your needs, but there are three common types: term life insurance, whole life insurance, and universal life insurance.

Whole life insurance is a type of permanent life insurance created to provide lifetime coverage, and usually has higher premium payments than term life insurance. Besides paying out lump sum payments to your loved ones if you pass away, whole life insurance can provide dividends and can also build up cash value that you can access at any time for any reason.3, 4

Disability income insurance helps replace a percentage of your regular income if you’re too sick or injured to work. It can also supplement long-term disability coverage that you may have through your employer. And employers can offer disability insurance that helps their employees get back to work sooner.

Case Story - Dr. Feranmi Okanlami

Dr. Feranmi Okanlami was a star athlete and orthopedic surgery resident when an accident left him paralyzed. Watch his inspiring story of perseverance and determination and learn how Guardian long-term disability insurance helped him recover and thrive.5

“I have worked with Guardian, an organization that committed to my personal and professional recovery, to highlight a simple yet powerful truth: disability does not mean inability,” said Dr. Feranmi Okanlami.

Prepare for changes to your family

Whether you’re having a baby and need to prepare for maternity leave and covering the cost of raising children, or you’re preparing for life after your children move out, we’ll work with you to plan for and take care of your new and changing family. Protecting your income with life insurance or disability insurance — and making sure you are covered at work for children with special needs — can help your family thrive no matter what happens. 

Most of the big moments in life — marriage, having a baby, caring for adult family members —will also change your financial picture. A life insurance policy can cover you, your spouse, and your new child. Your workplace benefits probably provide term life insurance plans that expire in set amounts of time. You could also look into permanent life insurance such as whole life, which never expires and helps you to build a long-term cash-value asset.6

Having a financial strategy can help protect your income so you can continue to pay essential bills like mortgages, caregivers, and transportation. It also provides flexibility, whether you are adopting, protecting a child with special needs, or caring for older family members. Certain investments can help provide a guaranteed income that lasts a lifetime.

Case story - Joleen Mainz

Joleen Mainz spent her whole life caring for others. In her darkest hour, she needed to trust others to care for her. Learn how she went from tragedy to recovery, with help from Guardian life and disability insurance.

“We had done everything we possibly could to take care of our family, and we felt a sense of peace,” said Joleen Mainz.

Plan for your family’s education

College can rewrite the future and take your child’s life to new places. To prepare, you’ll need to start saving today. Options like 529 plans and whole life insurance policies each have unique advantages that can help.7 

529 plan accounts were specifically designed by the government to encourage college savings. Money is set aside from your already-taxed income, but the interest that collects isn’t taxable. And the money you eventually withdraw won’t be counted as taxable income if it’s spent on education.

Family can gift money tax-free to pay for a whole life insurance policy. This insurance can accumulate a cash value — money students can use to fund their education. 

Being a family caregiver: elder care and special needs children

Being a caregiver for aging parents or special needs children presents financial challenges. But you can start planning today to figure out your parent’s elder care or children’s long-term care. Employee assistance programs can provide critical resources. And a financial strategy with certain investments can help. 

Whole life insurance is an option to consider for both retirement and elder care. It can provide guaranteed coverage for life, with the potential to accumulate cash value, which is money you can use to care for aging parents.

Talking with your parents now will save you time and money, and let you tackle potential problems ahead of time. Spending money on legal advice may be the last thing you want to do if your parents are of limited means. Knowledgeable advice, though, can be critical in assessing issues, making vital decisions, and putting paperwork in order.

A critical illness insurance policy can help cover the whole family. Children are covered for a wide range of illnesses and conditions including Cerebral Palsy, Cystic Fibrosis, Down’s Syndrome, Muscular Dystrophy, Spina Bifida, Type 1 Diabetes, and others. There’s no additional cost, and no health questions are required.



Some whole life polices do not have cash values in the first two years of the policy and don’t pay a dividend until the policy’s third year. Talk to your financial representative and refer to your individual whole life policy illustration for more information.


Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.


Dividends are not guaranteed. They are declared annually by Guardian’s Board of Directors.


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 59 ½, any taxable withdrawal may also be subject to a 10% federal tax penalty.


These are the personal views of a select group of Dr. Feranmi Okanlami and may not represent the experience of other clients. These opinions are not indicative of future performance or results.


All whole life insurance policy guarantees are subject to the timely payment of all required premiums and the claims paying ability of the issuing insurance company. Policy loans and withdrawals affect the guarantees by reducing the policy’s death benefit and cash values.


Investors should consider the investment objectives, risks, charges and expenses of a 529 plan carefully before investing. This and other information are contained in the Program Description, which may be obtained from your investment professional. Please read it before you invest.

A 529 plan is a tax-advantaged savings plan, issued and operated by a state or educational institution that helps families save for college. Investments in 529 plans are not insured by the FDIC or any other government agency and are not deposits or other obligations of any depository institution. Investments are not guaranteed and are subject to investment risks, including loss of the principal amount invested. Tax implications vary significantly from state to state. If you or the designated beneficiary is not a resident of the state offering a 529 plan, you may want to consider, before investing, whether your state or the designated beneficiary's home state offers its residents a plan with state tax advantages or other benefits.

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