Life insurance is an important part of a comprehensive employee benefits package that helps support employees’ financial wellness. After all, a path toward enhanced financial independence involves more than just building savings.

Employees often protect the things that are valuable to them. And among the top of that list are family and loved ones. If something were to happen, life insurance can help them manage expenses – from the everyday bills to larger obligations like mortgages, car payments and loans.

Like other working Americans, your employees count on life insurance through work:

• 74% of those with life insurance obtain it from their workplace1

• Yet, more than 60% have either no life insurance or less than industry recommended coverage amounts1

Guardian helps employers offer a life insurance program that sets their employees on a path toward financial wellness, while looking out for the bottom line.

Products and options to meet your needs and your employees’ needs

Through a variety of funding options for our Term Life Insurance, we’re committed to helping you provide a comprehensive plan that works for you.

Key features for employees:

  • Guarantee issue amounts help many employees obtain coverage, regardless of health history
  • Portability allows employees to keep coverage if they change jobs
  • LifeAssistSM option provides critical income to employees who suffer a severe or catastrophic disability while on approved waiver of premium
  • Options to easily increase voluntary term life insurance amounts over time without medical exams or by automatic increase

You can offer a complete, continuous solution by offering both our Term and Voluntary Permanent Life Insurance.

What is Voluntary Term Life Insurance?

Term Life offers cost-effective coverage for a specified period. It provides beneficiaries with a cash benefit to help pay for household expenses, day care costs, mortgages and college tuition. It is typically purchased during employees' working years when family financial responsibilities may be the greatest and before rates increase due to the employees' age.

  • Rates are initially lower than Permanent Life but premiums increase over time
  • Designated period of time
  • No cash value
  • Dependent coverage available
  • WillPrep Services automatically included on all voluntary term life cases at no additional cost

What is Voluntary Permanent Life Insurance?

Permanent Life coverage complements Term Life by enabling employees to lock in pricing with a smaller policy to help cover final expenses. Employees can also build cash value that can be used for loans or withdrawals during working and retirement years.

  • Rates are initially higher than Term but they never increase
  • Coverage lasts through retirement
  • Builds tax-deferred cash value that is accessible
  • Portable coverage for employee, spouse and child that locks in future insurability
  • Flexible paid up at age 65 option, so your employees can lock in benefit amount until age 120 — with no more payments

AD&D Insurance

Then to maximize financial security for your employees, offering Accidental Death & Dismemberment (AD&D) insurance can complement a Life plan by covering accidental death and injuries.

Valuable services beyond employee life insurance

The value you can provide your employees goes beyond just a group life insurance plan with these other available services:

  • Will Preparation Services - access to estate planning professionals, online planning documents and resource library (automatically included on Voluntary Term Life).
  • WorkLifeMatters – employee assistance program providing guidance on personal, financial and legal matters. Plus, workplace tools for employers.
  • Travel Related Insurance Protection (TRIP) -  an emergency travel and medical assistance program designed especially for employees who frequently travel for business or pleasure. 
  • College Tuition Benefit – when your employees participate in a Guardian plan, they can earn tuition rewards that can help pay for the cost of college.

Guardian for your Life Insurance needs

We’re one of only a few carriers to offer both voluntary term and voluntary permanent life insurance coverage. As a result, you can offer employees the flexibility to select one of these life insurances or both, at little or no cost to your company.

By giving them options and with our enrollment support, employees can get the coverage they need.

An enrollment experience where we do the heavy lifting

When a new employer offers voluntary life, our open enrollment support takes the work off of you and helps your employees purchase valuable coverage.

  • Wide array of product education and decision support resources like onsite meetings, phone help, and online tools
  • Multiple online enrollment options through GuardianAnytime.com or benefits administration platforms

Support that can be counted on

Through the years, Guardian has consistently maintained high financial ratings from ratings agencies. As a company that’s been delivering on promises for over 155 years, our stability means we’ll be there when customers need us most. When a life claim is filed, a tenured, dedicated life case manager handles your employees’ experience with empathy and care, and facilitates fast, accurate benefits payments.

Ready to take the next step?

Learn more about why Guardian is a smart choice for life insurance. We can provide any help you need in determining coverage to offer your employees.

 

 

Need some help?

Find a financial professional near you who can help figure things out

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Disclaimer

1The Guardian Workplace Benefits Study: 7th Annual, Financial Wellness Series Part 3, 2019.

Guardian Insurance is 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. Plan documents are the final arbiter of coverage. GP-1-LIFE-15, GP-1-GPL-14, GP-1-R-ADCL1-00 and GP-ADD-15-1.0.

Work Life Matters Program services are provided by Integrated Behavioral Health, Inc., and its contractors. Guardian does not provide any part of WorkLifeMatters program services. Guardian is not responsible or liable for care or advice given by any provider or resource under the program. This information is for illustrative purposes only. It is not a contract. Only the Administration Agreement can provide the actual terms, services, limitations and exclusions. Guardian and IBH reserve the right to discontinue the Work Life Matters program at any time without notice. Legal services provided through Work Life Matters will not be provided in connection with or preparation for any action against Guardian, IBH, or your employer. The Work Life Matters program is not an insurance benefit and may not be available in all states.

TravelAid services are provided by Integrated Behavioral Health, Inc., and UnitedHealthcare Global. The Guardian Life Insurance Company of America (Guardian) does not provide any part of TravelAid services. Guardian is not responsible or liable for care or advice given by any provider or resource under the program. This information is for illustrative purposes only. It is not a contract. Only the policy can provide the actual terms, services, limitations and exclusions. We are not responsible for availability, quality, result of or failure to provide any medical, legal or other care or service caused by conditions beyond Our control. Guardian and IBH reserve the right to discontinue TravelAid at any time. TravelAid services may not be available in all states.

Will Prep Services Disclosure: Will Prep Services are provided by Integrated Behavioral Health, Inc., and its contractors. The Guardian Life Insurance Company of America (Guardian) does not provide any part of WillPrep Services. Guardian is not responsible or liable for care or advice given by any provider or resource under the program. This information is for illustrative purposes only. It is not a contract. Only the Administration Agreement can provide the actual terms, services, limitations and exclusions. Guardian and IBH reserve the right to discontinue the WillPrep Services at any time without notice. Legal services will not be provided in connection with or preparation for any action against Guardian, IBH, or your employer.

The Tuition Rewards program is provided by SAGE CTB, LLC. Guardian does not provide any services related to this program. SAGE CTB, LLC is not a subsidiary or an affiliate of Guardian. Guardian reserves the right to discontinue the College Tuition Benefit program at any time without notice. The College Tuition Benefit is not an insurance benefit and may not be available in all states and IBH reserves the right to discontinue TravelAid at any time. TravelAid services may not be available in all states.

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