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Last updated on Apr 03, 2020

Guardian Life Insurance Review

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Guardian Life Insurance

  • Community-owned insurance that pays dividends to policyholders
  • Offers whole life insurance plans to those with HIV
  • Offers EstateGuard, which covers two people under one policy
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How We Reviewed Guardian Life Insurance

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7 companies compared

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3 features evaluated

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5 ratings analyzed

Guardian Life Insurance Review

Guardian Life is similar to other providers in that it offers multiple kinds of life insurance policies, including whole life, universal life, and term life options. What differentiates it is that it specializes in providing protection for those who have disabilities, rendering it easier for policyholders to pay bills if an illness or accident causes them to miss work. What’s more, the company has an exceptional reputation, as evidenced by its A+ rating with the Better Business Bureau.

Ultimately, this insurance company is good for those who need specialized life insurance, such as survivorship benefits. Its website is pretty scant in terms of policy information and resources, but it still may be worth including the company as you get quotes from companies.

ProsCons
Life insurance for those who have HIV, provided they meet specific requirements
Survivorship life insurance
Policyholders eligible for dividends
Lack of information on website

The Life Insurance Factors We Analyzed

Customer experience

While Guardian’s website is fairly basic — you’ll have to contact an agent for detailed information about policies — it is easy to receive a quote. Simply go to its website, click on the “get a quote” button, enter personal information, and then receive the quote. You can adjust the benefits information to receive an estimated price.

Overall, customers also seem to have good experiences with the Guardian. The National Association of Insurance Commissioners found that the company received fewer than the average number of complaints in 2018, and the company received a four out of five in J.D. Power’s life insurance study.

Financial strength

Guardian Life is one of the biggest providers available. The company receives exceptional ratings across the board, including the following:

  • Moody’s (pertains to the credit risk of provider): Aa2
  • AM Best (grades a provider’s financial strength and ability to meets its obligations, such as paying claims): A++
  • S&P Global (the ability of a provider to repay its debt): AA+

Guardian Life’s great reputation across all rating agencies ensures that it has the financial assets needed to pay out claims while repaying all debts.

Coverage and rider information

In addition to standard coverage, Guardian has a few unique features. In 2017, Guardian rolled out EstateGuard. This benefit allows two people to be under one policy, which reduces the costs of having to pay for another plan. What’s more, the cash value increases after one of the members passes away, giving the surviving member ways to pay for the policy or make up lost income.

Guardian Life also covers those who have HIV through its whole life insurance. To qualify, you must be between 20 and 60 years of age, without an AIDS-defining illness, taking highly active anti-retroviral therapy for at least two years, and under the care of a doctor who specializes in treating those with HIV. While premiums will likely be higher than those of a standard policy, Guardian’s coverage is a thoughtful touch for people who may be denied coverage elsewhere due to their illness.

Life insurance coverage features

Insurance types offeredWhole, universal, term
Term lengths offered10, 15-20, or 30 years
Standout coverage featuresEstateGuard for two people on one policy
Coverage for people with HIV

Guardian Life Insurance Overview: Financial Strength, Availability, and History

Guardian Life Insurance Company has a great reputation, earning an A+ rating from the Better Business Bureau. What’s more, the number of filed complaints with the National Association of Insurance Commissioners was below average for the industry.

  • In business since: 1860
  • S&P Global financial strength rating: AA+
  • Moody’s financial strength rating: Aa2
  • AM Best financial strength rating: A++
  • States served: 50

The Competition

RankReviews.com ScoreCustomer Experience ScoreFinancial Strength Score
Guardian Life74.1/54/54.3/5
Guardian Life14.9/55/54.7/5
Guardian Life24.8/55/54.3/5
Guardian Life34.5/54.3/53.7/5
Guardian Life44.4/54.3/54.7/5
Guardian Life54.25/54.3/54/5
Guardian Life64.2/53.7/54.3/5

All information accurate as of February 4, 2020.

The Bottom Line

Guardian Life is a smart choice for couples searching for life insurance or for people who may be denied coverage elsewhere due to illness. With EstateGuard, you can have two people on one policy, reducing the amount spent on multiple policies while also giving you the option to adjust death benefits. And if you are diagnosed with HIV, Guardian Life has coverage options specifically geared toward your needs, provided you meet the company’s qualifications. Ultimately, the financial strength of the company, coupled with its unique features, makes it a good draw for anyone considering life insurance.

Guardian Life Insurance FAQ

About the Authors

Sean Jackson

Sean Jackson Contributing Writer

Sean Jackson is a freelance journalist who has covered insurance, internet, home services and other topics for Reviews.com, ESPN, CBS, and the San Francisco Chronicle.