Guardian Life Insurance
- Rated 5 stars out of 5 by NerdWallet.
- Ranks below average for customer satisfaction in J.D. Power study.
- Offers a full menu of term and permanent life insurance.
Guardian Life Insurance Co. is a mutual insurance company, meaning it’s owned by its policyholders. Customers who buy whole life insurance can share in annual dividends. The company has paid dividends every year since 1868, and in 2021 will pay a record $1.05 billion to policyholders.
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Guardian Life insurance
Guardian Life earned 5 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account complaint data from the National Association of Insurance Commissioners and financial strength ratings.
Based on these ratings, Guardian Life is among NerdWallet’s Best Life Insurance Companies for 2021.
Guardian Life insurance policies
Life insurance options from Guardian Life include:
Term life insurance: Guardian Life offers policies with terms of 10, 15, 20 or 30 years. You can get an estimated quote for term life insurance on the company’s website, but you must contact a company advisor to buy a policy.
Permanent life insurance: Guardian Life offers universal and whole life insurance, including a whole life survivorship policy called Guardian EstateGuard. Survivorship life insurance insures two people — typically a married couple — on one policy. The death benefit is paid to the beneficiary after the second person dies. With the EstateGuard policy, the cash value increases after the first person dies. Another unique feature is that policyholders can add more coverage in the early years of the policy.
Guardian Life also offers whole life policies to healthy people living with HIV. To qualify, an applicant must be:
- Between 20 and 60 years old.
- On highly active antiretroviral therapy for two or more years with favorable lab results.
- Free of any AIDS-defining illnesses.
- Under the care of a doctor specializing in HIV.
Guardian Life insurance customer complaints and satisfaction
Over three years, Guardian Life drew significantly fewer complaints to state regulators than expected for a company of its size, according to NerdWallet’s analysis of data from the National Association of Insurance Commissioners.
Guardian Life ranked 14th out of 23 companies in the J.D. Power 2020 U.S. Life Insurance Study on customer satisfaction.
More about Guardian Life
In addition to life insurance, Guardian offers other financial products and services, including:
- Disability income insurance.
- Wealth management and investments.
- Individual dental and vision insurance.
- Critical illness and accident insurance.
- Workplace benefits, including a college tuition benefit.
Guardian Life insurance pros and cons
|Drew significantly fewer complaints to state regulators than expected for a company its size.||Scored below average in J.D. Power’s 2020 customer satisfaction study for life insurance.|
|Offers unique coverage options, such as survivorship insurance and policies for HIV-positive applicants.|
Methodology: Life insurance ratingsNerdWallet’s life insurance ratings are based on weighted averages of financial strength ratings, which indicate a company’s ability to pay future claims, and complaint index scores from the National Association of Insurance Commissioners for individual life insurance. To calculate each insurer’s rating, we adjusted the scores to a curved 5-point scale.
These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews.