The Guardian Life Insurance coverage Firm of America unveiled the Guardian Safe Index Annuity, with an optionally available assured dwelling profit rider – the Guardian Revenue Magnifier Rider, which is issued by its wholly owned subsidiary, The Guardian Insurance coverage & Annuity Firm, Inc. (GIAC).

With the introduction of the Guardian Safe Index Annuity, the corporate has expanded its pipeline of annuity choices that assist mitigate market volatility and longevity threat, the insurer introduced in a information launch. This fastened index annuity, obtainable on the market by means of registered representatives of Park Avenue Securities, provides assured retirement earnings shoppers can’t outlive, with further progress potential.

In response to the tenth Annual Guardian Office Advantages Examine, practically 8 in 10 working Individuals really feel it is very important have a assured earnings stream in retirement. Shoppers can benefit from potential beneficial properties throughout index upswings primarily based on the index they choose such because the S&P500® or two proprietary indices: AB World Allocator IndexSM and the PIMCO Balanced Allocation Plus IndexTM.

Shoppers are insulated from index downturns as they may by no means lose premium attributable to a dip within the index worth, they usually have the flexibleness to change their index choice yearly.

“As individuals start to ponder financially put together for retirement, a serious concern is how to make sure they do not outlive their retirement belongings,” stated Dominque Baede, Head of Life and Annuity at Guardian. “The Guardian Safe Index Annuity generally is a strategic software in a consumer’s retirement technique by guaranteeing an ongoing supply of earnings throughout retirement with the additional benefit of potential progress. Creating the chance to have retirement belongings develop with the added assurance these belongings can be obtainable all through retirement is on the middle of how Guardian evokes well-being.”

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The optionally available Guardian Revenue Magnifier Rider provides, for a price, the advantage of figuring out the assured earnings won’t decline for the lifetime of the contract as long as lifetime withdrawals do not exceed the Assured Annual Withdrawal Quantity (GAWA), even when the contract worth goes to zero.

The rider additionally gives an earnings base1 that has the potential to extend yearly and provides the flexibleness to vary the people protected beneath the rider to assist meet various earnings wants, or to handle life occasions corresponding to marriage, divorce, or dying of a partner. With the Guardian Revenue Magnifier Rider, shoppers can take 3% to six% of the earnings base per yr for all times, relying on their age on the time of the primary assured annual withdrawal, and whether or not considered one of two individuals are lined.

About The Guardian Life Insurance coverage Firm of America (Guardian®)
Every single day, Guardian gives Individuals the safety they deserve by means of our insurance coverage and wealth administration services and products. Since our founding in 1860, our long-term view has helped our prospects put together for no matter life brings, whether or not beginning a household, planning for the long run, or caring for workers. Right this moment, we’re a Fortune 250 mutual firm and a number one supplier of life, incapacity, dental, and different advantages for people, on the office and thru authorities sponsored applications. The Guardian neighborhood of over 9,000 workers and our community of over 2,500 monetary representatives is dedicated to serving with experience when, the place and the way our shoppers want us. Our commitments relaxation on a robust monetary basis, which at year-end 2020 included $9.5 billion in capital and $1.7 billion in working earnings. For extra info, please go to or comply with us on Fb, LinkedIn, Twitter, and YouTube.

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