Life insurance is a critical part of a comprehensive employee benefits package that helps support employees’ financial wellness. After all, a path toward better financial independence involves more than just building savings. Life insurance packages.
Employees need to protect the things that are valuable to them. And at 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 as their main option:
For the first time in history, more Americans are covered by employment-based group life insurance than individual life insurance.¹
57% of those with life insurance obtain it exclusively from their workplace.²
More employers choose Guardian to provide their employees’ life coverage than any other carrier.³ Why? Because we help employers offer a life insurance program that sets their employees on a path toward better 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 the most comprehensive plan possible.
Key features that appeal to employees:
Generous guarantee issue amounts help as many employees obtain coverage, regardless of health history
Portability allows employees to keep coverage if they change jobs
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 even offer a more complete, continuous solution by offering both our Term and Voluntary Permanent Life Insurance.
How to buy 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
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 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
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, employees can get a more complete, continuous solution. And with our enrollment support, it’s easy for your employees to 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 easily 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 or benefits administration platforms
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.
Life of insurance
LIMRA; “Employment-Based Life Insurance Ownership Trends; 2016.
The Guardian Workplace Benefits Study: Fourth Annual, 2016.
LIMRA Group Sales and Inforce Survey 2016, based on number of 2015 sales and inforce cases
WorkLifeMatters 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 WorkLifeMatters program at any time without notice. Legal services provided through WorkLifeMatters will not be provided in connection with or preparation for any action against Guardian or IBH. WorkLifeMatters Program services is not an insurance benefit and may not be available in all states.
TravelAid services are provided by Integrated Behavioral Health, Inc., and Frontier Medex. 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. This service may not be available in all states.
WillPrep Services are provided by Integrated Behavioral Health, Inc., and its contractors. This is not an insurance benefit and may not be available in all states.
Guardian Group Life Insurance 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. Policy Form #GP-1-R-ADCL1-00, et al. Policy Form #GP-1-GPL14 Life Contract#GP-1-R-LB-90, GP-1-R-EOPT-96 Voluntary Life Contract #GP-1-R-ADCL1-00 et. al.