Portfolio

Guardian Life Launches New Registered Index-Linked Annuity

Guardian MarketPerform™ is a next-generation annuity designed to help individuals balance retirement planning, growth potential, and a level of protection

NEW YORK, March 27, 2024 /PRNewswire/ — The Guardian Life Insurance Company of America® (Guardian) has launched Guardian MarketPerform, a new Registered Index-Linked Annuity (RILA) designed to help individuals build their retirement assets with a level of protection.

Guardian MarketPerform is a long-term, tax-deferred retirement product with three unique features that allows those planning for retirement to:

  • Limit exposure to market risk. Limit and in some cases avoid losses due to poor market performance, based on the amount of Buffer protection selected.
  • Potential for investment growth. Track indices with upside potential, subject to a possible cap set in advance, enabling individuals to take advantage of market growth.
  • Customize investments. Choose from a curated range of investment options to best support unique retirement planning goals, including Strategy Term1, Index Protection Strategy2, and which index or indices to track.

Guardian MarketPerform is the latest addition to the company’s suite of retirement-focused annuities, including its fixed index annuity, single premium deferred fixed annuity, single premium immediate annuity, and deferred income annuity. With over $3 billion in annuity sales in 2023 and listed as one of the fastest growing annuity carriers last year, Guardian is a market leader in annuity sales and retirement planning.

Over the past few years, Guardian has invested significantly in building a meaningful retirement business that supports clients' well-being by helping them balance growth potential and a level of protection for their retirement assets...

Guardian’s annuities are designed to meet the evolving needs of those saving for retirement, which Guardian’s recent Mind, Body, and Wallet™ study[1] suggests is a growing challenge for Americans. Specifically, the study found that stress around personal finance is at an all-time high, with having enough savings to last through retirement (51%) and having a guaranteed source of income during retirement (48%) as the most pressing concerns for individuals. Compounding these challenges is that the study indicated that while the majority (79%) of full-time working Americans have a retirement plan, many are prioritizing immediate financial needs—leaving them potentially under-prepared to enjoy their post-retirement years.

“Over the past few years, Guardian has invested significantly in building a meaningful retirement business that supports clients’ well-being by helping them balance growth potential and a level of protection for their retirement assets. One strategic investment product for doing that, especially in today’s uncertain economic environment, may be a RILA like Guardian MarketPerform,” said Michael Ferik, Head of Individual Markets at Guardian. “Our growing suite of product offerings, however, is just one component of our commitment. As an extension of our investment, we’re also helping to empower financial professionals and clients alike with the resources they need—from a digital tool to educational materials—to engage in important conversations and navigate the complex world of retirement planning and products together.”

For more information about Guardian MarketPerform, visit GuardianLife.com/annuities/RILA. A current prospectus for Guardian MarketPerform is available here.

 

 

 

About Guardian
Guardian makes a difference in the lives of people when they need us most. With over 160 years of stability and fiscal integrity, we are a trusted resource to generations of families and business owners, inspiring well-being and helping build financial confidence. Today, we stand behind millions of consumers, helping them prepare and plan for a bright future for themselves and their families. We help business owners care for their employees. And we help people recover and thrive in times of unexpected loss. As a modern mutual insurance company, we believe in driving value beyond dividends. We invest in our colleagues, are building an inclusive and innovative culture, and are helping to uplift communities through thoughtful corporate impact programs. Guardian, which is based in New York City, is a leading provider of life, disability, dental, and other benefits, and has received accolades for its culture and service. Our colleagues and financial professionals serve with care and experience, and our commitments rest on a strong financial foundation3, which included a 2024 dividend allocation of $1.398 billion – the largest in the company’s history4. For more information, visit guardianlife.com or follow us on Facebook, LinkedIn and YouTube.
[1] https://www.guardianlife.com/reports/mind-body-wallet

 

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