Guardian Disability Insurance Review
ConsumersAdvocate.org
Services and Features
Guardian disability insurance offers individual disability insurance and supplemental long-term disability coverage. The company provides benefit periods that last 2, 5 or 10 years, or up to retirement age. Supplemental disability is useful for those who rely on bonuses or commission as part of their accustomed salary above their base salary, as long-term group coverage is usually only pays out on base salary. Guardian individual disability insurance also covers student loan payments and retirement contributions. Policyholders don’t have to worry about changing jobs because it remains with them even if they decide to work for other company or employer.
The company holds the highest possible financial strength rating from AM Best spousal coverage program provides disability coverage for up to $2,500 each month for stay-at-home spouses.
Small Business Protection is a type of disability insurance that protects small businesses in the event that their owner is unable to work. It provides options that allow the business to keep running and meet payroll. It also pays to buy out a partner who is no longer able to work.
Guardian Life’s Supplemental Individual Disability Income Insurance does not require medical examination. It provides supplemental coverage to a policyholder’s long-term disability insurance. The policy remains in effect even if the policyholder changes their job.
Guardian provides an online calculator to help consumers estimate their disability insurance monthly cost. Clients may also ask for assistance from representatives, health care providers, and financial professionals available on their website.
Plan Details
|
Cost |
Not Stated |
|
Own Job Coverage |
Yes |
|
Short-Term |
Yes |
|
Long Term |
Yes |
|
Benefit Amount during Short Term |
Not Stated |
|
Benefit Amount during Long Term |
Not Stated |
|
Offer Option to supplement/pay for more coverage |
Yes |
|
Age ceiling of Long Term |
Up to 65 Years Old |
|
Offer Non-Cancellable |
No |
|
Guaranteed Renewability |
No |
|
Level Premiums |
Yes |
|
Elimination Period |
Not Stated |
|
Provision for Mental Health/Substance Abuse |
Yes |
Reputation
|
S&P |
AA+ |
|
Fitch |
AA+ |
|
Moody’s |
Aa2 |
|
AM Best |
A++ |
|
Market Share |
2.23% |
|
Company Age |
157 Years Old |
|
Years of Operation |
1860 |
Customer Experience
|
BBB |
A+ |
|
BBB Reviews |
0% Positive 100% Negative |
|
NAIC Complaint Score |
Not Stated |
|
Consumer’s Advocate Reviews |
|
|
Other User Reviews (Yelp, Etx.) |
|
Riders
|
Future Increase Option |
Yes |
|
Cost-of-Living |
Yes |
|
Social Security |
No |
|
Lifetime Extension |
No |
|
Waiver of Premium |
No |
|
Automatic Benefits Increase |
No |
|
Partial Disability |
Yes |
|
Return of Premium |
Yes |
Additional Features
|
Return to Work Program |
Yes |
|
Counseling |
Yes |
|
Pay for Training |
No |
|
Rehabilitation |
Yes |
Disability Insurance at Guardian
Guardian Life provides a variety of disability insurance options that are designed to answer the needs of both business owners and individuals. Its disability insurance can be a valuable source of funds when standard health insurance is unable to supplement your income.
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Customer Comments & Reviews
- Specializes in disability coverage for white collar occupations
- Provides benefit periods that last 2, 5, or 10 years, or up to retirement age
- Spousal coverage program provides disability coverage up to $2,500 each month for stay-at-home spouses
- Highest financial strength rating from A.M. Best at A++ (Superior)
