7 Hanover Square
New York, NY 10004
CEO: Dennis Manning
Mutually held company
The Guardian Life Insurance Company of
America is the fourth largest mutual life insurance company in
the United States. As of December 31, 2005, Guardian had $24.8
billion in assets.
With more than 5,000 employees and 2,900
financial representatives, as well as over 80 agencies nationwide,
Guardian and its subsidiaries protect individuals, businesses
and their employees with life, disability, health and dental
insurance products, and offer 401(k), financial products and
Guardian is a mutually held company.
In 2005, Guardian paid $5.6 billion in
benefits across all lines of business.
Guardian was founded by Hugo Wesendonck
in 1860 in New York. At the time, it was called the Germania
Life Insurance Company of New York. Within two short years, the
company began opening agencies across the country.
In 1868, Germania became the first U.S.
insurance company to start an agency in Europe. By the early
1900s, almost half of its business was outside North America,
until the pressures of World War I forced it to stop writing
business in Europe.
In 1917, the company changed its name to
The Guardian Life Insurance Company of America.
In 1925, Guardian converted from a mixed
stock and mutual company to a wholly mutual company. The company
has no stockholders or private owners. The policyholders own
the company and profits are distributed to them in the form of
dividends on policies. Guardian has paid dividends consistently
for over 145 years its been in business.
Guardian offers national POS and PPO medical
plans as well as HMOs in several locations. The dental plan
assists you and your family with many expenses and emphasizes
routine dental care and savings through a dental PPO. To encourage
healthy eyes as part of your regular health care routine, Guardian
offers comprehensive vision coverage through our Vision
Flexible Spending Accounts (FSAs) allow you to set aside money on a pre-tax
basis to pay certain health care expenses not covered by other
plans, including dependent day care expenses.
Work/Life Assistance Program
Guardian recognizes that personal and family
problems can affect your life both at home and at work. To assist
you and your family in getting the help you need, we've established
the Work/Life Assistance Program, which consists of Employee
Assistance, Child Care Assistance and Elder Care Assistance.
Counselors are on hand 24 hours a day, 7 days a week to help
you clarify your problem, identify options and develop an action
plan. Services provided are confidential to the fullest extent
permitted by law.
There is no cost to employees or family
members for consultations with the Work/Life Assistance Program
counselors. If you require a referral outside of the program
for specialized needs, there may be a charge for these services.
Some of these costs, however, may be covered by your Guardian
The disability coverage is designed
to supply you with continuing income for short-term and long-term
periods if you become disabled and cannot work. You are covered
under life insurance provided by Guardian and have the
option to purchase additional life coverage for yourself and
401(k) and Retirement Plans
The 401(k) plan offers you an opportunity
to supplement your retirement income with systematic, tax-deferred
savings in a variety of investment options, plus annual employer
matching and special contributions. The retirement plan is non-contributory
and provides you with additional retirement benefits and security
by paying an income for life after you retire from Guardian.
Group Long Term Care
This plan is designed specifically to cover
the costs associated with extended long-term care services for
people who are unable to care for themselves. These services
include assistance in the home with day-to-day activities as
well as services in community-based setting, such as adult day
care, an assisted living facility or a nursing home.