[November 16, 2012]

Guardian Announces $805 Million Dividend to Policyholders in 2013

The Guardian Life Insurance Company of America (Guardian), one of the nation's oldest and largest mutual life insurers, today announced that its Board of Directors has approved payment of $805 million in dividends to the company's individual life policyholders in 2013. The allocation is the largest-ever distribution to Guardian's participating policyholders.

In addition, the Dividend Interest Rate, which is the investment component of the dividend, will be 6.65% in 2013, a very competitive dividend interest rate in a period of historically low interest rates, the company reported.

"As a mutual life insurance company, for more than 150 yars we've managed our company in the best interests of our owners - people who actually own our participating life policies," said Deanna M. Mulligan, Guardian's President and Chief Executive Officer. "As a result, we're able to fully align our interests with those of our policyholders and stay focused on the long term.

"Guardian's core mission is to remain financially strong so the company can pay its participating policyholders a competitive dividend. At a time of continued economic uncertainty, we are pleased that we continue to fulfill that important obligation to our owners," she added.

A mutual insurer founded in 1860, The Guardian Life Insurance Company of America and its subsidiaries are committed to protecting individuals, business owners and their employees with life, disability income and dental insurance products, and offer funding vehicles for 401(k) plans, annuities and other financial products. Guardian operates one of the largest dental networks in the United States, and protects more than six million employees and their families at 115,000 companies. The company has approximately 5,000 employees in the United States and a network of over 3,000 financial representatives in more than 80 agencies nationwide.   For more information about Guardian, please visit www.GuardianLife.com.

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