|[November 16, 2012]
Guardian Announces $805 Million Dividend to Policyholders in 2013
NEW YORK --(Business Wire)--
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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