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TMCNet:  The Guardian Insurance & Annuity Company, Inc. Launches Deferred Income Annuity

[January 14, 2013]

The Guardian Insurance & Annuity Company, Inc. Launches Deferred Income Annuity

NEW YORK --(Business Wire)--

The Guardian Insurance & Annuity Company, Inc. (GIAC), a wholly-owned subsidiary of The Guardian Life Insurance Company of America (www.Guardianlife.com), announced today the introduction of Guardian SecureFuture Income AnnuitySM, a deferred income annuity product designed to provide a future stream of guaranteed lifetime annuity payments.

With a minimum initial premium payment of $5,000, annuity owners of the Guardian SecureFuture Income AnnuitySM can begin receiving lifetime payments, backed by the claims paying ability of GIAC, at a predetermined future date chosen by the annuity owner within the rules of the annuity. Annuity owners are able to make additional premium payments to increase their future lifetime income up until 13 months before the income start date and can benefit from a variety of annuity features to meet their current or future income needs.

"Two of the bigest retirement concerns for many Americans are outliving their money and protecting their savings between now and when they plan to retire. Guardian SecureFuture Income AnnuitySM eliminates these possibilities by allowing clients to buy with today's savings a steady and predictable stream of income that is guaranteed for the life of the annuity owner and the spouse, if applicable," said Douglas Dubitsky, Vice President of Product Management & Development for Retirement Solutions at The Guardian Life Insurance Company of America.

The lifetime annuity payments provided by Guardian SecureFuture Income AnnuitySM are calculated based on certain characteristics of the annuitant, such as age at the time of any premium payment and gender; the Lifetime Annuity Payment Option; the amount of time before the annuity payments begin; the frequency of the annuity payments; and the purchase rates in effect at the time of initial premium or any additional premiums made thereafter. The annuity owner can choose to receive payments on a monthly, quarterly, semi-annual or annual schedule with the flexibility to change the frequency at any time up until the day before the first payment is made.

Dubitsky added, "Americans can no longer rely on traditional corporate pension plans or Social Security to comfortably fund their retirement income needs. GIAC's new deferred income annuity helps fill the retirement income gap by securing a future stream of lifetime income using savings Americans have today. Guardian SecureFuture Income AnnuitySM is backed by GIAC, which continues the 152-year tradition of Guardian, and has consistently received exemplary ratings from the four major credit rating agencies."

About Guardian

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, long term care insurance, disability income, dental insurance products, and offer 401(k), 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

Guardian SecureFuture Income AnnuitySM deferred income annuity contract is issued by The Guardian Insurance & Annuity Company, Inc. (GIAC), a Delaware corporation whose principal place of business is 7 Hanover Square, New York, NY 10004. GIAC is a wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY. Guardian does not issue the Guardian SecureFuture Income AnnuitySM and does not guarantee the benefits it provides. GIAC is a wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY.


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