![]() ![]() Power Individual Life Insurance Study, Guardian Life Insurance scored a 775 (which is slightly below the industry average of 776) out of a 1,000-point scale. A++ is the highest rating that AM Best gives. AM Best ratings measure how strong and stable an insurance company is and how likely they are to meet their contractual insurance obligations. Guardian received an AM Best rating of A++. Guardian Life Insurance received a score of 0.64, which means they received fewer complaints than expected. If the company’s ratio is below 1.0, then the company received fewer complaints than expected. If a company has a complaint index over 1.0, the insurance company received more complaints than expected for a company of its size. From this data, the NAIC derives a complaint index with a baseline score of 1.0. The National Association of Insurance Commissioners (NAIC) provides insight into the customer experience of many different insurance companies by tracking the complaints they receive. No online application: Guardian Life Insurance does not offer an online application which some consumers may find inconvenient. ![]() Policy information online is vague: It’s hard to glean much from the company's website regarding policy offerings, pricing, and coverage limits.These dividends offer a return of a portion of the premiums customers pay on their whole life policy. Whole life policies are eligible for dividends: In 2022, Guardian Life Insurance issued $1.13B in dividends to eligible whole life policy holders.Guardian Life Insurance is one of only five insurers of the 91 reviewed that offer policies up to age 90. Policies available up to age 90: You can be eligible for a life insurance policy up to 90 years old.This means the company received very few complaints for a company of its size and outclassed all but five of its competitors, which is why it’s our pick for best overall life insurance company for fewest complaints. Very few customer complaints: Out of the 91 insurers we reviewed, Guardian received the sixth lowest National Association of Insurance Commissioners (NAIC) complaint index score, averaged over three years.Only nine of the 91 insurers we reviewed received an A++ from AM Best. This rating looks at an insurer's relative creditworthiness to determine how well it can meet its ongoing insurance obligation, which means, in part, how well it can pay insurance claims. Excellent financial stability: Guardian Life Insurance received an A++ AM Best rating for financial strength.Many companies cap no-med-exam life insurance at $1 million or less, but Guardian offers up to $3 million in coverage to healthy applicants up to age 50. And it offers relatively high coverage amounts as well. No-medical-exam life insurance up to $3 million: Not all insurance companies offer policies without requiring a medical exam, but Guardian Life Insurance does. ![]()
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