NEW YORK, December 14, 2010 –– The Guardian Insurance & Annuity Company, Inc. (GIAC), a wholly-owned subsidiary of The Guardian Life Insurance Company of America (Guardian), announced today that it is introducing an enhanced fund lineup for its group retirement product platform. The new investment options available to The Guardian ChoiceSMgroup variable funding agreement and The Guardian Advantage® group variable annuity retirement products will provide more investment choices for investors. The Guardian Advantage® will also provide the opportunity for retirement plans to decrease overall fund costs to participants.
As part of GIAC’s broadening of its product fund offering, The Guardian Advantage®will now offer 25 new funds in a variety of asset classes with some existing investment options now being offered in a lower expense share class. The Guardian ChoiceSM fund will add an additional 17 funds in which one existing investment option will offer a share class change consistent within its specific fund family.
”These enhancements are part of our ongoing efforts to provide plan sponsors and plan participants with additional investment options and quality service,” said Douglas Dubitsky, Vice President, Retirement Solutions. “GIAC is continually seeking ways to enhance our product platform and leverage our financial strength, experience and first-rate investment management capabilities to keep costs low and maintain a diversified investment portfolio for our clients.”
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, disability income, group medical and 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 120,000 companies. The company has more than 5,400 employees in the United States and a network of over 3,000 financial representatives in more than 80 agencies nationwide.
The Guardian Advantage® group variable annuity contract and The Guardian Choice℠ group variable funding agreement are 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, New York, NY.