Benefits of Guardian Life Insurance

Executive Summary
Guardian Life Insurance Co. ranks #239 on the Fortune 500 list with revenues of $12.4 billion in 2017 and profits of $455 million. It currently owns $75 billion in assets and is one of the premier insurance and investment companies in the U.S (Fortune, 2018). The goal of Guardian in the near future is to sustain its position and “to endeavor to be valued as an industry leader in client satisfaction, sales growth, product performance, financial strength and profitability” (Guardian Life Insurance, 2018).
This paper provides an overview of Guardian Life Insurance. It examines the products and services that the company offers, the types of investment services and products offered, the practices that drive the company and the manner in which the company motivates employees. By discussing the company in this manner, the overall view of what Guardian Life Insurance has to offer can be seen.
Mission and Vision
The mission statement of Guardian Life is: “To enrich the lives of people we touch. By providing highest performing financial products and services that reduce risk and increase assets, we help individuals and employers fulfill their responsibilities and build better tomorrows” (Guardian Life Insurance, 2018).
Guardian’s vision statement is: “Our culture is based on an unwavering belief in integrity and fair dealings, treating our clients and each other with dignity and respect. We meet the needs of the markets we serve. We strive for excellence. We take prudent risks and work together to assure our success and profitability in the future” (Guardian Life Insurance, 2018).
Products and Services Offered
Guardian Life Insurance is more than just an insurance company. While it does provide customers with different types of insurance products, it also offers them investment solutions and services. The products and services that are offered by Guardian Life Insurance include:
· Life insurance
· Disability income insurance
· Annuities
· Investments
· Individual dental insurance
· 401(k)
· Workplace benefits
Types of Investment Services and Products Offered
The types of investment services and products offered by Guardian include annuities, which is an investment agreement between the insurance company and the consumer; 401(k) services, which allows the consumer to invest work earnings; and other investment services, such as advice on planning a portfolio, financial planning, retirement plans and cash management solutions, which are managed through Park Avenue Securities (Guardian Life, 2018; Park Avenue Securities, 2018).
Practices that Drive the Company
Practices that drive the company include its focus on providing people with access to financial planning for the long-term. Guardian is a Fortune 250 company that aims to be a leader in the insurance and investment business. Its main driver is the vision of being committed to serving American communities so that they can retire happily without worry. Guardian thus aims to work with health care providers, consumers, government agencies, and investors to make sure the people are treated fairly and with the care that they deserve.
How the Company Motivates Employees
The company motivates its employees by using incentives such as worker benefits like 401(k) opportunities and the chance to climb up the corporate ladder of a Fortune 250 company and have a long-term job in the insurance and investment industry. The company offers careers for corporate workers and for financial planners. Guardian also offers vision care benefits, medical benefits, retirement savings plans, dental care, income protection, life insurance, flexible spending accounts, critical illness and accident insurance, generous paid parental leave, discounted commuter programs, and matching donations to educational institutions (Guardian Benefits, 2018). By offering workers numerous extrinsic incentives of this manner, the company is able to motivate its workers to perform to their best, as the rewards for performance are one of the main drivers of success.
References
Fortune. (2018). Guardian Life. Retrieved from
http://fortune.com/fortune500/guardian-life-ins-co-of-america/
Guardian Benefits. (2018). We care. Retrieved from
https://www.guardianlife.com/corporate-careers/guardian-benefits
Guardian Life. (2018). Home. Retrieved from
https://www.guardianlife.com/investments
Guardian Life Insurance. (2018). Mission and vision statement. Retrieved from
http://www.makingafortune.biz/list-of-companies-g/guardian-life-ins-co-of-america.htm
Park Avenue Securities. (2018). Manage investments. Retrieved from
https://www.parkavenuesecurities.com/about-our-products-and-services