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Guardian® Introduces a New Fixed Deferred Annuity with Flexible Renewal and Withdrawal Options

July 14, 2014

NEW YORK--(BUSINESS WIRE)-- The Guardian Insurance & Annuity Company®, Inc. (GIAC), a wholly-owned subsidiary of The Guardian LifeInsurance Company of America® (Guardian), announced today the introduction of the Guardian Fixed Target Annuity?. Research from various retirement industry groups has shown that Americans are concerned about having enough money saved to support a comfortable retirement lifestyle. This single premium fixed deferred annuity offers customers the ability to select from multiple guaranteed interest periods and provides flexible renewal and withdrawal options to help generate income for retirement. Unlike many fixed annuities, the Guardian Fixed Target Annuity does not have any market value adjustments on withdrawals made before maturity, providing customers with transparency into what to expect out of his or her retirement income stream. Additionally, a client will know the end value of his or her investments based on the interest rate applied and the time until maturity.

“There are a myriad of factors individuals need to consider when preparing for retirement. The Guardian Fixed Target Annuity is the latest in a suite of annuity products that Guardian offers to help Americans reduce volatility risk, add stability to their investment portfolio, and prepare for a financially secure retirement,” said Douglas Dubitsky, Vice President for Retirement Solutions at Guardian.

At the end of the selected maturity period, an investor may opt to renew the Guardian Fixed Target Annuity into any available guaranteed interest period or to transfer into the One-Year Guaranteed Interest Period, which keeps the annuity’s accumulation value growing tax-deferred through a fixed rate of return guaranteed for one year. The One-Year Guaranteed Interest Period enables an investor to withdraw any amount during the period free of surrender charges, allowing for added liquidity. When ready, the client may partially withdraw, fully surrender, transfer 100% of the annuity’s value into any available guaranteed interest period, or select one of the annuity payment options available to create a stream of income through annuity payments.

Guardian Fixed Target AnnuitySM is a service mark of and 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. (800) 221-3253. All annuity guarantees are backed solely by the claims-paying ability of GIAC.

About Guardian

A mutual insurer founded in 1860, The Guardian Life Insurance Company of America (Guardian) 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 eight million employees and their families at over 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


The Guardian Life Insurance Company of America

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Source: The Guardian Life Insurance Company of America

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