Guardian - Basic Life AD&D Plan Summary 2022

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How life insurance protects

families and covers critical costs.
Life
insurance
If something happens to you, life Preparing and planning
insurance can help your family Jorge’s never considered purchasing
life insurance, but after being offered it
reduce financial stress. through work, he decides it’s a smart
Life insurance helps protect your family’s finances by providing way to protect his family.
a cash benefit if you pass away. This ensures that they’ll be
financially supported, and can cover important things from
bills to funeral costs. With life policies, you can get affordable Jorge has a mortgage, and because
his wife is helping to take care of her
life insurance protection for a set period of time.
mother, she only works part-time. In
addition, his daughter is about to
Who is it for? start college.
Everyone’s life insurance needs are different, depending on their family Jorge looks at how his family would
situation. That’s why group life insurance through an employer is an easier be affected by losing him.
and more affordable option than individual life insurance. Average funeral cost: $9,000
Average mortgage debt: $202,000
What does it cover?
Life insurance protects your loved ones by providing a benefit Average cost of college: $17,000 -
(which is usually tax-exempt) if you pass away. $44,000
Average household credit card debt:
Why should I consider it? $8,500
Life insurance is about more than just covering expenses. Depending With life insurance, Jorge can
on your circumstances, it could take your family years to recover from the make sure that part of these
loss of your income. costs are covered if something
With a life insurance benefit, your family will have extra money to cover happens to him.
mortgage and rent payments, legal or medical fees, childcare, tuition,
and any outstanding debts.
This example is for illustrative

purposes only. Your plan’s coverage
Guardian, its subsidiaries, agents, and employees do not provide tax, legal, may vary. See your plan’s information
or accounting advice. Consult your tax, legal, or accounting professional on the following pages for specific
regarding your individual situation. amounts and details.
You will receive these benefits if you meet the conditions listed in the policy.
GUARDIAN® is a registered trademark of The Guardian Life Insurance Company of America

PLUME DESIGN, INC. Kit created 10/13/2021
ALL ELIGIBLE EMPLOYEES Group number:00547339 13
2020-104318 (07/22)
Your life coverage
BASIC LIFE
Employee Benefit Your employer provides Basic Life

Coverage for all full time
employees in the amount of 300%
of your annual salary, to a
maximum of $500,000.
Accidental Death and Dismemberment Your Basic Life coverage includes

Enhanced Accidental Death and
Dismemberment coverage.
Guarantee Issue: The ‘guarantee’ means you are not required to answer health questions to qualify for Underwriting may be required,
coverage up to and including the specified amount, when you sign up for coverage during the initial depending on amount and/or age
enrollment period.
Premiums Covered by your company if you

meet eligibility requirements
Portability: Allows you to take coverage with you if you terminate employment. Yes, with age and other
restrictions
Conversion: Allows you to continue your coverage after your group plan has terminated. Yes, with restrictions; see
certificate of benefits
Accelerated Life Benefit: A lump sum benefit is paid to you if you are diagnosed with a terminal Yes
condition, as defined by the plan.
Waiver of Premiums: Premium will not need to be paid if you are totally disabled. For employees disabled prior to
age 60, with premiums waived
until age 65, if conditions are met
Benefit Reductions: Benefits are reduced by a certain percentage as an employee ages. 35% at age 65, 60% at age 70, 75%
at age 75, 85% at age 80
Subject to coverage limits

ALL ELIGIBLE EMPLOYEES Group number: 00547339 14
Your life coverage
LIMITATIONS AND EXCLUSIONS:
Traveling on any type of aircraft while having duties er on that aircraft; by declared or
A SUMMARY OF PLAN LIMITATIONS AND EXCLUSIONS FOR LIFE undeclared act of war or armed aggression; while a member of any armed force (May
AND AD&D COVERAGE: vary by state); while driving a motor vehicle without a current, valid driver’s license; by
legal intoxication; or by voluntarily using a non-prescription controlled substance.
You must be working full-time on the effective date of your coverage; otherwise, your Contract #GP-1-R-ADCL1-00 et al. We won't pay more than 100% of the Insurance
coverage becomes effective after you have completed a specific waiting period. Employees amount for all losses due to the same accident, except as stated. The loss must occur
must be legally working in the United States in order to be eligible for coverage. within a specific period of time of the accident. Please see contract for specific definition;
Underwriting must approve coverage for employees on temporary assignment: (a) definition of loss may vary depending on the benefit payable.
exceeding one year; or (b) in an area under travel warning by the US Department of
State. Subject to state specific variations. Evidence of Insurability is required on all late GP-1-R-LB-90
enrollees. This coverage will not be effective until approved by a Guardian underwriter. Enhanced AD&D: A loss may be defined as death, quadriplegia, loss of speech and
This proposal is hedged subject to satisfactory financial evaluation. Please refer to hearing, loss of cognitive function, comatose state in excess of one month, hemiplegia or
certificate of coverage for full plan description. paraplegia. The loss must occur within a specific period of time of the accident. Please see
Accelerated Life Benefit is not paid to an employee under the following circumstances: contract for specific definition; definition of loss may vary depending on the benefit
one who is required by law to use the benefit to pay creditors; is required by court payable.
order to pay the benefit to another person; is required by a government agency to use
the payment to receive a government benefit; or loses his or her group coverage before
an accelerated benefit is paid.
For AD&D: We pay no benefits for any loss caused: by willful self-injury; sickness,
disease or medical treatment; by participating in a civil disorder or committing a felony;
Guardian Group Life Insurance underwritten and issued by The Guardian Life Insurance Company of America, New York, NY. Products are not
available in all states. Policy limitations and exclusions apply. Optional riders and/or features may incur additional costs. Plan documents are the
final arbiter of coverage.
Policy Form # GP-1-LIFE-15

ALL ELIGIBLE EMPLOYEES Group number: 00547339 15

Guardian - Basic Life AD&D Plan Summary 2022

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Watch our video

How life insurance protects

This example is for illustrative

GUARDIAN® is a registered trademark of The Guardian Life Insurance Company of America

Employee Benefit Your employer provides Basic Life

Accidental Death and Dismemberment Your Basic Life coverage includes

Premiums Covered by your company if you

Subject to coverage limits

GUARDIAN® is a registered trademark of The Guardian Life Insurance Company of America

GUARDIAN® is a registered trademark of The Guardian Life Insurance Company of America

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