Welcome to InsureChance, the first online life Insurance marketplace. We are an independent life insurance agency and have a mission of making life insurance a simple concept. We can do this by providing the most unbiased and informative reviews and if you’re looking for a reliable review of National Guardian Life Insurance Company then you have come to the right place! We don’t like our articles to be biased because we feel it doesn’t help our clients find the best life insurance company and by providing all the information possible in our articles we feel that it has helped our clients find their best life insurance company because what’s the best company for one person may not be the best for the other person. It all comes down to specific needs, health, and lifestyle. In this article, we will be discussing National Guardian Life Insurance Company’s history, our review of them, and of course their products with highlights. The following are key points from the article;

1. National Guardian Life Company was founded in 1909 and was called The Wisconsin State Life Insurance Company then in Madison, WI.
2. Just like many other big box life insurance companies, National Guardian Life also takes pride in their community involvement. On their website, they state that their focus is about people – from their policyholders and marketing partners to their employees and the communities in which they live and work.
3. NGL’s consolidated assets continue to grow and now exceed $2.5 billion which is an increase of 126% over the last 10 years.
4. On their website, they advertise their final expense insurance, group term life insurance, and long-term-care insurance.
5. According to A.M Best Company, they have rated them an “A-” or excellent. Standard & Poor’s also rated them an “A” or strong. 

National Guardian Life Company’s History

National Guardian Life Company was founded in 1909 and was called The Wisconsin State Life Insurance Company then in Madison, WI. A year later the company sold their first life insurance policy for $5,000. In 1918 the business was growing more and more and it was time to move into a larger space, they moved into the Bank of Wisconsin Building. In 1920 they word “National” was added to the company name when Germania Life Insurance Company became the Guardian Life Insurance Company of America in 1918. In 1936, the company transitioned from a stock company to a mutual company upon their agreement of the Board of Directors. By 1948, the company has $100 million of insurance in force and they celebrated their milestone with 250 guests at the Loraine Hotel where awards and prizes were given out to outstanding members for service, production, and other achievements. In 1959 the new audiovisual “sales kits” were being used by agents which was the cutting-edge technology that was implemented to help increase their sales.

The company created their new logo in 1965 to show their policyholders as a leaf of the three leaf tree, marketing partners as the other leaf, company agents community as the last leaf, their strong protective shell created by employees, and the root being their financial stability and excellent customer service. In 1999 the company purchased Settlers Life Insurance Company adding more than 350,000 policies and certificates and with this transaction NGL consolidated statutory assets of $1 billion and policyholder surplus of $100 million. By 2004, their sales of life insurance products as measured by premium set a record of $120 million and by 2008 their assets exceeded $2 billion and surplussed nearly $161 million. Their policyholders exceeded 820,000. Two years later NGL celebrated their 100th anniversary by donating $100,000 to Madison College which afterwards created scholarships to Madison College. In 2011, NGL reached 1 million policyholders and four years later they acquired the individual life and annuity business of Madison National Life Insurance Company and annuities totaling approximately $260 million of reserves represented 280,000 policyholders.

National Guardian Life’s Community Involvement

Just like many other big box life insurance companies, National Guardian Life also takes pride in their community involvement. On their website, they state that their focus is about people – from their policyholders and marketing partners to their employees and the communities in which they live and work. Their generous employees give their time and their money to support causes that are most important to them. Many of their employee volunteer efforts go above and beyond and this month NGL is proud to feature their 35 NGL employees who volunteer for Home Health United Meals on Wheels. NGL and their employees have participated in the program for more than 30 years which equals out to 31,000+ meals delivered throughout the years. The gifts that employees donate to an eligible nonprofit of their choice has the opportunity of doubling their impact of their gift through NGL’s Matching Gift Program. Last year, the Salvation Army of Dane County raised more than $500,000 through the Red Kettle Campaign.

National Guardian Life Insurance Company 2017 Review

For over 100 years National Guardian Life Insurance Company has provided excellent customer service. They believe that excellent customer service is key to success and if something is important to one of their policy owners, marketing partners or agents, it’s important to them. NGL’s consolidated assets continue to grow and now exceed $2.5 billion which is an increase of 126% over the last 10 years. On their website, they advertise their final expense insurance, group term life insurance, and long-term-care insurance. According to A.M Best Company, they have rated them an “A-“ or excellent. Standard & Poor’s also rated them an “A” or strong.

Why you should always read a company’s rating.

Ratings are important for consumers to know because it gives them a good idea of their financial stability. It’s good for you, the consumer, to know whether a company is financially stable or not because you want to make sure the company will be around long enough for your policy to pay out. Ratings are not made up for jokes and giggles, there is a process these rating agencies go through to develop their rating. The company has to first seek out the help of the rating agency they choose to work with and sign a contract with them in order to allow them to go through the company’s financials and plans. Once the rating agency thoroughly investigates the company’s financials and plans then they present the recommended rating to their board and vote on whether or not the rating is a fair rating for the company to receive. After the vote then the rating is posted on the agency’s website and sent to the company.

If a company has a good rating it means that they are financially stable and if anything happens to their environment they would be perfectly fine. However, if a company has a bad rating it not only shows their instability with their financials but it also means they are vulnerable in their environment so if anything were to happen in their environment they wouldn’t know how to react. Plus they may not even be around in another 5 years or so and you don’t want to invest into a company that would just pick up and leave because not only will your policy be gone with the wind but so will all the premiums you have paid until that day. Moral of all this, just take a couple minutes of your day and check out a company’s rating.

National Guardian Life Insurance Products

Like we mentioned earlier, National Guardian Life offers final expense policies, group term life insurance, and long-term-care insurance.

Final Expense Insurance

• Final expense coverage is a lot like guaranteed issue life insurance.
• For smaller face amounts and you only need to answer a few questions to be qualified.
• Coverage can be done quickly since there is no need for a medical exam
• Ideal for a person who has only a few needs but wants them lined up quickly.
• Final expense covers burial costs and final hospital bills.
• Since it is only for the last expenses before your death you will not grow any cash value.
• Most final expense policies offer set premiums so they are affordable and will not change for your entire life.

Group Term Life Insurance

• Term life is a form of temporary life insurance that provides coverage for a short and specified period of time.
• “Term” refers to the period of time in which you want to be covered for.
• A group plan is offered by those who are employed.
• Group Term life insurance is based off your job so if you leave your job you may lose your coverage or have higher premiums to pay.
• These plans are available with a variety of payment schedules and coverages for the employees and their family.

Long Term Care Insurance

• Long-term care insurance is a lifetime benefit period rider.
• There are two options to choose from when it comes to paying your premiums, Single Pay, and 10 Pay Premium Options.
• Joint Policy Design options.
• Offers very competitive pricing.
• There is a return of premium with cash surrender option.
• Ideal for executive carves out sales.
• Accommodates 1035 Exchanges.
• Shared Care Using a Third Pool.
• Employer group and Association Group Discounts Available.
• LTC premiums are tax deductible.
• LTC benefits are received tax-free.

Trusts

• NGL offers multiple trusts allowing for the best fit for you and your finances.
• Your assets may be considered exempt for Medicaid qualification purposes immediately or after the 60 months look back period.
• NGL Irrevocable Trust is one of the plans available for trusts.

Pros of National Guardian Life Insurance Company

National Guardian Life is a commendable company who have a couple of pros such as having very high ratings and being very committed to their community service. National Guardian Life has been around for over 100 years and dedicates themselves to their customer service. Another pro is that they offer many services and products such as dental, vision, gap insurance, marketing support, critical illness, group term life insurance and long-term-care insurance.

Cons of National Guardian Life Insurance Company

National Guardian Life may be a commendable company who have a few pros but they are just one of many other companies. Another con is that they don’t offer many life insurance products. They don’t offer a traditional term life insurance product or a whole life insurance product. They also don’t offer traditional universal life insurance policies or variable and index universal life insurance products.

Work with us!

If you think that National Guardian Life is right for you then that’s fantastic, however, we always recommend our clients shop around for quotes before deciding on the best company to buy from. If you have 30 seconds go below this article and fill out our quick and easy quote engine, then you will see for yourself all the different quotes (from A rated companies) you will be offered. Not only will you see the quotes you will be offered but you can compare for yourself what other companies have to offer as well this way you can assure yourself that you are getting the best possible rate. Or you can give us a call and let us do all the work for you! Take advantage of our FREE service and let us do all the shopping around for you, plus we will do the application for you so that you can spend more time with those who matter the most, your family.

If you have a medical condition, you should work with us because we specialize in high-risk clients. Keep in mind that if you do have a medical condition or participate in dangerous hobbies or work in hazardous occupations, your quote will differ than the ones given below. You should especially work with us because if you have diabetes and are looking to buy coverage from a company who specializes in sleep apnea, you will find yourself getting rated up the wall. You should be working with a company who specializes in diabetes so that you can get a good rating. This is because every life insurance company have their own niche and if a company’s niche is diabetes it means that they specialize in clients with diabetes and they understand the condition more than a company who specializes in sleep apnea. You may not be aware of the niches that insurance companies have but we do, work with us and let us find you the most affordable rates with the best coverage amount today!

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