Originally Posted by ronocnikral
questions about guardian life insurance:
-each sales person I talk to tries to steer me away from guardian...why is that? I assume guardian's commission is less than others. guardian is definitely more expensive, less than TIAA-Cref though...
-a sales person told me going with a mutual company only makes sense if you want to convert to some kind of "permanent" insurance. it seems to me, 30 year term or permanent, the company still needs to be there to pay a benefit (hopefully it doesn't come to that). can someone help me make sense of this?
any help is appreciated...
Each person you talk to probably isn't licensed with Guardian. They are a good company, though their rates can be higher than other companies. If you are shopping on price, Guardian usually won't be at the top of the list. If you are shopping on financial ratings and the ability to convert to whole life with a mutual company (whether you plan to or not, never know what can happen to you), they are a good choice. I'd suggest including the conversion extension rider if you go with Guardian, otherwise your conversion period is only 5 years.
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