Life Insurance Overview

Watch our video How life insurance protects families and covers critical costs. Life insurance If something happens to you, life insurance can help your family reduce financial stress. Lifeinsurancehelpsprotectyourfamily’sfinancesbyproviding acashbenefitif youpassaway.Thisensuresthatthey’llbe financiallysupported,andcancoverimportantthingsfrom billstofuneralcosts.Withlifepolicies,youcangetaffordable lifeinsuranceprotectionforasetperiodoftime. Who is it for? Everyone’s life insurance needs are different, depending on their family situation. That’s why group life insurance through an employer is an easier and more affordable option than individual life insurance. What does it cover? Life insurance protects your loved ones by providing a benefit (which is usually tax-exempt) if you pass away. Why should I consider it? Life insurance is about more than just covering expenses. Depending on your circumstances, it could take your family years to recover from the loss of your income. With a life insurance benefit, your family will have extra money to cover mortgage and rent payments, legal or medical fees, childcare, tuition, and any outstanding debts. Guardian,itssubsidiaries,agents,andemployeesdonotprovidetax,legal, oraccountingadvice. Consultyourtax,legal,oraccountingprofessional regardingyourindividualsituation. Preparing and planning Jorge’s neverconsideredpurchasing life insurance, butafterbeingofferedit through work, he decides it’s a smart waytoprotecthis family. Jorge has a mortgage, and because his wife is helping to take care of her mother, she only works part-time. In addition, his daughter is about to start college. Jorge looks at how his family would be affected by losing him. Average funeral cost: $9,000 Average mortgage debt: $202,000 Average cost of college: $17,000 - $44,000 Average householdcreditcarddebt: $8,500 With life insurance, Jorge can make sure that part of these costs are covered if something happens to him. This example is forillustrative purposes only. Yourplan’s coverage mayvary. See yourplan’s information on the followingpages forspecific amounts anddetails. You willreceive these benefits ifyou meetthe conditions listedin the policy. GUARDIAN® is a registered trademark of The Guardian Life Insurance Company of America AesopIntermediateLLC Kit created 12/05/2022 ALL ELIGIBLE EMPLOYEES Groupnumber:00554984 2020-104318 (07/22) 11