#United States #New York #Guardian Life #MarketPerform

Guardian Enhances MarketPerform® Annuity Available in New York

The Guardian Life Insurance Company of America® (Guardian) is set to enhance its offerings significantly by expanding the availability of its Registered Index-Linked Annuity (RILA), known as Guardian MarketPerform®, to New York residents. Initially launched across the nation in 2024, this step marks a significant stride toward addressing the retirement savings needs of New Yorkers, especially in a time of economic uncertainty.

With a growing number of individuals expressing concerns about their retirement savings, as indicated by Guardian's latest Annual Workplace Benefits Study, the need for secure and growth-oriented financial products has never been more evident. The survey reveals that nearly 50% of New Yorkers worry about having sufficient funds through their retirement years. This anxiety is further compounded by volatile market conditions that could jeopardize one’s savings, making it essential for individuals to explore options that minimize exposure to market risks while also facilitating potential growth.

What is Guardian MarketPerform®?

Guardian MarketPerform® is strategically designed as a long-term retirement product that offers tax-deferred growth. By linking returns to a registered index, it provides individuals with the opportunity to currate their investment according to their unique retirement goals while mitigating the risks associated with direct market investment. The key features of Guardian MarketPerform® allow policyholders to enjoy a level of protection against market downturns while still enabling them to capitalize on market upswings through index tracking.

In addition to its initial launch, Guardian is excited to introduce more customizable investment options specifically tailored to suit the diverse financial objectives of its clients. Now, clients in New York will have access to new terms based on the Nasdaq-100 index for three and six years, enhancing the flexibility in how they can invest their annuity funds.

Meeting the Needs of New Yorkers

As the landscape of retirement savings evolves, with many grappling to save adequately for the future, Guardian's expansion to New York is particularly timely. The sophisticated features of the RILA allow for strategies that limit exposure to negative market impacts while providing room for potential appreciation in value as markets improve. Many New Yorkers, feeling left behind in their retirement planning, can benefit from the introduction of this feature.

Michael Ferik, Head of Individual Markets at Guardian, emphasized the company's commitment to supporting individuals during economic uncertainty. He noted, “As a mutual insurance company, our long-term perspective positions us uniquely to deliver solutions that truly meet the needs of customers.”

This expansion aligns with an industry trend where RILA sales have surged, achieving record sales figures for the tenth consecutive year in 2024. With a significant year-over-year increase of 50% in total annuity sales, Guardian is dedicated to continuously improving its broad portfolio of annuity products, aligning with the retirement planning goals of its clients.

Looking Forward

To learn more about Guardian MarketPerform® and how it can fit into your retirement strategy, visit GuardianLife.com/annuities/RILA where a detailed prospectus is also available. This step sets a new precedent in individual retirement offerings, ensuring that clients not only receive robust financial solutions but also personalized experiences that ultimately empower them to achieve peace of mind for their future.

As Guardian continues to fortify its products and services, it remains steadfast in its mission to provide valuable resources that support not just individual goals, but also the well-being of communities at large. Their ongoing efforts include not only innovative products but also programs that uplift community welfare, fostering a culture of inclusion and support for all individuals.

Guardian's long-standing history, combined with its robust financial standing, positions it as a reliable partner in financial planning. With a dedicated focus on improving client experiences and adapting to market needs, Guardian looks forward to expanding its reach and enhancing its offerings in the annuity market.