The Guardian Insurance & Annuity Company Inc. (GIAC), a wholly-owned subsidiary of The Guardian Life Insurance Company of America (Guardian), launched several major fund enhancements to The Guardian Choice and The Guardian Advantage fund line-ups.
Guardian added 24 new funds to The Guardian Choice, bringing the total number of funds available to 127. The Guardian Advantage gained five new funds and now totals 99.
American General Life Companies (American General), a part of AIG, launched AG Secure Lifetime GUL II.
AG Secure Lifetime GUL II provides increased options in case design for 1035 and shorter pay scenarios and it includes an integrated Enhanced Surrender Value Rider (a return of premium feature). It is now available with the new Lifestyle Income Solution that can turn a life insurance product into a guaranteed stream of retirement income.