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Guardian Highlights Significance of Critical Illness Insurance During National Stroke Awareness Month
Date:5/4/2009

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From Guardian's Benefits & Behavior: Spotlight on Group Critical Illness Insurance Study:

  • More than 90% of adults in the U.S. know someone who has battled some form of critical illness, and 64% know someone who has suffered from a stroke with nearly half (48%) having had a family member afflicted.
  • 70% of consumers say their families would sustain financial hardship or stress if they were to suffer a critical illness.
  • One-fifth (21%) of those who suffered a critical illness in their family such as a stroke used a credit card to pay for recovery expenses.

"In this current time when value for the dollar is more important than ever, Guardian's comprehensive critical illness coverage when purchased at work is an affordable way to ensure families are adequately protected to cope with life's uncertainties and protect their financial security," added Petruzzi. "This coverage provides lump sum cash payments for certain serious illnesses along with per-day benefits for extended hospital stays for all other medical conditions. Policyholders can use these funds at their discretion, which can be crucial to a family's financial security at a very difficult time."

About Guardian

The Guardian Life Insurance Company of America (Guardian), one of the largest and oldest mutual life insurance companies in the United States, is known for its stability and strength. A Fortune 300 company, Guardian is the only major life insurer to earn upgrades from two major rating agencies in 2008: A++ (Superior) by A.M. Best and AA+ (Very Strong) by Standard & Poor's. Guardian also has retained ratings of Aa2 (Excellent) by Moody's and AA+ (Very Strong) by Fitch (ratings current as of April, 2009).

Founded nearly 150 years ago, Guardian and its sub
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SOURCE The Guardian Life Insurance Company of America
Copyright©2009 PR Newswire.
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