The process of buying a life insurance policy from Guardian starts by contacting a financial representative of the company. On the company's website, a user can enter his ZIP code and find a local representative to communicate with regarding the types of plans available and how to purchase one, according to the company's website. Alternatively, there is a contact form the user can fill out with either his phone number or email for a representative to contact him.
Guardian offers life insurance with whole life, universal life or term life coverage, states the company's website. Whole life is a type of permanent life insurance that guarantees coverage and never expires as long as the payments remain current. Universal life is permanent life insurance with greater flexibility than whole life. The customer can adjust the cost of the premiums and add riders to his coverage as needed. Both types of policies build up cash value over time, and the customer may draw on this money during his lifetime if needed.
Term life insurance is a form of basic coverage that expires after a stated period of time, explains Guardian. It has more affordable premiums and is a good choice for people who only need coverage for a specific length of time. This type of policy does not build up a cash value, although there is sometimes an option to convert it to a permanent life policy once the selected time period has ended.