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Massachusetts Lesbian & Gay Bar Association
Disability Insurance
Stuart H. Armstrong II, CFP®     617-424-0005 | 800-408-8606

About Us

BERKSHIRE LIFE INSURANCE COMPANY
OF AMERICA

Those looking for high quality disability income insurance are well served by taking a close look at Berkshire Life Insurance Company of America. As the nation’s premiere provider of individual disability income insurance and as a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, the nation’s fourth largest mutual company, Berkshire Life brings experience, financial strength and customer service excellence on which clients can rely.

History

Berkshire Life Insurance Company of America began conducting business July 1, 2001, upon the merger of Berkshire Life Insurance Company and The Guardian Life Insurance Company of America. At the same time, Berkshire Life Insurance Company, a mutual insurer founded in 1851, ceased operations as an independent insurer and its policyowners became policyowners of Guardian.

 Stuart H. Armstrong II,
 CFP®, ChFC, CLU, CLTC

Stuart ArmstrongStuart has been helping gay and lesbian professionals achieve financial independence through insurance & other financial services since 1986. He has specialized in the use of disability insurance as a cornerstone financial protection tool.


You may visit him to learn more about his practice by clicking here.

Berkshire Life’s Role in the Guardian Enterprise

Berkshire Life Insurance Company of America ("Berkshire Life") is a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY. Its key missions are to:
• Grow Guardian’s individual disability income insurance line of business
• Research and develop new insurance products

Policies Issued by Berkshire Life

Berkshire Life issues disability income insurance (both individual and multi-life). Unlike its parent company, Berkshire Life is a stock company, not a mutual company. Therefore, the policies it issues are “non-participating,” which means that these policies do not generate dividends. However, the type of product issued by Berkshire Life — disability insurance — is not typically designed or structured to pay dividends.

Berkshire Life’s Financial Strength

As the second largest individual disability income insurance provider in the United States, Berkshire Life Insurance Company of America’s financial strength is evident:
• Total assets of $2.1 billion
• Capital and surplus of $346 million
• Direct annual premium revenue of $468 million
• Total liabilities of $1.8 billion
• Total of 244,306 policyholders

(Financial statistics provided as of December 31, 2006.)

While it is a wholly owned Guardian subsidiary, Berkshire Life is also a stand-alone insurance company, domiciled in Massachusetts with its own Board of Directors. As such, it functions as an independent financial entity, responsible for its own claims and other liabilities––and has more than adequate reserves to meet those obligations. As just one example, Berkshire Life paid more than $161.7 million in disability income benefits in 2006 alone.

Summing Up

Although Berkshire Life Insurance Company of America is a relatively new company, its people are by no means new to the insurance industry. Add their very considerable experience to Berkshire Life’s very considerable financial strength, A+ rating from A.M. Best2, DALBAR3 Awards for Disability Income and Life Policy Owner Services and high-quality product portfolio. The sum is a sound, reliable company with which you can feel confident doing business––a company that will be there when you need it.

Berkshire Life at a Glance

Company Name: Berkshire Life Insurance Company of America
In Business Since: July 1, 2001
Headquarters: Pittsfield, MA
Structure: Wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY
Rating: A+ by A.M. Best


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© 2007-2011 All rights reserved. Disability income products underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY, or provided by Guardian.