Guaranty Income Life Insurance

What Guaranty Income Life Insurance does

Guaranty Income Life Insurance Company (GILICO), founded in 1926 and headquartered in Baton Rouge, Louisiana, is a private life insurance and annuity carrier that has been a subsidiary of Kuvare US Holdings since October 2016. The company offers fixed and fixed indexed annuities — including the WealthChoice FIA, Guaranty Rate Lock (MYGA), and the 2026-launched Guidepath FIA Series (Growth, Income, and Bonus variants) — alongside life insurance products. Products feature 0% floors, multi-year guarantee structures (3–10 years), and optional riders including the Guaranteed Living Benefit Rider (0.95% annual fee) and Guaranteed Accumulation Protection rider. GILICO holds an A- (Excellent) AM Best financial strength rating (upgraded October 2022, affirmed February 2025) and supports crediting strategies linked to proprietary indices from S&P, Barclays, Franklin Templeton, Nasdaq, and UBS.

GILICO's technology stack is anchored on the MyKuvare policyholder and financial professional portal (built with InsurTech partner Sureify and launched August 2025), the FireLight e-App platform with built-in suitability and NIGO-reduction rules, and CalcXML-powered retirement calculators. The company operates a B2B2C distribution model — selling exclusively through licensed financial professionals, multiple Independent Marketing Organizations (IMOs), and a fee-based channel via DPL Financial Partners — with no direct-to-consumer sales.

The company earns revenue primarily through annuity premium and contract fee streams (spread between investment returns and credited rates, plus rider fees such as the GLBR's 0.95%) and life insurance premiums, with multi-year contracts generating recurring, predictable revenue. Backed by Kuvare's pro forma consolidated assets exceeding $50 billion, GILICO targets middle-income Americans approaching or in retirement (median annuity owner income ~$79K), as well as women, gig workers, and next-generation heirs — segments underserved by traditional pension structures and seeking guaranteed lifetime income solutions.

Name

Guaranty Income Life Insurance

Legal name

Guaranty Income Life Insurance Company

Website

https://gilico.com

Company type

Private

Founded year

1926

Operating status

Operating

Headcount range

51–100 employees

Short description

Guaranty Income Life Insurance Company, founded in 1926 and a subsidiary of Kuvare US Holdings, is a private annuity and life insurance carrier headquartered in Baton Rouge, LA. It offers fixed and fixed indexed annuities exclusively through financial professionals and IMOs, targeting middle-market Americans seeking guaranteed retirement income.

Ownership category

akta.pro rank

Product category

Life Insurance and Annuities

NAICS

Direct Life Insurance Carriers (524113), Direct Life, Health, and Medical Insurance Carriers (52411), Insurance Carriers (5241)

SIC

Life Insurance (6311), Insurance Carriers, Nec (6399)

akta.pro primary industry

Fixed Annuities (FSAIACAA)

akta.pro secondary industries

Annuities & Investment-Linked Insurance Solutions (Retail) (FSAAAAAM), Annuity & Insurance-Based Retirement Solutions Advisory (FSAEABAH), Registered Index-Linked Annuities (RILA) (FSAIACAD)

Keywords

• Fixed indexed annuities
• Multi-year guaranteed annuities
• Retirement income products
• Life insurance products
• Guaranteed living benefits

Headquarters

HQ city

Baton Rouge

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Annuity Premiums and Contract Fees: GILICO collects premium payments from individuals purchasing fixed and fixed indexed annuities. Revenue is earned through the spread between investment returns earned on the annuity portfolio and the guaranteed rates credited to policyholders. Additional fees may apply for optional riders such as the Guaranteed Living Benefit Rider (0.95% annual charge on accumulation value), premium bonuses, and withdrawal/surrender charges during the surrender period.
2. Life Insurance Premiums: GILICO issues life insurance contracts and collects premiums, providing income protection and death benefit products alongside its annuity lineup.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels9 records

Core offering

Guaranty Income Life Insurance Company (GILICO) issues fixed and fixed indexed annuity products and life insurance policies designed to provide guaranteed lifetime retirement income and principal protection for middle-market Americans. Products include WealthChoice FIA, Guaranty Rate Lock MYGA, and the Guidepath FIA series (Growth, Income, and Bonus variants), all distributed exclusively through licensed financial professionals and independent marketing organizations.

Product overview

Guaranty Income Life Insurance offers a unified portfolio of fixed and fixed indexed annuity products designed for retirement planning and income generation. The core product lineup includes WealthChoice Fixed Indexed Annuity and Guaranty Rate Lock MYGA, supplemented by the Guidepath FIA Series (Growth, Income, and Bonus variants). These products are supported by proprietary digital platforms including FireLight E-App for electronic applications, MyKuvare portals for policyholders and financial professionals, and various optional riders such as Guaranteed Living Benefit Rider and Guaranteed Accumulation Protection. The company focuses on middle-market Americans seeking guaranteed retirement income with principal protection and tax-deferred growth.

Differentiator

Problem solved

Functional benefit

Brands

• WealthChoice: Fixed indexed annuity product offering flexible options for retirement savings growth and lifetime income.
• Guaranty Rate Lock
• Guaranty Guidepath

Products and services

• WealthChoice Fixed Indexed Annuity A fixed indexed annuity offering competitive income payouts with fixed and increasing income options, strong accumulation potential, and optional Guaranteed Living Benefit Rider for lifetime income protection. Available in 5-, 7-, and 10-year terms with crediting linked to indices such as S&P 500, S&P 500 Dynamic Intraday TCA, Barclays Global Quality Index, and Horizon Ascend 5% Index.
• Guaranty Rate Lock (MYGA) A Multi-Year Guaranteed Annuity providing reliable growth with guaranteed interest rates for terms of 3 to 10 years. Features include tax-deferred growth, up to 5% annual free withdrawal starting in year 2, RMD support, and nursing home waiver provisions. Available through age 90 (3-10 year terms) or age 100 (3-5 year terms).
• Guaranty Guidepath Growth FIA Fixed indexed annuity variant with 5 and 7-year surrender periods designed for clients seeking strong growth potential with Guaranteed Accumulation Protection (GAP) rider and locked-in cap rates on multiple indices including S&P 500.
• Guaranty Guidepath Income FIA Fixed indexed annuity variant with 7 and 10-year surrender periods offering Simple Interest Roll-Up Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider, Interest Credit Multiplier GLWB Rider, and ADL-Multiplier for enhanced income features.
• Guaranty Guidepath Bonus FIA Fixed indexed annuity variant with 10-year surrender period providing a premium bonus to instantly build growth momentum, help recover prior losses, and support strategic legacy planning.
• Life Insurance Products Life insurance contracts providing income protection and death benefit products alongside the company's annuity lineup.

Quantifiable outcome

• Record $461.3 billion in annuities purchased by consumers in 2025 (LIMRA)
• +6 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Five partnerships are on record, tiered core and minor.

• SureifycoreTechnology or Integration · 25 August 2025Sureify is an InsurTech leader that developed GILICO's new digital platform in partnership with Kuvare. The platform enables financial professionals and policyholders to manage annuity products digitally, representing Kuvare's digital transformation initiative.
• DPL Financial PartnersminorChannel Partner/ Reseller/ Distributor · 7 March 2025DPL Financial Partners operates a fiduciary-driven advisor platform offering commission-free GILICO annuity products (Fee-Based Guaranty Rate Lock). GILICO's fee-based annuities were featured on the platform with a $23 million commitment, targeting fee-only RIAs seeking annuity solutions without product commissions.
• Lincoln Benefit Life Company (LBL)minorOthersLincoln Benefit Life Company is another Kuvare subsidiary acquired in 2019. Kuvare executed reinsurance transactions that boosted consolidated assets to $27 billion. LBL was downgraded by KBRA alongside GILICO.
• Kuvare Life Re Ltd.minorOthersKuvare Life Re Ltd. is Kuvare's Bermuda-based reinsurance company. It is newly rated by both AM Best and KBRA, with AM Best issuing an A- (Excellent) rating. Supports Kuvare's international reinsurance solutions.
• United Life Insurance CompanyminorOthersUnited Life Insurance Company is another Kuvare subsidiary alongside GILICO. KBRA downgraded its insurance financial strength rating alongside GILICO's in February 2025.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Athene Holding: Athene is one of the largest FIA and MYGA writers in the U.S., targeting retirement savers through financial professionals and IMOs. Athene shares GILICO's focus on fixed indexed annuities and multi-year guaranteed annuities, with a similar middle-market orientation and A-rated financial strength.
• F&G Annuities & Life: F&G (Fidelity & Guaranty Life) is a leading provider of fixed indexed annuities, indexed universal life, and immediate annuities. Like GILICO, F&G distributes through independent agents and IMOs with a focus on middle-market retirement planning and guaranteed lifetime income products.
• American Equity Investment Life Insurance: American Equity is one of the largest U.S. writers of fixed indexed and fixed rate annuities, serving middle-income retirement savers through independent agents. Its product portfolio and IMO distribution model closely mirror GILICO's WealthChoice and Guidepath FIA offerings.
• Jackson National Life Insurance: Jackson National's Elite | Freedom and Perspective II fixed indexed annuities serve the same advisor-led, middle-market retirement income segment as GILICO. Both companies emphasize principal protection with index-linked growth potential and guaranteed living benefit riders.
• Global Atlantic Financial Group: Global Atlantic's Forethought Life unit sells fixed indexed and fixed rate annuities through financial professionals with a similar middle-market orientation. Like GILICO, it offers principal protection with index crediting options and lifetime income riders.
• Sammons Financial Group (North American Company): Sammons' North American Company offers fixed indexed annuities, fixed annuities, and life insurance through independent agents and IMOs. Like GILICO, it focuses on middle-market retirement planning with comparable FIA product features and lifetime income riders.

Broad incumbents

• Nationwide Financial: Nationwide offers a broad portfolio of fixed indexed annuities (e.g., New Heights) and other retirement products, targeting both middle-market and high-net-worth clients through financial professionals. As a much larger, diversified insurer, it competes broadly with GILICO in FIA distribution.
• Corebridge Financial: Corebridge (formerly AIG Life & Retirement) is a major retirement provider with Max Series and other FIA products. Its scale, brand recognition, and broad distribution capabilities make it a broad incumbent competitor to GILICO in the FIA and lifetime income space.
• Brighthouse Financial: Brighthouse's Shield and Level Select fixed indexed annuities compete in the same middle-market retirement income category as GILICO. As a large, publicly traded annuity specialist, Brighthouse represents a broader incumbent with greater scale and capital access.
• Lincoln Financial Group: Lincoln Financial offers fixed indexed annuities and lifetime income solutions through financial professionals, with overlapping middle-market positioning. Its broader insurance and retirement platform makes it a broad incumbent competitor to GILICO's FIA portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/guaranty-income-life-insurance-company

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Guaranty Income Life Insurance