Guardian vs Principal Financial Group

Guardian offers one of the fastest online quote platforms in the industry. You can get a quote on an individual long-term disability insurance policy without providing contact information. Guardian also offers good information about its individual disability policies on its website. 

In contrast, you'll need to work with a Principal financial adviser to get coverage and pricing details. However, Principal offers simplified underwriting with some of its policies, which helps shorten your application's processing time.

Guardian also offers supplemental disability insurance that can be purchased in addition to existing disability policies. It's unclear whether Principal offers a similar insurance product. Principal does offer a retirement protection policy that replaces contributions to your retirement savings to help you stay on track.

Both companies offer group short-term and long-term disability insurance. Guardian offers less online information on these policies than Principal does. Principal's group policies often include support programs for employees to assist them with recovery and returning to work. These programs are commonly offered with group disability insurance.

In addition to group disability insurance, Principal offers disability coverage designed for business owners. These policies include overhead expense, disability buy-out, and key person replacement. If you're a business owner, Principal's policies may suit your needs.

When choosing between Guardian and Principal, it comes down to the kind of policy you want. Principal is recommended for business owners seeking overhead expense, disability buy-out, and key person replacement. Principal's group policies are also competitive for the industry. 

Guardian also offers group disability insurance, though online information about policy features is limited. 

Quick online quotes is the advantage of working with Guardian to buy individual disability insurance. The insurer also offers helpful information about policy features and optional riders.

Principal offers individual disability insurance, too. However, online information regarding policy features and riders is limited.