Guaranty Income

Guaranty Income Life Insurance Company (often branded as GILICO) traces its roots to 1926 and describes itself as a Legal Reserve life insurer headquartered in Baton Rouge, Louisiana. [1] From early on it positioned itself around practical, cost-effective protection and income products aimed at families planning for both near-term and long-term needs. [1]

By the 2000s and 2010s, that niche included individual fixed annuities and universal life, plus combination annuity/long-term care programs. [1] In a 2015 announcement, the company highlighted its signature AnnuiCare product and stated it was preparing to introduce new fixed annuities and related products, supported by a nationwide sales force. [1] That product mix reflects the industry challenge of building retirement income solutions while balancing longevity and long-term care risks-areas shaped by regulation, changing morbidity assumptions, and consumers' sensitivity to premiums and guarantees.

Ownership changed as the market consolidated. On October 20, 2015, GILICO announced an agreement to be acquired by Kuvare US Holdings, with plans to add financial and human capital to drive growth while continuing competitive annuity and life offerings. [1] Kuvare described its own focus as acquiring and supporting life and annuity platforms targeting middle-market consumers. [1] For Guaranty Income, the opportunity in this next chapter has been to pair a legacy service culture with additional capital and product development, while navigating interest-rate cycles that materially influence fixed annuity competitiveness.

Sources: [1] https://www.gilico.com/wp-content/uploads/2024/11/GuarantyPressReleaseUpdatedwithAdvisorsOct20.pdf