Celebrating 100 Years

of delivering on promises

For more than a century, Guaranty Income Life Insurance Company (GILICO) has been built on a commitment to steady growth, strong relationships, and doing right by the people we serve.

As we celebrate our 100-year anniversary, we reflect on our beginnings in Baton Rouge, Louisiana to becoming part of Kuvare, where each chapter of our story reflects a focus on resilience and long-term value.

A Century of Milestones

1924

After Governor Fuqua expressed the need for a Louisiana-based insurance company, George Foster Sr. and C.O. Groves began raising $250,000 to establish what would become Guaranty Income Life Insurance Company.

1926

January 19, 1926, Guaranty Income Life Insurance Company (also known as GILICO) was founded.

1929

January 21, 1929, Guaranty Income expanded into Texas, marking its first step beyond Louisiana.

1930

Guaranty Income continued to grow and had its second state expansion to Alabama.

1930's

During the Great Depression, Guaranty Income remained resilient as insurance in force doubled, reaching $15 million.

1934

June 29,1934, Guaranty Income began preparing annuity contracts, marking an early expansion into retirement-focused products. During this time, assets grew from $201,203 in 1926 to $833,159.

1935

Guaranty Income expanded into Mississippi on May 31,1935, continuing its early growth across the region.

1965

Guaranty Income acquired Houston American Life Insurance Company.

1966

Guaranty Income acquired General Life of Missouri Investment Company, General Life of Missouri Insurance Company, and the American Independence Life. These acquisitions brought Guaranty Income’s assets to approximately $35 million.

1980

By February of 1980, Guaranty Income had expanded into 15 states with new insurance product lines that generated record production and profits.

1999

Guaranty Income introduced AnnuiCare, which was an annuity-based long-term care hybrid. This was the first combination of long-term care and annuity products sold in America.

2015

Guaranty Income’s assets total $0.5 billion.

2016

Under the leadership of Dhiren Jhaveri, Kuvare acquired Guaranty Income which added additional human and financial capital that fueled massive growth.

2018

Joe Wieser, President of Guaranty Income Life Insurance Company, takes over leadership in Baton Rouge to support the company’s next phase of growth.

2018

In partnership with Innovation Design Group (IDG), Guaranty Growth Plus fixed indexed annuity (FIA) was launched - Guaranty Income's first FIA offering.

2018

Kuvare acquired United Life Insurance Company allowing further expansion on the national level and expanding its portfolio with differentiated annuity and permanent life insurance products.

2019

Kuvare’s growth accelerated, reaching approximately $800 million in new sales, up 85% year-over-year driven entirely by existing operations.

2020

WealthChoice, a fixed indexed annuity with 5-,7-, and 10-year options, launches as a “Swiss army knife” to help achieve both accumulation and income goals.

2020s

Guaranty Income adopted fully digital electronic applications enabling a faster, more streamlined experience with e-signatures and fewer delays from errors or traditional mail, reflecting the company’s continued growth.

2021

Guaranty Growth Builder, Guaranty Income's third fixed indexed annuity, was launched in partnership with Innovation Design Group (IDG).

2025

By the end of 2025, combined assets between Guaranty Income and United Life had grown ninefold under Kuvare to $18.7 billion, including $11.4 billion at Guaranty Income alone.

2026

Guaranty Guidepath, a fixed indexed annuity series, was launched for three distinct goals: Growth, Income, and Bonus.

Positioned for the Future of Retirement

As Guaranty Income Life enters its next century, retirement looks different than it did 100 years ago. Fewer people can count on traditional pensions, Social Security faces long-term pressure, and many Americans are looking for ways to turn their savings into income they can rely on throughout retirement.

At the same time, people are living longer, working differently, and preparing for retirement in more personal ways. Women are expected to control a growing share of wealth, younger generations are asking for more education and transparency, and many families are navigating changing financial responsibilities.

That is why Guaranty Income Life remains focused on helping people prepare for retirement with greater confidence. Through annuity solutions, practical education, and resources designed for today’s retirement needs, we are committed to helping individuals and families protect what they have built and plan for what comes next.

Original Guaranty Income Life Insurance Company Seal, circa 1926

Meeting the Growing Need for Income Certainty

For many people, retirement income is no longer as simple as receiving a pension check each month. More retirees are responsible for creating income from their own savings, which can make planning feel more complex.

Social Security remains an important part of retirement for many Americans, but it may not be enough on its own. Without changes, Social Security is projected to cover only 77% of scheduled benefits beyond 2033.¹

At the same time, retirees may face longer retirements, market ups and downs, inflation, and the challenge of knowing how much to withdraw each year. Annuities can help address some of these concerns by turning a portion of savings into protected income that can support greater confidence in retirement.

¹ Source: Social Security Administration, 2025 Trustees Report: https://www.ssa.gov/oact/trsum/

Supporting the People Shaping the Future of Retirement

The future of retirement is being shaped by people with different goals, responsibilities, and financial experiences.

Women are expected to control a growing share of wealth in the years ahead, including nearly $40 trillion projected to pass to widowed women during the Great Wealth Transfer. Younger generations are also bringing new expectations around transparency, education, personalization, and trust.

These changes matter because retirement planning is not one-size-fits-all. Some people are caring for aging parents or supporting adult children. Others are preparing for longer lives, career changes, or new definitions of what retirement should look like.

Yet across these different experiences, one question remains important: how can I help make sure my money lasts throughout retirement?

Financially Strong

With a century of experience, Guaranty Income Life Insurance Company is built on a strong financial foundation and a long-standing commitment to their policyholders. Supported by an A- (Excellent) AM Best rating and favorable solvency ratios, Guaranty has demonstrated consistent growth and stability. This strength reflects its ongoing ability to meet long-term obligations and support the financial goals of those it serves.

Check out the most recent financial strength update on our About Us page for more information.

See Our Financial Strength

Continue the Journey with Guaranty

For 100 years, Guaranty Income Life has helped people prepare for retirement with greater confidence. As we look ahead, we’re continuing that commitment across the financial professionals, partners, employees, and clients who shape our next chapter.