August 1, 2024 to August 1, 2025

Continental Insurance Company of New Jersey

A.M. Best Rating of "A" (Excellent) Financial Size: XV

Agents & Registered Representatives of Park Avenue Securities

$3,000,000 Each Loss
$3,000,000 Aggregate Each Agent

Coverage Includes Excess Limit of $1,000,000 Each Loss / $1,000,000 Aggregate per Agent

Primary Policy Aggregate is $100,000,000 / Excess Policy Aggregate is $10,000,000
The policy level aggregates are shared by all participants.

$500 retention applies to (applicable to damages & defense costs): 

Each Wrongful Act for claims arising from Guardian Life insurance products

$5,000 retention applies to (applicable to damages & defense costs):

Each Wrongful Act for claims arising from non‐Guardian Life insurance products, all securities and cost of correction claims involving Park Avenue Securities approved products.

This outline provides general information on your Errors and Omissions Insurance Program. It is not intended to interpret the terms of the policy or to be legal advice, but rather summarizes our understanding of the coverage provided. It is not a part of the policy, nor does it modify or serve as a conclusive statement of its terms.