> Issuer

• The Guardian Insurance & Annuity Company, Inc. (GIAC) click here to read about GIAC

> Premium Type

• Flexible Premium - The contract can accept Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, 403(b) and all other qualified plan deposits in addition to non-qualified monies. There is no additional tax deferral benefit for contracts purchased in an IRA or other tax-qualified plan, since these are already afforded tax-deferred status. Thus, an annuity should only be purchased in an IRA or qualified plan if the client values some of the other features of the annuity and is willing to incur any additional costs associated with the annuity to receive such benefits.

> Maximum Issue Age

• Age 85 for owner and annuitant

> Investment Minimum and Maximum

• Minimum - $2,000 initial; $100 subsequent
• Maximum - $2 million in the first contract year without prior approval; $1 million in subsequent contract years without prior approval. For contracts with the Guaranteed Minimum Income Benefit rider, $1 million aggregate in the first contract year. For contracts with a Guaranteed Minimum Withdrawal Benefit rider: $1 million for the first year and $100,000 aggregate for all subsequent years (Spousal AssetAccess and Lifetime AssetAccess) or $3 million in the first year and $100,000 annually for subsequent years with Lifetime Focus^®.

> Product Features

• Broad selection of well-known investment managers
• A variety of variable investment options
• Tax-free transfers among investment options

  GIAC reserves the right to limit the number of transfers if we determine that your transfers would have an adverse effect on other contract owners. Restrictions include: 1) limiting the frequency of transfers to once every 30 days; and 2) imposing a fee of up to $25 per transfer. GIAC reserves the right to limit the number of transfers by individual fund contract holders with excessive trading patterns or whose transfer request may have a detrimental effect on the unit values.

• Dollar Cost Averaging Program - You can also set up periodic premium payments from your checking, savings or money market account to take advantage of the power of dollar cost averaging. For more information about portfolio rebalancing and dollar cost averaging, please refer to the contract prospectus. Certain restrictions may apply.
  Of course, dollar cost averaging does not ensure profit or prevent loss. Since dollar cost averaging involves continuous investing, regardless of market fluctuations, you should consider your financial ability to make purchases through periods of low price levels.
• Quarterly portfolio rebalancing available on contracts with accumulation value of at least $10,000.

> Withdrawals

• Access each contract year to the greater of the follow-ing amounts without paying a contingent deferred sales charge (CDSC): 1) up to 10% of your total premium payments paid during the first three contract years, minus any withdrawals made during the current contract year; or ) the accumulation value minus total premiums paid during the first three contract years (minus previous withdrawals of such premium payments) taken during the current contract year. Withdrawals of taxable amounts will be subject to ordinary income tax and possible mandatory federal income tax withholding and, if taken prior to age 59½, a 0% federal tax penalty may also apply. In addition, withdrawals will reduce your annuity’s death benefit, cash value and any living benefits.

> Fees, Expenses and Risks

• M&E charges - 1.55% annually of the net value of your variable investment options in contract years 1-7; 1.00% in contract years 8+
• Administration - 0.20% annually of the net value of your variable investment options
• Annual contract fee - $35, if the accumulation value in your contract is less than $100,000 on your contract's anniversary date
• Operating expenses for variable investment options - Management fees, 12b-1 fees and other expenses associated with the variable investment options estimated to range from 0.35% to 3.59% for the fiscal year ended December 31, 2008. These expenses may change in the future. Actual charges will depend on the variable investment options you select.
• Contingent Deferred Sales Charge - 4%, 4%, 3%, 2% for contract years 1-4, respectively, applicable to withdrawals of premium payments made in the first three contract years.

Understanding your annuity payout options

When you select an annuity payout option, you choose to convert the accumulated value in your deferred variable annuity to a series of periodic payments that last a certain number of years, for your lifetime, or for your lifetime and that of another person. This is referred to as annuitization.

With your GIAC variable annuity, you can choose: fixed payments — the amount of your payments is guaranteed or variable payments — the amount of the payment depends on the investment performance of the underlying investment options you select. The chart below provides a basic overview of GIAC annuity payout choices.

The chart below provides a basic overview of GIAC annuity payout choices. (Please read the prospectus for a detailed explanation of these annuity payout choices. Click here for a copy of the prospectus)

Click here  for an informational brochure that discusses in detail your annuity payout options.

> Standard Death Benefits

• Spousal continuation In the event of annuitant’s death, his or her spouse may be able to assume ownership of the contract at no additional charge if certain conditions are met. Please see the prospectus for more information,
• Standard Death Benefit Offered at no additional cost, and guarantees that if the annuitant dies before annuity payments begin, your beneficiaries will never receive less than the premiums paid - minus an adjusted amount for any withdrawals - even if your account value has declined as a result of market fluctuations. Please note that if the annuitant is age 80 or older on the date the contract is issued, the death benefit is equal to the accumulation value.

> Optional Death Benefits
(May not be available in all states.)

• Guaranteed Minimum Death Benefit (GMDB) Pays the greater of: (1) the 3% simple interest death benefit or (2) the contract anniversary death benefit. Available on contracts with an annuitant under the age of 75 for an additional annual charge of 0.30% of net assets in the variable investment options. Please note that the benefit terminates on the annuitant’s 85th birthday or at your request. Once terminated the rider cannot be reinstated and we will no longer charge for this benefit. (Not available in all states)

  The 3% simple interest death benefit is: the total of all premiums paid less partial withdrawals (as described below), minus any adjustments (as described below) multiplied by 3% simple interest from the date of each of these transactions, up to a maximum of 200% of all premium payments minus any partial withdrawals and adjustments.

  The contract anniversary death benefit under this rider is: the highest accumulation value on any contract anniversary prior to the annuitant’s death and 80th birthday, plus any premiums paid since the date of that contract anniversary minus any partial withdrawals (as described below) since that contract anniversary minus an adjustment (as described below) for each partial withdrawal since that contract anniversary.

  A “partial withdrawal” is the amount of the partial withdrawal, including any applicable deferred sales charges and annuity taxes. An “adjustment” is calculated by: (1) subtracting the accumulation value of the contract immediately before a partial withdrawal is taken from the 3% simple interest death benefit or the contract anniversary death benefit immediately before the partial withdrawal is taken, (2) multiplying that amount by the partial withdrawal, and (3) dividing that sum by the accumulation value of the contract immediately before the partial withdrawal is taken.

• Seven Year Enhanced Death Benefit rider

  Pays the greater of the standard death benefit or the accumulation value as of the seven-year contract anniversary immediately preceding the annuitant’s death plus any net premiums paid after that date, minus an adjusted amount for any withdrawals. Available on contracts with an annuitant under age 75 for an additional annual charge of 0.20% of net assets in the variable investment options. Please note that the benefit terminates on the annuitant’s 85th birthday, or at your request. Once terminated, the rider cannot be reinstated and GIAC will no longer charge for the benefit.

• Earnings Benefit rider (including Spousal Continuation)

  If you choose, you may select an earnings benefit rider that potentially pays out an extra value in addition to the standard death benefit and any enhanced death benefit you have selected. The earnings benefit may in certain circumstances increase the death benefit payable, and is calculated based upon a percentage of your contract earnings up to a specified maximum percentage limit of your “adjusted premiums.” “Adjusted premiums” is defined as the amount of premium payments adjusted for any partial withdrawals and any applicable deferred sales charges and annuity taxes pursuant to a formula described in detail in the prospectus. Please note that if there is no investment growth in your contract value at the time of the annuitant’s death, or if the annuitant is age 90 or older on the date of death, there will be no earnings benefit paid under the rider.The annual cost of this benefit is 0.25% of net assets in the variable investment options.You may terminate this rider at any time but you may not reinstate it. If terminated, GIAC will no longer charge for this benefit.

  Providing Earnings Benefit Options for Your Surviving Spouse, if the Beneficiary.

  If your spouse is 79 or younger upon your death, he or she can choose to continue a contract that includes the earnings benefit rider, provided that your spouse was the sole beneficiary and you were the sole owner and annuitant when the contract was issued. When your surviving spouse dies, GIAC calculates whether a second earnings benefit is payable to the surviving spouse’s beneficiary. The calculation is based on a percentage of “earnings” from the time of your death until your spouse’s death. However, the amount payable must not be more than the specified percentage of “adjusted premiums.” More complete details are included in your contract prospectus. The annual cost of this benefit is 0.25% of net assets in the variable investment options. Please keep in mind that any subsequent changes in the annuitant or owner will prevent your spouse from continuing the rider. Also, if your spouse is 80 or older at the time of your death, or if your spouse is age 90 or older at the time of his or her death, there will be no additional earnings benefit.

• Spousal AssetAccess^® guaranteed minimum withdrawal benefit rider – optional rider available for an additional 0.75% (maximum 1.25%) of the Guaranteed Withdrawal Balance as of the prior contract anniversary, adjusted for any step-ups or subsequent premium payments made prior to the current contract anniversary. (Click here for additional information).
• Lifetime AssetAccess^® guaranteed minimum withdrawal benefit rider – optional rider available for 0.60% (maximum 1.00%) of the Guaranteed Withdrawal Balance as of the prior contract anniversary, adjusted for any step-ups or subsequent premium payments made prior to the current contract anniversary. (Click here for additional information).
• Lifetime Focus^® – optional rider available for an annual fee of 0.65% (0.60% in New York) for the single version (maximum 1.25%) and 0.85% for the spousal version (maximum 1.25%) of the adjusted GWB. The adjusted GWB is the greater of the total premium payments made to the contract or the GWB at the close of business on the day immediately preceding the day the rider fee is deducted from the contract. (Click here for additional information).

Please note depending upon the performance of the underlying investment options chosen by you for your contract, the selection of any of the optional riders described above could result in higher contract expenses for which no additional benefit is received.

Protection with Upside Potential- This is an optional rider designed to remove some of the guesswork in your retirement planning. With the GMIB, you can know today the minimum accumulation value on which your income will be based, assuming that you do not make withdrawals or surrender your contract. GMIB provides:

• A guaranteed "income base" that will grow by at least 5% annually regardless of market conditions, until it reaches 2.5 times the premiums received; and
• A guaranteed minimum level of future annuity payments, when you annuitize your contract.

• You can elect, for an additional charge, the Decade Living Benefit Rider, which offers a principal protection guarantee backed by the strength and claims-paying ability of GIAC. This living benefit rider can protect the assets you initially invested (after adjusting for partial withdrawals) over a ten-year period. Under the Decade rider, you may invest up to one-half of your accumulation value in equity investment options while the other half must be invested in fixed-income investment options. Although these allocation requirements could limit the upside potential of your accumulation value, the Decade living benefit rider also protects against market downturns. It guarantees that at the end of the ten-year period, your accumulation value will be at least equal to the premiums you initially paid, adjusted for any partial withdrawals.

  For the purpose of calculating the living benefit, the amount of the initial premium is adjusted for any partial withdrawals (including any applicable deferred sales charges) and annuity taxes. Each time you make a partial withdrawal, we will adjust the initial premium payment amount by multiplying the initial premium payment amount (or, if the amount has been previously adjusted, the adjusted initial premium payment amount) by:

  
  
  your withdrawal amount
  _________________________________
  the accumulation value of your contract
  
  
  • Preset allocation that includes capital preservation (10%), income (40%), growth (40%) and aggressive growth (10%). Although the allocation is preset, you have the ability to choose from a number of available investment options within each category.
  • Available only at contract issue for an additional charge of 0.25% of net assets in the variable investment options.

  Please note that certain contract restrictions apply, as described in detail in the prospectus. For example, additional premium payments will not be accepted as long as the rider is in force. Depending on the performance of the underlying investment options, selecting Decade could result in higher contract costs for which no explicit benefit is received. However, you can choose to discontinue the rider at any time. If discontinued, GIAC will no longer charge for the benefit. Keep in mind that once this rider is terminated, you cannot reinstate it.