The Guardian Investor Variable Annuity B Series® Standardized Performance
Reflecting all charges including the impact of surrender charges.

The average annual total returns assuming that the contract has been surrendered for the variable investment options of The Guardian Investor Variable Annuity B Series® are listed below. These returns reflect fund-level, separate account level and contract level charges as of 3/31/2014 and are calculated from the date the investment option was first available in a variable annuity contract offered through this separate account. These returns are only for the The Guardian Investor Variable Annuity B Series® basic contract. If you have a contract with any of the optional riders sold with this product, returns would be lower.

The Guardian Investor Variable Annuity B Series® and its underlying investment options are sold by prospectus only. Prospectuses contain important information, including fees and expenses. Please read the prospectuses carefully before investing or sending money. Please consider the investment objectives, risks, fees and charges of the investment company carefully before investing.  Prospectuses contain important information, including fees and expenses. Please read the prospectuses carefully before investing or sending money. Please consider the investment objectives, risks, fees and charges of the investment company carefully before investing. The prospectus contains this and other important information. To obtain a prospectus for the investment options, please contact your financial professional or call 1-800-221-3253. To obtain a prospectus for the investment options, please contact your financial professional or call 1-800-221-3253.

Past Performance Does Not Guarantee Future Results
Fund NameDate of Initial Offering in this separate account1 Year
%
3 Year
%
5 Year
%
10 Year
%
Since Initial Offering in this Contract
%
Alger
Alger Capital Appreciation Portfolio[A,B,1]
4/11/05 14.74 10.74 20.51 N/A 10.52
AllianceBernstein
AllianceBernsteinVPS International Value Portfolio[A,F,1]
1/26/09 10.32 -0.05 11.11 N/A 10.07
BlackRock
Blackrock Capital Appreciation Series III[A,B,C,F]
5/02/11 13.01 N/A N/A N/A 4.72
Blackrock Global Allocation V.I. Fund[A,B,C,D,E,F] 1/26/09 0.84 1.98 9.08 N/A 8.54
Blackrock Large Cap Core V.I. Fund[C] 1/26/09 14.29 9.16 15.92 N/A 13.99
Blackrock Large Cap Value V.I. Fund[C] 1/26/09 11.99 8.95 14.88 N/A 12.27
Columbia
Columbia Variable Portfolio - Asset Allocation Fund[D,F,1]
1/26/09 3.63 5.02 12.34 N/A 11.81
Columbia Variable Portfolio - Marsico 21st Century Fund[A,B,F,1] 1/26/09 19.52 6.17 17.57 N/A 16.04
Columbia Variable Portfolio - Marsico Growth Fund[A,1] 1/26/09 11.63 8.12 17.11 N/A 16.46
Columbia Variable Portfolio - Small Cap Value Fund[B,1] 1/26/09 14.61 7.26 19.69 N/A 17.61
Columbia Variable Portfolio - Small Cap Company Growth Fund[B,F,1] 1/26/09 13.94 5.88 19.23 N/A 17.59
Columbia Variable Portfolio - Seligman Global Technology Fund (Formerly Known As Seligman Global Technology Portfolio)[A,C,D] 3/14/11 15.23 5.09 N/A N/A 6.53
Davis
Davis Financial Portfolio[C,1]
4/11/05 9.60 8.00 18.15 N/A 3.30
EULAV
Value Line Strategic Asset Management Trust[D]
3/08/04 4.94 8.18 15.02 6.14 6.08
Fidelity
Fidelity VIP Contrafund? Portfolio[a]1[A,1]
3/08/04 13.15 8.89 18.97 7.25 7.16
Fidelity VIP Investment Grade Bond Portfolio[D,1] 3/08/04 -9.36 0.18 4.33 2.82 2.78
Fidelity VIP Mid Cap Portfolio[A,C,1] 3/08/04 14.58 6.90 19.20 9.11 9.00
Fidelity VIP Overseas Portfolio[A,1] 1/26/09 10.72 3.31 13.98 N/A 12.49
Franklin Templeton
Franklin Income Securities Fund[A,D,E,1]
1/26/09 3.82 5.87 14.71 N/A 13.84
Franklin Small Cap Value Securities Fund[A,B] 3/08/04 15.83 10.42 23.36 8.58 8.43
Franklin Us Government Securities Fund[D,1] 1/26/09 -10.20 -1.80 0.25 N/A 0.66
Mutual Shares Securities Fund[B,F,1] 1/26/09 9.59 8.74 16.00 N/A 14.12
Templeton Global Bond Securities Fund[A,D,E,F,1] 1/26/09 -8.47 0.84 7.45 N/A 7.01
Templeton Growth Securities Fund[A,C,F] 3/08/04 16.94 9.10 17.20 5.05 4.76
Invesco
Invesco V.I. Small Cap Equity Series II[A,B]
5/02/11 11.79 N/A N/A N/A 7.90
Invesco V.I. International Growth Series II[A] 5/02/11 5.63 N/A N/A N/A 1.76
Invesco V.I. Comstock Fund Series II[A,B,F] 5/02/11 13.91 N/A N/A N/A 10.59
Invesco V.I. Core Equity Fund[A,1] 3/08/04 10.57 8.83 16.21 6.19 5.85
Invesco V.I. Invesco Real Estate Fund[B,C,D,1] 1/26/09 -8.25 3.92 17.47 N/A 14.91
Invesco V.I. Mid Cap Core Equity Fund[A,B,1] 3/08/04 9.31 4.86 15.06 5.97 5.76
Invesco VI American Value (Series II)[A,B,F,1] 1/26/09 12.11 10.95 22.74 N/A 21.09
MFS
MFS Research Bond Series[D,F]
10/03/11 -8.58 N/A N/A N/A -0.60
MFS Growth Series (formerly MFS Emerging Growth Series)[A,B,F,1] 3/08/04 14.49 11.29 19.02 7.66 7.46
MFS Utilities Series[A,B,C,F,1] 1/26/09 6.58 9.42 18.30 N/A 15.76
MFS Value Series[A,F,1] 1/26/09 12.80 10.85 17.17 N/A 15.39
Oppenheimer
Oppenheimer Capital Appreciation[A,C,F,1]
1/26/09 9.21 8.06 16.04 N/A 15.94
Oppenheimer International Growth[A,1] 1/26/09 10.18 7.73 17.74 N/A 17.50
Oppenheimer Main Street Small Fund/VA (Service Class)[A,B,C] 1/26/09 17.48 12.88 24.80 N/A 22.53
Oppenheimer Global Strategic Income Fund/Va[C,D,E,F,1] 1/26/09 -9.07 0.37 8.05 N/A 7.35
PIMCO
Pimco Low Duration Portfolio[D,F]
1/26/09 -9.34 -1.78 2.90 N/A 2.61
Pimco Real Return Portfolio[D,F] 1/26/09 -16.20 -0.43 3.85 N/A 4.80
Pimco Total Return Portfolio[D,F] 1/26/09 -10.59 -0.08 3.84 N/A 4.13
Pioneer
Pioneer Disciplined Value VCT Portfolio[A,B,F,1]
1/26/09 9.17 6.36 13.65 N/A 11.30
Pioneer Equity Income VCT Portfolio[A,D,F] 1/26/09 8.03 9.32 17.30 N/A 15.18
Pioneer Fund VCT Portfolio[A,F] 1/26/09 12.29 7.25 16.15 N/A 14.77
Pioneer Mid Cap Value VCT Portfolio[A,B,F] 1/26/09 16.21 7.70 16.77 N/A 15.41
RS
RS Large Cap Alpha VIP Series[A,B,1]
3/08/04 15.85 9.84 16.98 7.20 6.91
RS Emerging Markets VIP Series[A,B,D,E,F] 3/08/04 -11.27 -8.78 12.60 8.78 8.49
RS High Yield VIP Series[E,F,1] 3/08/04 -1.87 4.68 12.37 5.77 5.72
RS International VIP Series[A,B,F] 3/08/04 7.01 3.38 15.77 6.11 6.01
RS Investment Quality Bond VIP Series[D,E,F,1] 3/08/04 -8.78 0.62 3.94 3.25 3.21
RS Low Duration Bond VIP Series[D,E,F,1] 3/08/04 -8.97 -2.05 0.70 1.66 1.63
RS Money Market VIP Series 3/08/04 -9.28 -3.73 -2.37 0.06 0.06
RS S&P 500 Index VIP Series[F,1] 3/08/04 11.87 10.93 18.67 5.68 5.44
RS Small Cap Growth Equity VIP Series[A,B,1] 3/08/04 25.70 12.79 24.48 8.82 8.67
Wells Fargo
Wells Fargo Advantage VT International Equity Fund (Evergreen VA International Equity Fund)[A,1]
1/26/09 5.22 0.28 10.70 N/A 9.17
Wells Fargo Advantage VT Small Cap Value Fund (Evergreen VA Special Values Fund)[B,1] 1/26/09 4.13 4.45 16.32 N/A 15.13
N/A Not Available
All results shown in percents

Investments in the Guardian Investor II® Variable Annuity or any of its investment options are not deposits or obligations of, or guaranteed or endorsed by any bank or depository institution; further, neither the contract nor such investments are insured by the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Association (NCUA), the Federal Reserve Board, or any other government agency.

Performance data quoted for this fund is historical. Past performance for this fund is no guarantee of future results. Investment return and principal for this fund will fluctuate with changes in the market value of the underlying securities. Investors' units, when redeemed, may be worth more or less than the original investment.

You can view your annuity account information, including unit values for your contract, on My Account Manager. Just click on the Account Access tab above to register or log in to My Account Manager. You may also call 1-800-221-3253 for further information.

These returns also reflect deductions for the following charges, which have been calculated using SEC mandated computation methods:

a) the investment division charges consist of fund-level expenses, which are similar to the charges on traditional mutual funds.

b) the separate account level charges are the annual mortality and expense risk charge (M&E charge) of 1.45% and administrative expenses of .20%.

c) a $35.00 contract administrative fee based on an average contract size (which is waived for contracts with an accumulation value over $100,000).

d) any contingent deferred sales charge (CDSC) that would apply upon the surrender of a contract at the end of the stated period. CDSCs may apply to premium payments deposited into the contract within seven years of the withdrawal, according to the following schedule: 8%, 8%, 7%, 6%, 5%, 4% and 3% from the date of the premium payment, respectively.

† The performance information for some funds in this section may reflect a very short period of time and should not be the sole indicator to determine investment option selection. In order to assist you in determining which investment options may be suitable for your individual investment objectives and risk tolerance, we have included the average annual returns for the life of each investment option in the non-standardized section.

Please note that performance figures for contract owners who elect an enhanced death benefit or other optional rider would be lower to reflect each rider’s applicable annual charges (for the Highest Anniversary Value Death Benefit Rider, 0.25% of variable investment option assets; for the Earnings Benefit Rider, 0.25% of variable investment option assets; for the Guaranteed Lifetime Withdrawal Benefit Rider (GLWB) single life options a current charge of 0.65% to 1.20% (1.00% to 2.50% maximum) of the adjusted guaranteed withdrawal balance at the time the change is deducted and, for the GLWB Rider with spousal options, a current charge of 0.85% to 1.60% (2.00% - 3.50% maximum) of the adjusted guaranteed withdrawal balance at the time the charge is deducted. The optional death benefit feature of the GLWB Rider will increase the rider percentage fee by 0.50% annually.

The following funds have asset-based distribution fees (12b-1 fees) that were imposed on the dates noted. Returns for these funds prior to the dates on which these fees were imposed do not include the effects of the 12b-1 fees and returns listed would have been lower for these funds if these fees had been in place and reflected in the performance. All time periods for any funds not listed below reflect the effects of any applicable 12b-1 fees.

AIM V.I. Core Equity Fund 10/24/2001
AIM V.I. Global Real Estate Fund 04/30/2004
Alger American Capital Appreciation Portfolio 05/01/2002
BlackRock Capital Appreciation V.I. Fund (Class III)
BlackRock Large Cap Core V.I. Fund 01/27/2009
BlackRock Large Cap Value V.I. Fund 01/27/2009
Columbia Variable Portfolio - Asset Allocation Fund 09/29/2006
Columbia Variable Portfolio - Marsico 21st Century Fund 09/29/2006
Columbia Variable Portfolio - Marsico Growth Fund 09/29/2006
Columbia Variable Portfolio - Seligman Global Technology Fund 05/01/2000
Columbia Variable Portfolio - Small Cap Value Fund 05/31/2000
Columbia Variable Portfolio - Small Company Growth Fund 05/31/2000
Fidelity VIP Contrafund® Portfolio 01/12/2000
Fidelity VIP Investment Grade Bond Portfolio 01/12/2000
Fidelity VIP Mid Cap Portfolio 01/12/2000
Fidelity VIP Overseas Portfolio 01/12/2000
Franklin Income Securities Fund 01/06/1999
Franklin Small Cap Value Securities Fund 01/06/1999
Franklin U.S. Government Fund 01/06/1999
Invesco V.I.Van Kampen Comstock Fund (Series II Shares)
Invesco Van Kampen V.I. Mid Cap Value Portfolio (Series II) 01/06/1999
Mutual Shares Securities Fund 01/06/1999
MFS Utilities Series 05/01/2000
Oppenheimer VS International Growth Fund 03/19/2001
Oppenheimer VS Strategic Bond Fund 03/19/2001
Oppenheimer Main Street Small & Mid-Cap Fund/VA 07/16/2001
PIMCO Total Return Portfolio 02/28/2006
PIMCO Low Duration Portfolio 03/31/2006
Pioneer Fund VCT Portfolio 05/01/2000
Pioneer Mid Cap Value VCT Portfolio 05/01/2000
Pioneer Equity Income VCT Portfolio 09/14/1999
Templeton Global Bond Securities Fund 01/06/1999
Templeton Growth Securities Fund 01/06/1999
Value Line Strategic Asset Management Trust 09/18/2002 (returns prior to 2002 were calculated as if the 12b-1 fee were in effect)
Van Kampen UIF U.S. Mid Cap Value Portfolio 05/05/2003
Wells Fargo Advantage VT International Equity Fund 07/31/2002
Wells Fargo Advantage VT Special Values Fund 07/31/2002

AIM Variable Insurance Funds (advisor: Invesco Aim Advisors, Inc.) For periods prior to April 30, 2004, performance shown for the AIM V.I. Global Real Estate Fund relates to a predecessor fund advised by IFG. On April 30, 2004, and again on July 3, 2006, the AIM V.I. Global Real Estate Fund changed its investment objective. Performance shown for the fund reflects the investment objective of the fund in effect during the periods shown. Effective September 30, 2002, the AIM V.I. Core Equity Fund changed its investment objective. As a result, performance shown for the fund reflects the investment objective of the fund in effect during the periods shown. Effective May 1, 2006, assets in the AIM V.I. Premier Equity Fund were transferred to the AIM V.I. Core Equity Fund. Performance for the variable investment option that invests in the AIM V.I. Core Equity Fund reflects returns of the AIM V.I. Premier Equity Fund for time periods up to May 1, 2006. and reflects returns of the AIM V.I. Core Equity Fund for time periods beginning on and after May 1, 2006.

Fidelity Management & Research Company. VIP refers to Variable Insurance Products Fund.

Oppenheimer Funds, Inc. Diversification does not guarantee profit or protect against loss. Investments in growth and technology may be especially volatile for Oppenheimer Capital Appreciation. Investment in growth may be especially volatile in Oppenheimer International Growth.

RS Investment Management Co. LLC. For periods prior to October 9, 2006, performance shown for the RS Investment Quality Bond VIP Series, RS Large Cap Value VIP Series, RS Low Duration Bond VIP Series, RS Money Market VIP Series, RS Partners, RS S&P 500 Index VIP Series, and the RS Small Cap Growth Equity VIP Series relates to a predecessor fund advised by Guardian Investor Services LLC. For periods prior to October 9, 2006, performance shown for the RS International Growth VIP Series and the RS Emerging Markets VIP Series relates to a predecessor fund advised by Guardian Baillie Gifford Limited.

Footnotes

Certain portfolios may have similar investment objectives and policies and, in some cases, similar names to retail mutual funds managed by the same manager. The portfolios named are not the same funds as the retail funds. As a result, specific investments may be different and investment results may be higher or lower. While all funds involve some risk, including possible loss of principal amount invested, there are some additional risks to consider when investing in certain types of funds or certain types of asset classes that comprise a fund’s portfolio. For further information on risks associated with the various funds see the fund prospectuses.

[A] Foreign Securities and Emerging Markets Risk. Investing in International funds or funds that invest any of their assets in foreign securities has special risks relating to changes in currency rates, foreign taxation, differences in auditing and other financial standards, political uncertainty and greater volatility. These risks are even greater when investing in emerging markets.

[B] Small Cap and Mid Cap Companies Risk. Risks associated with investments in small and mid cap companies include less publicly available information, higher volatility, and less liquidity than investments in larger companies.

[C] Concentration Risk Investments concentrated in specific industries, market segments, regions or securities may be subject to increased share price volatility.

[D] Debt Securities Risk. Investing in Bond funds or funds that invest any of their assets in debt securities exposes the contractowner to the general risks of investing in debt markets, such as interest rate, credit, and prepayment risk. Generally, when interest rates rise, bond prices fall, and when interest rates fall, bond prices rise. Therefore, an increase in interest rates would decrease the value of a bond fund’s holdings. The ability of an issuer of a debt security to repay principal prior to a security’s maturity can cause greater price volatility if interest rates change. Duration is a measure of bond price sensitivity to a given change in interest rates. Generally, the longer a bond’s duration, the greater is its price sensitivity to a change in interest rates. However, low duration bond funds are not an alternative to money market funds. Low duration bond funds, unlike money market funds, do not seek to maintain a stable net asset value and as a result are a riskier asset class.

[E] High Yield Debt Securities Risk. Investments in high yield bonds or lower rated and unrated debt securities are subject to greater credit risk and price fluctuation than investments in higher-rated securities.

[F] Derivatives Risk. Since the value of a derivative instrument derives from an underlying asset, the use of derivatives involves risks different from, and possibly greater than, the risks associated with investing directly in the underlying assets. Derivatives can be highly volatile, illiquid, and difficult to value.

1Total returns for these investment options reflect the effects of one or more of the following during some or all of the time periods reflected in this report: fee waivers, expense reimbursements or reductions, and offset arrangements. In the absence of such arrangements, total returns would have been lower.

2Fixed Rate Option. GIAC guarantees that premium payments or transfers allocated to the Fixed-Rate Option will earn a minimum annual interest rate of 1%. At our discretion, interest in excess of the minimum 1% may be credited. GIAC reserves the right to change rates prospectively without notice.

All guarantees are backed exclusively by the strength and claims-paying ability of The Guardian Insurance & Annuity Company, Inc. (GIAC). Variable annuities are issued by GIAC, a Delaware corporation, and distributed by Guardian Investor Services LLC (GIS). Both GIAC and GIS are wholly owned subsidiaries of The Guardian Life Insurance Company of America, 7 Hanover Square, New York, NY 10004. Contract provisions and investment options vary by state.

Distributed by: Guardian Investor Services LLC (GIS) 7 Hanover Square, New York, NY 10004.

GIS is a member: FINRA, SIPC.


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