Category: Company Reviews
The Independent Order of Foresters was founded in 1874 as a fraternal benefit society, which is a member-based insurer.
Foresters is a member-governed company and does not have shareholders.
When you buy a policy from Foresters, you become a member with privileges and rights governed by its constitution.
You can vote for leaders or even nominate yourself to be a leader.
Ratings as of 08/2020 and are subject to change
Some financial highlights include 2.5 million certificates and contracts in force and a $2.1 billion surplus.
Accelerated underwriting is available with Foresters, offering underwriting decisions in seven days or less.
Highlights include:
If eligible you will be approved.
If not, your application will be moved to the traditional underwriting process that requires an exam.
Term life insurance, universal and whole life insurance policies are available.
The Your Term product offers the following:
The Your Term policy offers non-medical underwriting up to $400,000 making it a quick and easy process.
Foresters offers the SMART Universal Life policy with the following:
The focus of this policy is for the non-medical market up to $400,000 as well as smaller policies for juveniles.
The Advantage Plus II and PlanRight are whole life insurance policies.
The Advantage Plus II offers:
The guaranteed insurability rider is pretty interesting.
Assurity and Cincinnati Life are companies that offer something similar.
PlanRight offers:
Foresters are one of the best life insurers for small face whole life policies.
We typically compare them to whole life policies offered by American General and Assurity.
You may reach customer service at 800-828-1540
Customers may log in to their Forester account – here
Corporate headquarters is located at:
789 Don Mills Road – Toronto, Canada M3C 1T9
We take our responsibility seriously and will do whatever we can to make sure you end up with the best life insurance company based on your unique life insurance needs and situation.
Kind words from happy customers who have a lot to say about our service!