Celebrating Excellence
Foresters Financial is thrilled to announce that A.M. Best Company has affirmed an “A” (Excellent) rating for The Independent Order of Foresters
for an incredible 24 consecutive years!
Additionally, DBRS Morningstar has confirmed our “A” Financial Strength Rating.
We are also proud to report a strong Risk-based capital ratio of 451% underscoring our financial stability and resilience.
This milestone reflects Foresters’ unwavering commitment to
excellence and financial stability.
Thank you for your trust and support – here’s to many more years of success together.
Visit Foresters.com to review our financial reports.
Strength your clients can rely on
Great news for your clients with participating whole life insurance from Foresters Financial™
2024 marks another year of solid dividend performance from Foresters, with a total dividend payout of $25.8 million which is a dividend interest rate of 5.9%
Learn more about our financial strength
Does not apply to certificates where Foresters does not expect to pay dividends. Dividends are not guaranteed. Past dividends are not an indicator of future dividend performance.
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Revitalize your Final Expense sales with PlanRight enhancements!
Foresters has eliminated the Personal Health Interview (PHI) for PlanRight (Final Expense) applications and offers two ways to sell PlanRight with a point-of-sale (POS) decision.
Two Ways to Get a POS Decision:
LiveApp for Electronic Applications:
- Available for all customers age 50 - 85.
- Document delivery via email or SMS text.
- Unique one-time passcode (OTP) for each customer signature.
- POS decision generated within LiveApp.
- Clickwrap for agent signatures.
- No PHI required!
For customers who are the Proposed Insured, Owner, and Payor, with no intent to replace coverage.
LiveApp for Paper Applications:
- Complete a paper application with wet signatures.
- Log into LiveApp to start a “PlanRight Paper POS.”
- Enter Proposed Insured’s personal information and confirm medical questions.
- Generate POS decision within LiveApp.
- Record reference ID and close the application.
Ideal for customers who prefer traditional processes, want different owners/payors, or plan to replace existing coverage.
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Unique offerings for your unique clients
New Individual Taxpayer Identification Number Program
Foresters helps you make a real difference in people’s lives and build your business at the same time, with programs like our Individual Taxpayer Identification Number (ITIN) Program.
The ITIN program is available for individuals living and working or retired in the United States that pay taxes and have an ITIN, do not have a social security number and have lived in the US for the past three (3) consecutive years.
Sign in to ezbiz for complete program details.
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Non-med solutions
Foresters products and services are designed with everyday families in mind. Foresters “non-med” life insurance is coverage that doesn’t require a medical exam, blood tests or collection of fluids. Clients love it because it’s easy.
You’ll love it because it’s fast.
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Client-friendly |
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Quick |
What makes Foresters non-med different from other carriers?
- Term with non-med underwriting at face amounts up to $500,000, which can help clients with larger family responsibilities.
- A full suite of non-med Whole Life and Universal Life products for clients that prefer permanent coverage at face amounts up to $400,000.
Insurability depends on answers to medical and other application questions and underwriting searches and review.
Learn more about our product portfolio.
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Get to know Foresters Financial
Advantage Plus II2
A participating whole life insurance product that offers lifetime death benefit protection (to age 121), guaranteed cash values and lifetime guaranteed premium.
SMART UL2
A flexible universal life insurance product that offers lifetime protection, non-medical and medical underwriting and potential for cash value accumulation.
Guaranteed minimum interest rate of 2%.
Learn more about our product portfolio.
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Transforming the life insurance experience for people living with diabetes
38.4 million Americans live with diabetes.3 Many of these people don’t have life insurance because they don’t qualify or it’s too expensive. Since 2022, Foresters Strong Foundation term insurance has been able to offer coverage to over 4,700 people with diabetes.
Foresters takes a holistic approach to helping your clients meet their needs. Our life insurance products coupled with our member benefits, like the Foresters Go wellness and rewards app,4 may have a positive impact on their overall wellness.
Together, we can help more people get the protection they need with Strong Foundation non-medical term insurance.
Test drive the Strong Foundation diabetes calculator.
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Transforming the sales experience
Foresters is helping improve the life insurance application process for you and your clients. Our e-Application process uses reflexive questionnaires with guided prompts allowing for additional client information to be submitted. Improved data accuracy helps advance straight-through processing and reach faster point-of-sale decisioning.
Reflexive questionnaires available on the iPipeline iGO e-App platform for Foresters non-medical products – Advantage Plus II, SMART UL and Strong Foundation.
Learn more about these products.
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Customer service at your client’s fingertips
Foresters is transforming the life insurance experience for your clients, through dedicated customer-focused services like MyPolicy. My Policy is an online tool that allows your clients to update their contact information, change beneficiary information, submit loan requests and receive funds directly into their accounts within short timelines.
Foresters is continuously looking towards the future.
Ensure your clients know about this convenient tool. Sign in to ezbiz for full program details.
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Trust in a secure future
When people buy life insurance, they want an insurer that is strong and well positioned for the future. With Foresters, you can give them that — and more.
We are financially strong with assets of $12.8 billion, liabilities of $11.2 billion and a surplus of $1.6 billion.5,6
For 23 consecutive years, the independent rating agency A.M. Best has given The Independent Order of Foresters an “A” (Excellent) rating for excellent balance sheet strength and operating performance.
In 2023, Foresters paid $715 million in insurance claims and benefits. In addition, Foresters total dividend payout to eligible participating policyholders in the United States was $18.5 million in 2023. The dividend interest rate in 2023 was 5.9%.7
As a fraternal benefit society, we manage our own financial reserves. Our Risk-Based Capital (RBC) ratio exceeds the National Association of Insurance Commissioners’ (NAIC) guidelines.
Learn more about Foresters.
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Above and beyond life insurance
For 150 years, Foresters Financial has been helping families secure their financial futures. But we’ve always gone beyond that, empowering people to make a real difference in the world around them. Through our global network of over two million members, communities and families get the support they need to thrive, live well and do more good.
Today, our commitment to helping you do more of the good you want to do is what drives us and sets Foresters apart from other organizations. Together, we can create a future where more good happens for the people and places that matter most to our members.
Ensure your clients know about Foresters member benefits.
Click here to learn more about our product portfolio.
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1. https://www.limra.com/en/research/research-abstracts-public/2023/2023-insurance-barometer-study/
2. Foresters Advantage Plus II, Foresters Strong Foundation, and Foresters SMART UL and their riders may not be available or approved in all states and are subject to underwriting approval, limitations, contract terms and conditions, and state variations. Refer to the Foresters Advantage Plus II Life Insurance, Strong Foundation Term Life Insurance, or SMART UL Life Insurance contracts for your state for these terms and conditions. Foresters Advantage Plus II, Strong Foundation, and SMART UL are filed under the form numbers listed below. Foresters SMART Universal Life: ICC18-UL-SMART-US01 or UL-SMART-XX01-2018 or UL-SMART-FL02-2018; Foresters Advantage Plus II: ICC21-WL-US01 or WL-XX01-2021; Foresters Strong Foundation: ICC16-TERM-ALB-US01 or TERM-ALB-XX01-2016.
3. Source: https://www.cdc.gov/diabetes/php/data-research/
4. Foresters Go is provided by The Independent Order of Foresters and is operated by dacadoo AG..
5. All figures are presented in USD. The figures are based on consolidated financial results prepared in Canadian dollars as at December 31, 2023 and converted into USD using the Bloomberg spot exchange rate of 1.3243.
6. Consolidated financial results as at December 31, 2023. The surplus comprising assets of 12.8 billion and liabilities of $11.2 billion represents excess funds above the amount required as legal reserves for insurance and annuity certificates in force and provides additional assurances to our members for our long term financial strength. Financial strength refers to the overall health of The Independent Order of Foresters. It does not refer to nor represent the performance of any particular investment or insurance product. All investing involves risk, including the risk that you can lose money.
7. Dividends are not guaranteed. Past dividends are not an indicator of future performance.
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