Strong Foundation standard face amount limits have increased to $500,000 for issue ages 18 to 55, and $250,000 for issue ages 56+.
For recent certificates issued on or before¹ June 18, the illustration included in the Certificate Issue Package (CIP) will reflect the previous non-guaranteed crediting rate of 4.5%. For new certificates issued on or after June 19, the illustration will automatically reflect a non-guaranteed crediting rate of 4.75%, regardless of what may have been previously illustrated to the client.
¹ Applies to all SMART UL applications dated on or after September 22, 2018, excluding CA and NY, and in CA and NY, on all SMART UL applications dated on or after May 11, 2019
The 2021 Member Report marks another year of financial strength for Foresters Financial. Share the report and these impressive highlights with your clients: $2 billion surplus; 2.8 million certificates In Force; “A” (Excellent) rating from the independent rating agency A.M. Best¹; 20,000 trees planted.
¹ The A.M. Best ratings assigned on July 29, 2021 reflect overall strength and claims-paying ability of The Independent Order of Foresters. An “A” (Excellent) rating is assigned to companies that have a strong ability to meet their ongoing obligations to policyholders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by A.M. Best Company. A.M. Best assigns ratings from A++ to F, A++ and A+ being superior ratings and A and A- being excellent ratings. In assigning the ratings, A.M. Best stated that the rating outlook is “stable”, which means it is unlikely to change in the near future. See ambest.com for our latest rating.
2021 marked another year of strong dividend¹ performance from Foresters Financial™, with a total dividend payout of $24.0 million USD.
¹ 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.
With 34 million Americans living with diabetes¹, Foresters Financial™ is committed to providing solutions to help those who may not have been able to access insurance before.
¹ Centers for Disease Control and Prevention (CDC), National Diabetes Statistics Report, 2020.