Foresters Life Insurance – When choosing life insurance, it’s important to find a provider that not only offers financial protection but also aligns with your values and priorities.
Foresters Life Insurance stands out by combining reliable coverage with a commitment to community well-being.
Either you’re looking to secure your family’s future or leave a lasting legacy, Foresters offers policies designed to meet your needs while supporting causes that matter to you.
About Foresters Life Insurance
Foresters Life Insurance has built a reputation as one of the most trusted insurance providers in the nation. Established in 1874 as an international fraternal organization, Foresters has a long history of offering accessible and affordable life insurance policies.
Over the years, it has catered to individuals and families seeking financial protection for their loved ones.
With options ranging from term and whole life insurance to universal life policies, Foresters provides flexible and cost-effective solutions to meet diverse needs.
One of the standout features of Foresters is its commitment to social responsibility and the unique benefits it offers to policyholders.
These include specialized riders that cater to individual circumstances. However, Foresters does not allow online purchases or quotes. To secure a policy, you need to connect with an insurance agent or financial advisor.
Types of Life Insurance Policies Offered
Foresters offers a variety of term and permanent life insurance policies, available across the U.S.
These policies can be accessed through a robust network of agents and financial advisors who can guide you through the selection process.
Term Life Insurance
This company provides term life insurance for individuals aged 18 to 80, with coverage ranging from $50,000 to $5 million.
The Term 30 plan includes automatic five-year renewals after a 30-year term. You can select term lengths of 10, 20, or 30 years based on your budget and coverage needs.
Whole Life Insurance
Foresters offers three types of whole life insurance policies:
- PlanRight Whole Life Insurance
- Advantage Plus II Whole Life Insurance
- BrightFuture Children’s Whole Life Insurance
These policies are tailored to meet a variety of needs, from securing children’s futures to ensuring lifetime coverage for adults.
For clarity on the differences between these plans, consulting an insurance broker is highly recommended.
Universal Life Insurance
The universal life insurance policy from Foresters provides lifetime coverage with adjustable premiums and death benefits to suit changing financial situations.
This policy also builds cash value over time, offering potential tax-deferred growth. In addition, Foresters enhances the value of this policy with exclusive membership perks like access to community resources and support services.
Riders Offered by Foresters
Foresters allows you to customize your policy with riders that address specific needs:
- Accelerated Death Benefit Rider: Provides early access to a portion of the death benefit in case of a critical or chronic illness.
- Accidental Death Benefit Rider: Offers an additional payout to beneficiaries if the policyholder dies due to an accident.
- Child Term Rider: Covers children listed under the policy and can be converted to a permanent policy later.
- Disability Income Rider: Offers monthly payments if the policyholder becomes unable to work due to a severe disability.
- Family Health Benefit Rider: Covers costs such as ambulance services or hospital stays caused by a natural disaster.
Other available riders include the guaranteed purchase option, waiver of premium, return of premium, and paid-up additions. To choose the most suitable rider, it’s best to consult with a Foresters agent or insurance broker.
Pros of Foresters Life Insurance
Foresters life insurance comes with several advantages:
- A variety of coverage terms and flexible policy options.
- Affordable premiums and no medical exam required for certain policies.
- Unique membership benefits, including scholarships and discounted legal services.
- The option to convert a term policy into a whole life policy.
- Child riders and digital e-policy services.
Cons of Foresters Life Insurance
Despite its benefits, there are a few drawbacks to consider:
- Limited term lengths up to 30 years.
- Availability is only in some states.
- No online quotes or applications are offered.
- Claims must be processed by mail.
- Certain riders come with additional fees, and medical underwriting is required for larger policies.
How to Buy Foresters Life Insurance
Purchasing a policy is straightforward:
- Visit their official website and navigate to the life insurance section.
- Select the type of life insurance you are interested in.
- Enter your postal code to locate a Foresters agent in your area.
- Provide basic information, such as your age, health status, and desired coverage amount.
An advisor will then provide a quote based on your details. Be sure to review the terms carefully and ask any questions to ensure the policy aligns with your needs.
If everything checks out, you can proceed with the purchase and secure your coverage.
Bottom Line
Foresters Life Insurance is a solid choice for those seeking dependable coverage combined with meaningful member benefits.
While the process requires working with an agent, the personalized support ensures you get a policy tailored to your specific requirements.