Foresters Insurance: Protecting You and Your Family

Foresters Insurance is a well-respected insurance provider that has been around since the 1800s. Their focus is on providing affordable insurance solutions that protect you and your family. They offer a range of insurance policies, including life insurance, critical illness insurance, and disability insurance.

The History of Foresters Insurance

Foresters Insurance was founded in 1874 in Toronto, Canada, with a commitment to improving the well-being of families and communities. They began as a fraternal organization, providing support to members and their families. As they grew, they began offering insurance policies to members, and eventually expanded to offer their services to the general public.

Today, Foresters Insurance is a global organization with offices in the United States, Canada, and the United Kingdom. They have over three million members and $44 billion in funds under management. Their commitment to community still guides their business practices, with a focus on charity, volunteerism, and social responsibility.

Life Insurance from Foresters Insurance

Life insurance is an essential part of any financial plan, protecting your family from the financial burden that would result if you were to pass away. Foresters Insurance offers a range of life insurance policies, including term life insurance, whole life insurance, and universal life insurance.

Term life insurance is a popular option because it is affordable and provides coverage for a specific period, usually 10 or 20 years. Whole life insurance provides coverage for your entire life, and also has a savings component, which can be used to pay for policy premiums or other expenses. Universal life insurance combines the features of term and whole life insurance, providing coverage for your entire life with a savings component that can grow tax-free.

Term Life Insurance

Foresters Insurance’s term life insurance policies provide coverage for a set period, typically 10 or 20 years. If you pass away during the policy term, your beneficiaries receive a tax-free death benefit. The premiums are affordable, making it an attractive option for young families or those on a tight budget. The policy can be renewed at the end of the term, although the premiums may increase.

Foresters Insurance also offers a unique term life insurance policy called Your Term. This policy allows you to customize the coverage and the term. You can choose the term length, coverage amount, and even add riders for additional coverage. This flexibility allows you to create a policy that fits your specific needs and budget.

Whole Life Insurance

Whole life insurance provides coverage for your entire life, as well as a savings component known as the cash value. The premiums are higher than term life insurance, but the policy provides a guaranteed death benefit and the cash value grows tax-free. The cash value can be used to pay for policy premiums, take out a loan, or even as a retirement income stream.

Foresters Insurance’s whole life insurance policies also come with some unique features. They offer a 10-pay policy, which allows you to pay premiums for 10 years, after which the policy is fully paid up. They also offer an Advantage Plus program, which pays out a higher death benefit if you pass away due to an accident.

Universal Life Insurance

Universal life insurance combines the features of term and whole life insurance. It provides coverage for your entire life, with a savings component that grows tax-free. You can customize the policy to fit your specific needs, choosing the coverage amount, premium amount, and investment options.

Foresters Insurance’s universal life insurance policies also come with some unique features. They offer Inflation Protection, which automatically increases the coverage amount and premiums to keep up with inflation. They also offer a Children’s Term rider, which provides coverage for your children until they reach the age of 25.

Critical Illness Insurance from Foresters Insurance

Critical illness insurance provides a lump sum payment if you are diagnosed with a serious illness, such as cancer, heart attack, or stroke. This payment can be used to cover medical expenses, household expenses, or any other expenses that arise as a result of the illness.

Foresters Insurance offers critical illness insurance that covers 24 different illnesses, including cancer, heart attack, and stroke. The policy also includes a return of premium benefit, which provides a refund of premiums paid if you do not make a claim during the policy term.

Disability Insurance from Foresters Insurance

Disability insurance provides income replacement if you are unable to work due to an injury or illness. This coverage is essential for anyone who relies on their income to support themselves or their family.

Foresters Insurance offers two types of disability insurance: short-term disability insurance and long-term disability insurance. Short-term disability insurance provides coverage for a set period, typically 13 or 26 weeks. Long-term disability insurance provides coverage for an extended period, usually until retirement age.

FAQ

Overall, Foresters Insurance is a reputable insurance provider that offers a range of insurance solutions to protect you and your family. Whether you need life insurance, critical illness insurance, or disability insurance, they have a policy that will fit your specific needs and budget. Their commitment to community and social responsibility sets them apart from other insurance providers, making them a great choice for anyone looking for an insurance policy with a purpose.