Foresters Finance Expands Premium Limits for Non-Medical Basic Life Insurance

TORONTO, July 25, 2022 /PRNewswire/ – Foresters Financialâ„¢ (Foresters), a family life insurer that is boldly redefining the life insurance business through innovation, purpose and health, today announced that it has increased the face value limit to its Strong Foundation offering.1, an industry-leading non-medical life insurance policy designed to meet the diverse needs of clients. Immobility depends on answers to medical and other application questions and searches and reviews.

Effective immediately, the upper face limit for people aged 18-55 is now in place $500,000, an increase of 25%. The highest face value for those aged 56+ now $250,000an increase of 66%.

Strong Foundation is available with 10, 15, 20, 25 or 30 year guarantees2, 3 the period of death benefit and conversion to permanent insurance benefits; Validity decisions are also often made in 10 minutes or less.

US President of Foresters Financial, Matt Bermansaid, “Many people are still living without life insurance, at a time of great economic uncertainty. We are pleased to announce this increase in face limits at Strong Foundation, our non-medical Term life solution. In addition, our latest diabetes insurance policy will allow more people to get high-quality insurance and be able to protect themselves and their loved ones. “

This med-free solution represents an opportunity to provide greater insurance protection for those with chronic obstructive pulmonary disease (COPD), as well as those who smoke and use marijuana, as well as people with diabetes. In addition, due to inflation and the rising cost of home ownership, the Strong Foundation offers protection against large mortgages, for those who qualify.

In addition to face coverage and non-medical coverage, Strong Foundation Insurance is a member-only option for all Foresters members.4 it’s a privilege.

Opinions of the company Foresters Financial

Foresters Financial also provides life insurance and life insurance companies in the US, Canada and UK for enriching the lives, communities, and well-being of its members. Agents and members appreciate the turnkey offerings and the streamlined end-to-end sales process that makes it easy to get life insurance without a medical exam. The latest technology tools help agents to provide insurance protection to members. Committed to the health of its members, Foresters offers a comprehensive array of member benefits and redefines the traditional insurance model, bringing comprehensive financial and health protection to everyday North American families. Forestry joined forces with Canada Protection Plan in 2020 to add life insurance coverage to its Canadian business. Foresters Financial is the trading name of The Independent Order of Foresters, the world’s oldest non-denominational fraternal benefit society. For 21 straight years, The Independent Order of Foresters has received an “A” (Excellent) from AM Best.5

Just more needs.

Foresters Financial, Foresters, Helping Is Who We Are, Foresters Care, Foresters Go and the Foresters Go logo are trade names and/or trademarks of The Independent Order of Foresters (fraternal benefit organization, 789 Don Mills Road, Toronto, PA, Canada M3C 1T9) and its subsidiaries.


Written by The Independent Order of Foresters.

________________________________

1 Life insurance policies are underwritten and issued by The Independent Order of Foresters, a fraternal organization. Foresters Strong Foundation may not be available or accepted in all countries and subject to acceptance, restrictions, terms and conditions, and country-to-country differences. See the Foresters Strong Foundation Insurance government agreement for these terms and conditions. Foresters Strong Foundation is registered under the following numbers: ICC16-TERM-ALB-US01 or TERM-ALB-XX01-2016.

2 Forestry and climbing products may be available or accepted in all countries and subject to eligibility, regulatory approvals, restrictions, agreements and conditions and state variations. Check with your country’s Foresters union for these results.

Written by The Independent Order of Foresters.

3 Forest members are insured under a life or health insurance certificate issued by The Independent Order of Foresters or Foresters Life Insurance Company.

4 The benefits of a member of Foresters are not contractual, according to the benefits of legal requirements, definitions and limitations and may be changed or canceled without notice or are no longer available.

5 The AM Best ratings ever given July 29, 2021, shows the full power and ability to pay the claims of The Independent Order of Foresters (IOF) but does not apply to the performance of any actions not provided by the IOF. The rating “A” (Good) is given to companies that have the ability to meet the requirements of the regulatory authorities and have the best strength, performance and business history compared to those established by. AM Best Company. AM Best assigns ratings from A++ to F, with A++ and A+ being the best ratings and A and A- being the best ratings. Check out ambest.com for our latest ratings.

SOURCE The Independent Order of Foresters