Foresters Life Insurance Company



foresters life insurance

Foresters Life Insurance Company is different from any other organization you can purchase your life insurance from, at least in the United States. Founded way back in 1834, they have a historical starting point dating back perhaps further than any other life insurer.

The company was initially the Ancient Order of Foresters prior to it being named the Independent Order of Foresters in the United States in 1874, and now just goes by Foresters. As a fraternal benefit society, Foresters initially existed as a group of mutual participants who exclusively brought themselves together for security, aid, and development. The organization now does business in the United States, Canada, and the United Kingdom as Foresters Life Insurance Company.

At present, Foresters continues it’s non-profit format, providing for members, their families, and friends. They have a variety of financial services programs for help and support, among them they provide life insurance to their active members and their community. From person to person participation to scholarships, Foresters endeavors to continually have its hand in supporting people.

Financial Status

Foresters has developed to a remarkable $8.45 billion in overall assets. Moreover, the company has better than $1 billion in premium surplus which helps the company to manage their business matters and remain solvent.

Almost 1.2 million members and policyholders are currently a part of Foresters, with more than 3 million active policies or financial contracts. The company has experienced double digit percentages in growth over the last handful years, and will likely soon surpass $34 million in assets under management

These kinds of numbers have been consistent for more than ten years, and Foresters Life Insurance Company recently obtained their “A” rating by A.M. Best Rating Services for the 15th straight year. This not only provides testament to a reliable and secure financial status but demonstrates the organization continues to have successes every year, something a lot of other insurance companies cannot emulate.

Foresters and its subsidiaries have solutions in the fields of insurance, mutual funds, annuities, and more.

Insurance Products Available from Foresters Life Insurance

Foresters provides a number of life insurance products for its members and prospective members that are designed to meet critical financial needs:

PlanRight Whole Life Insurance

 Most likely one of the most preferred life insurance products provided by Foresters Life Insurance is the company’s final expense insurance policy: PlanRight Whole Life Insurance. This insurance is a whole life policy that lasts a lifetime and has a fully guaranteed level premium. It has a cheaper premium than many other final expense policies. This product is one of the best final expense insurance policies on the market.

Having said that, there are some health questions and medical requirements that must be satisfied. For this reason, this insurance product is not for everybody. The insurance comes in three types: Fixed, graded, and modified.

  • Fixed Benefit: the death benefit is 100% of the face amount from the beginning.
  • Graded Benefit: there is a limited death benefit the first two policy years. You will receive the greater of the sum of the total premium paid accumulated with 4.5% interest or 30% of the face amount in effect for the first year and 70% in the second year. After the first two years, the death benefit is 100%.
  • Modified: the policy pays the beneficiary a limited death benefit the first two years based on a return of premium plus 10%. After the first two years, the death benefit is 100%. This type of modified death benefit is normally associated with burial insurance policies.


Your Term Non-Medical

 Introduced in April of 2017, Your Term is a non-medical level term policy with some attractive features that include:

  • A term selection of 10, 15, 20, 25, and 30-year policy terms
  • Issue ages of 18 to 80 years of age
  • Face amounts (death benefit) up to $400,000
  • Term conversion privilege
  • Accelerated death benefit rider included
  • Additional death benefit for death resulting from a common carrier accident
 Foresters also offers a Charity Benefit Provision that allows for 1% of the face amount of the member’s policy to be paid to a designated charity at no additional cost. 

SMART Universal Life Insurance

This non-medical permanent life insurance product is available for applicants up to age 55 with a death benefit up to $250,000. For applicants age 56 to 70, the company offers coverage up to $150,000.

Variable Products

 Foresters rounds out there product selection with Variable Universal Life and Variable Life that are designed to accommodate applicants that require a guaranteed death benefit but prefer to accumulate significant cash value over time. These policies use subaccounts to invest in market-based products that can deliver enhanced cash value for investment purposes and can be accessed by the policyholder using non-taxable policy loans.


The Independent Order of Foresters has engineered itself from the ground up and additionally added in other companies to operate under the Foresters name and solid reputation. Foresters’ thriving reputation is only preceded by the company’s outstanding products. Almost no member complaints are found about the organization, which is remarkable for any organization covering multiple countries and continents.

Our agency contends that for the purpose of final expense insurance, Foresters can be an outstanding option that provides solid and affordable insurance solutions.

For more information about Foresters Life Insurance final expense products or to get a free and confidential insurance quote, call the insurance professionals at Docktor’s Insurance at (888) 773-1181 during normal business hours, or contact us through our website at your convenience.


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