TORONTO–(BUSINESS WIRE)–Foresters Financial™, an international financial services provider, has
launched three new non-participating whole life products1:
Non-Par Whole Life, Simplified Non-Par Whole Life and Child Non-Par
Whole Life. The launch is part of an ambitious new strategy to
significantly grow Foresters product portfolio in Canada over the next
“There’s a great energy and anticipation around the organization’s
future,” said Rob Baboth, Vice President of Sales, Foresters Financial
Canada. “We are committed to providing our distribution partners with
competitively priced products to help them meet the protection needs of
Canadian families. And the Foresters member benefits gives clients so
much more – it’s a winning combination that is unique in the Canadian
These new permanent products were designed to appeal to the family
market with competitive premiums, guaranteed cash values2 and
valuable built-in features.
Non-Par Whole Life: offers flexible
options including Joint First-to-die or Joint Last-to-die and up to
$5,000,000 of affordable permanent protection with preferred
underwriting for coverage above $250,000.
Simplified Non-Par Whole Life: provides
up to $100,000 of reliable, permanent coverage with no medical exams
Child Non-Par Whole Life: offers
affordable coverage today that can help protect the child’s future
insurability and provides guaranteed cash value that they can access
later in life.
All three products include $1,000 in bereavement assistance for the
beneficiaries. Non-Par Whole Life and Simplified Non-Par Whole Life come
with Advance Medical’s Expert Medical Opinion Program3, an
authoritative second opinion on medical issues from some of the world’s
leading experts. Child Non-Par Whole Life has a built-in feature that
waives the premium if the owner dies in an accident4.
In addition to these valuable features, insured clients will be
Foresters members and have access to Foresters Member Benefits5
for the primary insured and their immediate family members. These
benefits, many of which are complimentary, currently include competitive
academic scholarships, financial counseling and discounted legal
Foresters new non-participating whole life products are available as of
December 12, 2016.
About Foresters Financial
Foresters Financial is an international financial services provider with
more than three million clients and members in Canada, the United States
and the United Kingdom. We provide life insurance, savings, retirement
and investment solutions that help families achieve their financial
goals and make a lasting difference in their lives and communities. In
Canada, products are offered by The Independent Order of Foresters and
its subsidiary Foresters Life Insurance Company. Investment products are
offered by Foresters Asset Management Inc.
Foresters Financial has assets of almost $14 billion, total funds under
management of almost $34 billion and a surplus of $2.3 billion (all
figures in Canadian dollars as of December 31, 2015). For more
information, visit foresters.com.
Foresters Financial and Foresters are trade names and trademarks of The
Independent Order of Foresters (a fraternal benefit society, 789 Don
Mills Road, Toronto, Canada M3C 1T9) and its subsidiaries.
1Underwritten by Foresters Life Insurance Company
2Cash values are guaranteed provided the policy remains in
effect and no material change is made to the policy.
3This Program is provided solely by Advance Medical Inc.,
subject to eligibility requirements and limitations and may be changed
or cancelled at any time without notice. This benefit is not part of the
4All policy benefits are subject to terms and conditions set
out in the Policy. Please read your policy documents carefully and
contact Foresters if you have any questions.
5Foresters Financial member benefits are non-contractual,
subject to benefit specific eligibility requirements, definitions and
limitations and may be changed or canceled without notice.
For more information:
Peckett, 647-290-0125 (NA)