Foresters Financial™ is a unique international financial services provider which started in 1834 and is most likely the oldest provider of life insurance in the U.S… Now more than 180 years later, Foresters Life Insurance provides life insurance, investment, retirement, and savings solutions allowing families to achieve their long-term financial goals.
Foresters began as the Ancient Order of Foresters, but in 1874 the name changed to the Independent Order of Foresters. Initially, 
Foresters, as a fraternal benefit society, existed as a society of members who solely gathered together for aid, security, and development. Foresters Financial™ now conducts business in the U.S., Canada, and the United Kingdom.
Currently, Foresters operates in a non-profit format by providing for its members and their families. They offer a wide range of financial service programs that provide help and support, as well as life insurance for their active members and their community. Foresters members also enjoy exclusive benefits such as academic scholarships, discounted legal services, and financial counseling, as well as volunteering opportunities.
Financial Status
Foresters Financial™ holds an impressive $8.45 billion in overall assets. Furthermore, the company has more than $1 billion in surplus 
premium, which allows Foresters to manage their products and remain financially sound.
There are currently more than 3 million active policies and financial contracts with approximately 1.2 million members and policyholders. It is expected for Foresters to exceed $34 million in assets under management since they have experienced double-digit percentages in growth over the last several years.
Foresters Financial™ recently earned an “A” rating by A.M. Best for the 15th year in a row due to their financial standing being consistent for over a decade. This rating indicates that Foresters continues to have success year after year and that they are reliable and secure in their financial status. Many other insurance providers are unable to duplicate such a reputation.
Foresters Financial™ and its subsidiaries offer solutions in the area of insurance, annuities, mutual funds, and much more.
Life Insurance Products Available from Foresters
Foresters Financial™ provides its members and potential members a number of life insurance products in order to meet their critical financial needs.
PlanRight Whole Life Insurance
This is one of the Foresters Life Insurance most preferred life insurance and final expense insurance products. PlanRight is a whole life insurance policy that offers a guaranteed level premium that lasts a lifetime. It has one of the most affordable premiums when compared to other final expense policies. It is truly one of the best final expense insurance products currently on the market.
However, there are health questions and medical eligibility requirements that will need to be satisfied. It is for this reason that this product may not accommodate everyone. The PlanRight Whole Life Insurance plan is available in three types: fixed, graded, and modified.
- Fixed Benefit: Death benefit is 100% of the face amount from the beginning.
- Graded Benefit: 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: 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
Your Term is a non-medical level term policy that was introduced in April of 2017 by Foresters Life Insurance. Some of the attractive features available 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 Life Insurance also offers a “Charity Benefit Provision” which allows the policyholder to donate 1% of the face amount of their policy to a designated charity at no additional cost.
SMART Universal Life Insurance
This is a non-medical permanent life insurance product that offers a death benefit up to $250,000 for those up to age 55 and $150,000 for those between 56 to 70 years of age.
Variable Products
These products are designed to provide applicants with a guaranteed death benefit, as well as the ability to accumulate substantial cash value over time. The policies use “sub-accounts” to invest in market-based products that provide increased cash value for the purpose of investing. These sub-accounts can be accessed by the policyholder by taking out non-taxable policy loans.
Conclusion
Starting as the Independent Order of Foresters, Foresters Financial™ has built itself from the ground up by adding more companies to 
operate under the brand name and building a solid reputation. Foresters’ prosperous reputation is generated by offering outstanding products. There exists virtually no member complaints about the organization, which is certainly impressive considering that they cover numerous countries and continents. For the purpose of final expense insurance, Foresters is the best option for providing solid and affordable insurance products.