Foresters
Life Insurance
Foresters Financial™ is a global financial services provider with a proud history dating back to 1874. For over 150 years, it has been dedicated to helping Canadian families achieve financial security. With a comprehensive range of life insurance plans, Foresters ensures that Canadians from all walks of life have access to reliable coverage.
Foresters offers the following insurance plans:
Overview
Insurance Options:
Term 10:
Eligible ages
18 - 75
Amount of Coverage
5 Million
Duration of coverage
10 Years
Term 20:
Eligible ages
18 - 65
Amount of Coverage
5 Million
Duration of coverage
20 Years
Term 30:
Eligible ages
18 - 55
Amount of Coverage
5 Million
Duration of coverage
30 Years
Additional benefits
Guaranteed Premiums:
Fixed premiums for the chosen term
Conversion Privilege:
Convert to whole life before age 71.
Joint Term Coverage:
Cover two people with a premium discount.
Preferred Insurance Classes:
Lower premiums for healthy individuals.
Overview
Insurance Options:
Advantage Plus:
Eligible ages
0 - 85
Amount of Coverage
Ages 0-15: Up to $150,000. Ages 16-55: Up to $400,000. Ages 56-75: Up to $150,000. Ages 76-85: Up to $499,999.
Duration of coverage
Lifetime Protection up to age 121
Additional benefits
Dividend Participation:
Dividends can reduce premiums, add coverage, or be cashed.
Guaranteed Cash Value:
Guaranteed cash value accessible via loans/withdrawals.
Charity Benefit Provision:
1% of face amount (up to $100K) donated to charity.
Children’s Insurance Benefit:
$3,000 term insurance for children, convertible to permanent.