Foresters Life Insurance Review

Foresters' Your Term Level Term Life Insurance is renewable and convertible. If you want to extend the term of the policy, you can. Also, if a Foresters Financial permanent life insurance product better suits your needs, you can convert to it without the need to undergo the underwriting process once more. Initial terms available through Your Term are 10, 15, 20, 25 or 30 years. You can choose the term based on your current and forecasted financial obligations. Anyone between the ages of 18 and 80 can get this policy with a face value of at least $100,000.

Strong Foundation is renewable and convertible. Strong Foundation provides 10-, 15-, 20-, 25- and 30-year initial periods. You may choose the term based on your current and future financial needs. Ages 18 to 80 are eligible for coverage, with face amounts ranging from $50,000 to $500,000. In addition, the premiums for your primary coverage and any additional riders will not increase during the original term of your policy.

Foresters’ Prepared II Accidental Death Term Insurance is a straightforward and reasonable way to protect your family's financial future in the event of your untimely death due to an accident. It gives guaranteed rates for accidental death insurance coverage up to age 80 and a death benefit that is not taxable. Those between 18 and 70 are eligible for coverage, with face amounts between $50,000 and $500,000. Simplified Issue underwriting is used for Prepared II, which means that insurability is determined solely by the answers provided in the application rather than through the use of blood work, saliva samples or Paramed visits.

With Foresters’ Advantage Plus II Participating Whole Life Insurance, you have the freedom to create an individual plan that will help you secure your family's financial future. Advantage Plus II puts you in charge of your coverage, allowing you to tailor it to your needs by adding extra protections against the unexpected if you so choose.

With Advantage Plus II, you and your loved ones are protected for life (up to age 121), and your cash value is assured to grow. You may get dividends that can be left to earn interest, used to lower premiums or cashed out. Advantage Plus II offers income-tax-free death benefits and flat premiums for 20 years or up to the age of 100. Coverage starts at $25,000 for ages 0–85 and is underwritten on a nonmedical basis to age 75.

BrightFuture Children's Whole Life is a whole life insurance product for under-18s featuring a lifetime death benefit, a guaranteed cash value and level premiums. You can take out a loan against the cash value to help with short-term expenses like paying for a child's college tuition or to cover unforeseen costs. The caveat is that it could lower the death benefit if not paid back. The death benefit is tax-free, and insurance coverage lasts up to age 121, with guaranteed level premiums payable for 10 years or until age 100. Coverage is available for anyone under 18, with a face amount ranging from $5,000 to $75,000.

Planning for final expenses can be done using the coverage provided by Foresters’ PlanRight Whole Life Insurance. For policyholders between the ages of 50 and 85, insurance is offered with face amounts between $5,000 and $35,000.

SMART Universal Life Insurance is a comprehensive life insurance solution that provides you with the flexibility to save for your future and protect your loved ones while being affordable. With the 10-Year No Lapse Guarantee from Foresters, you can continue coverage as long as you pay the minimum premium monthly. You can increase your potential cash value with SMART UL in addition to the death benefit. You may access the cash accumulation element of a SMART UL if you need money, and it accumulates at an annual interest rate of 2% (minimum) and is often credited at higher interest rates. You can get coverage of $25,000 ($10,000 for young children) or more, and the policy is available to anyone between the ages of 0 and 85.

PlanRight Whole Life Insurance serves as the final insurance policy offered by Foresters to those who are between 50 and 85 years old. The policy is available for face values ranging from $5,000 to $35,000. The death benefit provided by PlanRight is not subject to federal income taxation, and the premiums are guaranteed to remain constant.

The policy is underwritten on a Simplified Issue basis, which means that your insurability is determined by your responses to medical and other questions in your application and underwriting searches and not on any saliva swabs, blood work or Paramed visits.

To meet short-term expenses or prepare for an unforeseen event, you can take out a loan against the cash value. However, this could reduce your death benefit if it is not paid back.