Is Foresters Life Insurance a Good Choice? A 2025 Review - PinnacleQuote

Is Foresters Life Insurance a Good Choice? A 2025 Review

Is Foresters life insurance a good choice in 2025?

Selecting a reliable life insurance provider is crucial for securing your family’s financial future.

This review dives into Foresters Life Insurance, evaluating its financial strength, policy offerings, customer satisfaction, and unique member benefits to help you determine if it aligns with your needs.

Burial Insurance Carrier Overview
Carrier Logo
A.M. Best Rating: A
BBB Rating: A+
NAIC Complaint Index: 1.39
*As of 02/03/2025

Enjoy this review and leave a comment below and let us know what you think of the products Foresters Financial offers.


Who is Foresters Life Insurance Company

Above all, Foresters Financial and Foresters are trade names and trademarks of The Independent Order of Foresters Life Insurance. The Independent Order of Foresters is so much more than the average insurance and annuity products company.

In fact, they are an international financial services company that was established in 1874 stretching across Canada, the United States and the United Kingdom. Moreover, for their over one million members, they have been providing life insurance coverage, retirement, and investment needs for over 145 years!

Not only are they committed to their member’s unique situation and financial goals, but they are big at giving back to the community through volunteering that benefit local communities. Foresters life insurance rating is “A” (Excellent) with the independent rating agency A.M. Best for financial strength making Foresters Financial services one of our top 10 life insurance carriers in the US.  


Get Quote
*Ballpark TERM Quote

Pre-Approved Quote
*Have a Pre-Approved, FULLY SHOPPED TERM RATE emailed to you
100% ACCURATE!

Foresters Financial Headquarters

As we mentioned before, Foresters Life Insurance Company has members in the United States, Canada, and the United Kingdom. However, they are headquartered in Toronto, Canada. Here are some of the ways you can contact Foresters Life Insurance Company Canada.

Financial Counseling

Foresters Life Insurance Address

The Independent Order of Foresters

789 Don Mills Road, Toronto, ON Canada M3C1T9

U.S. Mailing Address: PO Box 179, Buffalo, NY. 

Courier/ Overnights:

Foresters Financial C/O Frontier Distributing Attention: New Business 660 Howard Street, Buffalo, NY 14206

Foresters Life Insurance Phone Number:

  • Member Benefits: 1-800-444-3043 
  • General member inquires: 1-800-828-1540

Foresters Financial Life Insurance Reviews (Products)

Now that we know the history of Foresters Financial let’s get down to what makes this engine move! This will be a Foresters Insurance review by product. 

As a broker/agent, it’s hard to beat the rates on some of the insurance products that Foresters offers. In fact, they have so many quality smart universal life insurance products geared for your specific situation and financial goals. Furthermore, It’s important to speak with your representative to discuss your specific situation. 

Financial Strength and Ratings

Foresters Financial, officially known as The Independent Order of Foresters, has consistently demonstrated financial stability.

As of September 6, 2024, A.M. Best Company affirmed Foresters’ Financial Strength Rating (FSR) of “A” (Excellent), marking the 24th consecutive year of maintaining this rating. This rating reflects the organization’s strong ability to meet its ongoing insurance obligations.

Policy Offerings

Foresters provides a diverse range of life insurance products to cater to various needs:

  • Term Life Insurance: Offers coverage for a specified period, typically 10 to 30 years, with level premiums throughout the term.
  • Whole Life Insurance: Provides lifelong coverage with fixed premiums, a guaranteed death benefit, and cash value accumulation.
  • Universal Life Insurance: Combines permanent coverage with flexible premiums and the potential for cash value growth based on current interest rates.

Notably, Foresters offers no-medical-exam life insurance options for qualified applicants, expediting the approval process.

Foresters Your Term (Medical)

Foresters Your Term level term life insurance has a 10, 15, 20, 25 and 30-year guaranteed level term life insurance with issue ages from 18-80. When speaking with an agent always speak with your specific security and investment strategy at heart!

Above all, this is in most cases the best-priced term product for seniors over the age 70 especially if in good health compared to other life insurance companies.

Here are some of Foresters Life Insurance Quotes and how they stack up with the competitors.

Your Term Med Level Term

Available on an accelerated underwriting (AUW) or medically underwritten basis


Product Features

  • Wide selection of term periods: T10, T15, T20, T25, T30
  • Level and guaranteed death benefit and premium for the entire initial term
  • Renewable up to age 100
  • Convertible during the conversion period.
  • Face amounts from $100,000 up to $10,000,000 (or higher with underwriting approval)
  • Two premium bands (up to $1,000,000 and $1,000,000+)
  • Multiple underwriting classes, including Preferred Plus, Preferred, Standard, and Substandard

Value-Added Riders with No Additional Premium

  • Accelerated Death Benefit
  • Common Carrier Accidental Death
  • Family Health Benefit

Target Market

  • Individuals who want lower premiums and are able to go through a medically underwritten process.
  • Individuals who are healthy and may qualify for an accelerated underwriting process.
  • Individuals who have a need for higher face amounts than a traditional non-medical product.
  • Individuals that need life insurance coverage to help cover time-specific debts such as a mortgage, student loan, or car loan, or floating debt such as credit card or line of credit.

Get Quote
*Ballpark TERM Quote

Pre-Approved Quote
*Have a Pre-Approved, FULLY SHOPPED TERM RATE emailed to you
100% ACCURATE!

Your Term Non-Med

Foresters Your Term offers a non-medical (non-med) term life insurance plan that’s easy to understand and apply for.

This means you can get life insurance without going through medical exams or providing blood and urine samples. It’s a great choice if you’re not comfortable with medical tests or if you need insurance quickly.

Your Term Non-Med Product Features

Wide Selection of Term Periods: T10, T15, T20, T25, T30

Guaranteed Benefits: Level and guaranteed death benefit and premium for the entire initial term

Face Amounts: $50,000 to $400,000

Conversion: Convertible during the conversion period without additional evidence of insurability.

Medical Requirements: No paramedical exam or lab requirements

Underwriting: Non-medical standard non-tobacco and standard tobacco underwriting

Definitions:

  • Non-Tobacco: No use of any product containing nicotine within the past 12 months
  • Tobacco: Use of any product containing nicotine within the past 12 months


Issue Ages & Face Amount Limits:

  • Ages 18 to 55: Maximum face amount limit is $400,000
  • Ages 56+: Maximum face amount limit is $150,000

Value-Added Riders with No Additional Premium:

  • Accelerated Death Benefit
  • Common Carrier Accidental Death
  • Family Health Benefit

Target Market:

  • Non-medical standard non-tobacco and standard tobacco underwriting
  • Individuals who have a need for higher face amounts than a traditional non-medical product
  • Individuals needing life insurance to cover time-specific debts such as a mortgage, student loan, car loan, or floating debt such as credit cards or a line of credit

How does Foresters Non-Med Rates Stack up Against Their Peers

Below are rates for Foresters Your Term Non-Med versus other industry leading non-med term products. Clearly, Your Term is the leader with others a distant second.

Male Rates – T20, $250K, Male, Non-Tobacco
Carrier/Product Age 30 Age 40 Age 50
Foresters Your Term Non-Med $42.66 $67.16 $135.19
American-Amicable Easy Term $62.28 $82.72 $178.60
American-Amicable Home Protector $46.20 $81.18 $171.60
American-Amicable Term Made Simple $52.65 $73.58 $161.10
Americo Home Mortgage Series 100 $47.74 $83.60 $176.46
Americo Home Mortgage Series 125 $53.68 $94.76 $201.16
Guarantee Trust GTL Turbo Term (Std Express) $45.65 $77.11 $157.56
John Hancock Simple Term Instant Issue (Std) $61.34 $93.62 $217.24
Mutual of Omaha Term Life Express $47.62 $87.00 $190.24

Female Rates – T20, $250K, Female, Non-Tobacco
Carrier/Product Age 30 Age 40 Age 50
Foresters Your Term Non-Med $33.69 $56.22 $124.47
American-Amicable Easy Term $55.23 $70.50 $122.67
American-Amicable Home Protector $46.20 $81.18 $171.60
American-Amicable Term Made Simple $46.35 $62.78 $110.70
Americo Home Mortgage Series 100 $47.74 $83.60 $176.46
Americo Home Mortgage Series 125 $53.68 $94.76 $201.16
Guarantee Trust GTL Turbo Term (Std Express) $30.94 $61.43 $135.25
John Hancock Simple Term Instant Issue (Std) $45.92 $82.44 $184.74
Mutual of Omaha Term Life Express $45.17 $82.10 $179.34

Key Features of the Plan

  • Term Lengths: You can choose how long you want your coverage for – 10, 15, 20, 25, or 30 years.
  • Guaranteed Benefits: The amount of money your family receives (death benefit) and your payments (premiums) stay the same throughout the term you choose.
  • Renewable and Convertible: You can renew your policy until you’re 95 years old, and you can change it to a permanent plan during certain times.

No Medical Exams Needed

One of the best parts? You don’t need to go through a medical exam to qualify. This speeds up the process and makes it less stressful.

Special Cases Covered

  • Diabetes: If you have diabetes, you might still qualify. It depends on things like your age, how long you’ve had diabetes, your A1C levels, and your overall health.
  • Mild COPD: If you’re a non-smoker with mild COPD and can climb stairs without much trouble, you could still be eligible.
Get Quote
*Ballpark TERM Quote

Pre-Approved Quote
*Have a Pre-Approved, FULLY SHOPPED TERM RATE emailed to you
100% ACCURATE!

Strong Foundation non-med

In some cases, Foresters Strong Foundation is a game changer for those that use of cigars, pipes, chewing tobacco, nicotine patches, vape pens, marijuana and other substitutes as they all fall under Strong Foundation non-med level term life insurance non-tobacco definition.

Strong Foundation Non-Med Highlights

Non-Medical Means: No routine parameds, no APS, and no fluids.


Product Features

  • Wide selection of term periods: T10, T15, T20, T25, T30
  • Level and guaranteed death benefit and premium for the entire initial term
  • Renewable up to age 95
  • Convertible during the conversion period.
  • Use of cigars, pipes, chewing tobacco, nicotine patches, vape pens, marijuana, and other substitutes fall under the non-tobacco definition.
  • Non-med substandard up to table 12 available for people living with diabetes. Individual consideration based on A1C, age, duration, and build with no diabetic complications.
  • For consideration of build and diabetes, refer to the Strong Foundation Diabetes Ratings Calculator.
  • Mild COPD defined as:
    • Non-smoker
    • No oxygen use
    • No steroids or serious COPD medications
    • Little to no shortness of breath (SOB) on exertion
    • Able to climb at least one flight of stairs with little to no SOB

Issue Ages & Face Amount Limits:

  • Ages 18 to 55: Maximum standard face amount limit is $500,000
  • Ages 56+: Maximum standard face amount limit is $250,000

Value-Added Riders with No Additional Premium:

  • Accelerated Death Benefit
  • Common Carrier Accidental Death
  • Family Health Benefit

Target Market:

  • Individuals who prefer not having to take a medical exam or are uncomfortable with a paramedic home visit, or don’t like giving fluid samples.
  • Individuals needing life insurance coverage to help cover time-specific debts such as a mortgage, student loan, car loan, or floating debt such as credit cards or a line of credit.

How Does Strong Foundation Rates Stack Up

Female, Age 45, Vape Pen User, $100K
Carrier/Product 15-Year 20-Year 30-Year
American-Amicable Home Protector (Tobacco Rate) $77.70 $97.42 $132.18
Americo Home Mortgage Series 125 (Tobacco Rate) $90.73 $113.91 $154.85
Foresters Strong Foundation (Non-Tobacco Rate) $36.93 $41.39 $61.43
Mutual of Omaha Term Life Express (Tobacco Rate) $87.58 $99.68 $127.00

Foresters Rank (Out of 4):

15-Year 20-Year 30-Year
1 1 1

Male, Age 45, Regular Cigar Smoker, $100K
Carrier/Product 15-Year 20-Year 30-Year
American-Amicable Home Protector (Tobacco Rate) $77.70 $97.42 $132.18
Americo Home Mortgage Series 125 (Tobacco Rate) $90.73 $113.91 $154.85
Foresters Strong Foundation (Non-Tobacco Rate) $39.20 $44.89 $69.04
Mutual of Omaha Term Life Express (Tobacco Rate) $90.60 $106.27 $144.27

Foresters Rank (Out of 4):

15-Year 20-Year 30-Year
1 1 1

Get Quote
*Ballpark TERM Quote

Pre-Approved Quote
*Have a Pre-Approved, FULLY SHOPPED TERM RATE emailed to you
100% ACCURATE!

Strong Foundation Diabetes Ratings Calculator

Use this calculator to determine eligibility for Strong Foundation non-med for your clients living with Type 1 or Type 2 diabetes.

LAUNCH CALCULATOR

Foresters Advantage Plus II

Advantage Plus II is participating whole life insurance focused on overall well-being. With a generally tax-free death benefit, tax-deferred cash value growth and tax-advantaged distributions, you can help your clients meet their needs today and in the future.

Here are some Key Highlights of the Advantage Plus Participating Whole Life Insurance

Advantage Plus II Highlights

    Three distinct underwriting paths:

    • A non-medical process with up to $400k for ages 16-55 ($150k for ages 56-75).
    • A medically underwritten process with an accelerated underwriting option offering a cap of $1,000,000 (ages 18-55).
    • A traditional medically underwritten process with no maximum face amount limit (ages 0-85).

    Coverage and Cash Values

    • Guaranteed death benefit amount and cash values.
    • 10- and 20-year Term riders for additional low-cost coverage.
    • Potential for dividends to grow cash value.
    • Paid-Up Additions Rider provides additional coverage and cash value with underwriting limits of $200,000 for annual payments and $2,000,000 lifetime.

    Charity Benefit Provision

    Foresters will pay3 the eligible designated charitable organization in the name of the insured. The maximum payment under this provision is $100,000. The designated charitable organization must be an accredited 501(c)(3) organization under the Internal Revenue Code and eligible to receive charitable contributions as defined in section 170(c) of that code. Automatically included in the contract with no additional premium.


    Value-Added Riders with No Additional Premium

    • Accelerated Death Benefit Rider4
    • Common Carrier Accidental Death Rider
    • Family Health Benefit Rider

Foresters PlanRight Whole Life 

The PlanRight Whole Life is Foresters final expense product. PlanRight is a level, guaranteed premium whole life that can take care of the final expenses. This product is perfect for those lower income/fixed income individuals ages 50-85!

Foresters PlanRight Whole Life Insurance
Feature Details
Plan Options PlanRight Preferred (Level Benefit)
PlanRight Standard (Level Benefit)
PlanRight Basic (Graded Benefit)
Issue Ages Based on underwriting and plan selection.
Face Amounts Preferred: Up to $35,000
Standard: Up to $20,000
Basic: Up to $15,000
Death Benefit Level Benefit (Preferred & Standard): Full payout immediately.
Graded Benefit (Basic): Return of premiums + 10% interest in first 2 years, full payout after.
Guaranteed Features Guaranteed level premiums, death benefit, and cash value accumulation.
Included Riders Accelerated Death Benefit (Terminal Illness)
Common Carrier Accidental Death Rider
Family Health Benefit Rider
Optional Rider Accidental Death Rider (Available with PlanRight Preferred)
Underwriting No medical exam required, based on answers to health questions.
State Availability Not available in OR, SC, or VA.

Get Quote
*Ballpark Quote

Pre-Approved Quote
*Have a Pre-Approved, FULLY SHOPPED rate emailed to you
100% ACCURATE!

Foresters SMART UL

SMART UL is designed with a robust set of features to be a more complete insurance solution that aligns with changing consumer needs.

SMART UL Product Highlights

Interest Rates

  • Competitive non-guaranteed interest rate of 4.55%4
  • Guaranteed interest rate of 2.0%
  • Lower loan interest rates:
    • Certificate years 1-7 loan interest rate is 4.0%
    • Preferred loan interest rate is 2.0% after the 7th certificate anniversary
    • Collateral loan interest account crediting rate is 2.0%

Premiums

  • 10-Year Minimum Premium No-Lapse Guarantee5
  • Low minimum modal premiums

Guaranteed Purchase Option Rider (GPO)

  • GPO maximum face amount increased from $30,000 to $50,000

Charity Benefit Provision

Foresters will pay the eligible designated charitable organization in the name of the insured. The maximum payment under this provision is $100,000. The designated charitable organization must be an accredited 501(c)(3) organization under the Internal Revenue Code and eligible to receive charitable contributions as defined in section 170(c) of that code. Automatically included in the contract with no additional monthly deductions.


Juvenile Coverage

  • Minimum face amount for issue ages 0-15 reduced from $150,000 to $50,000 for medical cases
  • Juvenile underwriting class now goes to age 17

Can I Add Riders to my Policy? – Customize Your Coverage with Foresters

Yes, as a matter of fact, Foresters includes up to three riders with your base coverage!  No additional cost or premium!

  • Accelerated Death Benefit Rider ~ you may accelerate a portion of your death benefit if insure is diagnosed with a terminal illness (critical or chronic).
  • Common Carrier Accidental Death Benefit Rider ~ will provide an additional benefit due to an accident as a “fare- paying ” passenger such as a plane or bus.
  • Family Health Benefit Rider ~ helps cover health expenses including ambulance rides as a result of a natural disaster such as hurricanes or earthquakes. Also, there is a fraternal benefit society approved to carry out services.

What if I already have a policy with Foresters, am I paying too much? – Policy Review Time

Life changes over the years.  All too often when we put a policy in place. We forget about it. As your family grows or you buy a home, or even your children are older. You may be paying too much for the policy you originally purchased. In fact, you may be overpaying by up to 20%. That is a lot of $$$ that belongs back into your pocket. These are some of the reasons you should consider calling Danny Ray, at  PinnacleQuote Life Insurance Specialists. 

Reasons for policy Reviews:

  • New home
  • Change in health
  • Financial status
  • New home
  • Married recently or Divorced
  • New baby
  • Decrease or add the number of your dependents
  • Change from term/whole or vise versa

During your policy review, your agent will ask you some questions.  Such as:

  • Health and lifestyle questions
  • Type of policy you currently own
  • Amount of coverage on that policy
  • Beneficiary information
  • Do you have riders
  • Medical history

Member Benefits

As a fraternal benefit society, Foresters extends unique member benefits beyond standard policy features:

  • Financial Counseling: Access to professional financial advice.
  • Legal Services: Assistance with creating wills and other legal documents.
  • Scholarships: Opportunities for academic scholarships for members and their families.
  • Community Grants: Support for community volunteer initiatives.

These benefits aim to enhance the overall well-being of members and their communities.

Get Quote
*Ballpark TERM Quote

Pre-Approved Quote
*Have a Pre-Approved, FULLY SHOPPED TERM RATE emailed to you
100% ACCURATE!

Customer Satisfaction and Complaints

While Foresters offers a variety of policies and member benefits, it’s important to consider customer feedback:

  • Complaints: The company has received more consumer complaints than expected for a company of its size, according to data from the National Association of Insurance Commissioners (NAIC).
  • BBB Accreditation: Foresters Financial is not accredited by the Better Business Bureau (BBB), though it holds an A+ rating.

Prospective policyholders should weigh these factors when considering Foresters as their life insurance provider.

FAQs

Is Foresters a good life insurance company?

Foresters Financial maintains strong financial ratings and offers a variety of life insurance products with unique member benefits. However, it has received more consumer complaints than expected for a company of its size. It’s advisable to assess your individual needs and consider customer feedback when making a decision.

What is Foresters Financial’s rating?

As of September 6, 2024, A.M. Best Company affirmed Foresters’ Financial Strength Rating of “A” (Excellent), indicating a strong ability to meet policyholder obligations.

How long does it take to receive funds from Foresters?

The time frame for receiving funds from a life insurance claim can vary based on individual circumstances and the completeness of the submitted documentation. It’s recommended to contact Foresters’ customer service for specific information regarding claim processing times.

What is Unique About Foresters’ Approach to Life Insurance?

In addition to traditional insurance benefits, Foresters offers unique member benefits, including community grants, legal counsel services, and scholarships.

How Does Foresters’ Term Life Insurance Work?

Their term life insurance offers coverage for a specified period, typically 10, 20, or 30 years, providing a death benefit if the insured dies during the term.

What Features Does Foresters’ Whole Life Insurance Include?

Foresters’ whole life insurance provides lifelong coverage, fixed premiums, and a cash value component that grows over time.

Can You Customize Foresters Life Insurance Policies?

Yes, Foresters offers various riders to customize policies, such as critical illness riders, disability income riders, and child term riders.

What Are the Member Benefits Offered by Foresters?

Member benefits include community involvement opportunities, financial counseling, legal services, and educational scholarships for members and their families.

How Does Foresters’ Universal Life Insurance Differ from Other Policies?

Foresters’ universal life insurance offers flexible premiums and death benefits, along with a savings element that accumulates cash value.

Is a Medical Exam Required for Foresters Life Insurance?

The requirement for a medical exam depends on the policy, age, coverage amount, and health of the applicant. Some policies might offer simplified underwriting.

How Does Foresters Financial Stand in Terms of Financial Stability?

Foresters Financial is typically well-rated by insurance rating agencies, indicating a strong capacity to meet ongoing insurance obligations.

What Should You Consider Before Buying a Policy with Foresters?

Evaluate your insurance needs, consider the unique member benefits, compare policy features and costs, and consider consulting with a financial advisor.

How Do You File a Claim with Foresters Life Insurance?

Claims can be filed by contacting Foresters’ customer service. They require documentation, including a death certificate and claim forms.

Related Articles

Conclusion

Foresters is a company that has been in business for over 150 years. Foresters Life Insurance offers a range of policy options and unique member benefits backed by solid financial strength.

Potential customers should carefully consider both the advantages and reported customer experiences to determine if Foresters aligns with their life insurance needs.


Get Quote
*Ballpark TERM Quote

Pre-Approved Quote
*Have a Pre-Approved, FULLY SHOPPED TERM RATE emailed to you
100% ACCURATE!

More Life Insurance Resources