Today Foresters Financial™ is launching our new and improved Advantage Plus¹ participating whole life insurance.
We’ve added valuable features to give you a greater advantage in today’s competitive marketplace.
New Charity Benefit provision
When a life insurance benefit claim is paid, Foresters will pay² an additional 1% of the basic insurance amount to a registered charity designated by the owner. This contractual provision is automatically included at no additional premium and does not impact the death benefit.
PLUS the new Advantage Plus offers your clients even more:
- A new 10-pay option and Additional Purchase Option rider
- Repriced to maintain competitive premiums and tax-favoured status
- More competitively priced term riders
- Increased maximum for Guaranteed Insurability Rider
And in addition to competitive rates and flexible product features, insureds will be eligible to enjoy the valuable benefits of Foresters membership.³
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| For Advisor use Only. Not for use with the public. 415919A CAN (12/17) 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 The Independent Order of Foresters. ²Foresters 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 registered as a charity with the Canada Revenue Agency. The Charity Benefit will only be paid if an eligible beneficiary for the benefit has been designated, prior to, and is in effect on, the date of the death of the insured. ³Foresters Financial member benefits are non-contractual, subject to benefit specific eligibility requirements, definitions and limitations and may be changed or cancelled without notice. |
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