The Foresters Life Insurance Pros and Cons in the USA


  • Long list of riders.
  • Fraternal benefits for policyholders.
  • Offers no-exam life insurance for type 2 diabetics.


  • No online application process.
  • Accepts mail-in claims only

Foresters life insurance policies

Foresters offers a range of term and permanent life insurance policies through its network of agents across the country. You’ll need to contact one directly to apply for or buy coverage.

Term life insurance. The Your Term Level Term policy is open to people ages 18 to 80 in all states. You can choose a 10-, 15-, 20-, 25- or 30-year term and purchase $50,000 to $10 million in coverage. If you want to upgrade to a permanent policy, you can convert coverage until five years before it’s set to expire or until you’re 65 — whichever comes first.

Whole life insurance. Foresters has three whole life insurance policies to suit different needs:

  • PlanRight Whole Life Insurance is open to people ages 50 to 85 and offers $5,000 to $35,000 of coverage to help pay for end-of-life and post-life expenses. Available in all states.
  • Advantage Plus II Whole Life is a standard whole life policy that covers people ages 0 to 85 and accumulates cash value over time. This policy is available in all states. You can purchase a policy worth up to $10 million, and you might earn annual dividends based on the company’s financial performance. While these aren’t guaranteed, Foresters Financial announced in 2023 that it would pay out approximately $23 million to policyholders.
  • BrightFuture Children’s Whole Life is designed to protect children ages 0 to 17, though it’s not available in California, New York or Washington. You can buy $5,000 to $75,000 in coverage, which accrues cash value over time. As the owner of the policy, you may transfer the policy to the child in the future, and thanks to the built-in guaranteed insurability rider, the child can boost the coverage amount later without taking a medical exam.

Universal life insurance. If you want the flexibility to adjust your premiums and death benefit, SMART Universal Life Insurance might fit the bill. It’s available to people ages 0 to 85 in all states, and you can purchase $10,000 to $10 million in coverage depending on your age.

Accidental death insurance. Foresters also offers an accidental death policy to applicants ages 18 to 70. The Prepared II Accidental Death Term pays out if you die in an accident and can cover you until you’re 80.

Most of Foresters’ policies include a charity benefit provision. This means that for each claim, the insurer will pay an additional 1% of the value of the policy — up to a maximum of $100,000 — to a charity of the policyholder’s choice.

Foresters Life Insurance is a prominent player in the insurance industry, offering a variety of policies tailored to meet the needs of individuals and families across the United States. As with any financial product, there are distinct advantages and drawbacks associated with Foresters Life Insurance policies that consumers should carefully consider before making a decision.

Pros of Foresters Life Insurance:

1. Financial Security:

Foresters Life Insurance provides a sense of financial security for policyholders and their loved ones. In the event of the policyholder’s death, beneficiaries receive a lump-sum payment, helping to cover funeral expenses, outstanding debts, and ongoing living expenses.

2. Flexible Policy Options:

Foresters offers a range of life insurance products, including term life, whole life, and universal life insurance. This variety allows consumers to choose a policy that aligns with their financial goals and budgetary constraints. Additionally, some policies offer flexible premium payments and the option to adjust coverage levels as circumstances change.

3. Member Benefits:

One unique aspect of Foresters Life Insurance is its focus on member benefits. Policyholders become members of the Foresters Financial family, gaining access to various benefits such as competitive scholarships, community grants, and financial counseling services. These perks extend beyond traditional insurance offerings, adding value to the overall customer experience.

4. Strong Financial Stability:

Foresters Financial boasts a strong financial standing, which is crucial when selecting an insurance provider. With a solid track record of financial stability and a commitment to serving its members, Foresters instills confidence in policyholders that their claims will be paid promptly and reliably.

Cons of Foresters Life Insurance:

1. Cost:

While Foresters Life Insurance offers valuable benefits, the cost of premiums may be higher compared to some competitors. Especially for individuals with pre-existing health conditions or older applicants, premiums can be relatively steep, potentially straining the household budget.

2. Underwriting Requirements:

Foresters’ underwriting process may be stringent, particularly for certain policy types or coverage amounts. Applicants with adverse health histories or high-risk occupations may encounter challenges in securing affordable coverage or may be subject to exclusions or limitations within their policies.

3. Limited Coverage Options:

While Foresters offers a variety of life insurance products, some consumers may find the selection of policies somewhat limited compared to larger insurers. This could restrict options for individuals seeking highly specialized or customizable coverage solutions.

4. Membership Restrictions:

To access certain benefits and services offered by Foresters, individuals must meet specific membership criteria. While becoming a member can be advantageous, some consumers may find eligibility requirements restrictive or may not fully utilize available benefits.

More about Foresters Financial

Since Foresters is a fraternal organization, all policyholders are eligible for member benefits. These include financial counseling, discounted legal services and deals on a range of items from gift cards and electronics to hotels and rental cars. Policyholders can also access the Foresters Go wellness app and apply for academic scholarships and community grants.

You automatically become a member when your life insurance policy goes into effect, as long as you’re at least 18 years old. To access member benefits, you’ll need to create an account at

Foresters Life Insurance presents a compelling option for individuals and families seeking reliable financial protection and member benefits. With a diverse range of policy options and a commitment to financial stability, Foresters has established itself as a reputable insurer in the United States.

However, prospective policyholders should carefully weigh the pros and cons outlined above to determine whether Foresters Life Insurance aligns with their needs and preferences. By conducting thorough research and exploring alternative insurance providers, consumers can make informed decisions to safeguard their financial future.

In summary, while Foresters Life Insurance offers numerous benefits, including financial security and member perks, potential drawbacks such as higher costs and limited coverage options underscore the importance of thoughtful consideration when selecting an insurance provider.


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