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PDF version 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
New applications and marketing materials The new Application for life and critical illness insurance has been sent to MGA offices. The item code of the latest version is 105849 CAN (12/17). Click here to download a pdf of the latest version from our advisor portal, Bluesky.
Our updated Advisor Guide has everything you need to know about Advantage Plus.
We also have a wide selection of consumer-facing marketing material to help you build your business.
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| Transition rules Any applications for Advantage Plus signed before December 18, 2017 must be received by Foresters no later than 3 p.m. on December 29, 2017.
Applications for Advantage Plus signed before December 18, 2017, and received by Foresters after December 29, 2017 will not be processed and a new application will be required.
All applications for Advantage Plus signed after December 17, 2017 will receive the new features and pricing whether they are on the current or an old version of the application. We will give sufficient advance notice should we decide to no longer accept older versions of the Application for life and critical illness insurance. |
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Contact your Foresters Director of Sales to learn more about the new Advantage Plus. |
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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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