Foresters Life Insurance Reviews for 2018: Best Plans and Policies

review of Foresters life insurance

Review of Foresters Financial Life Insurance Company

If you are looking for Foresters life insurance reviews then you have come to the right place. Foresters is one of dozens of life insurance carriers that TermLife2Go represents. The company is currently in our list of the top ten best life insurance companies in the US and our top ten no physical exam life insurance companies list.

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Obviously, we think highly of Foresters. However, with so many companies at our fingertips we only recommend Foresters in certain situations. Give us a call today for a free consultation to see what company would be the right fit for you.

Notice: We are not Foresters. If you need to contact Foresters, please call or email Foresters: Toll-free: 1 800 828 1540; E-mail:; or visit the company at

In the following review we will cover the positives, negatives and alternatives to Foresters Life Insurance Company. Included will be a review of the Company’s rating, products offered, and unique niches filled. Is Foresters the right company for you? Maybe, maybe not.

The Positives

Foresters makes the claim that they are an international financial services provider with a purpose to champion the well-being of families. Scan the internet and you may find some negative reviews of Foresters Life Insurance Company. However, the overall theme is that most clients are more than happy with Foresters.

From the website:

More than a life insurance provider, Foresters is a fraternal benefit society which means we’re a member-governed organization with no shareholders.

What the company is attempting to get across is this: it is the customers, not the shareholders, that Foresters works for.

Foresters A.M. Best Rating

As you may have read in other Foresters Life Insurance reviews, the company is rated “A”, excellent, by A.M. Best,  the premier rating agency for life insurance companies. Foresters has received this rating from A.M. Best for the last 17 years and was last affirmed September 2017. This means that the company’s financial strength is excellent and it has the ability to meet ongoing financial obligations. You can have peace of mind and sleep easy knowing your life insurance company is on solid financial footing.

Favorable Underwriting for “High Risk” clients

We recently had a client get approved for a Foresters life insurance policy. The client was considered a “high risk” and was having a difficult time finding cheap life insurance. He had a stent placed in 2010, was currently receiving SSI Disability benefits, and was taking Plavix, a blood thinner that most life insurance companies shy away from. But not Foresters—the company gave him a great deal on life insurance.

Life Insurance Policies Offered by Foresters

foresters life insuranceForesters offers term life insurance, whole life insurance, universal life insurance, final expense insurance, and accidental death insurance. The company’s product line will have something for just about everyone out there interested in getting insurance to protect the one’s they love.

Before you make the very important decision on what policy to get it is important to have an idea of the differences between term life insurance vs whole life. Term life is less expensive (at least initially) and so most people choose it. However, without understanding the different life insurance policies and how they fit into your overall financial plan you could make a mistake that will stick with you for the rest of your life.

Advantage Plus Whole Life

Forester’s has one of the best dividend paying whole life insurance policies in the market due to its unique features, including its accelerated underwriting (i.e. no exam).

Annual dividends can be used to:
Available life insurance riders:
  • Children’s term rider: available face amounts $10,000-$25,000, covers the life of each child for one set price.
  • Waiver of premium rider: premium is waived for the life of the policy if total disability occurs before age 60.
  • Guaranteed insurability rider: provides the ability to buy more life insurance with no proof of insurability on specific ages 25, 28, 31, 34, 37 and 40 or alternatively, on special occasions such as marriage, the birth of a child or adoption. This is a great rider if you are considering life insurance for children or young adults.
  • Paid up additions: Allows you to purchase additional paid up insurance either as a single premium or on a flexible premium payment.
  • 10 or 20 year term rider: Supplement your death benefit while your policy is building cash value with term coverage.

 Compare Term Life vs Whole Life Insurance Quotes

PlanRight Life Insurance

Probably one of the more popular products offered by Foresters is the company’s final expense policy: PlanRight Whole Life Insurance. This product is a permanent whole life policy that has a guaranteed level premium. It has a lower premium than other final expense policies. This is one of the best final expense insurance companies available. However, there are health questions and requirements that must be met. Therefore the product is not for everyone. The product comes in three flavors: Fixed, graded, and modified.

Fixed Death Benefit: the death benefit is 100% of the face value from the start.

Graded Death Benefit: there is a limited death benefit the first two years. You will receive the greater of the sum of the total premium paid accumulated with 4.5% interest or 30% of the face amount in effect for the first year and 70% in effect on the second year. After the first two years the death benefit is 100%.

Modified Death Benefit: limited death benefit the first two years based on return of premium paid plus 10%. After the first two years the death benefit is 100%. This type of modified death benefit is normally associated with burial insurance policies.

Your Term Non Medical

New as of April 22, 2017, Forester’s Your Term policy is non medical level term life insurance. A few of Your Term policy features include:

  • 10, 15, 20, 25 and 30 year terms
  • Ages 18 – 80
  • Face amounts up to $400,000
  • Convertible term life insurance
  • Accelerated death benefit rider
  • Common carrier accidental death benefit rider

Charity Benefit Provision: for no additional cost, the charity benefit pays an additional 1% of the face amount to a designated registered charitable organization.

Additional Your Term life insurance riders:

  • Waiver of Premium Rider
  • Disability Income Rider (Accident Only)
  • Disability Income Rider (Accident & Sickness)
  • Accidental Death Rider
  • Children’s Term Life Insurance Rider
LifeFirst Non Medical

(being replaced by YourTerm on April 22, 2017)

Up to $250,000 in coverage available up to age 50. Fully underwritten policies are also available for larger face amounts.

Smart UL Non Medical

Up to $250,000 in coverage available up to age 55. Policies available up to age 70 with face amounts up to $150,000.

Interest Sensitive Whole Life

Foresters uses a different vocabulary when talking about the benefits of cash value life insurance. Foresters refers to the cash value as “accumulation value.”Either way you slice it, Foresters Interest Sensitive Whole Life is a great insurance policy for those who see the benefits of having long term protection that builds cash value.

Foresters Life Insurance Rates

Please enter your info into our quote engine for Foresters life insurance quotes, as well as quotes from dozens of other carriers.


The reality is, this Foresters Life Insurance Review does not have a lot to say negative against this company. Foresters fills a unique niche and they might be the perfect company for you. Then again…

Foresters is but one company of many available

When applying for life insurance it is important to have options. Foresters is one option of many. For example, Foresters is not our go to choice for diabetic life insurance. That is why when buying life insurance you should always consider your alternatives.


Consumers seeking Foresters life insurance reviews generally are looking to make sure they are considering all of their options. The truth is Foresters is not a bad choice. However, there is no perfect life insurance company. Each company has its unique niche that it tries to fill. Choosing Foresters without seeing what other companies are available would not be wise. Therefore, it is always good to shop around for the lowest whole and term life insurance rates specific to you and your unique health profile. That is where TermLife2Go comes in.

About TermLife2Go

TermLife2go is an agency that works with dozens of top rated companies, see our list of life insurance companies. Our #1 priority is to find you the best company at the best price…for you! That means we tailor a policy specifically to you because no two clients are alike. Let us leverage our expertise for you and see if we can’t save you thousands of dollars on life insurance.

We do not favor one life insurance company over another. Instead, we find out what you need and then we recommend the lowest priced, best life insurance company to meet your specific need. Therefore, if price matters to you, give us a chance to earn your business. We are here to serve you!

So, what are you waiting for?  Give us a call today or visit our Instant Life Insurance Quotes page and see what we can do for you!

If you enjoyed our article, Foresters Life Insurance Reviews, and/or have any questions, please leave a comment below.

24 comments... add one
    • TermLife2Go

      Hi Lisa,

      We’d be happy to help you find the right life insurance policy. You can either fill out our get a quote form or call us at 888-234-8376.

      Thank you.

  1. Sherri L H

    I would like a REPUTABLE insurance company who would cover whole life with a pre existing back injury…so no medical age 62 at at least 100k..
    Now as I said REPUTABLE BC my sons are in the insurance business and if they just take my $ without payment…my sons would know how to go after them…I just want to be more covered than what they have on me thru Nationwide…without their knowledge until I literally die

    • TermLife2Go


      We’ll have an agent reach out to you today so that they can go over your options with you.



  2. Donna P.

    I have been asking for month’s now to cancel my life insurance and to stop taking money out of my bank account.And yet your still taking the money out of my account every 4th of the month and my bank has also called on my behalf to stop payment. I have also moved out of state an no longer live in the state of Georgia. I live in Indiana. My phone number is 574-xxx-xxxx.

    • TermLife2Go


      We’re sorry to hear about the issues you are having with Foresters’ billing department. That said however, because we here at TermLife2Go won’t have access to your account, we can only suggest that you try calling Foresters directly at 800-828-1540.



  3. Brandy

    My parent died the end of Sept and had a policy with Forrester and no one has been paid yet! How long does it take typically to pay out?

    • TermLife2Go


      Normally, payout for a life insurance policy takes about 30 to 60 days. You are probably right in that window. You may want to follow up with Foresters and inquire into how much longer it will be. You can get contact info for Foresters by going to the Company’s customer care page.



  4. Kirsty

    I lost my mother 2 years after losing my father. After my dad left us very minimal my mother joined foresters for extra insurance. It was AFTER this that she was diagnosed with acute lukemia and passed away rather quickly after. Trying to get this claim which she paid money into has been a nightmare and we gave up. Literally every request was impossible. The hospital/healthcare weren’t helpful with getting said papers signed. Her main doctors both retired and we couldn’t get them to fill out papers. Nothing worked. So basically foresters just stole money from my mother. I’m so upset with the immoral structure of foresters overall!

    • TermLife2Go

      Our apologies for your loss and hardship. I am sure that it only compounds the grief of losing a loved one. In no way do we intend to dismiss or diminish your experience but in our own experience we have known Foresters to be a stand up company. In our opinion, the best plan of action would be to not give up and give Foresters another try.

  5. Debbie

    I’m looking for Insurance that would pay for all expenses for my mother when that day comes.
    After reading your Article I am leaning toward term life.
    My mother is 64 and has no pre existing conditions that I am aware of. Please send me information about the process to get coverage.

    • TermLife2Go


      We’d be happy to help you find coverage for your mother, but will need to you give us a call when you have a chance so we can know what information we’ll need to send out to you.



    • TermLife2Go


      No problem, just give us a call at when you have a chance and we’ll do our best to help you out.



  6. Calvin Murray

    my name is Mr. Murray leaving this comment because I’m concerned about policies that I need on my son and daughter. Payment is made from my checking account at access of Louisiana Credit Union here in Lake Charles Louisiana. My phone number is 337-xxx-xxxx..

    • TermLife2Go


      If you already have existing policies for your children with Foresters, you’ll want to give them a call directly at 800-828-1540.

      They should be able to assist you with all of your needs.



  7. Cecilia Vogt

    I don’t know if I am contacting the correct Foresters….the one I am looking for is IOF location Toronto Canada……mailing address PObox 179.
    I would like to have a rep contact me in regarding changing my beneficiaries. Phone 1-630-xxx-xxxx ….. Thank You…. a reply would be appreciated.

    • TermLife2Go


      TermLife2Go is an insurance brokerage which is able to sell many different life insurance products from many different insurance companies. Which means, we help guide people to the right insurance carrier for them.


      Unfortunately we would not have access to your life insurance policy so you’ll actually need to contact Foresters Financial directly. Their US customer care number is 1-800-828-1540, we’re sure they will be able to point you in the right direction with regards to changing beneficiaries on a Canadian life insurance policy.



    • TermLife2Go


      While we offer life insurance policies from Foresters, all payment and policy inquires would need to go to them directly. We here at TermLife2Go simply don’t have access to such information. Foresters Life Insurance can be reached at 800-828-1540.



  8. gloria Flournoy

    I am a member alrady, in which I have my payment comes out through direct deposit, but my May payment was not taken out, and I need to know why, because I do not want to draw from this and make an overdraft. Can somone please look into this and give me a call at 813 404 3737 or email me.

    Gloria D. Flournoy

    • TermLife2Go


      We’re happy to hear that you’ve been approved for a life insurance policy with Foresters life insurance and we’re sure that you’ll be completely satisfied with the decision that you’ve made. That being said, it does not appear as though you applied for life insurance with Foresters through TermLife2Go which is why we’re not able to see what exactly is going on with your policy.

      This shouldn’t be an issue for you since, once a life insurance policy is put into place all payments will generally go directly to the insurance carrier themselves which in this case is why you should contact Foresters life insurance directly at:

      Toll-free: 1 800 828 1540

      You may also give us a call should you have any questions regarding your policy or would like to “double check” to make sure that you are getting the best value for your dollar. Foresters Life Insurance Company is a truly a great insurance company however there are times when they’re aren’t always the best option available. Either way we wish you the best of luck!


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