What about Foresters Financial insurance? Foresters Foresters Insurance Company Credit Evaluation and Product Introduction

Foresters Financial Financial Insurance Group

Foresters Financial Insurance Company was founded in 1847 and has a history of nearly 150 years. Foresters is headquartered in Toronto, Canada. The company provides life insurance, financial investment and other financial services to residents of the United Kingdom, the United States and Canada.

In the industry, Foresters' products are more friendly to the retired people (the middle-aged and elderly market, usually 50-85 years old), and are also one of the top insurance companies in the North American "dying expenses" insurance market.

Next, we will help consumers have a comprehensive understanding of Foresters Life Insurance Company.The insurance company brand we choose, the amount of insurance we pay and the quality of planning we harvest are closely related.Now let’s see if Foresters Life Insurance Company is an excellent choice for us.

Organization introduction of Foresters

Foresters Financial is a fraternal benefit society (fraternal benefit society) organization located in Canada. The earliest period was to provide members with various services of mutual assistance and cooperation. It has a history of nearly 150 years.

In 1962, Foresters established Foresters Life Insurance and Annuity Insurance Company ("FLIAC") in New York, USA, and began to provide services to American residents.According to public data, Foresters Insurance's American company has 11 policyholders across the United States, the amount of the policy in execution is $2000 billion, and it manages $119 billion in assets.

At the end of 2019, Foresters’ parent company sold its U.S. business to Nassau Financial Group.Officially withdrew from the US market.

Foresters' credit and financial ratings

Credit rating is an important indicator of the solvency of a life insurance company and can predict its ability to fulfill its financial obligations. Foresters does not have S&P, Moody's and Fitch ratings, but AM Best, which focuses on insurance credit ratings, gave Foresters an "A" rating.

In 2020, Foresters Financial reported total assets of $139 billion and a surplus of $16 billion. Foresters’ reputation, performance and credit rating indicate that the company’s financial status is sound. (Click to viewCompany financial report）

(>>>Recommended reading:What do the letters of the company's credit rating mean?How to interpret the company's credit rating?)

List of Foresters Life Insurance Products

Foresters' life insurance product line is very simple:

• Term / term life insurance
• Whole Life / Savings and Dividend Insurance
• Universal Life / Traditional Universal Insurance

Forester's core product is savings and dividend insurance. The products currently available on the US market include:

• Advantage Plus II Whole Life 20 Pay
• Advantage Plus II Whole Life Paid-Up at Age100

These two products provide New York residents and residents of other states in the United States with new options for insuring savings and dividend-type whole life insurance. The highlight of the product is to provide comprehensivePre-mortem benefit claims,includeMajor diseases.Chronic disease和End-stage illness claims.

Official website: https://foresters.com/

Foresters Financial is a brotherly welfare mutual aid organization headquartered in Toronto, Ontario, Canada, providing life insurance and other financial solutions in Canada, the United Kingdom and the United States.

Headquarters: Toronto, Canada
CEO:  James R. Boyle (Jan 2018–)
Founded: 1874
Life Insurance Customer Service Phone: 1 800 828 1540

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