When you buy a product through ForestersTM you become a member. Membership gives you access to a variety of Member Benefits. These Member Benefits go beyond life insurance or financial services: they're really about taking care of each other in times of need. These added benefits provide more security for your family and can offer wonderful value.
Member Benefits packages vary depending on the type of product you purchase and when you became a member as Member Benefits change and evolve over time as well.
Foresters retains full authority to administer and change the Member Benefits at its sole discretion. These benefits may be amended, changed, cancelled, in whole or in part, or eliminated at any time with or without notice, at the sole discretion of Foresters.
The following are some of the Member Benefits available to eligible members:
Critical Illness Member Benefit If you are diagnosed with certain critical illnesses, such as life threatening cancer, a heart attack, a stroke, or multiple sclerosis, you may be eligible to receive a financial grant of $4,000. This benefit could ease your family's financial hardship or help pay for unexpected medical expenses at this time. Learn more about this benefit.
Competitive Scholarship Member Benefit The Foresters Scholarship Program1 offers 350 scholarships worth up to $8,000, for which students of any age may apply with grades from 65% (Canada) or 2.5 (US). Foresters may also reward two applicants who have demonstrated exceptional leadership and extraordinary effort and ability to overcome adversity with the Ken Peterson scholarship for Community Leadership. Learn more about these benefits.
Young Family Member Benefit Ensuring your children are taken care of is one of your most important concerns. This benefit pays $300 per month per child to the legal guardian for children under 18 years of age in the event of the death of both parents. Learn more about this benefit.
Terminal Illness Member Benefit An interest-free loan is provided for any insured individual in the benefit member’s family who becomes terminally ill. The total loan can be up to 75% of the Net Face Amount of the Foresters life insurance you own and the loan will be repaid from the insurance proceeds payable upon the insured's death. Learn more about this benefit.
1Foresters Scholarship Program is a competition for scholarships, of $2,000 per year, for up to 4 years, open to eligible applicants meeting the eligibility requirements. Scholarship recipients will be selected from the completed applications submitted before the deadline date. This program is administered by the Association of Universities and Colleges of Canada.
Foresters Sales Agents do not give legal, tax, or estate planning advice. The information given here reflects our understanding of current laws and regulations. Prospective clients should contact their own legal, tax or estate planning advisor(s) on their specific situations. Product information is based on the general version except where state variations may apply.
ForestersTM is a trademark of The Independent Order of Foresters, a fraternal benefit society, Toronto, Canada, M3C 1T9.
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