Skip to content Skip to footer site map

Why consider whole life insurance?

If you’re looking for a lifetime of protection to help your peace of mind, whole life insurance may be the ideal choice for you. Whole life insurance has no fixed term and is designed to cover you for your whole life as long as the premiums are paid on time. Typically, the premium for whole life insurance is guaranteed not to increase for the life of the contract. 

Whole life insurance can be participating, where policyholders may receive dividends, or non-participating, where policyholders do not receive dividends but premiums are generally lower.

Whole life insurance offers stability and long-term financial protection designed to cover your permanent insurance needs such as: 

  • Estate planning
  • Funeral or other final expenses
  • Income for your surviving spouse
  • A financial legacy for your children  
  • Cash value accumulation for expenses during your lifetime

Non-participating whole life insurance

Foresters Financial™ non-participating whole life insurance1 comes with attractive features and guarantees, plus flexible options and add-ons to meet your family’s unique needs. Your policy generally provides a tax-free death benefit2, coverage is guaranteed for life as long as the certificate is in effect and the premiums can’t increase if your health status changes after coverage comes into effect. 

Your policy also accumulates cash value3 that you may borrow against to help fund expenses during your lifetime. Cash value is the amount of money paid to the policy holder if the policy is terminated. As long as you pay your premiums and your policy stays in force, the cash value accumulates year after year starting in year 11. It’s a real asset with real value that can help protect you and your family. 
 
Choose the product that’s right for you

At Foresters Financial, we know that every family is different. That’s why our non-participating whole life insurance has three different product options so you can choose the product that’s most suitable for you and your family. All three options offer lifetime death benefit protection, guaranteed cash values and guaranteed premiums as long as the payments are made on time.

1Underwritten by Foresters Life Insurance Company.

2Proceeds from an insurance certificate paid due to the death of the insured person are generally excludable from the beneficiary’s gross income for income tax purposes. Consult your tax advisor for complete information on your specific situation. Foresters, their representatives and employees, do not give legal or tax advice. The information given here is merely a summary of our understanding of current laws and regulations. Prospective purchasers should consult their tax or legal advisor.  

3Loans or withdrawals reduce the death benefit and cash value.  

4The Expert Medical Opinion Program is provided solely by Advance Medical, Inc., subject to eligibility requirements and limitations and may be changed or cancelled at any time without notice.

414381 CAN (11/16)

Foresters Financial and Foresters are trade names and trademarks of The Independent Order of Foresters (a fraternal benefit society) and its subsidiaries.

Ready to take the next step? Get a quote.