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What is whole life insurance?

Whole life insurance is insurance designed for your whole life. Some whole life insurance products can also build cash value that you may borrow against to pay for things like home renovations or children’s college education. If you choose single premium whole life insurance, it may build cash value even faster since you only pay one premium up-front.  

Participating whole life insurance (or ‘par’ whole life) can generate dividends1. Insurance contracts normally allow these dividends to be taken in cash, applied to reduce premiums, left to increase cash values or applied to buy additional insurance in the form of a paid-up addition (PUA).1

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

1Depending on the product, dividends can be expected but not guaranteed, or not expected.

2Foresters Financial, its employees and life insurance representatives, do not provide, on Foresters behalf, legal, tax or estate advice. The information given here is merely a summary of our understanding of current laws and regulations and is not specific to your situation. Consult a tax or legal advisor regarding estate planning and the taxation of life insurance.

3Each rider is subject to eligibility criteria and state availability

4This rider is not available for certificates issued with a base face amount of less than $20,000. On certificates where the insured’s issue age is higher than 80 or issued as sub-standard, Terminal Illness will be the only eligible illness available. State variations and product limitations may apply. ABR is not available in CA or CT.

5The payment, due to diagnosis of an eligible illness, may be less than the acceleration amount which may be subject to a fee, an actuarial discount amount and other applicable deductions. Payment will decrease certificate values and benefits. Receipt of the accelerated death benefits may affect eligibility for public assistance programs. Receipt of the accelerated death benefits may be taxable.

Foresters Your Legacy and its riders are subject to underwriting approval, limitations, contract terms and conditions, and state availability and variations. Foresters Your Legacy and its riders are filed under the following form numbers listed below, where “XX” represents either “U.S.” or your state’s postal abbreviation, as applicable. Foresters Your Legacy: ICC14-WL-SPREM-XX01 or WL-SPREM-XX01-2014

Accelerated Death Benefit Rider (for Chronic, Critical and Terminal Illness): ICC14-TRAD-ABRCHCRTI-US01 or TRAD-ABRCHCRTI-XX01-2014 or TRAD-ABRCHCRTI-NY01-2015
Accelerated Death Benefit Rider (for Critical and Terminal Illness): ICC14-TRAD-ABRCRTI-US01 or TRAD-ABRCRTI-XX01-2014 or TRAD-ABRCRTI-NY01-2015
Accelerated Death Benefit Rider (for Terminal Illness): ICC14-TRAD-ABRTI-US01 or TRAD-ABRTI-XX01-2014 or TRADABRTI-NY01-2015

Common Carrier Accidental Death Rider: ICC11-WL-CCADR-US01 or WL-CCADR-XX01-2011 Family Health Benefit Rider: WL-FHB-XX01-2011

This product is a life insurance certificate that accelerates the death benefit on account of chronic illness and is not a health insurance certificate providing long term care insurance subject to the minimum requirements of New York Law, does not qualify for the New York State Long Term Care Partnership Program and is not a Medicare supplement certificate.

Foresters products and their riders may not be available or approved in all states and are subject to eligibility requirements, underwriting approval, limitations and state variations. If you have questions regarding Foresters products and their riders, please contact your insurance agent or contact Foresters Financial to be connected with an agent in your area.

412755 US 06/16

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