Newsroom | Foresters Financial

Impact of Ukraine conflict on Foresters general account portfolio

Mar 23, 2022

Foresters Financial^TM general account portfolio has no direct investments in Russia, and no securities directly impacted by the conflict.

In this section, you will find an archive of our global and Canadian news releases for the last 12 months. Click on the link to view one of the news releases.

Foresters Financial introduces new 'Purpose and Community' feature for Foresters Go wellness app

Jan 12, 2022

(Toronto, ON, January 12, 2022) – Foresters Financial™ (Foresters), the fraternal life insurer that’s boldly redefining the life insurance industry through innovation, purpose and wellness, today announced the Foresters Go app has new functionality for rewarding members who give back to their communities.

Foresters Financial opens applications for its 2022 scholarships

Dec 01, 2021

(Toronto, ON, December 1, 2021) – Foresters Financial™ (Foresters), the fraternal life insurer that’s boldly redefining the life insurance industry, announced today that it has launched the 2022-2023 academic year scholarship applications for its members and their families.

Foresters Financial President and CEO James Boyle Announces Plans to Retire February, 2022

Sep 16, 2021

(Toronto, ON, September 16, 2021) – Dan Fortin, Chairman of Foresters Financial, announced today Foresters Financial President and Chief Executive Officer, James Boyle's intention to retire February 2022, coinciding with the fourth quarter board meetings.

Foresters Financial partners with global Insurtech dacadoo to launch innovative well-being technology platform

Sep 13, 2021

(Toronto, ON, September 13, 2021) – Foresters Financial™ (Foresters), the fraternal life insurer that’s boldly redefining the life insurance industry through innovation, purpose and wellness, today announced the launch of Foresters Go. The innovative wellness platform integrates wearable app-enabled technology and behavioral science to inspire and reward healthy lifestyles.

Foresters Financial maintains its “A” (Excellent) AM Best rating

Aug 18, 2021

(Toronto, ON, August 18, 2021) – Foresters Financial™ (Foresters), the fraternal life insurer redefining the life insurance industry, today announced that independent rating agency A.M. Best Company(1)has affirmed The Independent Order of Foresters (IOF) Financial Strength Rating (FSR) of “A” (Excellent) with a stable outlook(2).

Euan Allison

Aug 13, 2021

It is with great sadness that Foresters Financial announce that their CEO, Euan Allison (link to Profile), passed away last week. UK Chairman Mr John Young, said “Our thoughts and prayers are with his family, friends and the numerous colleagues who had worked with him for a considerable period of time and had come to know him personally”.

Foresters Financial elects leadership to its Board of Directors

Jun 14, 2021

(Toronto, ON, June 14, 2021) – Foresters Financial™ (Foresters), the fraternal life insurer that is quietly redefining the life insurance industry, today announced the election of its new Board of Directors, for a four-year term beginning in 2021.

Foresters Financial launches discounts on popular consumer products, events and experiences from top brands

Jun 07, 2021

(Toronto, ON, June 7, 2021) – Foresters Financial™, the fraternal life insurer that is quietly disrupting the industry, today announced the launch of MemberDeals . This new benefit helps Foresters members live well and save money through access to many thousands of products and services at lower than retail prices, including events and experiences from top consumer brands, via the Foresters member portal (MyForesters.com).

Foresters Financial announces a $9.9 million dividend payout for 2020, for participating certificate holders in Canada

Apr 21, 2021

(Toronto, ON, April 21, 2021) – The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $9.9 million for eligible[1] participating Canadian certificate holders in 2020. The dividend is an increase of over 4 percent from the $9.5 million disbursed in 2019. The dividend investment rate in 2020 was 5.5 percent. Foresters Financial™ (Foresters) is the trade name for The Independent Order of Foresters.

Foresters Financial partners with Evergreen

Apr 22, 2021

(Toronto, ON, April 22, 2021) – Foresters Financial™ (Foresters), the fraternal life insurer that is quietly disrupting the industry, today announced that it has partnered with Evergreen, an organization working to create cities that are livable, green and prosperous. Tied to Earth Day on April 22, this represents the launch of Growing A Better Future at Foresters, a new direction in its commitment to sustainability.

Foresters Financial works with Insurtech company dacadoo to create an innovative well-being platform

Jan 18, 2021

(Toronto, ON/Zurich, Switzerland, January 18, 2021) -- Foresters Financial^™ (Foresters) announced today that it has teamed up with dacadoo ag (dacadoo) – the Zurich-based Insurtech specializing in digital health engagement and health risk quantification – to create a platform designed to empower and reward Foresters customers (members) who adopt lifestyles that embrace key aspects of overall well-being: physical, mental, and community-mindedness.

Foresters Financial opens applications for its 2021 scholarships

Dec 02, 2020

(Toronto, ON, November 30, 2020) – Foresters Financial^™ (Foresters), the purpose-driven fraternal life insurer, today announced that it has launched applications for its members and their families for its scholarships for the 2021 academic year. Applications for eligible students can be submitted from December 2, 2020 through February 26, 2021.

Foresters Financial launches Lifelong Learning member benefit

Nov 30, 2020

(Toronto, ON, November 30, 2020) – Foresters Financial™ (Foresters), the member-centric fraternal life insurer, today announced that it has launched a new benefit for its members, providing access to continuing education. Lifelong Learning offers Foresters members across Canada, the UK, and the US over 200 on-demand personal development courses at no additional cost.

Foresters Financial launches new critical illness insurance

Nov 09, 2020

(Toronto, ON, November 9, 2020) – Foresters Financial™, the 146-year-old fraternal life insurer, today announces the launch in Canada of Live Well Plus and Live Well, critical illness insurance products focused on the needs of under-served everyday Canadian families. The two offerings represent a comprehensive refresh of critical illness insurance at Foresters with new pricing and expanded benefits.

Foresters Financial announces Subordinated Debentures offering

Oct 09, 2020

(Toronto, ON, October 9, 2020) – Foresters Financial™ today announced that it intends to issue $250 million principal amount of Series 2020-1 Subordinated Unsecured 2.885% Fixed/Floating Debentures, due October 15, 2035 (the "Debentures").

Foresters Financial and Canada Protection Plan join forces

Oct 02, 2020

TORONTO, Oct. 1, 2020 – Fraternal life insurer Foresters Financial (“Foresters”) and Canada Protection Plan, a leading distributor of No Medical and Simplified Issue life insurance, today announced they are joining forces in an amalgamation that will benefit their customers, advisors and employees.

Foresters Financial’s LawAssure Technology Platform for Wills and other Docs is Popular New Benefit

Aug 19, 2020

(Toronto, ON, August 19, 2020) – Foresters Financial™ (Foresters), the 146-year-old fraternal life insurer, announced it now offers its members LawAssure , a self-serve document technology platform that helps them prepare customized Wills, Powers of Attorney and healthcare directives.

Foresters Financial celebrates twenty years of A.M. Best “A” (Excellent) ratings

Aug 13, 2020

(Toronto, ON, August 13, 2020) – Foresters Financial™, the international fraternal life insurer, today announced that the independent rating agency A.M. Best Company¹ has affirmed The Independent Order of Foresters (IOF) Financial Strength Rating (FSR) of “A” (Excellent) and an issuer credit rating (ICR) of “a+”. Foresters Financial has maintained an Excellent A.M. Best financial strength² rating for twenty consecutive years.

Foresters Financial Focuses on Growth of U.S. Fixed Life Insurance Business

Jul 01, 2020

Foresters Financial^™ (Foresters) today finalized its previously announced sale of Foresters Financial Holding Company, Inc. and Foresters Life Insurance and Annuity Company (FLIAC), its New York-based variable life and annuity business, to Nassau Financial Group, L.P. .

Foresters Financial’s Tradition of Community Support Continues

Jun 24, 2020

Foresters Financial™ (Foresters) announced today that in 2019 it contributed nearly CAD$15 million ($14.65 million) to support communities across Canada, the UK, and the US.

Foresters Financial Announces 2020 Dividend for Canadian Participating Certificate Holders

Jun 15, 2020

The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $9.5 million for eligible¹ participating Canadian certificate holders in 2019.

Little Free Library and Foresters Financial Build 77 Community Libraries

Dec 12, 2019

Foresters employees and member leaders assembled and decorated the Little Free Library boxes, filled them with books, then donated them to local neighborhoods

Foresters Financial announces the sale of Foresters Life Insurance and Annuity Company to Nassau Financial Group

Oct 17, 2019

(October 17, 2019) — Foresters Financial™ (“Foresters”) today announces that it has entered into a definitive agreement with Nassau Financial Group, L.P., subsidiary Nassau Life Insurance Company (“NNY”), to acquire Foresters Financial Holding Company, Inc. and its subsidiary Foresters Life Insurance and Annuity Company (“FLIAC”). NNY and FLIAC are New York-domiciled life insurance companies...

Foresters Financial to Offer Charitable Benefit Provision for its Term Life Insurance Portfolio in Canada

Aug 12, 2019

(Toronto, ON, August 12, 2019) – Foresters Financial™ (“Foresters”) today announced the addition of its Charitable Benefit Provision to its Term¹ products in Canada. For Term insurance policyholders who select the benefit, Foresters will donate an additional 1% of the basic insurance amount...

Foresters Financial selects its 2019 scholarship recipients

Jul 18, 2019

(Toronto, ON, July 18, 2019) – Foresters Financial™ today announced the recipients of its competitive academic scholarships for 2019...

Foresters Financial announces 2019 dividend for Canadian participating certificate holders

Jun 07, 2019

(Toronto, ON, June 7, 2019) – The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $9 million for eligible¹ participating Canadian certificate holders in 2019. The dividend investment rate in 2018 was 6.22 percent...

Foresters Financial and KaBOOM! Partner to Increase Play Opportunities for Toronto Kids

Jun 01, 2019

Toronto, June 1, 2019 – The Toronto community was revitalized today thanks to a new playground built at Glamorgan Park. In just six hours, more than 300 volunteers from Foresters Financial™, the City of Toronto, Agincourt Community Services Association, and the national non-profit KaBOOM! created the new playspace...

Foresters Financial Announces Agreement for Sale of its Canadian Asset Management Business to Fiera Capital

May 15, 2019

TORONTO – May 15, 2019 – Foresters Financial has entered into a definitive agreement with Fiera Capital Corporation (“Fiera Capital”) under which it will sell the outstanding shares of Foresters’ Canadian asset management business, Foresters Asset Management Inc. (“Foresters Asset Management”) to Fiera Capital...

Foresters Financial bolsters its leadership as it refocuses on life insurance

May 08, 2019

(Toronto, ON, May 8, 2019) – Foresters Financial™ today announces the further bolstering of its senior leadership team with the appointment of its new Chief Operating Officer, Bruce Hodges, as the organization repositions itself to focus on its core life insurance business...

Foresters offers Emergency Assistance to members in Ontario, Quebec and New Brunswick

Apr 30, 2019

Who: Foresters Financial™, a purpose-driven financial services provider committed to doing more for families and communities, is offering assistance to its eligible members affected by flooding in Ontario, Quebec and New Brunswick...

Foresters Financial Announces Strategic Transactions

Apr 09, 2019

TORONTO – April 9, 2019 – Foresters Financial™ has entered into definitive agreements to sell assets related to its U.S. asset management business, including First Investors mutual funds, to Macquarie Investment Management (“Macquarie”), the investment manager of the Delaware Funds® by Macquarie family of funds, and its U.S. broker dealer and advisory business to Cetera Financial Group (“Cetera”)...

Foresters Asset Management offering institutional pricing for its imaxx Short Term Bond Fund and imaxx Canadian Bond Fund

Dec 19, 2018

Foresters Asset Management Inc. (“FAM”), the manager of the imaxxFunds™, is pleased to announce that effective January 1, 2019, FAM will lower the management fee for Class F of the imaxx Short Term Bond Fund and Class F of the imaxx Canadian Bond Fund (the “Funds”), and will continue to absorb a portion of the Funds’ operating expenses in order to lower the Management Expense Ratio (“MER”)...

Canada Post labour disruption

Oct 22, 2018

The Canadian Union of Postal Workers (CUPW) announced that it will hold rotating strikes at various locations beginning October 22, 2018. Canada Post continues to operate across Canada but the rotating strikes may slow mail delivery.

Foresters Financial maintains A.M. Best “A” (Excellent) ratings

Oct 11, 2018

(Toronto, ON, October 11, 2018) – Foresters Financial™, an international financial services provider, has maintained its A.M. Best financial strength¹ ratings...

Foresters offers Emergency Assistance to members in Ontario and Quebec

Sep 28, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by the tornadoes in Ontario and Quebec...

Foresters Financial and KaBOOM! Celebrate building 150 Playgrounds Together while Increasing Play Opportunities for Minneapolis Kids

Sep 22, 2018

Minneapolis, MN – The Minneapolis community was revitalized today thanks to a new playground built at Jenny Lind Elementary School. In just six hours, more than 200 volunteers from Foresters Financial™, Jenny Lind Elementary School and the national non-profit KaBOOM! created the new playspace...

Celebrating 150 playgrounds

Sep 21, 2018

On Saturday, September 22, the Minneapolis community will be revitalized thanks to a new playground built at Jenny Lind Elementary School. Nearly 200 volunteers from Foresters, Jenny Lind and KaBOOM! will create the new playground, ultimately helping 1,300 children and their families in the local community for years to come...

Foresters Financial announces winners of 2018 Competitive Scholarships in Canada and the United States

Aug 31, 2018

(Toronto, ON, August 31, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the 250 recipients of our 2018 Competitive Scholarships in North America...

Foresters offers Emergency Assistance to members in British Columbia

Aug 24, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by wildfires in British Columbia...

Foresters Financial names Alvin Sharma as new Global Chief Financial Officer

Aug 24, 2018

(Toronto, ON, August 24, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the appointment of Alvin Sharma as our new Global Chief Financial Officer, effective September 17, 2018. He will be based in Toronto...

Foresters Asset Management Inc. implements change to the investment objective of the imaxx Global Equity Growth Fund

Aug 21, 2018

(Toronto, ON, August 21, 2018) – Foresters Asset Management Inc., the manager of the imaxx Global Equity Growth Fund (the “Fund”), is pleased to announce that the change to the Fund’s investment objective that was approved at a special meeting of unitholders of the Fund held on May 15, 2018, takes effect today.

Foresters offers Emergency Assistance to members in Ontario

Aug 10, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by wildfires in Ontario...

Foresters Financial announces 2018 dividend for Canadian participating certificate holders

Jul 31, 2018

(Toronto, ON, July 31, 2018) – The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $8.5 million for eligible¹ participating Canadian certificate holders in 2018. That’s up more than two percent from the $8.3 million disbursed in 2017. The dividend investment rate in 2017 was 6.43 percent...

Foresters Financial and KaBOOM! Partner to Increase Play Opportunities for Edmonton Kids - Community Volunteers Build State-of-the-art Playground in Six Hours at Clara Tyner School

Jul 28, 2018

Edmonton, Alberta – The Edmonton community was revitalized today thanks to a new playground built at Clara Tyner School. In just six hours, more than 200 volunteers from Foresters Financial™, Clara Tyner School and the national non-profit KaBOOM! created the new playspace...

Foresters offers Emergency Assistance to members in British Columbia

May 22, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by flooding in British Columbia...

Foresters Financial releases 2017 annual report

May 17, 2018

(Toronto, ON, May 17, 2018) – Foresters Financial™, an international financial services company, is pleased to release its annual report to members. The magazine and digital version are called Moved to Action and include information on our grant programs, membership activities and 2017 financial results...

change to the investment objective of the imaxx Global Equity Growth Fund

May 15, 2018

TORONTO, May 15, 2018 - Foresters Asset Management Inc., the manager of the imaxx Global Equity Growth Fund (the Fund), is pleased to announce that at the special meeting of unitholders of the Fund held today, the unitholders approved a change to the investment objective of the Fund...

Foresters Financial appoints David Longfritz as new Global Chief Marketing Officer

May 04, 2018

(Toronto, ON, May 1, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the appointment of David Longfritz as its new Global Chief Marketing Officer, effective May 7, 2018.

Foresters Financial wins prestigious IABC 2018 Gold Quill Award of Excellence for employee engagement

Apr 18, 2018

(Toronto, ON, April 18, 2018) – Foresters Financial™, an international financial services provider committed to doing more for families and communities, has won an International Association of Business Communicators (IABC) 2018 Gold Quill Award of Excellence in the communication management/employee engagement category...

Foresters Asset Management announces proposed changes to imaxx™ Global Equity Growth Fund

Apr 13, 2018

TORONTO, April 13, 2018 - Foresters Asset Management Inc., the manager of the imaxx Global Equity Growth Fund (the “Fund"), announced today that it will seek the approval of unitholders to change the Fund to a global equity balanced mandate. The manager proposes to rename the Fund as the imaxx Global Fixed Pay Fund and to change the investment objective of the Fund to the following...

Foresters Asset Management announces change to the monthly distribution rate for the imaxx™ Canadian Fixed Pay Fund

Apr 13, 2018

TORONTO, April 13, 2018 - Foresters Asset Management Inc. (“FAM” or the “Manager”), today announced changes to the distribution rate for the A8 and F8 classes of the imaxx Canadian Fixed Pay Fund (the “Fund”). These changes will take effect in June, 2018...

Foresters offers Emergency Assistance to members in Brantford, Ontario

Feb 26, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by flooding in Brantford, Ontario...

Foresters Financial announces the inclusion of a Charity Benefit provision to recent enhancements to its Advantage Plus insurance product in Canada

Jan 02, 2018

(Toronto, ON, January 2, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the inclusion of an incomparable Charity Benefit provision to the recent enhancement to our Advantage Plus¹ participating whole life insurance product in Canada.