Whole life
Plan today for your family’s future
If you’re looking for a lifetime of protection, whole life insurance may be the ideal choice for you. As the name suggests, it is insurance designed for your whole life. Some whole life insurance products can build cash value that you may borrow1 against to pay for things like home renovations.
Why consider whole life insurance?
For generations, millions of individuals have turned to whole life insurance to meet their life insurance needs because with whole life, your premiums are fixed for the life of the policy. And as long as your premiums are paid in a timely manner, the policy will generally remain in force and cannot be cancelled. In addition, certain whole life products can build cash values on a tax-deferred basis2, which can be used to help fund expenses during your lifetime.
Whole life insurance provides lifelong coverage with a guaranteed death benefit and a cash value component that grows over time. There are two main types: participating and non-participating, each offering different benefits and features.
- Non-Participating Whole Life Insurance: Provides guaranteed coverage and cash value growth without dividends. Premiums and benefits are fixed, offering stability and predictability.
- Participating Whole Life Insurance: Offers guaranteed coverage and cash value growth, plus potential dividends3 based on the insurer’s financial performance. These dividends can be used to reduce premiums, purchase additional coverage, or be taken as cash.
Non-Par Whole Life4
Non-Par Whole Life is a non-participating whole life insurance plan that provides lifetime protection with cash value accumulation and valuable built-in features. Premiums, cash values and coverage amounts are guaranteed.
Advantage Plus5
Advantage Plus is participating whole life designed to support long-term well-being. It offers affordable lifetime protection, flexible features, and the potential for dividends. Its generally tax-free death benefit also makes it a strong choice for estate planning.
Advantage Max5
Advantage Max is participating whole life insurance designed to provide maximum protection and maximum cash value growth. The cash value grows over time and can be accessed through certificate loans to cover unexpected expenses, fund children’s education or supplement retirement income.
What's next?
425004 CAN (08/25)
1 Loans can be taken if the certificate is in effect and has sufficient cash surrender value. The minimum and maximum amounts available for loan are calculated based on the terms of the certificate. Loans will reduce the death benefit and cash values and may affect how long the certificate is in-force. Interest is charged daily at the contractual loan rates. On every certificate anniversary, Owners are required to pay the loan interest accrued since the last certificate anniversary. If interest is not paid when due, a new certificate loan will be issued on the same terms and conditions as the existing certificate loan. Death benefit payable is net of the outstanding certificate loan amount(s) including any accrued interest. If, at any time, the loan amount(s) exceeds the cash value at that time plus the present value of paid-up additional insurance then in-force and the amount of dividends on deposit at that time, then the certificate will terminate. Loans may be considered a reportable tax event. You should consider consulting your tax advisor for details on your specific situation.
2 Foresters and their employees and life insurance representatives, do not provide, on Foresters behalf, financial, estate, legal or tax advice. The information given here is merely a summary of our understanding of current laws and regulations. Clients and prospective purchasers should consult their financial, estate, tax or legal advisor regarding their situation. The tax associated with certificate loans will depend on a variety of factors that may include, but may not be limited to, the cash value and the adjusted cost basis of the certificate, the duration of the loans and any repayment of the loans.
3 Dividends are not guaranteed. Past dividends are not an indicator of future dividend performance.
4 Underwritten by Foresters Life Insurance Company.
5 Underwritten by The Independent Order of Foresters.