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Advantage Plus whole life insurance

A financial tool with your family’s well-being in mind.

Whole life

Life insurance for your whole life

Foresters Advantage Plus Whole Life1 is a life insurance solution designed to help meet your financial needs and take care of your loved ones.

Research suggests that remaining active and keeping stress under control can have a big impact on your longevity.3 Giving back to others may also have significant health benefits.4

Advantage Plus whole life insurance

Advantage Plus provides a tax-free death benefit5 that can protect the financial security of your loved ones in the event of an untimely death. In addition, the cash value of your Advantage Plus certificate grows over time and can be accessed either by withdrawing money directly from the certificate or by requesting a certificate loan.6

Product overview

Advantage Plus offers solid protection, a range of attractive options and benefits, the flexibility to meet changing needs, and the opportunity to contribute to your favourite registered charity with our Charity Benefit provision.7


As a participating product, Advantage Plus provides the opportunity to earn dividends. Depending on the option you choose, these dividends can be:

  • Paid to you in cash
  • Used to purchase additional insurance that can be added to the death benefit and contribute to growth in cash value
  • Left as "dividends on deposit" to earn interest
  • Used to pay or reduce premiums

Features and benefits

Premium paying periods
Select the premium paying period that is most convenient for you, 10 years, 20 years or the life of the certificate

Dividend options
As a participating product, Advantage Plus is eligible to receive dividends if and when Foresters declares them. A dividend is a portion of our earnings available for distribution annually to the certificate owners. The following dividend options are available at issue:

Charity Benefit provision
Advantage Plus includes a Charity Benefit provision so you can donate to your favourite registered charity. This contractual provision is automatically included at no additional premium and does not impact your death benefit. When a claim is paid to the beneficiaries, Foresters will pay (up to a maximum of $100,000) an additional 1% of the basic insurance amount to a registered charitable organization as designated by the owner. The payment is made as a donation in the name of the insured.5

Children’s Insurance Benefit
Advantage Plus has a built-in Children’s Insurance Benefit which provides $3,000 of term insurance for each insured child until they turn 25. During certain periods of time, the $3,000 of term may be converted to permanent insurance and an additional $7,000 of permanent coverage may be purchased on that child without evidence of insurability.

Juvenile Guaranteed Insurability Benefit
The Juvenile Guaranteed Insurability Benefit allows the insured to purchase additional insurance on specific dates without evidence of insurability if the primary life insured is under 18 when the Advantage Plus certificate is issued.

Quit Smoking Incentive Plan
Smokers will automatically benefit from a 2-year premium reduction with the Quit Smoking Incentive Plan. If the primary insured person is classified as a Smoker, and is at least 16 years old on the certificate issue date, we will charge Non-Smoker premiums for the first 2 certificate years. If at any time before the second certificate anniversary the owner submits evidence we consider satisfactory (as to the smoking habit of the insured person) the lower premiums will continue.

Teladoc Medical Experts
The insured person may be eligible, at no additional cost, to access Teladoc Medical Experts.8 The insured person’s spouse or domestic partner and the insured’s dependent children up to age 18 may also be eligible. This program provides personalized advice and recommendations on medical issues from leading experts.



Riders allow you to customize your coverage to your personal circumstances and future goals. Advantage Plus offers a number of optional riders including:

Additional information

Dividend policy

412598 CAN (10/22)

1Underwritten by The Independent Order of Foresters.

2Dividends are not guaranteed.

3Source: Science News Daily, See also “The Population Health Benefits of a Healthy Lifestyle: Life Expectancy Increased and Disability Delayed, Health Affairs, August 2017:

4Source: Huffington Post, . See also BMC Public Health, “Is volunteering a public health intervention?: A systematic review and meta-analysis of the health and survival of volunteers”, August 2013:

5Proceeds 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. 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 financial, estate, tax or legal advisor regarding their situation.

6Loans or withdrawals reduce the death benefit and cash value. 

7The maximum payment under this provision is $100,000. The designated charitable organization must be registered as a charity with the Canada Revenue Agency. The Charity Benefit will only be paid if an eligible beneficiary for the benefit has been designated, prior to, and is in effect on, the date of the death of the insured.

8Teladoc Medical Experts is provided solely by Teladoc Health, Inc., subject to eligibility requirements and limitations and may be changed or cancelled at any time without notice.