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Advantage Max participating whole life insurance

Live your life to the max

Whole life

Give yourself the maximum advantage in life

You want to provide reliable financial protection with flexible options for your loved ones. But you also want to build wealth for a secure financial future for yourself. You can help achieve both with Advantage Max1 participating whole life insurance. You get lifetime life insurance protection with guaranteed premiums and death benefit amounts. And, as a participating product, you have the opportunity to earn dividends2 to help build cash value you can access and potentially borrow from3 tax free.4

Maximum flexibility to meet your unique needs

5 dividend options

Depending on the dividend option selected, dividends can be paid out in cash, used to purchase additional insurance that enhances both the death benefit and cash value, left on deposit to earn interest, or applied to reduce premiums.

Affordable joint coverage

Advantage Max offers a joint last-to-die option. Designed for couples, this option provides coverage that pays out after both insured individuals have passed. It’s ideal for estate planning, charitable gifts, or passing wealth to the next generation. With lifelong protection and fixed premiums, it’s a strategic way to leave a lasting legacy.

Lifetime protection for kids

Purchasing insurance for a child or grandchild can help secure their future insurability, especially if health conditions arise later in life that could make coverage more difficult to obtain. Premiums are typically very affordable at younger ages, and the policy’s cash value can grow over time—potentially providing funds for important milestones such as education or a down payment on their first home.

Amazing built-in features

Advantage Max comes with many valuable built-in features that go above and beyond for no additional premium.

Quit Smoking Incentive Plan

Lower non-smoking rates for smokers in the first two years. Quit smoking and those low rates become permanent.

Charity Benefit provision5

Foresters will donate 1% (up to $100,000) of the basic insurance amount to the registered charity you choose. Donations may be eligible for a charitable tax receipt from the charity.

Children’s Insurance Benefit

Your children automatically receive $3,000 of complimentary term life insurance coverage. At age 25, they can convert the $3,000 to permanent insurance with the option to purchase an additional $7,000 of coverage without evidence of insurability.

Juvenile Guaranteed Insurability Benefit

This 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 certificate is issued.

Teladoc Medical Experts6

Personalized expert advice and recommendations from leading medical experts.

Riders

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

What's next?

Term life insurance Critical illness insurance
425005 CAN (08/25)

1 Underwritten by The Independent Order of Foresters.
2 Dividends are not guaranteed. Past dividends are not an indicator of future dividend performance.
3 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.
4 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.
5 When a claim is paid to the beneficiaries, Foresters will pay the eligible designated charitable organization in the name of the insured. 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.
6 This Program is provided solely by Teladoc Health Inc., subject to eligibility requirements and limitations and may be changed or cancelled at any time without notice. This benefit is not part of the policy.