Newsroom

(Toronto, ON, July 25, 2022) – Foresters Financial™ (Foresters), the fraternal life insurer that’s boldly redefining the life insurance industry through innovation, purpose and wellness, today announced that it has increased the standard face amount limits for its Strong Foundation product offering^[1], an industry-leading non-medical term life insurance solution designed to meet a range of client needs. Insurability depends on answers to medical and other application questions and underwriting searches and review.

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(Toronto, ON, June 21, 2022) – Foresters Financial™ (Foresters), the fraternal life insurer that’s boldly redefining the life insurance industry through innovation, purpose and wellness, today announced that the non-guaranteed crediting rate on its SMART Universal Life Insurance (“SMART UL”) ^[1]  will increase from 4.50 percent to 4.75 percent across new and many in-force certificates. This increase positions SMART UL as offering one of the highest rates in the life insurance industry. ^[2] 

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(Toronto, ON, July 5, 2022) – Foresters Financial™ (Foresters), the fraternal life insurer that’s boldly redefining the life insurance industry through innovation, purpose and wellness, today announced that The Independent Order of Foresters (IOF) is the first fraternal life insurer to become a member of Assuris.

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(Toronto, ON, May 2nd, 2022) – The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $24 million and a dividend investment rate of 5.8 percent for eligible [1] participating certificate holders in the United States for 2021. The dividend disbursed in 2020 was $24.4 million.

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

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

(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.

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NEW YORK, April 6, 2022 — Policygenius, the nation’s leading tech-enabled platform for insurance shopping and fulfillment, announced today the new offering of an innovative life insurance product from Foresters Financial. The product, Foresters Your Term, provides consumers with a new way to access life insurance affordably, quickly, and conveniently, enabling an underwriting decision in less than 24 hours for many applicants.  

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(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.

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(Toronto, ON, October 18, 2021) – Foresters Financial, the fraternal life insurer recognized by its commitment to enrich family and community well-being, reported 37% year-over-year growth in U.S. life insurance sales in the first three quarters of 2021.

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(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.

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(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.

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(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).

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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”.

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(Toronto, ON, June 28, 2021) – Foresters Financial™, the fraternal life insurer that is quietly redefining the industry, today announced that it continues to lead in expanding the availability of life insurance to Americans living with type 2 diabetes.

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(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.

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(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).

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(Toronto, ON, March 17, 2021) – Foresters Financial™, the fraternal life insurer quietly disrupting financial services, today announced it has worked with illustrate inc, to launch Foresters Mobile Quote, a secure life insurance quoting app. It is available to Foresters over 75,000 producers across the U.S. through the Apple App Store® and the Google Play Store.

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(Toronto, ON, April 21, 2021) – The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $24.4 million for eligible[1] participating certificate holders in the United States for 2020. The dividend was consistent with the $24.4 million disbursed in 2019. The dividend investment rate in 2020 was 5.8 percent. Foresters Financial™ (Foresters) is the trade name for The Independent Order of Foresters.

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(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.

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(Toronto, ON, December 14, 2020) – Foresters Financial^™, the member-centric fraternal life insurer, today announces the US launch of its refreshed Prepared II Accidental Death Term Insurance , focused on the needs of under-served everyday families. It represents a new take on accidental death insurance at Foresters, with more coverage and a simple application and decisioning process.

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(Toronto, ON, December 2, 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.

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(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.

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(Dallas, Texas – November 18, 2020) – Kids at the Grand Prairie Family YMCA in Dallas are celebrating today because they have a great new place to play. For months, representatives from Grand Prairie Family YMCA, fraternal life insurer Foresters Financial™, and KABOOM!, the nonprofit organization focused on ending playspace inequity, have been working together to increase access to playspaces for local kids, with the creation of a new, kid-designed playground installed on November 18th, 2020. Kids now have an incredible place to play close to where they live and learn, an opportunity that is often hard to achieve.

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(Los Angeles, California – November 16, 2020) – Kids at Longfellow Elementary School in Long Beach are celebrating today because they have a great new place to play. For months, representatives from the Longfellow Elementary School PTA, fraternal life insurer Foresters Financial™, and KABOOM!, the nonprofit organization focused on ending playspace inequity, have been working together to increase access to playspaces for local kids, with the creation of a new, kid-designed playground installed on November 16th, 2020. Kids now have an incredible place to play close to where they live and learn, an opportunity that is often hard to achieve.

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(Toronto, ON, November 12, 2020) – Fraternal life insurer Foresters Financial™ (Foresters) today announces the launch of a diabetes management benefit for its US members. Through a partnership with Roche Diabetes Care, the maker of diabetes monitoring and management products (Accu-Chek®), Foresters will offer discounts to members on diabetes monitoring and management products.

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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.

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(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. 

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(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.

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Foresters Financial™ (Foresters) today announces it is now one of very few industry players to offer standalone Children’s Whole Life Insurance, with the launch of BrightFuture, its first product designed specifically for those currently under the age of 18¹.

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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. .

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Foresters Financial™ (Foresters) announced today that in 2019 it contributed more than USD$11 million ($11.3 million) to support communities across Canada, the UK, and the US.

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The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $24.7 million for eligible¹ participating U.S. certificate holders in 2019.

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

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Foresters Financial™ today announces modernized underwriting guidelines across its non-medical life insurance product portfolio for Americans who use cannabis.

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(Toronto, ON, November 6, 2019) – Foresters Financial™ today announces the launch of its industry-first, non-medical life insurance product portfolio that includes relaxed underwriting guidelines for Americans living with type 2 diabetes...

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(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...

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(October 7, 2019) – Foresters Financial™ (“Foresters”) today announces the launch of Advantage Plus II Participating Whole Life (“Advantage Plus II”), replacing its flagship Advantage Plus Whole Life product, with lower premiums...

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Long Beach, CA / August 17, 2019 – Today, more than 120 volunteers from Foresters Financial, Longfellow Elementary School and the Long Beach community joined KaBOOM! to build a Multi-Sport Court at Longfellow Elementary School...
 

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Foresters Financial™, a purpose-driven financial services provider committed to doing more for families and communities, is offering assistance to its eligible members¹ affected by Tropical Storm Barry in Alabama, Arkansas and Louisiana...

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Arvada, CO, July 27, 2019 – The Arvada community was revitalized today thanks to a new a kid-designed, state-of-the-art multi-sport court built at Susan M. Duncan Family YMCA. In just five hours, more than 150 volunteers from Foresters Financial™, the YMCA of Metro Denver and the national non-profit KaBOOM! created the new playspace... 

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

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(Toronto, ON, July 15, 2019) – In an environment of continued low interest rates, Foresters Financial™ (“Foresters”) today announced that the non-guaranteed crediting rate on its SMART Universal Life Insurance (“SMART UL”) will increase from 4.1 percent to 4.3 percent across new and in-force certficates¹...

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Toronto, ON, June 22, 2019 – The Detroit community was revitalized today thanks to a new playground built at Bailey Park. In just six hours, more than 150 volunteers from Foresters Financial™, the Bailey Park Project and the national non-profit KaBOOM! created the new playspace...

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(Toronto, ON, June 19, 2019) – Foresters Financial™, a purpose-driven life insurer, is proud to name Ira Gottshall its 2019 Community Involvement Award winner, celebrating his lifetime of volunteering and giving back...

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(Toronto, ON, May 29, 2019) – The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $24.4 million¹ for eligible² participating U.S. certificate holders in 2019. The dividend investment rate in 2018 was 6.23 percent...

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Foresters Financial™, a purpose-driven financial services provider committed to doing more for families and communities, is offering assistance to its eligible members¹ affected by tornadoes in Ohio...

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Mesa, May 18 2018 – The Mesa community was revitalized today thanks to a new playground built at Liberty Arts Academy. In just six hours, more than 100 volunteers from Foresters Financial™, Liberty Arts Academy and the national non-profit KaBOOM! created the new playspace...

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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...

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Fort Worth, TX, 2018 – The Fort Worth community was revitalized today thanks to a new playground built at North Hi Mount Elementary. In just six hours, more than 200 volunteers from Foresters Financial™, school community and the national non-profit KaBOOM! created the new playspace...

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(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...

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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”)...

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(Toronto, ON, April 8, 2019) - Foresters Financial™ an international financial services provider, believes that having a comprehensive retirement plan is an essential component to financial security and well-being. However, a recent consumer study shows that only 64 percent of American workers feel confident about their ability to retire comfortably...   

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Foresters Financial™, a purpose-driven financial services provider committed to doing more for families and communities, is offering assistance to its eligible members¹ affected by flooding in Arkansas, Iowa, Illinois, Louisiana, Minnesota, Missouri, Mississippi, Montana, Nebraska, South Dakota and Wisconsin...

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Who: Foresters Financial™, a purpose-driven financial services provider committed to doing more for families and communities, is offering assistance to its eligible members¹ affected by tornadoes in Alabama and Georgia...

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A recent survey¹ of Americans shows that a vast majority (78 percent) feel preparing financially for life’s unknowns is a way to show loved ones you care...

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(Toronto, ON, December 10, 2018) – Foresters Financial™, a purpose-driven financial services provider, is pleased to announce an innovation that will allow our U.S. network of representatives to sell medically underwritten life insurance products faster and more efficiently...

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Who: Foresters Financial™, a purpose-driven financial services provider committed to doing more for families and communities, is offering assistance to its eligible members¹ affected by wildfires in California...

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Who: Foresters Financial™, a purpose-driven financial services provider committed to doing more for families and communities, is offering assistance to its members affected by Hurricane Michael in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia...

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Lincoln, CA – The Lincoln community was revitalized today thanks to a new playground built at Creekside Oaks Elementary School. In just six hours, more than 200 volunteers from Foresters Financial™, Western Placer Unified School District and the national non-profit KaBOOM! created the new playspace...

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

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Black Mountain, NC – The Black Mountain community was revitalized today thanks to a new playground built at Black Mountain Primary. In just six hours, more than 200 volunteers from Foresters Financial™, the YMCA of Western North Carolina, Buncombe County Schools and the national non-profit KaBOOM! created the new playspace...

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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...

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Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by Hurricane Florence in Maryland, North Carolina, South Carolina and Virginia...

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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...

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Detroit, MI – The Detroit community was revitalized today thanks to a new playground built at Freedom Path Park. In just six hours, more than 200 volunteers from Foresters Financial™, Grand Seven Detroit and the national non-profit KaBOOM! created the new playspace... 

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Schenectady, NY – The Schenectady community was revitalized today thanks to a new playground built at Steinmetz Homes. In just six hours, more than 200 volunteers from Foresters Financial™, the Boys & Girls Clubs of Schenectady and the national non-profit KaBOOM! created the new playspace, which will serve more than 1,200 children and their families in the local community for years to come...

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(New York, NY, September 4, 2018) – Foresters Financial™ believes life insurance is an essential component of people’s overall financial fitness. It protects families and can also be a useful savings and investment vehicle. But a new study shows that while 84 percent of Americans say that most people need life insurance, only 68 percent say they personally need it and only 59 percent own some form of it¹...

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(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...

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(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...

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(Toronto, ON, July 30, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce Ryan Fleming as our 2018 Community Involvement Award winner...

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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 California...

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(Toronto, ON, July 31, 2018) – The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $24.3 million¹ for eligible² participating U.S. certificate holders in 2018. That is up more than 2 percent from the $23.7 million disbursed in 2017. The dividend investment rate in 2017 was 6.58 percent...

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Chicago, IL – The Chicago community was revitalized today thanks to a new playground built at Nixon Elementary School. In just six hours, more than 200 volunteers from Foresters Financial™, Nixon Elementary School, Hermosa Neighborhood Association, Community Organizing and Family Issues (COFI) and the national non-profit KaBOOM! created the new playspace, which will serve more than 900 children and their families in the local community for years to come...

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Houston, TX – The Houston community was revitalized today thanks to a new playground built at Sammons Elementary School. In just six hours, more than 200 volunteers from Foresters Financial™, Sammons Elementary School and the national non-profit KaBOOM! created the new playspace, which will serve more than 1,100 children and their families in the local community for years to come...

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San Bernardino, CA – Today more than 200 volunteers from Foresters Financial™, the City of San Bernardino and the national non-profit KaBOOM! transformed San Bernardino’s largest park. In just six hours, Perris Hill Park received a new playspace, which will serve more than 1,200 children and their families in the local community for years to come...

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(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...

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

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(Toronto, ON, May 9, 2018) – Foresters Financial™, an international financial services organization, gave back to the Waimea, HI, community during its annual convention on April 25, 2018...

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(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.

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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 tornado in North Carolina.

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Jacksonville, FL – The Jacksonville community was revitalized today thanks to a new playground built at the Winston Family YMCA. In just six hours, more than 200 volunteers from Foresters Financial™, the Winston Family YMCA and the national non-profit KaBOOM! created the new playspace, which will serve more than 6,500 children and their families in the local community for years to come...

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(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...

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(Toronto, ON, March 22, 2018) – Foresters Financial™, an international financial services provider, teamed up with Financial Horizons Group to package and donate 150 employment kits for U.S. armed forces veterans’ group Operation Stand Down in Nashville, Tennessee.

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(Toronto, ON, February 26, 2018) – Foresters Financial™, an international financial services provider, teamed up with FFP Insurance Services to package and donate 200 hygiene kits for women to The Shade Tree shelter in Las Vegas, Nevada...

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(New York, NY, February 1, 2018) – According to LIMRA, an international insurance trade association, 65%  of adults agree they need life insurance and 30% of U.S. households have no life insurance at all.* That’s why this February, Foresters Financial Services, Inc. would like to remind everyone to not only show their love, but to “insure their love.”

It’s nice to receive the typical Valentine’s Day gifts such as flowers, candy or dinner out. But what about something with a more lasting impact, such as the financial security you can obtain from life insurance? It is the ultimate gift of love. 

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

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