News | Foresters Financial

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.

One Hundred and Twenty Volunteers Build Multi-Sport Court at Long Beach, CA

Aug 17, 2019

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...

Aug 02, 2019

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...

Jul 27, 2019

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...

Jul 18, 2019

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

Jul 15, 2019

(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...

Jun 22, 2019

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...

Jun 19, 2019

(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...

Jun 07, 2019

(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...

Jun 05, 2019

May 18, 2019

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...

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...

May 13, 2019

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...

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...

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”)...

Apr 08, 2019

(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...

Mar 28, 2019

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...

Mar 07, 2019

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...

Feb 01, 2019

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...

Dec 10, 2018

(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...

Nov 16, 2018

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...

Oct 18, 2018

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...

Oct 13, 2018

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...

Oct 11, 2018

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

Oct 06, 2018

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...

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...

Sep 21, 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 Hurricane Florence in Maryland, North Carolina, South Carolina and Virginia...

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...

Sep 15, 2018

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...

Sep 08, 2018

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...

Sep 04, 2018

(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...

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...

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...

Aug 10, 2018

(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...

Aug 09, 2018

Jul 31, 2018

(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...

Jun 30, 2018

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...

Jun 16, 2018

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...

May 19, 2018

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...

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...

May 16, 2018

May 09, 2018

(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...

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.

Apr 24, 2018

Apr 21, 2018

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...

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...

Mar 22, 2018

(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.

Feb 26, 2018

(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...

Feb 01, 2018

(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.

Jan 15, 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 mudslides in California.

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Foresters Financial

Foresters Financial™ is an international financial services provider with over three million clients and members¹ in the United States, Canada and the United Kingdom. The Foresters Financial family of companies provides investment, life insurance, savings and retirement solutions that help families reach their financial goals, and improve their communities.

At Foresters Financial, we believe our products are just a starting point. We believe in working with communities to make our purpose a reality. That’s why we invest time and money in ways we can work together to make a difference, including neighborhood programs, charities and scholarships.

As a fraternal benefit society, The Independent Order of Foresters has a global network of more than two-million members. Members enjoy unique benefits including competitive academic scholarships, financial counseling and discounted legal services ¹.

Foresters Financial family of companies

The Foresters family of companies operates in the United States, Canada and the United Kingdom.

Foresters Financial Corporate Office
Foresters Financial
789 Don Mills Road
Toronto, ON, M3C 1T9

Foresters Financial Holding Company
Foresters Financial
40 Wall Street, 10th Floor
New York, NY, 10005

Foresters Financial UK
Foresters Financial UK
2 Cromwell Avenue
Bromley, UK, BR2 9BF

Executive leadership

James R. (Jim) Boyle, President and Chief Executive Officer
Euan Allison, Chief Executive Officer, United Kingdom
Pat Colavita, Vice President and Chief Internal Auditor
Nicole Gourley, Global Chief Membership Officer
Mehul Kapadia, Chief Information Officer, Vice-President of IT and Business Transformation
David Longfritz, Global Chief Marketing Officer
Marcia Mendes-d’Abreu, Global Chief Human Resources Officer
Blake Moore, President, North American Asset Management
Alvin Sharma, Global Chief Financial Officer
Gaurav Upadhya, Chief Actuary
René Zanin, Global Chief Legal Officer and Chief Compliance Officer

Financial strength

Foresters Financial is an international financial services provider with more than three million clients and members in Canada, the United States and the United Kingdom. We provide life insurance, savings, retirement and investment solutions that help families achieve their financial goals and make a lasting difference in their lives and communities. Foresters Financial has assets of $17.8 billion², $15.8 billion in liabilities, total funds under management of $43.2 billion and a surplus of $2.0 billion³. The Independent Order of Foresters, Foresters Life Insurance Company, and Foresters Life Insurance and Annuity Company has also each received an “A” rating from A.M. Best⁴. We continue to invest in growth and expansion, while also maximizing our positive impact on families and communities.

Products

The Foresters Financial family of companies offers:

In North America – A variety of retirement, investment and savings products and a range of life insurance products including individual term, whole life and universal life as well as annuities.⁵
In the United Kingdom - A variety of retirement, saving, investment and protection products.⁶

Competitive scholarships

Up to 250 competitive scholarships are awarded each year to eligible Foresters members or their dependent children and grandchildren in the US and Canada and 150 in the UK.¹ For more information, visit our Membership page.

Community support

Foresters Financial helps protect families and communities across North America and the U.K. through national charitable partnerships with KaBOOM!, Cash for Kids, and hundreds of local charities and community organizations chosen by our members.

Foresters Financial and Foresters are trade names and trademarks of The Independent Order of Foresters (a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9) and its subsidiaries.

¹Description of member benefits that you may receive assumes you are a Foresters Financial member. In the United States members may currently only be anyone insured under a life or health insurance certificate, or an annuitant under an annuity certificate, issued by The Independent Order of Foresters. If you are not an insured under a life or health insurance certificate, or an annuitant under an annuity certificate, issued by The Independent Order of Foresters, or are not a social fraternal member, then you are not a member. Foresters member benefits are non-contractual, subject to benefit specific Eligibility requirements, Definitions and limitations and may be changed or cancelled without notice.

²All figures in Canadian dollars.

³This surplus comprising assets of $17.8 billion and liabilities of $15.8 billion represents excess funds above the amount required as legal reserves for insurance and annuity certificates in force and provides additional assurances to our members for our long term financial strength. Financial results as at December 31, 2018. All figures in Canadian dollars.

⁴ An “A” (Excellent) Financial Strength Rating is assigned to companies that have a strong ability to meet their ongoing obligations to policy holders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by A.M. Best Company. A.M. Best assigns rating from A++ to F, A++ and A+ being superior ratings and A and A- being excellent ratings. In 2018 A.M. Best assigned each of The Independent Order of Foresters (IOF), Foresters Life Insurance Company (FLIC) and Foresters Life Insurance and Annuity Company (FLIAC) an “A” (Excellent) Financial Strength Rating. The rating assigned on August 2, 2018 reflects the overall strength and claims-paying ability of IOF, FLIC and FLIAC but does not apply to the performance of any non IOF, FLIC or FLIAC issues products. In assigning the ratings, A.M. Best stated that the outlook for all ratings is “stable”, which means they are unlikely to change in the near future assuming our financial strength is maintained and our operations grow. See ambest.com for the latest ratings.

⁵ In the United States, securities, life insurance and annuity products are offered through Foresters Financial Services, Inc. Insurance products are issued by Foresters Life Insurance and Annuity Company or The Independent Order of Foresters. In Canada, life insurance and annuity products are issued by Foresters Life Insurance Company or The Independent Order of Foresters while mutual funds are offered by Foresters Asset Management Inc. All products are not available in all jurisdictions.

⁶ In the United Kingdom, protection, savings, investment, pension and annuity products are provided by Forester Life Limited. In addition a subsidiary company Forester Fund Management Limited, trading under the brand The Children’s Mutual, provides a number of child savings products. All products are not available in all jurisdictions.

413402 US (03/19)

Newsroom

One Hundred and Twenty Volunteers Build Multi-Sport Court at Long Beach, CA

Foresters offers Emergency Assistance to members in Alabama, Arkansas and Louisiana

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

Foresters Financial selects its 2019 scholarship recipients

Foresters Financial announces 4.3 percent UL crediting rate, well above industry average

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

Foresters Financial names its 2019 Community Involvement Award winner

Foresters Financial approves 2019 dividend for U.S. participating certificate holders

Foresters offers Emergency Assistance to members in Ohio

Play Opportunities for Mesa Kids

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

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

Foresters Financial bolsters its leadership as it refocuses on life insurance

Foresters Financial Announces Strategic Transactions

Foresters Financial recognizes National Retirement Planning Week

Foresters offers Emergency Assistance to members in Arkansas, Iowa, Illinois, Louisiana, Minnesota, Missouri, Mississippi, Montana, Nebraska, South Dakota and Wisconsin

Emergency Assistance to members in Alabama and Georgia

Foresters Financial reminds Americans February is a great time to ‘Insure Your Love’

Foresters Financial improves the ease of doing business for agents selling medically underwritten insurance products

Foresters offers Emergency Assistance to members in California

Foresters offers Emergency Assistance to members in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia

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

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

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

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

Foresters offers Emergency Assistance to members in Maryland, North Carolina, South Carolina and Virginia

Celebrating 150 playgrounds

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

Foresters Financial and KaBOOM! Partner to Increase Play Opportunities for Schenectady Kids - Community Volunteers Build State-of-the-art Playground in Six Hours at Steinmetz Homes

New study reveals more than 40 percent of Americans don’t have any form of life insurance

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

Foresters Financial names Alvin Sharma as new Global Chief Financial Officer

Foresters Financial names Ryan Fleming as its 2018 Community Involvement Award winner

Foresters offers Emergency Assistance to members in California

Foresters Financial approves 2018 dividend for U.S. participating certificate holders

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

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

A New Playground Brings Joy to San Bernardino’s Perris Hill Park - Foresters Financial and KaBOOM! Put Kids First in San Bernardino

Foresters Financial releases 2017 annual report

Foresters offers Emergency Assistance to members in Hawaii

Foresters Financial gives back to the Waimea, Hawaii community, presents Sindy Wylie with Community Involvement Award

Foresters Financial appoints David Longfritz as new Global Chief Marketing Officer

Foresters offers Emergency Assistance to members in North Carolina

Foresters Financial and KaBOOM! Partner to Increase Play Opportunities for Jacksonville Kids - Community Volunteers Build State-of-the-art Playground in Six Hours at the Winston Family YMCA

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

Foresters Financial and Financial Horizons Group donate employment kits to Operation Stand Down in Tennessee

Foresters Financial and FFP Insurance Services donate hygiene kits to The Shade Tree shelter

Foresters Financial Reminds Americans to “Insure Their Love” This February

Foresters offers Emergency Assistance to members in California

Minneapolis elementary school students help design a new playground, to be built this fall with help from Foresters Financial volunteers.

Giving back while traveling: Foresters Financial holds volunteer day at WES

Everyday Heroes Dream playground

Wichita Falls Woman Strives To Make A Difference In Many Lives

Fantastical project brings smiles to sick children

Volunteer-built playground comes to life at Salvation Army site

Leadership Conference Starts With Feeding Thousands

Deciding If a Qualified Longevity Annuity Contract is Right for You

Volunteers build playground in North Hills Suddieth Park

Foresters to end sales conferences

Morning Briefing Insurers to get briefing and it is rocket science

Dell Readies Massive Bond Deal

Volunteers bring families together with new playground

Foresters Financial, KaBOOM! and volunteers bring families together with new playground at Coffey Park

Construyen parque infantil en Cockrell Hill

Iowa Red Cross Workers to Help with Canadian Wildfire Disaster

Red Cross hands out donation money to Fort McMurray residents

Foresters Financial, volunteers, KaBOOM! build City of La Habra community playground

January is a good month to review your retirement plan

La Habra Notes: City looking for proposals on how to spend federal funding

Two Canadian insurance executives appointed to LL Global board

KaBOOM! A playground gets built in 8 hours

Foresters hires former Liberty Life exec

Foresters to become Foresters Financial

Effective branding can help build loyalty

Dream playground at Pouch Camp comes to life for local families

Major insurer changing its name

Community at Ardmore Ave. School build playground

QLACs take flight but will they soar

Volunteers to come together to build YMCA playground