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

  • 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. This increase places SMART UL 50 basis points higher than the industry average2 equivalent payout of 3.8 percent, based on industry information compiled by Foresters.

SMART UL combines cost-effective permanent protection with the potential for tax-deferred3 cash value accumulation. At 4.3 percent, SMART UL offers stronger cash accumulation potential for savings or retirement planning needs.

Foresters Financial Vice President, Product & Pricing Jeremy W. Ragsdale said, “As a fraternal benefit society, Foresters focuses on its certificate-holders and members and invests back into them, rather than into shareholders. This is one example of our returning equity to those we serve.

“For nearly 150 years, Foresters has been giving back both through financial benefits, and by offering the opportunity for certificate-holders to engage in their community through charitable giving and volunteering. They are each core to our values.”

About Foresters Financial
Since 1874, Foresters Financial has been providing socially responsible financial services to individuals and families. Foresters Financial includes The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. Foresters is a purpose-driven organization that exists to enrich family and community well-being and offers insurance products to over three million members and clients in Canada, the US and the U.K. For 18 straight years, The Independent Order of Foresters has received an “A” (Excellent) rating from A.M. Best.1 For more information please visit


For more information:

Foresters Financial
416-429-3000 Ext: 4044

1 Applies to all SMART UL applications dated on or after September 22nd, 2018, excluding CA and NY, and in CA and NY, on all SMART UL applications dated on or after May 11th, 2019. Foresters products and their riders may not be available or approved in all states and are subject to underwriting approval, limitations, contract terms and conditions, and state variations. Refer to the Foresters SMART UL Product Guide and the insurance contract for your state for these terms and conditions. SMART UL is underwritten by The Independent Order of Foresters.
2 Current average based on the posted non-guaranteed interest rates of 25 Accumulation UL products from competitive companies as of June 2019.
3 Foresters Financial, its employees and life insurance representatives, do not provide, on Foresters behalf, legal, tax or estate advice. The information given here is merely a summary of its understanding of current laws and regulations and is not specific to any situation.

¹The A.M. Best rating assigned on August 2, 2018 reflects the overall strength and claims-paying ability of The Independent Order of Foresters (IOF) but does not apply to the performance of any non-IOF issued products. An “A” (Excellent) rating is assigned to companies that have a strong ability to meet their ongoing obligations to policyholders 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 ratings from A++ to F, A++ and A+ being superior ratings and A and A- being excellent ratings. See for our latest rating.

417662 US (07/19)

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