Term life insurance

Foresters Financial™ term life insurance products can be an affordable starting point for your overall financial plan. Our term life insurance can help support the important changes and challenges in your life, such as:

• Starting a new life with your partner
• Caring for your family
• taking on short-term debt
• taking on long-term debts (such as a mortgage)
• Protecting income in case of total disability or critical illness

As your life changes, Foresters Your Term Level Term Life Insurance¹ has the flexibility to help support the financial security you need. It is renewable, so you can extend the length of your coverage, and it is also convertible, which means you can convert to Foresters permanent life insurance² without having to go through underwriting again, if that option better meets your needs.

Because it’s term life insurance, Your Term provides coverage for the years you select. You can choose terms of 10, 15, 20, 25 or 30 years to reflect your current financial obligations and future plans.

Once you’ve chosen your term, your premiums are locked in, so you’ll have the comfort of knowing exactly how much your life insurance will cost. Also, the premiums for your base coverage and certain riders will never increase during the initial term of coverage you’ve chosen.

The following features,¹ may also be included with your basic coverage at no additional premium:

• Common Carrier Accidental Death Rider: Designed to provides an additional death benefit if you die of accidental injuries that occur while riding as a fare-paying passenger on a common carrier, such as a plane, bus or train.
• Family Health Benefit Rider: Can pay a benefit for limited family health expenses that may occur as a result of natural disasters, such as hurricanes, tornadoes and earthquakes.
• Accelerated Death Benefit Rider³: Provides an option to accelerate a portion of the eligible death benefit and receive a payment⁴ if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses.

Not only does Your Term help you achieve your financial goals but the inclusion of an innovative Charity Benefit provision⁵ can help you make a difference in your community. How it works:

• When a claim is paid to the beneficiary(ies), Foresters will pay⁵ an additional 1% (up to a maximum of $100,000) of the face amount to a registered charitable organization as designated by the owner. The payment is made as a donation in the name of the insured.
• The Charity Benefit provision is automatically included with your certificate at no additional premium. It does not increase your premiums, nor does it impact the value of the death benefit.

Accelerated death benefit riders (ABR) and long-term care insurance (LTCI) provide different types of benefits. 
Foresters ABR is a rider attached to a life insurance certificate.

1. It provides the opportunity for the owner to accelerate a portion of the certificate’s death benefit, if the insured is diagnosed with a chronic, critical or terminal illness, and receive a payment that can be used for any purpose.
2. Payments are not linked to, nor do they require proof of, medical expenses being incurred.
3. A payment under ABR reduces the death benefit payable under the life insurance certificate and may affect other benefits and values, but if no payment is made the certificate’s benefits and values are still available, as long as the certificate remains in effect. The accelerated death benefit will terminate with the certificate or earlier.

Long-Term Care Insurance

1. Generally, LTCI provides reimbursement payments for expenses incurred, due to a prolonged or permanent illness or disability, and provides no death benefit or cash value. 
2. LTCI benefits are typically based on evidence that the insured has incurred qualified long-term care expenses and the benefit, which may be subject to a maximum, is equal to the amount of expenses incurred.
3. If LTCI benefits are not claimed they may be forfeited. 

There may be other differences between Foresters ABR and a specific LTCI product that you may want to consider before making a decision to purchase.

Finding yourself unable to earn an income can have a devastating impact on you and your family. Fortunately, Foresters Your Term has riders¹ available to help in such situations:

• Disability Income Protection: Is available in two versions: for accidents only or for both accidents and illness⁶.
• Waiver of Premium Rider: This optional rider helps you maintain your valuable life insurance coverage if you are totally disabled and unable to work.
• Accidental Death Coverage: Optional accidental death coverage can provide an additional benefit to help your family when they need it most.