Advantage Plus II Whole Life Insurance
A financial tool with your family’s well-being in mind.
What is whole life insurance?
As the name suggests, it is insurance designed for your whole life. Unlike term insurance, most whole life insurance products can build guaranteed cash value that you may be able to borrow against to pay for things like home renovations or children’s college education.
Why choose whole life insurance?
Some types of whole life insurance are participating, meaning you may be eligible to receive dividends1 which can be used to purchase paid-up additions, left on deposit to accumulate with interest, used to reduce premiums, or be paid in cash. If you are looking for permanent coverage with a guaranteed death benefit, cash value, and premium, then whole life insurance may be a good choice for you.Whole life insurance with Foresters Financial
Advantage Plus II Participating Whole Life Insurance
Foresters Advantage Plus II Participating Whole Life Insurance2 provides the flexibility to custom build a plan that can help you to provide financial security for your loved ones. With Advantage Plus II, you’re in control; building the coverage you want such as adding optional coverage for the unexpected.
Features and benefits
Advantage Plus II has lifetime death benefit protection (to age 121) and guaranteed cash value. Because Advantage Plus II is participating life insurance, you may also receive dividends1 that can be used to purchase paid-up additions, left on deposit to accumulate with interest, used to reduce premiums, or be paid in cash.
You can also borrow against the cash values, surrender paid-up additions, or withdraw dividends to help deal with temporary needs, such as helping to fund your child’s education, or for an unexpected emergency. Any loan, loan interest, or dividend withdraw will reduce your death benefit.3
Advantage Plus II provides level premiums payable for either 20 years or to age 100, and generally provides an income tax-free death benefit.4
Coverage is available for ages 0 to 85, with face amounts starting at $25,000. Advantage Plus II is underwritten on a Non-Medical basis (to age 75), meaning your insurability depends on your answers to medical and other application questions and underwriting searches and review, and doesn’t require any bloodwork, saliva swabs, or visits from a Paramed. It’s also available on an Accelerated or Medically underwritten basis.
Riders and features
The following riders and/or features may also be included with your basic coverage at no additional premium:
To help extend your coverage, riders such as Waiver of Premium Rider, Accidental Death Rider, Guaranteed Insurability Rider, Term Rider, Single and Flexible Paid-up Additions Rider, or Children’s Term Rider may be available for an additional premium.
Comparing Accelerated Death Benefits with Long-Term Care Insurance
An accelerated death benefit rider (ABR) and long-term care insurance (LTCI) provide different types of benefits.A Foresters ABR is a rider attached to a life insurance certificate:
- 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.
- Payments are not linked to, nor do they require proof of, medical expenses being incurred.
- A payment under an 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.
A LTCI product:
- Generally provides reimbursement payments for expenses incurred, due to a prolonged or permanent illness or disability, and provides no death benefit or cash value.
- Has benefits that 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.
- Has benefits that if are not claimed, may be forfeited.
There may be other differences between a Foresters ABR and a specific LTCI product that you may want to consider before making a decision to purchase.
Additional information
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412729 US (11/22)
Not for use in Nevada.
Foresters products and their riders are underwritten by The Independent Order of Foresters and may not be available or approved in all states and are subject to eligibility requirements, underwriting approval, limitations and state variations. If you have questions regarding Foresters products and their riders, please contact your insurance agent or contact Foresters to be connected with an agent in your area.
1 Dividends are not guaranteed. Past dividends are not an indicator of future dividend performance. Dividend withdrawals will reduce the death benefit and cash values and may affect how long the insurance contract is in effect.
2 Foresters Advantage Plus II and its 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 Advantage Plus II Life Insurance contract for your state for these terms and conditions. Foresters Advantage Plus II and its riders are filed under the following form numbers, where “XX” represents either “US” or your state’s postal abbreviation, as applicable. Foresters Advantage Plus II: ICC19-WL-US01 or WL-XX01-2019; Accelerated Death Benefit Rider (for Chronic, Critical and Terminal Illness): ICC14-TRAD-ABRCHCRTI-US01 or TRAD-ABRCHCRTI-XX01-2014; Accelerated Death Benefit Rider (for Critical and Terminal Illness): ICC14-TRAD-ABRCRTI-US01 or TRAD-ABRCRTIXX01-2014; Accelerated Death Benefit Rider (for Terminal Illness): ICC14-TRAD-ABRTI-US01 or TRAD-ABRTI-XX01-2014; Accidental Death Rider: ICC19-WL-ADR-US01 or WL-ADRXX01-2011; Children’s Term Rider: ICC19-WL-CTR-US01 or WL-CTR-XX01-2019; Common Carrier Accidental Death Rider: ICC19-WL-CCADR-US01 or WL-CCADR-XX01-2019; Family Health Benefit Rider: WL-FHB-XX01-2011; Flexible Payment Paid-up Additions Rider: ICC19-WL-FPUAR-US01 or WL-FPUAR-XX01-2019; Guaranteed Insurability Rider: ICC19-WL-GIRUS01 or WL-GIR-XX01-2019; Single Payment Paid-up Additions Rider: ICC19-WL-SPUAR-US01 or WL-SPUAR-XX01-2019; Term Rider: ICC19-WL-TR-US01 or WL-TR-XX01-2019; Waiver of Premium Rider: ICC19-WL-WPR-US01 or WL-WPR-XX01-2019.
3 Loans can be taken if the certificate is in effect and has a positive cash surrender value. 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. Death benefit payable is net of the outstanding certificate loan amount(s) (loan amount includes accrued interest). If, at any time, the loan amount 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, their employees and life insurance representatives, do not provide, on Foresters behalf, legal or tax advice. The information given here is merely a summary of our understanding of current laws and regulations. Advise your clients and prospective purchasers to consult their tax or legal advisor.
5 The Accelerated Death Benefit Rider provides an option to accelerate a portion of the eligible death benefit and receive a payment. The payment, due to diagnosis of an eligible illness, may be less than the acceleration amount which may be subject to a fee, an actuarial discount amount and other applicable deductions. Payment will decrease certificate values and benefits and may affect eligibility for public assistance programs. Receipt of an accelerated death benefit payment under the rider is intended to qualify for favorable tax treatment under section 101(g) of the Internal Revenue Code (IRC). Specific situations may result in a taxable event. For California certificates: This is a life insurance certificate with a rider that also gives you the option to accelerate some or all of the death benefit in the event that you meet the criteria for a qualifying event described in the rider. This certificate does not provide long-term care insurance subject to California long-term care insurance law. This certificate is not a California Partnership for Long-Term Care program policy. This certificate is not a Medicare supplement policy.
6 Foresters will pay the eligible designated charitable organization in the name of the insured. The designated charitable organization must be an accredited 501(c)(3) organization under the Internal Revenue Code and eligible to receive charitable contributions as defined in section 170(c) of that code.
Foresters products and their riders are underwritten by The Independent Order of Foresters and may not be available or approved in all states and are subject to eligibility requirements, underwriting approval, limitations and state variations. If you have questions regarding Foresters products and their riders, please contact your insurance agent or contact Foresters to be connected with an agent in your area.
1 Dividends are not guaranteed. Past dividends are not an indicator of future dividend performance. Dividend withdrawals will reduce the death benefit and cash values and may affect how long the insurance contract is in effect.
2 Foresters Advantage Plus II and its 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 Advantage Plus II Life Insurance contract for your state for these terms and conditions. Foresters Advantage Plus II and its riders are filed under the following form numbers, where “XX” represents either “US” or your state’s postal abbreviation, as applicable. Foresters Advantage Plus II: ICC19-WL-US01 or WL-XX01-2019; Accelerated Death Benefit Rider (for Chronic, Critical and Terminal Illness): ICC14-TRAD-ABRCHCRTI-US01 or TRAD-ABRCHCRTI-XX01-2014; Accelerated Death Benefit Rider (for Critical and Terminal Illness): ICC14-TRAD-ABRCRTI-US01 or TRAD-ABRCRTIXX01-2014; Accelerated Death Benefit Rider (for Terminal Illness): ICC14-TRAD-ABRTI-US01 or TRAD-ABRTI-XX01-2014; Accidental Death Rider: ICC19-WL-ADR-US01 or WL-ADRXX01-2011; Children’s Term Rider: ICC19-WL-CTR-US01 or WL-CTR-XX01-2019; Common Carrier Accidental Death Rider: ICC19-WL-CCADR-US01 or WL-CCADR-XX01-2019; Family Health Benefit Rider: WL-FHB-XX01-2011; Flexible Payment Paid-up Additions Rider: ICC19-WL-FPUAR-US01 or WL-FPUAR-XX01-2019; Guaranteed Insurability Rider: ICC19-WL-GIRUS01 or WL-GIR-XX01-2019; Single Payment Paid-up Additions Rider: ICC19-WL-SPUAR-US01 or WL-SPUAR-XX01-2019; Term Rider: ICC19-WL-TR-US01 or WL-TR-XX01-2019; Waiver of Premium Rider: ICC19-WL-WPR-US01 or WL-WPR-XX01-2019.
3 Loans can be taken if the certificate is in effect and has a positive cash surrender value. 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. Death benefit payable is net of the outstanding certificate loan amount(s) (loan amount includes accrued interest). If, at any time, the loan amount 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, their employees and life insurance representatives, do not provide, on Foresters behalf, legal or tax advice. The information given here is merely a summary of our understanding of current laws and regulations. Advise your clients and prospective purchasers to consult their tax or legal advisor.
5 The Accelerated Death Benefit Rider provides an option to accelerate a portion of the eligible death benefit and receive a payment. The payment, due to diagnosis of an eligible illness, may be less than the acceleration amount which may be subject to a fee, an actuarial discount amount and other applicable deductions. Payment will decrease certificate values and benefits and may affect eligibility for public assistance programs. Receipt of an accelerated death benefit payment under the rider is intended to qualify for favorable tax treatment under section 101(g) of the Internal Revenue Code (IRC). Specific situations may result in a taxable event. For California certificates: This is a life insurance certificate with a rider that also gives you the option to accelerate some or all of the death benefit in the event that you meet the criteria for a qualifying event described in the rider. This certificate does not provide long-term care insurance subject to California long-term care insurance law. This certificate is not a California Partnership for Long-Term Care program policy. This certificate is not a Medicare supplement policy.
6 Foresters will pay the eligible designated charitable organization in the name of the insured. The designated charitable organization must be an accredited 501(c)(3) organization under the Internal Revenue Code and eligible to receive charitable contributions as defined in section 170(c) of that code.