Advantage Plus II Whole Life Insurance

A financial tool with your family’s well-being in mind

Foresters Advantage Plus II Whole Life is a life insurance solution designed to help meet your financial needs and take care of your loved ones because it offers:

Death benefit amount, premium amounts, and cash values that are guaranteed for your lifetime.
Advantage Plus II Whole Life is a participating product, which means it has the potential for dividends. These dividends can purchase additional paid-up insurance and build additional cash value, be left on deposit to accumulate with interest, reduce premiums, or be paid in cash.

Product overview

Your life insurance needs are as unique as the changing needs of your family. Advantage Plus II Whole Life² provides the flexibility to custom build a plan that will help you to provide financial security for your loved ones.

Features and benefits

With Foresters Advantage Plus II, you’re in control; building the coverage you want such as adding optional coverage for the unexpected.

Advantage Plus II has lifetime death benefit protection, guaranteed cash value, and guaranteed premiums, with premium payment options of either a 20-pay or pay to age 100.

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 borrow¹ against the cash values to help deal with temporary needs or emergencies and repay it later. Any outstanding loans, plus interest, will reduce your death benefit.

Provides lifetime life insurance coverage (up to age 121)
Guaranteed level premiums payable for either 20 years or to age 100
Allows you to borrow and use the insurance as collateral for a loan (this will reduce the death benefit¹)
Generally provides an income tax-free death benefit⁴

PLUS: Foresters Charity Benefit provision - when a claim is paid to the beneficiaries, 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.

Building your base coverage

Always start with life insurance coverage that you anticipate you’ll need to help ensure the financial security of your family if you happen to die prematurely. Think about both your current financial obligations as well as your future obligations. For additional coverage, you can add a Paid-up Additions Rider with a one-time payment or flexible payments. A Paid-up Additions Rider provides both additional death benefit and cash value.

Short-term needs

By adding a 10 or 20 year Term Rider, you can maximize your coverage for short-term obligations, such as covering a mortgage. Term riders provide death benefit at a lower cost and can be converted to permanent coverage without additional evidence of insurability.

Built-in protection

Advantage Plus II² has additional built-in coverage that is automatically included with no additional premium:

Accelerated Death Benefit Rider³: Provides an option to accelerate a portion of the eligible death benefit and receive a payment³. Subject to eligibility criteria and state variations, this rider can be issued with one or more of the eligible illnesses - Critical Illness, Chronic Illness or Terminal Illness with no additional premium.
Common Carrier Accidental Death Rider²: Automatically included to provide 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 bus or a train.
Family Health Benefit Rider²: Automatically included to pay a benefit you can use to help pay some certain family health expenses that may occur as a result of some natural disasters, such as earthquakes, hurricanes, and tornadoes.

Comparing Accelerated Death Benefits with Long-term Care Insurance

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. 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 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.

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. 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. 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.

Extending your protection

In addition to the Paid-up Additions Rider and Term Riders, Foresters Advantage Plus II also has optional coverage options to help you with the unexpected:

Children’s Term Rider²: Provide term life insurance coverage for your children which can be converted to permanent coverage without evidence of insurability.
Waiver of Premium Rider²: Waives your premium if you are totally disabled and unable to work for at least 6 months.
Accidental Death Rider²: Add additional coverage in case of death due to accidental bodily injury.

Access your cash value

When you need money, you have the ability to borrow against the cash value that has built up in the Advantage Plus II certificate at affordable interest rates, and pay it back later¹.

Additional information

Dividend policy

Foresters products and their riders 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 Financial to be connected with an agent in your area.

¹Dividend withdrawals or loans will reduce the death benefit and cash values and may affect how long the insurance contract is in effect. For loans, interest is charged daily at the current Foresters U.S. variable loan rates. Dividends are not guaranteed.

²Foresters Advantage Plus II Whole Life Insurance (US) is issued by The Independent Order of Foresters. Foresters Advantage Plus II and its riders are filed under the form numbers listed below, where “XX” represents either “US” or your state’s postal abbreviation, as applicable.

Foresters Advantage Plus II: ICC19-WL-US01 or WL-XX01-2019 or in NY, Whole Life: WL-NY01-2019; Accidental Death Rider: ICC19-WL-ADR-US01 or WL-ADR-XX01-2019 Term Rider: ICC19-WL-TR-US01 or WL-TR-XX01-2019 Single Paid-Up Additions Rider: ICC19-WL-SPUAR-US01 or WL-SPUAR-XX01-2019 Flexible Paid-Up Additions Rider: ICC19-WL-FPUAR-US01 or WL-FPUAR-XX01-2019 Children’s Term Rider: ICC19-WL-CTR-US01 or WL-CTR-XX01-2019 Guaranteed Insurability Rider: ICC19-WL-GIR-US01 or WL-GIR-XX01-2019 Waiver of Premium Rider: ICC19-WL-WPR-US01 or WL-WPR-XX01-2019 or in NY, Total Disability Waiver of Premium Rider: WPR-NY01-2019; Common Carrier Accidental Death Rider: ICC19-WL-CCADR-US01 or WL-CCADR-XX01-2019 Family Health Benefit Rider: WL-FHB-XX01-2011

³The payment of the ABR benefit, due to diagnosis of an eligible illness, may be substantially less than the acceleration amount which may be subject to a fee, an actuarial discount amount and other applicable deductions. Payment of an ABR benefit will decrease the certificate's face amount and death benefit.

(If applicable)
This is a rider that is attached to a life insurance policy that accelerates the death benefit on account of chronic illness and is not a health insurance certificate providing long term care insurance subject to the minimum requirements of New York Law, does not qualify for the New York State Long Term Care Partnership Program and is not a Medicare supplement certificate.

(If applicable)
Accelerated Death Benefit Rider provides an option to accelerate a portion of the eligible death benefit and receive a payment. 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. Payment of accelerated death benefits under these riders are intended to receive favorable tax treatment under section 101(g) of the Internal Revenue Code (26 U.S.C. Sec. 101(g)).

Receipt of the accelerated death benefits may affect eligibility for public assistance programs. Receipt of the accelerated death benefits may be taxable.

⁴Foresters, their employees and life insurance representatives, do not provide, on Foresters behalf, legal or tax advice. Prospective purchasers should consult their tax or legal advisor.

⁵Foresters 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 Financial and Foresters are trade names and trademarks of The Independent Order of Foresters (a fraternal benefit society) and its subsidiaries.

412729 US 04/20

Advantage Plus II Whole Life Insurance

Product overview

Features and benefits

Building your base coverage

Short-term needs

Built-in protection

Comparing Accelerated Death Benefits with Long-term Care Insurance

Extending your protection

Access your cash value

Additional information

Products & solutions

Tools & guides

Customer care

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