BrightFuture Children’s Whole Life​

BrightFuture by Foresters Financial™ is a whole life insurance contract designed specifically for those currently under the age of 18. It comes with many attractive features, offering life insurance protection for your children or grandchildren, plus some additional peace of mind for you.

• You can guarantee their future insurability at a low cost. No matter how their health unfolds as the years go by, they will always be able to obtain life insurance coverage.
• The built-in Guaranteed Insurability Rider permits them to increase their death benefit amount at certain ages or life events, without any further underwriting.
• The premiums, death benefit amount and cash values are guaranteed for their lifetime. And with death benefit amounts ranging from $5,000-$75,000, you can purchase the coverage you feel is appropriate.
• As the owner of the certificate, you can decide to transfer ownership of the certificate to your child or grandchild at an age and time of your choosing.¹ Once transferred, they can adjust their coverage as they deem necessary.

You can get further protection for your child or grandchild with up to 3 additional riders at no additional premium:

• Accelerated Death Benefit Rider (Terminal Illness): Provides an option to accelerate a portion of the eligible death benefit and receive a payment.².Subject to eligibility criteria and state variations, this rider can be issued if the insured is diagnosed with one or more of the eligible terminal illnesses.
• Common Carrier Accidental Death Benefit Rider: Provides an additional death benefit if the insured dies 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 Rider: Pays a benefit that can be used to help cover certain family health expenses that may occur as a result of natural disasters, such as earthquakes, hurricanes, and tornadoes.

With BrightFuture, you’re not just buying life insurance. You are also giving your child the gift of a Foresters membership.³ As they get older, they can appreciate being a part of a group of like-minded individuals keen to make a difference in the world. They may even take on a leadership role in the organization, helping to strengthen their local community. With membership, Foresters offers the kind of meaning today’s youth crave.

The child will have access to member benefits and/or the member benefits portal when they turn 16. Some member benefits, such as LawAssure⁴ and hosting a Community Grants Program event, require an applicant to be 18 to apply. (However, they only have to be 16 to attend one of these events.)

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.

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.

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.

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.

Dividend policy