Interest Sensitive Whole Life Insurance

Lifetime of protection — ISWL is a permanent life insurance policy. If the premiums are paid on time, coverage will last a lifetime (up to age 121). Your death benefit will never decrease as long as there are no outstanding loans.  

Fixed premium — Your premiums will stay at the same level as long as the policy is in force, regardless of economic conditions or the state of your health. Premium payments stop at age 100.

Accumulation Value — The fund that builds in an ISWL policy is called the "Accumulation Value." The Accumulation Value grows at a guaranteed¹ minimum interest rate plus the potential of a company-declared excess interest rate, all income tax deferred. As a permanent life insurance policy, ISWL builds Accumulation Value on an income tax-deferred basis. Over many years, your Accumulation Value may be a significant amount of money you can use to:

• Help pay for a child's education
• Help when buying a new home
• Provide additional funds at retirement  

Access to your Accumulation Value — Subject to policy provisions, policy loans provide access to your Accumulation Value for any reason at any time.  

Interest Rate Crediting — An ISWL policy provides two ways for the Accumulation Value to grow:

• The security of a guaranteed² minimum interest rate.  A guaranteed annual interest rate is credited to the Accumulation Value of your ISWL policy.
• The potential for additional Accumulation Value growth from declared excess interest rates.  Foresters Life Insurance and Annuity Company may from time to time declare an excess interest rate that will automatically be included in the calculation of the Accumulation Value.  

Faster growing Accumulation Value — The deduction of current cost of insurance charges, which are generally lower than the guaranteed maximum rates, allows for faster and higher Accumulation Value growth.  

Option to suspend premiums — There may come a time when it may be convenient for you to not have to pay your ISWL premium. If that circumstance occurs and your Accumulation Value meets the policy's requirements, you may elect to suspend premium payments for as long as your policy remains qualified. Choosing whether or not to suspend is an important decision because suspension of premium payments will slow the growth of your Accumulation Value.  

Income Tax-Free Death Benefit — With ISWL, death benefits paid to beneficiaries are not subject to federal income tax. In addition, the death benefit is generally not subject to the costs and delays of probate if paid to a named beneficiary or beneficiaries.  

Income Tax-Deferred Growth — With ISWL, the Accumulation Value accumulates on a tax-deferred basis inside the policy. Tax deferral allows the Accumulation Value to grow more quickly and to higher levels than if they were currently taxed.  

Interest Sensitive Whole Life also has optional coverage options to help you with the unexpected:  

Waiver of Premium - If you are 18-55 years of age you may purchase a Waiver of Premium rider. With this rider, all premiums falling due after the date you become disabled will be waived and the waiver will last for as long as your disability continues. Disability, for this purpose, includes a total disability that continues for at least six months. Waiver of Premium only applies to disabilities that begin before the policy anniversary when you reach age 60.  

Term Insurance Rider - You may purchase extra term insurance protection in addition to the Death Benefit provided by your policy for either 10 or 20-year periods. The additional coverage is purchased in the form of a rider to the policy. Coverage is equal to at least $25,000 and may be up to five times your policy's Face Amount. The rider is convertible, without evidence of insurability, to a new permanent plan of insurance. The amount of insurance under the conversion policy may be any amount up to the face amount of the rider, subject to our minimums then in effect. The conversion may occur at any time during the premium paying period, but no later than when you reach age 65. 

Accidental Death Benefit - You may elect to purchase an Accidental Death Benefit rider up to 60 years of age. This rider provides for an additional fixed amount of death benefit in the event the insured dies from accidental bodily injury before the age of 70. The amount of the benefit is at least equal to the face amount of the policy, but cannot exceed an amount equal to $200,000 minus the sum of all your existing or applied for accidental death benefit coverage.

Spouse's Term Life Insurance Rider - You may purchase term life insurance for your spouse in the form of a rider to the policy. The Spouse Term Insurance Rider provides a death benefit of $25,000 and is offered on simplified issue underwriting basis. The spouse to be insured may not be 10 years older or younger than the Proposed Insured individual under the policy. The rider is convertible without evidence of insurability at the spouse's attained age within 60 days prior to either a premium increase, the expiration of coverage under the Rider or when the Insured attains age 65. If the Insured dies during the premium-paying period, the spouse's coverage continues as paid up term insurance, without any further premium due.  

Children's Term Life Insurance Rider - You may purchase life insurance for your children. The Children's Term Insurance Rider allows you to buy between $5,000 and $15,000 for each qualified child you may have for one annual premium. Children born, adopted, etc. after the issue date of the policy are automatically insured as long as they are qualified under the terms of the rider. The rider is convertible, without evidence of insurability to an individual policy in the name of any Insured Child at the earlier of when they reach 25 years of age or the Insured attains age 65. If the Insured dies during the premium-paying period, any Insured Child's coverage continues as paid up term insurance to the child's age 25 without any further premium due.