TORONTO--(BUSINESS WIRE)--Foresters Financial™, an international financial services provider, has introduced new, more competitive term life insurance1 rates in Canada. The re-price is part of an ambitious new strategy to significantly enhance and grow Foresters product portfolio and expand business in Canada over the next decade.
Foresters has lowered term rates for some age and face amounts by as much as 9% - no rates have increased.
To help distribution partners and advisors build their businesses and promote the new term portfolio, Foresters has kicked off a unique Giving More campaign.
As part of the campaign, Foresters will donate $25 to Ronald McDonald House Charities® (RMHC®), for every term policy written and settled between May 1 and June 30, 2017, and is challenging MGAs to match the contribution resulting in a total $50 donation for every Foresters term product sold. HUB Financial and OM Financial have both agreed to participate in the campaign. In addition, Foresters will make a further donation, up to $10,000, to equal the donation of the MGA that raises the most money.
“We are very proud to be able work together with our distribution partners to give more to Ronald McDonald House Charities,” said Knut Olson, President, North America Life Insurance and Annuities. “As Foresters Financial continues to build on our financial strength, we look forward to a new decade of growth that will unlock the tremendous potential of our purpose ─ enriching lives and building strong communities.”
Since 2011, Foresters has partnered with RMHC2 to deliver programs that help provide families with the comforts of home so they can focus on what’s most important: the health of their child. Since the partnership began, Foresters has helped support nearly 16,000 resident families, through more than 330 community volunteer activities.
Foresters new term product portfolio rates are available as of May 1, 2017.
About Foresters Financial
Foresters Financial is an international financial services provider with more than three million clients and members in Canada, the United States and the United Kingdom. We provide life insurance, savings, retirement and investment solutions that help families achieve their financial goals and make a lasting difference in their lives and communities. In Canada, products are offered by The Independent Order of Foresters and its subsidiary Foresters Life Insurance Company. Investment products are offered by Foresters Asset Management Inc.
Foresters Financial has assets of more than $13 billion, total funds under management of almost $44 billion and a surplus of $2.1 billion (all figures in Canadian dollars as of December 31, 2016). For more information, visit foresters.com.
Foresters Financial and Foresters are trade names and trademarks of The Independent Order of Foresters (a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9) and its subsidiaries.
1Term life insurance underwritten by Foresters Life Insurance Company.
2Foresters Financial member benefits are non-contractual, subject to benefit specific eligibility requirements, definitions and limitations and may be changed or canceled without notice.
3Ronald McDonald House Charities® (RHMC®) is a registered trademark of McDonald’s Corporation or its affiliates and is used with permission.