Foresters Financial

Toll-free        800-828-1540 from 8 a.m. to 8 pm. ET

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Foresters Financial
PO Box 179
Buffalo, NY 14201

There are many reasons to purchase life insurance. Certainly, adults want to provide financial protection for their surviving loved ones and life insurance is the most affordable solution for doing this.

Another purpose for life insurance which applies to everyone is to cover final expenses that we all leave to surviving loved ones when we die. There is simply no affordable way to guarantee that the money will be available to pay for funeral and burial expenses and other final expenses when we die.

If you already have life insurance and didn’t consider the costs to cover final expenses, you are probably underinsured when it comes to providing financial protection for your family or loved ones. And if, for whatever reason, you are not carrying any life insurance, now is the time to purchase final expense insurance because it will never be cheaper to purchase than it is today.

NOTICE: We are not Foresters. If you wish to contact the company directly, you can call them during normal business hours at (800) 828-1540 or send them an email at


Final Expense Insurance from Foresters


When it comes to traditional life insurance carriers, Foresters Life Insurance Company is anything but traditional. The company is owned by the Independent Order of Foresters, one of the leading fraternal organizations and is headquartered in Canada. The Independent Order Foresters (IOF) is a large fraternal society which is governed by its members and policyholders and does not answer to stockholders.

Foresters Life Insurance Company’s parent company, Foresters Financial, was established 145 years ago in 1874 with a mission to help ordinary individuals and families meet their long term financial goals. Foresters Life Insurance offers quality and competitive insurance and financial products in the U.S., Canada, and the United Kingdom.


Foresters Life Insurance Financial Stability

While increasing the company’s footprint over many decades, Foresters has continually met financial goals and maintained high ratings from A.M. Best Rating Services and the company posts its financials on the company website for the end of each year.

The highlight each year for Foresters is that they receive an “A” rating from A.M. Best rating services which means they will pay their claims and operating expenses without difficulty. The company boasts increases in insurance and financial product sales each year and consistently provides resources for member communities through various outreach organizations and scholarship funds.

What is Final Expense Insurance Used For?

Final expenses are the expenses we leave to surviving loved ones when we die. The largest portion of this group of expenses are the costs of a funeral and burial. In today’s economy, the average cost of a funeral in the United States runs between $9,000 and $12,000 but can certainly be more, depending on additional services that many people purchase when saying goodbye to a loved one.

Also, included in final expenses are unpaid medical expenses that are typically incurred leading up to the death of an individual and in many cases. nursing home costs that are not paid by the individual’s health insurer.

We have found that the average death benefit for seniors who purchase final expense insurance is between $20,000 and $35,000.


Final Expense Plans from Foresters

Foresters is commonly one of the “go-to” final expense companies for most independent agents. The company’s final expense plans are very popular among seniors because the company will offer life insurance to virtually anyone regardless of their health status and they do not require a medical exam.


PlanRight Whole Life Final Expense Insurance

Foresters’ PlanRight Whole Life insurance product offers three solutions for seniors who are shopping for life insurance to cover final expenses. It is a popular choice for seniors who are looking for a lower death benefit, level premiums, permanent insurance, and affordable monthly premiums. The company offers three plans to accommodate the needs of the applicant.


Level Benefit Plan
The level benefit plan offers liberal underwriting and provides coverage from the first day a policy is issued. The death benefit is guaranteed for the life of the policyholder as long as premiums are paid, the premiums cannot be increased by the company, and the policy builds cash value over time that can be accessed through policy loans, withdrawals, or surrendering the policy.


Graded Benefit Plan
The Foresters graded benefit plan was designed for applicants who cannot medically qualify for the level benefit plan. The death benefit is paid on a graded basis for the first two years. If the insured dies during the first year of coverage, the beneficiary would receive 30% of the death benefit, in the second year they would receive 70%, and from three years on, the full death benefit would be paid. Additionally, the maximum allowed for a graded benefit policy is $20,000.


Modified Benefit Plan
The modified benefit plan was designed for applicants who were unable to qualify for the level benefit or graded benefit plans. It also has a waiting period that applies to the death benefit. If the insured dies during the first two years, the beneficiary would receive 110% of all premiums paid into the policy. Beginning in year three, the full death benefit would be paid.


All three PlanRight plans are built using whole life insurance and come with the same guarantees and benefits found in traditional whole life policies. They are all guaranteed for life as long as the premiums are paid, they are all guaranteed to have level premiums that will not change for any reason, and they all build cash value over time that can easily be accessed by the policyholder.

The only difference between them is the pricing, the underwriting, and how the death benefit is paid to the beneficiary if the insured dies in the first two years.

 Here are actual rates for a  male non-smoker for a $15,000 final expense policy 


Age of ApplicantLevel BenefitGraded BenefitModified Benefit


Other Life Insurance Products from Foresters


Foresters Financial offers a comprehensive portfolio of insurance products to accommodate your individual circumstances and budget:


Term Life Insurance
Term Life is a great solution for individuals and families who want to replace lost income in the event of an unexpected death of a breadwinner. This type of policy can be used to pay living expenses, take care of education expenses, pay off a mortgage, and fund a retirement plan. Term is the most affordable solution when a large death benefit is required.


Universal Life Insurance
Universal Life Insurance is flexible life insurance that provides a guaranteed death benefit combined with a cash-value component that earns interest over time. As the policy accumulates wealth over time, the cash value can be accessed through policy loans or withdrawals.


Whole Life Insurance
Whole Life Insurance is typically preferred by individuals who want the guarantees and benefits that Whole Life offers. The policy cannot be canceled by the company as long as premiums are paid, the premium can never be increased, and since this is permanent insurance, the policy will earn a guaranteed interest rate over time.


Our Opinion of Foresters


As an independent insurance agency, we are pleased to represent Foresters Life Insurance Company and as such, we are able to continually offer their very competitive products to seniors who are looking for final expense insurance. Foresters provides a complete portfolio of insurance products and annuities and they continue to be a go-to company for our agency because of their superior products and outstanding customer service.


Speak with a Professional
For more information about Final Expense Insurance from Foresters and get a free and confidential quote, call the insurance professionals at (866) 691-0100 during normal business hours or contact us through our website.

speak with a Professional

For more information, call an insurance professional at (866) 868-0099 during normal business hours or contact us through our website.

Richard Reich

CEO - Licensed Agent

Richard Reich CEO and Licensed agent

In my 20+ years as an independent life and disability insurance broker, I have personally assisted thousands of clients with their life and disability insurance needs.  Being independent, I represent many highly-rated insurance companies and, because I am not beholden to any one insurance company, my focus is to find the right company and policy for each individual client. I believe that when people shop for insurance (or anything else, for that matter) on the Internet, they are looking for a simple, non-intrusive, non-pressure method of doing so.  I strive to treat my prospective clients with the utmost respect and I believe an educated prospect can make the right decision without sales pressure. Please feel free to contact me at your convenience.