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Foresters Term Life Insurance
Get up-to-speed fast on all the features of Foresters Term Life Insurance with our detailed Advisor Guide.
More sales opportunities with Foresters Term1
Some of the lowest term rates in the industry
Three plan available: Term 10, Term 20 and Term 30
Amazing built-in features including a Charity Benefit provision2 and Bereavement Assistance
Affordable Joint First-to-die option for couples
Coverage up to $5,000,000 and larger amounts of up to $25,000,000 available by special quote
No initial paramedical or lab work required for up to $1,000,000 for ages up to 50 and $500,000 from ages 51-55
Insured have access to a suite of member benefits2 they can use to help them live richer, fuller lives
Competitively priced with valuable built-it features
| Term 10 | Term 20 | Term 30 | |||||||||||
| Issue ages (Age nearest birthday) |
18 to 75 | 18 to 65 | 18 to 55 | ||||||||||
| Issue limits (Larger amounts available by special quote) |
Minimum: $100,000 Maximum: $5,000,000 |
Minimum: $100,000 Maximum: $5,000,000 |
Minimum: $50,000 Maximum: $5,000,000 |
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| Renews automatically at renewal premium rates | Every 10 years | Every 20 years | 5-year terms after the initial 30 year term | ||||||||||
| Preferred underwriting (Preferred Plus and Preferred classes are available at amounts of $1,000,001 or more) |
Non-Smokers: Preferred Plus | Preferred | Standard Smokers: Preferred | Standard |
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| Joint coverage (Max two lives) |
Joint First-to-Die | ||||||||||||
| Modal factors and policy fees |
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| Conversion privilege | Term insurance policies may be converted without evidence of insurability to any permanent insurance plan offered by Foresters for conversion at that time, prior to the policy anniversary nearest the insured person’s 71st birthday (which in some cases will be prior to, and in some cases after, the birthday). A Joint First-to-die policy may be converted prior to the policy anniversary nearest the oldest insured person’s 71st birthday. | ||||||||||||
| Exchange privilege | This privilege allows the policy owner, between the 2nd and 5th policy anniversaries, to exchange a term insurance policy in its entirety for a term insurance policy with a longer term as long as Term products continue to be offered by Foresters at the time of the exchange. | ||||||||||||
| Built-in features (contractual) | Charity Benefit provision Bereavement Assistance Survivor Privilege (JFTD) |
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| Term riders | Spousal T10 | Term 10, Spousal T10, Spousal T20 | Term 10, Spousal T10, Term 20, Spousal T20, Spousal T30 | ||||||||||
| Other riders | Children’s Term Life Insurance Rider Accidental Death Rider Waiver of Premium Rider |
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Built-in features (contractual)
Charity Benefit Provision3
Foresters will donate 1% (up to $100,000) of the basic insurance amount to a registered charity selected by the insured.
Bereavement Assistance
Up to $1,000 for counseling services to help beneficiaries with their loss.
Survivor Privilege
If an insured person under a Joint First-to-die should die, the survivor may use the Conversion Privilege within 60 days without providing evidence of insurability will provide temporary life insurance coverage on the surviving insured person for 60 days from the date of death or until a new policy has been issued.
Optional riders
Term 10, Term 20 and Term 30 Riders
Provides renewable and convertible term insurance on the insured person and/or that person’s spouse.
Children’s Term Life Insurance Rider
This rider provides term insurance protection for the insured person’s children between the ages of 15 days and 25 years. The premium is guaranteed and payable for 20 years. This rider includes a valuable conversion privilege, allowing each insured child to convert their coverage to a new permanent insurance certificate without evidence of insurability, for an amount up to 10 times the amount of term insurance in effect under the rider or $250,000, whichever is less.
Accidental Death Rider
Provides additional coverage in the event of accidental death. Death must arise solely as a direct result of an accident that occurs while this rider is in effect.
Waiver of Premium Rider
This benefit will automatically waive the monthly premium in the event of the total disability of the person insured under this rider.
Sky illustration software
Sky is Foresters easy-to-use illustration software. It allows you to easily run product illustrations and create personalized quotes.
eAccess
Our easy-to-use eAccess platform lets you complete an online application with your clients, whether you are meeting with them face-to-face or remotely. If you’ve already registered for eAccess, login here to write an app. Or click here to register your code for eAccess.
Applications
E-Signature Applications (Docusign, OneSpan and Adobe Sign)
E-Signature Application for Insurance: Fillable PDF version
E-Signature Application for Insurance
E-signature Guide (DocuSign, OneSpan and Adobe Sign)
Wet Signature Applications
Application for Insurance: Fillable PDF version
Application for Insurance
Marketing materials
Share our easy-to-understand marketing materials with prospect to help grow your business.
Member benefits
When your clients purchase a life insurance certificate from Foresters or Canada Protection Plan, the insured person becomes a member. Members have access to a suite of member benefits they can use to help them live richer, fuller lives.
Case studies
Check out these case studies for sales ideas you can use with your clients.
1 Underwritten by The Independent Order of Foresters.
2 Foresters member benefits are non-contractual, subject to benefit specific eligibility requirements, definitions and limitations and may be changed or cancelled without notice or are no longer available.
3 When a claim is paid to the beneficiaries, Foresters will pay (up to $100,000) the eligible designated charitable organization in the name of the insured. The designated charitable organization must be registered as a charity with the Canada Revenue Agency. The Charity Benefit will only be paid if an eligible beneficiary for the benefit has been designated, prior to, and is in effect on, the date of the death of the insured.
2 Foresters member benefits are non-contractual, subject to benefit specific eligibility requirements, definitions and limitations and may be changed or cancelled without notice or are no longer available.
3 When a claim is paid to the beneficiaries, Foresters will pay (up to $100,000) the eligible designated charitable organization in the name of the insured. The designated charitable organization must be registered as a charity with the Canada Revenue Agency. The Charity Benefit will only be paid if an eligible beneficiary for the benefit has been designated, prior to, and is in effect on, the date of the death of the insured.
422909 CAN (01/24)
Contact our dedicated WFG Services
Emails:
Contract Set Up: wfgcontracting@cpp.ca
New Business: newbusiness@cpp.ca | wfgcasemanager@foresters.com
InForce: customerservice@cpp.ca | clientservice@foresters.com
Underwriting Inquiry: underwriting@cpp.ca | underwritinginquiries@foresteres.com
Online Policies (for password): wfgcontracting@cpp.ca | wfgsupport@cpp.ca
Illustration/Sales Support: wfgsupport@cpp.ca
Bilingual WFG dedicated Support line: 1-844-934-6060
Working hours:
9am – 6pm ET
Contact to your Regional Vice President for more information!
© 2024 Canada Protection Plan, CANADA PROTECTION PLAN and the logo are trademarks of Canada Protection Plan Inc., a Foresters Financial Company, No Medical and Simplified Issue Life and Critical Illness Insurance Underwritten by Foresters Life Insurance Company.
Foresters Financial, Foresters, Helping Is Who We Are, Foresters Care, Foresters Moments, Foresters Renew, Foresters Go and the Foresters Go logo are trade names and/or trademarks of The Independent Order of Foresters (a fraternal benefit society, 789 Don Mills Road, Toronto, ON, Canada M3C 1T9) and its subsidiaries.