We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (18,682)
  • Industry Conferences (5)
  • Industry Job Openings (4)
  • Moore on the Market (243)
  • Negative Media (139)
  • Positive Media (73)
  • Sheryl's Articles (691)
  • Wink's Articles (285)
  • Wink's Inside Story (257)
  • Wink's Press Releases (107)
  • Blog Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • August 2006
  • Foresters Financial announces 4.75 percent UL crediting rate, one of the highest rates industry wide

    June 22, 2022 by The Independent Order of Foresters

    TORONTOJune 21, 2022 /PRNewswire/ – Foresters Financial™ (Foresters), the fraternal life insurer that’s boldly redefining the life insurance industry through innovation, purpose and wellness, today announced that the non-guaranteed crediting rate on its SMART Universal Life Insurance (“SMART UL”) [1]  will increase from 4.50 percent to 4.75 percent across new and many in-force certificates. This increase positions SMART UL as offering one of the highest rates in the life insurance industry. [2] 

    SMART UL combines cost-effective permanent life insurance protection with the potential for tax-deferred cash value accumulation. At 4.75 percent, SMART UL offers stronger cash accumulation potential for savings or retirement planning needs, which may be ideal for members seeking to offset the sudden, rapid rise of inflation.

    Foresters Financial US President, Matt Berman, said, “In short order, we shifted from a low interest-rate environment to one defined by inflation that’s taking a toll on everyone, including our SMART UL certificate holders. We’re pleased to announce this meaningful rate increase to help our members offset the impact of rising prices and contribute to their financial wellbeing and savings.”

    “For nearly 150 years, Foresters has returned value to its certificate holders and members through innovative member benefits, products, and service offerings that promote a lifetime of wellbeing and align with Foresters fraternal purpose to enrich the lives of hard-working families and their communities.  This is the latest example of our commitment to these values by returning equity to those we serve.”

    Life Insurance with a Larger Purpose

    Bringing a better, new normal to everyday North American families, Foresters offers a suite of unique member benefits, and is redefining the conventional life insurance model. Foresters member benefits include the digital wellness app Foresters Go, opportunities for scholarships, orphan benefits, community volunteer grants, document preparation service to create Wills and related documents, Lifelong Learning, and more.

    About Foresters Financial

    Foresters Financial is quietly transforming the life insurance industry across the U.S. and Canada by enriching the lives, communities, and overall well-being of its members. Agents and members alike appreciate the turnkey-decisioned product offerings and end-to-end digitized processes that make it easy to get life insurance without traditional medical exams (Insurability depends on answers to medical and other application questions and underwriting searches and review). State-of-the-art mobile tools help agents deliver tailored plans to prospective and current members. Unique to fraternal life insurers, Foresters offers a suite of member benefits, redefines the conventional life insurance model and brings improved financial security and overall wellness to everyday North American families. Foresters Financial is the trade name for The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. For twenty straight years, The Independent Order of Foresters has received an “A” (Excellent) rating from A.M. Best. [3] 

    For information purposes only.

    Foresters Financial, Foresters, Helping Is Who We Are, Foresters Care, 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, ONCanada M3C 1T9) and its subsidiaries. 

    Canada Protection Plan is a trademark of Canada Protection Plan Inc.

    ________________________

     

    [1] Applies to all SMART UL applications dated on or after September 22, 2018, excluding CA and NY, and in CA and NY, on all SMART UL applications dated on or after May 11, 2019. Rate subject to change. Foresters SMART Universal Life and its riders may not be available or approved in all states and are subject to underwriting approval, limitations, contract terms and conditions, and state variations. Refer to the Foresters SMART Universal Life Insurance contract for your state for these terms and conditions. Foresters SMART Universal Life is filed under the following form numbers listed below, where “XX” represents either “US” or your state’s postal abbreviation, as applicable. Foresters SMART Universal Life: ICC18-UL-SMART-US01 or UL-SMART-XX01-2018 or UL-SMART-FL02-2018.

     

    [2] Based on benchmarking against various carriers with a mix of direct competitors and other general carriers in the industry.

     

    [3]  The A.M. Best rating assigned on July 29, 2021, reflects the overall strength and claims-paying ability of The Independent Order of Foresters (IOF) but does not apply to the performance of any non-IOF issued products.  An “A” (Excellent) rating is assigned to companies that have a strong ability to meet their ongoing obligations to policyholders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by. A.M. Best Company. A.M. Best assigns ratings from A++ to F, A++ and A+ being superior ratings and A and A- being excellent ratings. See ambest.com for our latest rating.

    SOURCE The Independent Order of Foresters

    Originally Posted at CISION PRNewswire on June 21, 2022 by The Independent Order of Foresters.

    Categories: Industry Articles
    currency