Company Description

Foresters is a financial services provider with a unique history that began in 1874 when they set out to provide access to life insurance for average working families. More than 140 years later, Foresters provides investment, life insurance, retirement and savings solutions that help families achieve their long-term financial goals.

 

Product Description

Each of us will likely have to face the death of a close family member one day, and worrying about funeral costs will only add to the pain and grief. While there’s nothing we can do to ease the pain of loss, planning ahead can remove the financial burden of final expenses.

 

According to the National Funeral Directors Association, the average cost of a funeral, including vault, in 2014 was $8,5081 And, this cost does not include the cemetery plot, monument, flowers, obituary or other cash expenses, which could push the cost well over $10,000.

 

Foresters Final Expense Product Highlights

Foresters PlanRight offers three types of coverage – one that can immediately provide a full death benefit and two that provide a limited death benefit in the first two years. Your answers to questions on the application help guide which plan is available to you.

 

Plan Right with a Level Death Benefit

The death benefit is based on4 100% of the face amount. The maximum face amount is $35,000, depending on your age at the time of application.

 

Plan Right with a Graded Death Benefit

The death benefit is a limited benefit in the first two years5, which is based on4 the greater of a) the sum of the total premiums paid accumulated with 4.5% interest6, or b) 30% of the face amount in effect in the first year, and 70% of the face amount in effect during the second year. The death benefit is based on4 100% of the face amount in year three and later. The maximum face amount is $20,000, depending on your age at the time of application.

 

Plan Right with a Modified Death Benefit

The death benefit in the first two years is based on premiums you’ve paid plus 10% annual interest. The death benefit is based on 100% of the face amount beginning in the third year. The maximum face amount is $15,000, depending on your age at the time of application.

 

Foresters Final Expense Additional Benefits

Guaranteed premiums - Unlike some other expenses in life, PlanRight premiums are level and guaranteed to stay the same as long as you keep the coverage.

 

Guaranteed benefits - Your death benefit amount payable is also guaranteed as long as premiums are paid and you can be confident that your PlanRight coverage will never be canceled because of changes in your health while your coverage is in affect.

 

Enhanced PlanRight coverage - You can add, at an extra cost an optional Accidental Death Rider to PlanRight with a Level Death Benefit, which can pay an additional benefit in case of accidental death.

 

All PlanRight certificates automatically include a Common Carrier Accidental Death Rider† that can provide an additional death benefit if you die of accidental injuries that occur while riding as a fare-paying passenger on a common carrier, such as a bus or a train