The Independent Order of Foresters joins Assuris
TORONTO, July 6, 2022 /CNW/ – Foresters Financial™ (Foresters), the fraternal life insurance company boldly redefining the life insurance industry through innovation, purpose and well-being, today announced that the Independent Order of Foresters (IOF) is the first fraternal life insurance company to become a member of Assuris.
Foresters Life Insurance Company, a subsidiary of Foresters that issues term, non-nominal whole life and critical illness insurance products, was already a member of Assuris, but sister organizations such as the IOF are not required to join. IOF, which issues Advantage Plus Par Whole Life, has voluntarily joined Assuris to ensure consistency across all product lines. Now all new and in force Foresters Life & Critical Illness Insurance policies Canada are protected by Assuris.
“Foresters is financially strong and is proud to join forces with Assuris to provide members with added peace of mind. This commitment is aligned with Foresters’ fraternal goal of enriching the lives of hardworking families and their communities,” said Henry Auengpresident of Foresters Financial Canada and the Canadian Defense Plan.
Assuris is an independent, not-for-profit, industry-funded compensatory organization founded in 1990 with the mission of protecting policyholders if their life insurance company fails.
Life Insurance with a Greater Purpose
Bringing a better, new normal to everyday North American families, Foresters offers a suite of unique member benefits and redefines the conventional life insurance model. Benefits for Foresters members including the Foresters Go digital wellness app, scholarship opportunities, orphan benefits, community volunteer grants, wills and related document preparation service, lifelong learning and more. 1
About Foresters Financial
Foresters Financial is redefining the life insurance and individual savings industry in the US, Canada and the UK, enriching the lives, communities and overall well-being of its members. Agents and members appreciate the turnkey product offerings and digitized end-to-end sales processes that make it easy to get life insurance without traditional medical exams. State-of-the-art mobile tools help agents deliver personalized insurance protection to members. Committed to the well-being of its members, Foresters offers a range of member benefits and redefines the conventional life insurance model, providing enhanced financial security and overall well-being to everyday North American families. Foresters joined forces with Canada Protection Plan in 2020 to add its role as a leading life insurance distributor to its Canadian business. Foresters Financial is the trading name of The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. For 21 consecutive years, The Independent Order of Foresters has received an ‘A’ (excellent) rating from AM Best.2
Assuris is a not-for-profit organization that protects Canadian policyholders if their life insurance company goes bankrupt. More details about Assuris protection and its limitations can be found at www.assuris.ca or by calling the Assuris Information Center at 1-866-878-1225.
For information purposes only.
Foresters Financial, Foresters, Helping Is Who Are 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 charity, 789 Don Mills Road, Toronto, Ontario, Canada M3C 1T9) and its subsidiaries.
Canada Protection Plan is a trademark of Canada Protection Plan Inc.
Assuris is a trademark of the Canadian Life and Health Insurance Compensation Corporation.
1 Members of Foresters are insured under a certificate of life insurance or health insurance issued by The Independent Order of Foresters or Foresters Life Insurance Company.
2The AM Best rating, determined 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 products issued outside the IOF. An “A” (excellent) rating is awarded to companies that have a strong ability to meet their ongoing obligations to policyholders and have, in general, excellent balance sheet strength, operating results and business profile compared to standards established by. AM Best Company. AM Best gives grades from A++ to F, with A++ and A+ being superior grades and A and A- being excellent grades. Check out ambest.com for our latest rankings.
SOURCE The Independent Order of Foresters
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