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Foresters Life Insurance [Top Review of the Best Policies]

foresters life insurance review

Foresters is currently among our top ten recommended no medical exam life insurance companies. This should make it clear that we hold Foresters in high regard.

So, what sets Foresters apart from the competition?

To start, Foresters is a member-governed organization. This means that they prioritize their customers/members’ interests above the shareholders’ interests. Unlike many companies that focus solely on maximizing shareholder profits, Foresters operates with a member-first approach, which typically results in better outcomes for policyholders.

By putting their members in control, Foresters can provide more personalized and customer-centric service. This approach often results in greater customer satisfaction and loyalty, which is reflected in the company’s positive reputation within the insurance industry.

Overall, Foresters’ member-driven philosophy and commitment to customer service make them a great option for those seeking no medical exam life insuran

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Foresters Life Insurance Ratings

A.M. Best Ratings is one of the best rating agencies out there and they’ve given Foresters an A- as of April 2020.

Life Insurance Products Offered by Foresters

Foresters offers a range of different life insurance policies that will suit a lot of different needs. This is another positive side of Foresters as a life insurance company, and one reason why we feel confident recommending them to our customers.

PlanRight Whole Life Insurance

Are you looking for a simplified issue whole life insurance policy that will last for your whole life? If so, then PlanRight is a great product to consider.

As we mentioned, Foresters is one of our favorite no medical exam companies, and that’s largely because the PlanRight Whole Life Insurance product is so great. The policy comes in three different options:

Fixed Death Benefit: Unlike other no medical exam policies, PlanRight offers a fixed death benefit. This means that your beneficiaries will collect 100% of the amount from day one. Other life insurance companies offer graded policies that only give a fraction of the death benefit for the first two years. This is a slightly more expensive policy option, but it may be worth it.

Graded Death Benefit: This is the policy with the 2 year waiting period. If you’re pretty confident that no health ailment will take your life in the next two years, then you may want to consider this option to help you save money. If you do die within the first 2 years, your beneficiaries will receive the premium paid accumulated with 4.5% interest or 30% of the face amount in year 1 and 70% in year 2.

Modified Death Benefit: Here your beneficiaries will get the premium paid with 10% if you die in the first two years. After 2 years the policy pays out the full death benefit.

LifeFirst Non Medical

Another no medical exam offered by Foresters is LifeFirst. This is a great policy with a much bigger death benefit: up to $250,000 up to age 50.

Smart UL Non Medical

Similar to LifeFirst, there is $250,000 in coverage available, but up to age 55. Up to 70 years old, you can get $150,000.

Foresters: Potential Drawbacks

While we hold Foresters in high esteem as a life insurance company, it’s important to acknowledge that no company is without its limitations or drawbacks. So, what are some of Foresters’ potential downsides?

It largely depends on your individual circumstances and specific needs. For example, if you have a pre-existing health condition that Foresters doesn’t have favorable underwriting for, there may be another life insurance company that’s a better fit for you.

However, this doesn’t mean that Foresters is a bad company or that it’s not a good choice in many situations. In fact, for many people, Foresters may still be an excellent option. It’s important to weigh the pros and cons of Foresters and compare it to other insurance providers to determine which one best meets your needs.

Ultimately, while Foresters may have some drawbacks, it’s still a reputable life insurance company that offers many benefits. By doing your due diligence and carefully assessing your options, you can select the best life insurance provider for your unique situation.

How to Find the Best Life Insurance Policy

Finding the right life insurance company can be compared to finding a soul mate. While there are plenty of great options out there, not all of them may be the perfect fit for you.

So, how do you go about finding the best life insurance company for your specific needs? Our suggestion is to turn to the experts.

Working with an insurance expert can help you navigate the complexities of the insurance industry and find a policy that meets your unique requirements. These professionals have in-depth knowledge of the various life insurance options available, as well as the underwriting criteria and pricing strategies used by different insurance providers.

By consulting with an insurance expert, you can access their expertise and leverage their industry insights to make an informed decision about which life insurance company is right for you. With their guidance, you can find a policy that provides the coverage you need at a price you can afford.

Final thoughts…

Foresters may be an excellent life insurance company, but it’s important to remember that there is no one-size-fits-all solution when it comes to life insurance. While Foresters may offer the best policy for some people, it’s always a good idea to look at all of your options before making a decision.

There are numerous factors to consider when selecting a life insurance policy, such as the type of coverage you need, your age, health, and lifestyle, and your budget. No single insurance company can meet everyone’s needs, so it’s essential to shop around and compare policies from several providers to find the best option for you.

By exploring different options, you can evaluate the coverage and pricing offered by various insurance companies and select a policy that aligns with your financial goals and requirements. Consulting with a knowledgeable insurance agent or broker can also help you navigate the complexities of the industry and identify the best policies for your unique circumstances.

Ultimately, selecting a life insurance policy is a significant decision that can have a lasting impact on your family’s financial security. Taking the time to research your options and find the right policy can provide peace of mind and ensure that you and your loved ones are protected in the event of an unexpected tragedy.

4 comments… add one
  • Tonya June 16, 2019, 10:36 am

    Can you borrow against your life insurance

    • IBUSA June 16, 2019, 5:48 pm


      It would depend on the “type” of life insurance that you purchased. Over time, some whole life insurance policies will accrue cash value within them which can be borrowed, but typically it will take quite a while for any “meaningful” amount of cash to accumulate within them unless of course you are paying large sums of money in advance.



  • beverly a August 17, 2021, 3:08 pm

    I’m looking to purchase funeral insurance( at least 20, 000.00 ) for my sister and my niece. My sister is 59 and my niece is 38.

    • IBUSA August 17, 2021, 4:55 pm

      Sounds good, just give us a call so that we can review what options may be available to you.



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