Final Expense Benefits' Complete Foresters Insurance Guide 2023

Last Updated May 24, 2024

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     Foresters Insurance, with roots stemming back to the 19th century, before the industrial revolution, and even before the advent of electricity. A rich history is certainly interesting, but what does this mean for you and your wallet?

Is Foresters Life Insurance worth your time? We’d like to think so.  Here’s everything you need to know.

The Origin Of Foresters insurance

     Tracing back all the way to 1843, Foresters Insurances’ origins come all the way from the British Friendly Society, an organization that specializes in caring for the sick.  It’s important to note that the original entry requirement to join the society was to best one of the designated members in combat, first with quarterstaffs, then with swords, and finally with cudgels. This eventually was phased out of the entry requirement, as it didn’t make a whole lot of sense in terms of their overarching goal to help the sick.

     Moving forward in time, The Royal Foresters Insurance formed a separate friendly society in which they would exist independently of each other until 1875. The Royal Foresters Insurance membership reached 250,000 in 1906, aligning itself with other fraternal societies throughout the 20th century. These fraternal organizations were the first introduction of life insurance in the world, as they extended life/health benefits to members as part of their organization. Foresters Insurance continued to grow, and it would permanently convert to a focus on commercial life insurance in 2019.

Notable Developments

What Are My Coverage Options With Foresters Life Insurance?

They offer Term, Whole Life, Universal, and Final Expense Insurance. 

Whatever policy you need, Foresters Insurance brings a large variety of policy types and different riders. 

What can you expect?

Foresters Insurance Term Life Insurance

     Standard Coverage, or “pure” life insurance.  Term Life Insurance is presented in terms, usually beginning in 5-year increments and maxing out at 20. Term policies differ from other policies as they are locked to that term.  Specifically, this means that payout only occurs if death occurs in the stated term. 

     This may sound unappealing, but most term policies offer users the freedom to convert their term policy into a permanent policy at any time. The biggest benefit of this policy type is that it is the most competitively priced across the board, existing as the most budget-friendly policy.  Generally, term policies are more difficult to qualify for as a result, and require applicants to be in overall good health.

     This type of policy almost always requires a medical exam due to the decreased monthly premium. Foresters Life Insurance offers 4 term products: Term 10, Term 20, Term 30, and EZ term. These are fairly self-explanatory, minus the EZ term policy that involves higher relative maximums. 

Foresters Insurance Whole Life Insurance

      Whole Life Insurance, also known as traditional life insurance, is the most common and comfortable form of life insurance. Whole Life Insurance is the standard coverage option and is what term policies ideally lead into. The benefits of Whole Life Insurance are that it remains intact for the remainder of the applicant’s lifetime at a fixed premium so long as the said premium is paid on time. Foresters Life Insurance offers 2 kinds of whole life insurance, those being Advantage Plus II and Non-Par Whole Life. 

Foresters Insurance Universal Life Insurance

     Similar to Whole Life Insurance, a Universal Life Insurance policy or an Indexed Universal Life Insurance policy (IUL) offers applicants with a lifetime of coverage, and potentially an index profile in which they can expect a minimum return on their investment. The key difference between Universal Life Insurance and Whole Life Insurance is that Whole Life Insurance introduces itself with fixed premiums whereas universal life insurance does not.  If the economic conditions of the world change, your policy may be susceptible to interruption or modification.  Universal Life Insurance also offers a flexible pay schedule, allowing users to pay off entire years or to pause their coverage in the event of financial hardship. 

Foresters Insurance Burial Insurance

     Foresters Insurance Final Expense Insurance, the purpose of this insurance type is to adequately cover and prepare for funeral expenses in a time of untimely circumstance.  The benefits of this insurance type involve the relatively low monthly premium to the eventual payout, as well as the lack of restrictions associated with the policy. Final Expense Insurance will almost always provide beneficiaries with an excess in funds, as the average cost of a funeral is just under $10,000 and that cost continues to rise annually.  Final Expense Policies do not require a medical exam but will usually ask some brief questions regarding your medical status. 

What Are My Rider Options With Foresters Life Insurance?


Term Rider

This rider is an option for a permanent life insurance that allows users to increase the death benefit for an incremental amount of time, usually 10 years. For example, your policy might exist at $50,000. This rider would allow you to increase that maximum to $100,000 within that increment of time.


Spousal term rider

This one is pretty self explanatory, in that if your spouse/SO passes away while the rider is active, you will receive a mini death benefit as a result. This comes at a direct increase to your monthly premium.


Child Term Rider

Similar to a spouse term rider, if a child passes away during the active time period of the rider then you will receive a mini death benefit.



AD&D or accidental death and dismemberment is a rider that increases the payout benefit if death occurs as a result of one of the covered injuries.


Disability Waiver of Premium

This rider allows those to pause payment requirements on their current policy if they’re experiencing a qualifying disability.

What Are The Best $10,000 Burial Insurance Companies?

     If you’re looking for a policy with $10,000 in coverage that remains instated throughout the remainder of your life at the premium you locked in at, then we’d like to recommend a few names that may be of interest to you and your wallet.

Company 50 y/o Male 50 y/o Female 60 y/o Male 60 y/o Female 70 y/o Male 70 y/o Female

These figures were obtained from the NFDA and are estimates only. For a detailed quote, please contact an agent. 

Foresters Insurance Funeral Insurance

      Final expense insurance is the type of insurance that’s in place to cover the funeral costs after your passing. While final expense coverage is generally used to cover funeral/burial costs, one may use the funds in any way desired. Final expense coverage usually exists as a simplified issue plan, meaning that you are approved regardless of any previous medical conditions, 99% of the time. The premiums are also generally low (depending on the condition of the applicant) and whole life, meaning that your rate does not change within the span of your lifetime. Additionally, these plans can coexist with Medicaid, depending on your total assets. If said assets are too high to qualify, one may withdraw and use these funds to purchase additional coverage or what have you, maximizing your beneficiaries’ payout.

Foresters insurance Pros & Cons


  • Unique perks for members.
    As its roots stem from its original fraternal organization that once provided benefits to its members, this idea is still present within Forests Insurance process. Some of these benefits include financial counseling, academic scholarships and opportunities, legal services, as well as the ability to acquire grants through their organization.
  • Insanely high maximum coverage amounts with no medical exam.
    Providing members with the option to acquire up to $1 million in coverage with no medical exam, so long as you can answer a medical questionnaire, this is a substantial amount of coverage.
  • Bonus/Dividend Packages.
    Whole Life Insurance policy owners are eligible to receive annual dividends. Whole Life Insurance policy holders through forester received $24 million in dividends to those eligible.


  • No online quote tool.
    As I’m sure you know, most providers/brokerage companies like to offer customers the option to explore their pricing options before making a phone call to your agent. This is not the case with Foresters Insurance.
  • Slightly more complaints than usual.
    As stated by the NAIC. It’s not uncommon for a company to receive a varied amount of complaints, regardless of how well their actual service is.

Third-Party Rankings

Am's Best

     They utilize a rating, similar to the letter ratings placed on restaurants, meant to help you discern their overall quality. This letter ranking varies from A+ to F, similar to a scholastic grading system, and this organization is overseen by the chief insurance regulators regarding any US-affiliated territory. The rating itself is determined by a variety of different factors, such as performance, management, financial flexibility, shareholder safety, etc.

     According to AM’s Best, Foresters Insurance rating was recently upgraded from an A-, to an A, implying exceptional financial strength and an upward trend.

NAIC Rating

      The NAIC, or The National Association of Insurance Commissioners, is a regulation standard support organization based in America meant to add credibility to insurance companies. Essentially, the goal of this organization is to protect consumers and to mandate that insurers deliver on their promises made. The rating used within the NAIC, involves a numerical value usually ranging from 1 – 10. One implies average customer complaints, where anything above this is above average, and so on.

     Foresters Insurance received a 1.05, meaning they received an average number of complaints compared to the industry standard.

J.D Power

    JD Power ratings are essentially nationwide surveys that allow consumers an unbiased opinion regarding what other consumers say about said company. Generally, these surveys take a group of companies, usually around 21, and rate the companies in relation to each other. This is done either through focus groups, paid calls, or what have you. JD Power spends large sums of money annually simply on data specifically for this reason.

    Unfortunately, Foresters Insurance was not selected to participate in the JD power survey.

Foresters Life Insurance Reviews

No hard sell with Foresters Insurance. Friendly, sound advice tailored to your individual circumstances. Online account clear and easy to access. Flexible payments.
Mark ✓
Arlington, Tx⭐⭐⭐⭐⭐
Can only say good things about this company and would personally recommend them to a friend and have! The adviser told me about a lifetime ISA for my son which I hadn't heard of and it's the best thing they could have done. Thank you for your help and guidance.
David ✓
Durham, Nc⭐⭐⭐⭐⭐
Expert advice from Kevin on child’s trust fund and all the options available.
Mihailo Petkovic ✓
Akron, Oh⭐⭐⭐⭐⭐

Cancellation Policy

     Insurance policies generally contain a 30-day refund introductory period, where you are able to receive a complete refund if canceled before the 31st day if dissatisfied.  This is a two-way policy, allowing insurers to cancel your policy for the same reasons. This may also be overridden by state law, if applicable.

An example includes Florida, which bars insurers from cancellation up to 90 days after the policy start date. Exceptions include, if premiums are not paid, substantial change in risk to insure, etc.

Our Review and Final Thoughts

     Overall, Foresters Insurance has an intriguing past as well as a great emphasis on “family” and being a part of the group. We at Final Expense Benefits do enjoy that aspect, as you are directly rewarded for aligning yourself with foresters insurance.  They offer a wide variety of policy types and riders, all while remaining competitively priced. There are a plethora of benefits associated with Foresters Insurance membership as well, sometimes consisting of bonus packages paid to whole life insurance owners, on top of the variety of services provided to said members. 

     We at final expense benefits are confident in recommending Foresters Life Insurance for those interested in a life insurance policy. 

     If you’re interested in a foresters life insurance policy, or are ever unsure moving forward and want what’s best for you, we encourage you to give us a call. We at Final Expense Benefits partner with over 20 carriers:

      Being some of the ones that stand out among the crowd.
Reduce the stress involved with life insurance and let us do all of the heavy lifting for you. You can reach us at 1 (866) 311-4338, and we’re open from 9-5, Monday through Friday.

Frequently Asked Questions

How Long Has Foresters Insurance Been Around?

For over 150 years, if you trace them back to their parent company/organization. 

What Is A Foresters Membership?

Forester members are insured under a life insurance certificate upon qualification, inviting you into their membership program.

Is Foresters A Good Insurance Company?

Yes, in terms of giving you what they promise. 

How Do I Cancel My Foresters Policy?

You may cancel your policy either via your agent or via their online services. 

Is Foresters a Legitimate Company?

Yes, Foresters Insurance is a legitimate and well-renowned company. 


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