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For consumers who are considering final expense insurance from Foresters and are curious about the company and its products, this review is for you.

Certainly, it’s important to find an insurance carrier that will deliver the life insurance product you need at a price that fits within your budget. However, it’s critical that you keep in mind that life insurance is a promise to pay and final expense insurance must last for a lifetime.

Our intention here is to provide the information you need about final expense insurance from Foresters Financial and to offer a legitimate company review.


About Foresters Financial


Foresters Financial, which was established in 1834, is owned by the Independent Order of Foresters, and offers insurance and financial products in the U.K., Canada, and the United States. It was originally created to assist its members with financial protection and planning.

As a fraternal organization, Foresters operates as a non-profit and the company reports to its membership rather than stockholders. Every Foresters policyholder becomes a member of the Independent Order of Foresters and as such, are entitled to participate in the benefits Foresters Financial provides to its members’ communities.

Financial Stability of Foresters Financial


Currently, Foresters Financial holds and manages about $8.5 billion in assets and the organization has generated more than $1 billion in surplus premium. This surplus enables Foresters to manage their comprehensive line of insurance and financial products and remain on solid ground.

 The highlights from Foresters Financial Annual Report are quite impressive: 
Total Premiums $1.1 billion
Surplus $2.0 billion
Funds under Management $45.1 billion
Certificates & Contracts in force 3.1 million
A.M. Best Financial Rating A (Excellent) Awarded for the past 18 Years

What this financial data should mean to consumers considering Foresters for life insurance and other financial products is that the company is stable and operating from a solid financial base. This information is a good indicator that Foresters Financial will be there when you need there. They will keep their promise to pay for a lifetime.


Insurance Products from Foresters Financial


Although Foresters offers life insurance, annuities, and mutual funds, in this article we will drill down in their life insurance products; specifically final expense and burial insurance.

Since final expense insurance is generally offered as whole life insurance, we will examine Foresters Financial PlanRight product which is designed to cover final expenses and funeral and burial expenses. PlanRight whole life insurance is offered in three different benefits to accommodate health applicants as well as applicants who have serious or multiple health issues. Here is how they work.


PlanRight Level Benefit


The PlanRight Level Benefit policy is generally issued for applicants in average or above average health. The policy will pay the full death benefit from the first day of coverage and the premiums will be lower than the Graded or Modified benefit plans.

Eligible issue ages are 50 to 85-years-old with a maximum death benefit of $35,000 for applicants age 50 to 80 and $15,000 for applicants age 81 to 85.

Applicants who qualify for the Level benefit plan will qualify for the Accidental Death Benefit rider if they are between ages 50 and 80 and they will qualify for the Common Carrier Accidental Benefit rider at no extra charge.

Premiums can be paid monthly (EFT), quarterly, semi-annual, and annual and the underwriting classes are non-tobacco and tobacco.

Since the PlanRight Level Benefit plan is whole life insurance, the policy will build cash value over time that can be accessed by the policyholder through policy loans or full surrender for cash.

To qualify for the PlanRight level benefit product, applicants must answer “no” for all medical questions in Part A, B, and C of the medical questions.


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PlanRight Graded Benefit


The PlanRight Graded Benefit is available for applicants who do not qualify for the level benefit plan. Since the insurance company is accepting a higher risk, the death benefit is graded (paid out) as follows:

  • In the first year of coverage, the death benefit paid will be 30% of the face amount.
  • In the second year of coverage, the death benefit paid will be 70% of the face amount.
  • For the third and subsequent years, the death benefit will be 100% of the face amount.

The Accidental Death Benefit rider is not available on the graded benefit plan, however, the Common Carrier Accidental Death rider is included at no additional charge.

The eligible issue ages are 50 to 85 and the maximum death benefit available is $20,000 for applicants age 50 to 80 and $10,000 for applicants age 81 to 85.

Premiums can be paid monthly (EFT), quarterly, semi-annual, and annual and the underwriting classes are non-tobacco and tobacco.

To qualify for the PlanRight Graded Benefit plan, the applicant must answer “no” to the Part A and Part B medical questions but can answer “yes” in Part C.

PlanRight Modified Benefit


Foresters Financial’s PlanRight Modified Benefit plan was designed for applicants who cannot medically qualify for the Level or Graded benefit plans.

Since the insurance company will accept a much higher risk for the modified plan, there is a 2-year waiting period when the death benefit is modified to all premiums paid plus 10% and much higher rates compared to the level and graded benefit plans. Beginning in year 3 and thereafter, the full death benefit will be paid to the beneficiary.

Eligible issue ages are 50 to 80-years-old and the maximum death benefit is $15,000. The accidental death benefit is not available for this plan but the Common Carrier Accidental Death benefit is included at no cost.

Sample Rates


 Here we’ve provided a rate comparison for the level, graded, and modified benefit plans for a $10,000 policy for a female non-smoker: 


Age of ApplicantLevel BenefitGraded BenefitModified Benefit


It’s important to note that with all three benefit plans, Foresters does not require a medical exam or blood and urine tests.


In Conclusion


We, like many independent insurance professionals, look to Foresters as a premier provider for final expense and burial insurance. Although Foresters may not be the best fit for everyone when it comes to pricing, they are a solid and highly-rated insurance company that everyone should consider when you consider the promise to pay must last for a lifetime.

Foresters offers very competitive rates, an easy application process, and outstanding customer service for its policyholders and agents who represent them.


Check out our other insurance company Reviews:


Sentinel Security Life Review

Americo Life Insurance Company Review

Mutual of Omaha Insurance Company Review

Colonial Penn Company Review

Globe Life Company Review

Lincoln Heritage Company Review

We're Here To Help
For more information about Foresters Financial and to get a free and confidential quote, call the insurance experts at BurialPolicy360 at (800) 712-8519 during normal business hours, or contact us through our website at your earliest convenience.


Doug Mitchell Ogletree FinancialDoug Mitchell, President of Ogletree Financial, holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA. Doug has spent over 20 years in the life insurance industry and has also held licenses to sell securities, long-term care insurance, and home and auto insurance. For two years, Doug served as President of the Auburn Opelika Association of Financial Advisors and has been a member of the Million Dollar Round Table. He obtained Life Millionaire status at Horace Mann Insurance Company and was awarded the Life Agent of the Year Award. Later in his career with New York Life, he was an Executive Council Member. Doug currently serves as President of Ogletree Financial, a life insurance marketing organization with over 1000 life insurance agents. Today, Doug’s main focus is servicing 1000s of policyholders and growing his agency through the reach of several insurance-related websites.