The Independent Order of Foresters joins Assuris
TORONTO, July 6, 2022 /CNW/ – Foresters Financial™ (Foresters), the fraternal life insurer boldly redefining the life insurance industry through innovation, purpose and well-being, today announced Today the Independent Order of Foresters (OIF) is the first fraternal life insurer to become a member of Assuris.
Foresters Life Insurance Company, a subsidiary of Foresters that issues term life, non-participating whole life and critical illness insurance products, was already a member of Assuris, but fraternal organizations like IOF are not required to join. . IOF, which issues Advantage Plus By Whole Life, has voluntarily joined Assuris to ensure consistency across all product lines. Now, all new and in-force Foresters life and critical illness insurance policies Canada are protected by Assuris.
“Foresters is financially strong and proud to join Assuris to provide members with greater peace of mind. This commitment is in line with Foresters brotherly goal to enrich the lives of hard-working families and their communities,” said Henry AuyeungPresident of Foresters Financial Canada and Canada Protection Plan.
Assuris is an independent, not-for-profit, industry-funded compensation organization, founded in 1990, whose mission is to protect policyholders in the event of the bankruptcy of their life insurance company.
Life insurance with a broader purpose
Bringing a better, new normal to everyday North American families, Foresters offers a range of unique member benefits and redefines the conventional life insurance model. Foresters member benefits including Foresters Go digital wellbeing app, scholarship opportunities, benefits for orphans, grants for community volunteers, document preparation service to create wills and documents related, lifelong learning, and more. 1
About Foresters Financial
Foresters Financial is redefining the life insurance and personal savings industry in the United States, Canada and in the UK by enriching the lives, communities and general well-being of its members. Agents and members appreciate turnkey product offerings and end-to-end digitized sales processes that make it easier to get life insurance without traditional medical exams. State-of-the-art mobile tools help agents deliver tailored insurance protection to members. Dedicated to the well-being of its members, Foresters offers a range of member benefits and redefines the conventional life insurance model, bringing improved financial security and overall well-being to everyday North American families. Foresters partnered with Canada Protection Plan in 2020 to add the leadership role of life insurance distribution to its Canadian operations. 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 the not-for-profit organization that protects Canadian policyholders in the event of the bankruptcy of their life insurance company. More details on Assuris coverage and its limits are available at www.assuris.ca or by calling the Assuris Information Center at 1-866-878-1225.
For informational purposes only.
Foresters Financial, Foresters, Helping Is Who 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 benefit society, 789 Don Rd. Mills, Toronto, ON, Canada M3C 1T9) and its subsidiaries.
Canada Protection Plan is a trademark of Canada Protection Plan Inc.
Assuris is a trademark of Life and Health Insurance Compensation Corporation of Canada.
1 Foresters members are insured under a certificate of life or health insurance issued by the Independent Order of Foresters or Foresters Life Insurance Company.
2The AM Best rating awarded on July 29, 2021 reflects the overall strength and claims-solving ability of the Independent Order of Foresters (IOF), but does not apply to the performance of non-IOF-issued products. An “A” (Excellent) rating is assigned to companies that have a strong ability to meet their ongoing obligations to policyholders and that have, overall, excellent balance sheet strength, operational performance and business profile by compared to the standards established by. AM Best Company. AM Best assigns ratings from A++ to F, with A++ and A+ being superior ratings and A and A- being excellent ratings. See ambest.com for our latest review.
SOURCE The Independent Order of Foresters
For further information: Kathryn Perrier, Senior Manager, Communications, Foresters Financial, 647-209-5129, [email protected]