Why choose term life insurance?
Term life insurance can be an affordable starting point for your overall financial plan. Term life insurance can help support the important changes and challenges in your life, such as:
- Taking on long-term debts (such as a mortgage)
- Starting a new life with your partner
- Caring for your family
- Taking on short-term debt (such as a car payment, college loan)
Your Term Level Term Life Insurance
Foresters Your Term Level Term Life Insurance1 has the flexibility to help support the financial security you need as your life changes. Your Term is renewable, so you can extend the length of your coverage, and it is also convertible, which means you can convert2 to a Foresters FinancialTM permanent life insurance product without having to go through underwriting again, if that option better meets your needs.
Features and benefits
Your Term offers initial terms of 10, 15, 20, 25 or 30 years. You can pick the term to reflect your current financial obligations and future plans.
Premiums are guaranteed for the duration of the term you choose, so you’ll have the comfort of knowing exactly how much your life insurance will cost. The premiums for your base coverage and any additional riders will also never increase during the initial term of coverage you’ve chosen.
Coverage is available for ages 18 to 80, with face amounts starting at $100,000. Your Term can be underwritten on an Accelerated or Medically underwritten basis.
Riders and features
The following riders and/or features may also be included with your basic coverage at no additional premium:
- Common Carrier Accidental Death Rider is designed to provide an additional death benefit if you die of accidental injuries that occur while riding as a fare-paying passenger on a common carrier, such as a plane, bus or train.
- Family Health Benefit Rider can pay a benefit for limited family health expenses that may occur as a result of natural disasters, such as hurricanes, tornadoes and earthquakes.
- Accelerated Death Benefit Rider Rider3 provides an option to accelerate a portion of the eligible death benefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses.
- Charity Benefit provision4 can help you make a difference in your community. When a claim is paid to the beneficiary(ies), Foresters Financial will pay an additional 1% (up to a maximum of $100,000) of the face amount to a registered charitable organization as designated by the owner. The payment is made as a donation in the name of the insured, and it does not impact the value of the death benefit.
To help extend your coverage, riders such as Waiver of Premium Rider, Accidental Death Rider, or Children’s Term Rider may be available for an additional premium.