Plan today so your family doesn’t have to in the future
All of us will likely have to face the death of a close family member at some time in our lives. Worry about how to cover the funeral costs just adds to the pain and grief we’re experiencing. None of us like to think about our own mortality. But, at some point, concern for your family leads you to wonder how they would cope with the costs if you were to die. That’s where life insurance from Foresters Financial can help by providing some of the resources to protect your family and finances.
According to the National Funeral Directors Association’, the national median cost of an adult funeral, with viewing and burial, in 2017 was $8,755. And, this cost does not include the cemetery plot, monument, flowers, obituary or other cash expenses, which could push the cost well over $10,000. With Foresters PlanRight whole life insurance, you can help reduce the burden of these costs on your family, when they already have many other concerns.
Foresters PlanRight offers three plan options
Two that can immediately provide a full death benefit amount and one that can provide a limited death benefit amount? in the first two years. Your answers to questions on the application help guide which plan is available to you.
PlanRight Preferred (with a level death benefit)
The death benefit amount is based on 100% of the face amount and has the lowest premium of the three plans. The maximum face amount is $35,000, depending on your age at the time of application.
PlanRight Standard (with a level death benefit)
The death benefit amount is based on 100% of the face amount. The maximum face amount is $20,000, depending on your age at the time of application.
PlanRight Basic (with a graded death benefit)
The death benefit amount in the first two years is based on premiums you’ve paid plus 10% annual interest. Beginning in the third year, the death benefit amount is based on 100% of the face amount. The maximum face amount is $15,000, depending on your age at the time of application.
Unlike some other expenses in life, PlanRight premiums are level and guaranteed to stay the same as long as you keep the coverage.
The death benefit amount is also guaranteed as long as premiums are paid and you can be confident that your Plan Right coverage will never be canceled because of changes in your health while your coverage is in effect. The death benefit amount also generally provides an income tax-free death benefit.
Guaranteed cash values
PlanRight has guaranteed cash values, which allows you to potentially borrow against as a loan.
For added value
Foresters automatically includes up to three riders with your base coverage, with no additional premium.
- Accelerated Death Benefit Rider (for Terminal Illness)’ may allow the owner to accelerate a portion of the death benefit and receive a payment if the insured is diagnosed with a terminal illness.
- Common Carrier Accidental Death Rider may provide an additional benefit if death is due to an accident or accidental injury that happens while riding as a fare-paying passenger on a common carrier such as plane, bus, or train.
- Family Health Benefit Rider may provide a payment to help cover some family health expenses (such as an ambulance ride) that occur as a result of certain natural disasters.
For added protection
For additional premium, PlanRight Preferred offers an Accidental Death Rider which can pay an additional benefit in the event of an accidental death.
Applying is simple
Applying for PlanRight is simple and convenient. Complete an easy-to-understand application and a short personal health interview and you could be eligible for life insurance coverage. And because PlanRight is non-medical, there are no paramedical exams or fluid collection required. Your insurability depends on answers to medical and other application questions and underwriting searches and review.
Remember, in most cases, the younger and healthier you are, the lower your insurance premiums. Helping to provide for both today’s peace of mind and tomorrow’s possibilities, Foresters PlanRight gives you many good reasons to apply.