Foresters Final Expense Insurance - Guaranteed Highest Compensation to Agents

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Summarized View:

Final Expense Foresters - Real Time Leads

Foresters is a life insurance organizational body that has been helping people (both individuals & families) for the past 130 years. The Foresters Plan Right Final Expense product has prevailed strongly in the market, owing to its spirited (competitive) premiums, excellent customer & agent service & competitive commissions.

 

View Foresters PlanRight State Availability Map Here

Agents Benefits Comprise:

Final Expense Foresters - E-applications available

 

Client Benefits Comprise:*

  • No medical exam
  • Low premium rates
  • Guaranteed premiums
  • Riders available
  • Fraternal, level & graded benefits
  • Easy E-application

Detailed Product View:

With more than one million members, Foresters – a fraternal benefit group - is headquartered in Toronto, Canada while the majority of its membership in the U.S.. Foresters rewards its members by giving them not only a quality financial product, but much more as well. Complimentary benefit services are a special part of being in the Foresters Family: The special benefits for eligible members and its community based opportunities assist policyholders and their families.

 

PlanRight is a life insurance policy which is part of Foresters whole life insurance product line that are structured  in order to cover final expenses related to the policyholder's final days and funeral, probate charges or other financial matters that your client’s family will have to bear at the time of death. Final expenses can often exceed $10,000 and this would maybe too severe financial burden on an average-earning family. The plans that are offered are as follows:

  • Level Plans: death-benefit equals the complete face sum of the certificate.
  • Graded Plans: death benefit ascends in the tenure of the first 2 years. In the Graded Plans category, death benefit during the first year is 30% of the face value, 70% in the second year, and 100% of the face value in third year and beyond. The death benefit amounts to 100 percent of the face value in the event of an accidental death.
  • Modified Plans: during the first 2 years, these give you the death benefit that is equivalent to the premium returns with 10 percent annual interest. Also, you receive 100 percent of the face value in the 3rd year and beyond. Initially, for 2 years, the death benefit is ascended up to 100 percent of the par value (face value) in the event of the insured person's accidental death.

Features of Foresters Final Expense:

  • 3 Plan options available
  • Cash Vale offered
  • Face value sum ranges from $2,000 - $35,000
  • Minimum premium rates ( e.g. $10)
  • Annual Certificate fee amounts to $36
  • Availability of accidental death rider
  • Inclusion of  ordinary carrier accidental death rider
  • Loan offered on full surrender
  • 50 to 85 issue age
  • Monthly (0.0875), Quarterly (0.26) & Semi- Annual (0.51) Modal Factors

Fraternal Benefits with Foresters

  • Benefit to members suffering a Critical Illness: Foresters offers a financial aid of $4,000 if a policy holder is diagnosed with a severe illness such as heart attack, stroke, multiple sclerosis or cancer.
  • Benefit of Competitive Scholarship for members: The Foresters Scholarship Program dispenses 350 scholarships that amount to $8,000 applicable to students of Canada (grades 65%) and U.S. (2.5).
  • Orphans' Scholarship Benefit for the member benefit: This benefit offers a unique scholarship chance should one or both parents die.
  • Benefit for the youngest family member: According to this benefit the guardian (legal) gets $300 per child per month should both parents have passed away.
  • Benefit to members with terminal illness:  The insured is offered a loan (interest-free) on the account any family member’s terminal illness. Policyholders can request a loan of up to 75 percent of the Face Sum (amount) of the policy originally purchased from Foresters Life Insurance. The loan amount can be repaid from the payable sum when the insured person dies.

Foresters Over the Phone Enrollment (OPE)

Final Expense Foresters - Real Time Leads

Foresters is focused on expanding the availability for its PlanRight sales by phone service. This allows agents to make final expense sales by phone provided they are licensed in that state and they are certified with the Foresters Voice Signature process.

 

With Foresters you get extra benefits that you wouldn’t normally get from other life insurance plans. As a fraternal benefit society, Foresters offers excellent rates, plus will creation and legal assistance, college scholarships for families, etc.

Foresters Voice Signature State Availability Map

Foresters Voice Signature State Availability

Foresters PlanRight Voice Signature is approved in the above 28 states. Click the image to see the full map and details

Voice Signature and Foresters PlanRight

Voice Signature on Foresters PlanRight is a great way to add another string to your insurance sales bow and expand your business by making final expense sales by phone.

Get Started

Get started with using the powerful Voice Signature selling tool. Go the the Foresters agent website and signup/login, click Toolbox in the top right of the menu bar and navigate to Voice Signature on the left-hand sidebar. Here you will find all the resources you need to start using this system.

 

You must request access to Voice Signature on PlanRight through your up-line management.

  • A request must be sent to Foresters from your upline management to grant you authorization.
  • Once your request is received, it will be reviewed by Foresters and a confirmation email will be sent within 48 hours stating whether you are eligible for access, plus login details.
  • During this process, training for Voice Signature on Foresters PlanRight will be arranged via your up-line management. You can find all the resources on Foresters site after login. All agents must review each of the modules and listen to the example recording before starting selling.

If you need assistance when using the live voice application, you can call Foresters’ Sales Support Line direct at 1-866-466-7166 then press 1.

Foresters Lead Program


Foresters PlanRight sales targets for getting your rebate:


Foresters PlanRight Sales Targets

Agent Training

Agent Resources

Foresters Mobile Quotes

MOBILE QUOTES

NEEDS ANALYSIS

Check out the Foresters Getting More Out of Life brochure to learn more about their final expense product while you wait for your appointment.

 

Final Expense Foresters
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* The information provided is intended for licensed insurance agents only. It is not intended for the purpose of advertising the insurance products to the general public. Agent Contracting and Appointments Foresters Life

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