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PlanRight Whole Life Insurance

Plan right today ease the burden tomorrow.

Whole life

What is whole life insurance?

As the name suggests, it is insurance designed for your whole life. Unlike term insurance, most whole life insurance products can build guaranteed cash value that you may be able to borrow against1.

Why choose whole life insurance?

According to the National Funeral Directors Association, in 2021 the national median cost of an adult funeral with viewing, burial and vault was $9,420.2 This cost does not include the cemetery plot, monument, flowers, obituary or other cash expenses, which could push the cost well over $10,000.

Whole life insurance can be a good choice if you are looking for permanent coverage with a guaranteed death benefit, cash value, and premium, particularly if you are thinking of coverage to help cover final expenses.

 

Whole life insurance with Foresters Financial

PlanRight Whole Life Insurance

Foresters PlanRight Whole Life Insurance3 is designed to provide coverage that can be used for final expense planning.

Features and benefits

PlanRight has lifetime death benefit protection (to age 121), guaranteed cash value, and guaranteed premiums.

You can also borrow against the cash values to deal with temporary needs, or for an unexpected emergency. Any loan or loan interest will reduce your death benefit.1 PlanRight provides guaranteed level premiums, and generally provides an income tax-free death benefit.4

Coverage is available for ages 50 to 85, with face amounts between $5,000 and $35,000. PlanRight is underwritten on a Simplified Issue basis, meaning your insurability depends on answers to medical and other application questions and underwriting searches and review, and doesn’t require any bloodwork, saliva swabs, or visits from a Paramed.

 

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 certain natural disasters, such as hurricanes, tornadoes and earthquakes.
  • Accelerated Death Benefit Rider (for Terminal Illness)5 provides an option to accelerate a portion of the eligible death benefit and receive a payment if the insured is diagnosed with a terminal illness.
 

What's next?

Term life insurance Universal life insurance
412730 US (11/22)

Not for use in Oregon.

Foresters products and their riders are underwritten by The Independent Order of Foresters and may not be available or approved in all states and are subject to eligibility requirements, underwriting approval, limitations and state variations. If you have questions regarding Foresters products and their riders, please contact your insurance agent or contact Foresters to be connected with an agent in your area.

1 Loans can be taken if the certificate is in effect and has a positive cash surrender value. Loans will reduce the death benefit and cash values and may affect how long the certificate is in force. Interest is charged daily at the contractual loan rates. Death benefit payable is net of the outstanding certificate loan amount(s) (note loan amount includes accrued interest). If, at any time, the loan amount exceeds the cash value at that time, then the certificate will terminate. Loans may be considered a reportable tax event. You should consider consulting your tax advisor for details on your specific situation.

2 National Funeral Directors Association, https://www.nfda.org/news/statistics

3 Foresters Plan Right Whole Life and its riders may not be available or approved in all states and are subject to underwriting approval, limitations. contract terms and conditions. and state variations. Refer to the Foresters Plan Right Whole Life Insurance contract for your state for these terms and conditions. Foresters PlanRight and its riders are filed under the form numbers listed below. where "XX" represents either "US" or your state's postal abbreviation, as applicable. Foresters PlanRight: ICC19-WL-PRL-US01 or ICC19-WL-PRB-US01 or WL-PRL-XX0l-2019 or WL-PRB­XX0l-2019; Accidental Death Rider: ICC19-WL-PR-ADR-US01 or WL-PR-ADR-XX0l-2019; Common Carrier Accidental Death Rider: ICC19-WL-PR-CCADR-US01 or WL-PR-CCADR­XX0l-2019; Family Health Benefit Rider: WL-FHB-XX0l-2011; Accelerated Death Benefit Rider (for Terminal Illness): ICC14-TRAD-ABRTI-US01 or TRAD-ABRTI­XX0l-2014 or TRAD-ABRTIXX0l-2016.

4 Foresters, their employees and life insurance representatives, do not provide, on Foresters behalf, legal or tax advice. The information given here is merely a summary of our understanding of current laws and regulations. Advise your clients and prospective purchasers to consult their tax or legal advisor.

5 The payment, due to diagnosis of a terminal illness, may be less than the acceleration amount if there is an outstanding loan or unpaid premiums. Payment will decrease certificate values and benefits. Receipt of the accelerated death benefits may affect eligibility for public assistance programs and may be taxable.