Often when we analyze participating life insurance policies we focus on cash values, future death benefit and internal rates of return. What if your clients could get strong values, but also get more from their life insurance policy than life insurance? That's what I discovered when I took a longer look at Foresters.
Foresters Life's participating fund is a strong performer, it has the strongest par fund rate of return for 2016 at 6.85%. Not only is it the strongest performer, but you can also get the highest amounts of enhanced coverage in a participating policy in the market. You can tailor the policy to be a high net worth earning machine, or a strong family market option.
The benefits don't stop there. Foresters Life is a fraternal society, this means that they make an extra effort to ensure that their members are well taken care of. Foresters embeds extra features in their participating life policy that are really appealing to the family market. First and foremost, any child of a Forestors member can qualify for up to $8,000 in scholarships with a 70% average. What value! Also, should the worst case scenario happen and both parents pass away, there is an orphan benefit that guarantees each child would receive $900 in monthly income, regardless if the policy was $10,000 or $1,000,000. Have a community minded entrepreneur? Foresters provides funding for community events so your clients could receive funding for these types of events.
There are many more benefits to working with Forestors, for more info please talk to your Business Development Manager today!
Ken Poniatowski, CFP
Business Development Specialist
Qualified Financial Services