(Toronto, ON, December 14, 2020) – Foresters Financial today announces the US launch of its refreshed Prepared II Accidental Death Term Insurance, focused on the needs of under-served everyday families. It represents a new take on accidental death insurance at Foresters, with more coverage and a simple application and decisioning process.
A simplified-issue term product offering affordable accidental death coverage, Prepared II is now available from issue age 18 up to 70 (increased from age 65) with coverage up to $500,000 (increased from $300,000) and level premiums to age 80. It also brings three optional riders - Waiver of Premium Rider (Accident Only), Disability Income Rider (Accident Only), and Return of Premium Rider.
Prepared II may be of particular interest to those currently undecided on, or medically not eligible for, traditional life insurance, but who are seeking some protection. Foresters insureds are also members, with access to the many benefits of membership, focused on enriching the lives of members and their communities.
“Foresters Prepared II Accidental Death Term Insurance is simple and affordable protection that may help secure your family’s financial future in case of an unexpected tragedy,” said JS Ledoux, AVP, Product Management, North America. “You can’t predict when an accident will happen, but you can be prepared. With accidental death protection up to $500,000, Prepared II can help shield those you love from the financial hardships caused by a tragic accident.”