Foresters Financial Launches Diabetes Management Benefit

(Toronto, ON, November 12, 2020) – Fraternal life insurer Foresters Financial today announces the launch of a diabetes management benefit for its US members. Through a partnership with Roche Diabetes Care, the maker of diabetes monitoring and management products (Accu-Chek®), Foresters will offer discounts to members on diabetes monitoring and management products. Available beginning November 23 across the United States, this benefit helps Foresters members manage the costs associated with living with type 2 diabetes, helping empower them to take control of their personal health.

Aligning with its purpose-driven mission to enrich family and community well-being this initiative follows the November 2019 launch of Foresters industry-first, non-medical life insurance product portfolio, which includes relaxed underwriting guidelines customized to the needs of individuals living with diabetes.

This diabetes management member benefit can be accessed through a co-branded store with Accu-Chek, providing access to subscription services for discounted Accu-Chek testing supplies, as well as a bundle of diabetes management tools, created for Foresters members.

Foresters has also launched a dedicated online diabetes resource portal for its agents, which has seen strong organic engagement, featuring thought leadership and tips on speaking to clients about their diabetes-specific needs.

With approximately 10% (34 million) of the US population living with diabetes, the annual cost to families totals $327 billion in the form of total medical costs and lost-work and wages^[1]. With two in five Americans (144 million) expected to develop diabetes over their lifetime^[2], it is more important than ever that Foresters help address the impacts of this disease, to support its members.

Foresters Financial’s Matt Berman, Chief Distribution Officer, said, “At Foresters, helping is who we are. The diabetes management member benefit is part of Foresters Life Insurance with a Larger Purpose strategy to provide insurance offerings that align with Foresters fraternal purpose of enriching the well-being of hard-working families and their communities. Foresters members receive a full suite of unique benefits^[3], including opportunities for scholarships, orphan benefits, community building grants, financial counseling and more.”

“Diabetes doesn’t quit, and successful disease management requires commitment,” added Matt Jewett, Senior Vice President and General Manager, Roche Diabetes Care. “We are pleased to partner with Foresters Financial so members with diabetes feel empowered to improve their daily diabetes management and experience the health and well-being that comes with improved blood sugar control.”

About Foresters Financial

Since 1874, Foresters Financial has been providing socially responsible financial services to individuals and families. Foresters Financial includes The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. Foresters is a purpose-driven organization that exists to enrich family and community well-being and offers insurance products to over three million members and clients in Canada, the US and the U.K. For 20 straight years, The Independent Order of Foresters has received an “A” (Excellent) rating from A.M. Best^[4]. For more information please visit foresters.com