Foresters introduces SMART Universal Life to provide flexible protection option

Toronto, August 24, 2010 – Foresters, a life insurance provider committed to the well-being of families, now offers more flexibility with its latest life insurance product, SMART Universal Life. As your family needs change, Foresters SMART Universal Life offers premium flexibility with adjustable payment limits as well as both protection and savings potential. SMART Universal Life can also help accumulate cash whether it’s planning for a retirement, saving for a child’s education, or paying down a mortgage.

“Foresters SMART Universal Life offers significant flexibility combined with long-term growth potential,” said Larry Noyes, Vice President, U.S. Sales Foresters. “When life takes a turn, SMART Universal Life provides protection that doesn’t lock you in. You can build custom coverage that fits your family’s needs and financial goals for both today and tomorrow. Foresters also offers complimentary benefits of membership to eligible SMART insureds.”

Universal life insurance combines lifetime protection with the potential for tax-deferred cash value accumulation under one insurance contract. The cash accumulation portion of Foresters SMART Universal life plan grows at a guaranteed minimum annual interest rate of 3%. In addition, it offers the security of a no lapse guarantee for the first 10 years.

With Foresters SMART Universal Life you can choose from a variety of optional riders:

  • Children’s Term Rider
  • Accidental Death
  • Rider Disability
  • Income Rider (accidental only)
  • Waiver of Monthly
  • Deductions Rider
  • Family Health Benefit Rider
  • Common Carrier Accidental Death Rider
  • Guaranteed Purchase Option Rider

Foresters SMART Universal Life key features include:

  • Up to $250,000 non-medical coverage
  • Family Health Benefit and Common Carrier
  • Accidental Death riders at no additional cost
  • Opportunity for solid cash accumulation growth
  • Offers no-lapse Guarantee for the first 10 years
  • Optional riders to protect coverage during total disability to accident

About Foresters

Founded in 1874 as a fraternal benefit society, ForestersTM champions the well-being of families through quality life insurance, unique member benefits and inspiring community activities. Foresters shares its financial strength with more than 675,000 members in the United States, Canada and the United Kingdom. Unity Life of Canada� is a wholly owned subsidiary of Foresters. For more information, please visit