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ProdMod: Foresters Financial’s New Term Pricing is Your Secret Weapon

The team at Foresters Financial has just delivered on one of the key commitments that led to their addition to the AIN Core Carrier platform: Your Term, an updated, competitively priced term insurance product. The rates are not on the quote engines, so running them on the Foresters web site or their standalone software is the only way to take advantage of this opportunity to out work the competition. Read on for more on the launch, the product itself, and upcoming training opportunities.

Foresters Financial’s Lifefirst Term is being replaced by Your Term effective April 22nd

Effective April 22nd, 2017 Foresters Financial is replacing Lifefirst with Your Term in all states except New York. Your Term offers customizable coverage and is designed to meet the needs of the middle market across multiple generations. Competitively priced, Your Term offers enhanced features like:

  • 10, 15, 20 and 30 year term lengths for both non-medical and medically underwritten plans
  • Issue ages from 18 – 80
  • Non-medical face amounts up to $400,000
  • Medically underwritten face amounts from $100,000 to $10,000,000 or more
  • New Charity Benefit Provision

Training Opportunities: Learn more about Your Term prior to launch

April 19th

  • Your Life Term: 9am- 9:40am EST
  • Your Term- Foresters New Level Term Life Insurance
  • Join us for a webinar on Apr 19, 2017 at 9:00 AM EDT.
  • Register now!

April 21st

  • Your Life Term: 12:00pm- 12:40pm EST
  • Your Term- Foresters New Level Term Life Insurance
  • Join us for a webinar on Apr 21, 2017 at 12:00 PM EDT.
  • Register now!

Quotes and Illustrations – Available April 22nd:

Transition Rules:

  • For paper applications (based on application sign date for all states except New York and includes FEB and List Bill):
    • Applications with Lifefirst Product Details page, signed on or before April 21st and submitted within 30 days of the sign date will be processed as a Lifefirst application.
    • Applications with Your Term Product Details page signed on or after April 22nd will be processed as a Your Term application.
    • Applications with Lifefirst Product Details page, signed on or after April 22nd will not be accepted.
    • Applications with Your Term Product Details page signed on or before April 21st will not be accepted.

Look for Your Term rates and marketing material from Foresters wth the formal launch on April 22nd!