Foresters introduces SMART Universal Life to provide flexible protection options

Offers long term potential to accumulate cash

TORONTO, Aug. 24 /PRNewswire/ - Foresters(TM), a life insurance provider committed to the well-being of families, now offers more flexibility with its latest life insurance product, SMART Universal Life(1). 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

Foresters SMART Universal Life is sold through a network of independent life insurance distributors throughout the United States.

About Foresters

Founded in 1874 as a fraternal benefit society, Foresters(TM) champions the well-being of families through quality life insurance, unique member benefits and inspiring community activities. Foresters has assets of $6.2 billion with liabilities of $4.8 billion resulting in a surplus of $1.4 billion (all figures in Canadian dollars as of December 31, 2009) and maintains an "A" (Excellent) rating by A.M. Best*. Foresters shares its financial strength with more than 675,000 members in Canada, the United States and the United Kingdom. Foresters Equity Services, Inc.**, a wholly owned subsidiary of Foresters, offers investment products in the U.S. Unity Life of Canada***, a wholly owned subsidiary of Foresters, represents Foresters in Canada. For more information, please visit www.foresters.com.

Foresters(TM) is a trademark of The Independent Order of Foresters, a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9.

*An "A" (Excellent) rating is assigned to companies that have a strong ability to meet their ongoing obligations to policyholders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by A.M. Best Company. In assigning Foresters rating, A.M. Best stated that Foresters rating outlook is "stable", which means it is unlikely to change in the near future, assuming Foresters financial strength is maintained and operations grow. A.M. Best assigns ratings from A++ to F, A++ being superior ratings and A and A- being excellent ratings.

** Investments offered through Foresters Equity Services, Inc. Member FINRA, SIPC, 6640 Lusk Blvd., Suite A-202, San Diego, CA 92121 T. 858 550 4844.

*** Unity Life of Canada, a Foresters company, is a wholly owned subsidiary of The Independent Order of Foresters.

(1) Available only in the US and where state approved

SOURCE Foresters