Guidelines for agents include the Foresters Strong Foundation Diabetes Rating Calculator
TORONTO, June 28, 2021 / PRNewswire / – Foresters Financial ™, the fraternal life insurer who is quietly redefining the industry, announced today that it continues to lead the way in expanding the availability of life insurance for Americans with type 2 diabetes.
Starting June 28, 2021, Strong Foundation (1), Foresters’ industry-leading non-medical term life insurance that caters to a range of customer needs, will be available to even more people with type 2 diabetes. It is now also available to those who fall in the inferior Tables 7 through 12 and continues to be offered on a non-medical basis. This is the Foresters’ most recent attempt to cover this group. Facial amounts for people with type 2 diabetes (2) in Tables 7 through 12 run from $ 50,000 to $ 300,000 for 18 to 55 years (and up to $ 150,000 for the 56+), without blood tests or fluids and fast processing (with the iPipeline iGO e-app (3)). Insurability depends on answering medical and other application questions, as well as finding and reviewing insurance benefits.
JS Ledoux, AVP, Product Management, North America, said, “We’re continuing to redefine how insurers help people. 34 million Americans live with diabetes (4) and many don’t have life insurance because they don’t qualify, the underwriting process is too long or too expensive. Together we can do more Helping people with type 2 diabetes get the protection they need without getting full health insurance. “
Forester guides and tools help agents serve their customers quickly
Foresters provides essential guidance for agents, including the Foresters Strong Foundation Diabetes Rating Calculator (available here), to help them review key diabetes metrics with their customers to keep the application process running smoothly. The calculator uses information such as the customer’s hemoglobin A1C (HbA1C), the date the customer was first diagnosed with diabetes, and their current age, height, and weight to confirm that they are within the eligibility zone for a non-medical Application lies.
This latest improvement from the Strong Foundation follows on from other recent efforts by Foresters to insure more Americans with type 2 diabetes. Foresters first started in. by offering relaxed underwriting guidelines for their product portfolio for non-medical life insurance November 2019 including for Americans living with type 2 diabetes. A year later (November 2020), Foresters entered into an agreement with Roche Diabetes Care for member discounts on diabetes monitoring and management products.
Life insurance with a bigger purpose
Foresters brings a better new normal to everyday life in North America and offers its members a number of unique membership benefits that redefine the conventional life insurance model. Foresters Member Benefits (5) include opportunities for scholarships, orphan benefits, parish volunteer grants, wills and other legal documents, lifelong learning, member deals, and more.
About Foresters Financial
Foresters Financial is quietly redefining the life insurance and personal savings industries in the United States. Canada and Great Britain by enriching the lives, communities and general wellbeing of its members. Brokers and members alike appreciate the turnkey product offerings and the fully digitized processes that make it easy to take out life insurance without traditional medical examinations. State-of-the-art mobile tools help agents deliver customized plans to potential and current members. Foresters is committed to the welfare of its members and offers a variety of member benefits that redefine the conventional life insurance model and bring improved financial security and general wellbeing to North American families on a day-to-day basis. Foresters recently partnered with Canada Protection Plan to be a leading life insurance distributor in. to become Canada. Foresters Financial is the trading name for The Independent Order of Foresters, the oldest non-denominational fraternal welfare society. For 20 years in a row, The Independent Order of Foresters has earned an “A” (Excellent) rating from AM Best (6).
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For informational purposes only. |
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™ Foresters Financial, Foresters and Helping Is Who We Are are trademarks and / or trademarks of The Independent Order of Foresters (a fraternal charity, 789 Don Mills Rd, Toronto, Canada M3C 1T9) and its subsidiaries. |
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Canada Protection Plan is a trademark of Canada Protection Plan Inc. |
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(1) |
Foresters products and their drivers may not be available or approved in all states and are subject to actuarial approval, restrictions, contract terms and state variations. For more information about these terms, see the applicable Foresters Life product manual and insurance contract for your state. Signed by the Independent Order of Forester. |
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(2) |
Living with type 2 diabetes and A1C scores of 10.9 and below. |
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(3) |
The e-app is available via the iPipeline iGO e-app platform using Microsoft Edge (desktop / laptop) or Safari (Apple iPad only) for Foresters non-medical and medical products (except Foresters PlanRight). Touch to sign is only available on Apple iPad. The POS decision for non-medical products is not available Monday through Saturday 2:00 am to 6:00 am and Saturday 10:00 pm to Sunday 10:00 am ET. Some e-app features are not available in NY (see https://myezbiz.foresters.com/en/e-app for more information). |
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(4) |
Centers for Disease Control and Prevention (CDC), National Diabetes Statistics Report, 2020. |
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(5) |
The description of the membership benefits you may receive assumes that you are a Foresters member. Foresters Financial member benefits are non-contractual, subject to specific eligibility requirements, definitions and restrictions, and are subject to change, cancellation, or no longer available without notice. |
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(6) |
The AM Best ratings, awarded on August 5, 2020, reflect the overall strength and claims ability of The Independent Order of Foresters (IOF). An “A” rating (Excellent) is given to companies that have a strong ability to meet their ongoing obligations to policyholders and have excellent balance sheet strength, operational performance and business profile relative to the standards set by AM Best Company. AM Best awards ratings from A ++ to F, with A ++ and A + for superior ratings and A and A- for excellent ratings. When assigning the ratings for IOF, AM Best stated that the rating outlook is “stable” which means it will not change in the near future. See ambest.com for our latest reviews. |
SOURCE The independent order of foresters
similar links
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