Foresters Financial

Life insurance distributor with digital tools

Foresters Financial

Life insurance distributor with digital tools

Overview

Foresters Financial provides life insurance and individual savings products across the U.S., Canada, and the UK, offered through a fraternal benefit society. It uses end-to-end digitized processes and turnkey-decisioned product options that let people obtain life insurance without traditional medical exams, supported by mobile tools that help agents tailor plans for members. The company also offers a suite of member benefits focused on well-being and community support, differentiating itself with member-centric services and a long-standing rating of A (Excellent) from A.M. Best for 23 straight years. After merging with Canada Protection Plan, it became a leading life insurance distributor in Canada. Its goal is to improve financial security and overall wellness for everyday North American families while redefining how life insurance is distributed and valued.

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About Foresters Financial

Simplify's Rating

Why Foresters Financial is rated

B-

Rated B on Competitive Edge

Rated B on Growth Potential

Rated C on Differentiation

Industries

ConsultingFinancial Services

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Toronto, Canada

Founded

1874

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Simplify's take

What believers are saying

April 2026 underwriting expansion to $2 million widens case flow and producer adoption.
May 2026 reporting showed CA$166.2 million comprehensive income and CA$19.6 billion assets.
Tom Ross joined October 12, 2026 to accelerate U.S. annuity distribution for 2027.

What critics are saying

The 2027 MYGA launch pits Foresters against Athene, New York Life, and Corebridge immediately.
Annuity entry demands new distribution, compliance, and asset-liability expertise before revenue arrives.
If underwriting discipline slips, claims volatility and rating pressure threaten the membership model's economics.

What makes Foresters Financial unique

Fraternal benefit society structure funds member perks, scholarships, and community grants across markets.
A 150-year brand and A.M. Best A rating support trust in life insurance.
Digital underwriting with iPipeline and broader eligibility speeds decisions for real-world applicants.

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Benefits

Remote Work Options
Hybrid Work Options
Flexible Work Hours
Paid Vacation
Paid Holidays
Wellness Program
Mental Health Support
Conference Attendance Budget
Professional Development Budget
401(k) Retirement Plan
401(k) Company Match
Family Planning Benefits

Company News

II Reporter

Oct 28th, 2026

Foresters names Tom Ross to lead U.S. Annuity distribution.

Foresters names Tom Ross to lead U.S. Annuity distribution. The newly created role supports Foresters Financial's planned launch of a Multi-Year Guaranteed Annuity in the U.S. in 2027. Anthony R. O'Donnell // October 28, 2026 (Image credit: IIR.) Foresters Financial (Toronto) has appointed Tom Ross Chief Distribution Officer, U.S. Annuity Sales, effective Oct. 12, as the company prepares to enter the U.S. annuity market with a Multi-Year Guaranteed Annuity (MYGA) in 2027. In the newly created role, Ross will develop Foresters' U.S. annuity sales strategy and expand its distribution network. He will work across sales, product, marketing, legal and compliance in preparation for the MYGA launch. "A MYGA gives them that certainty," comments Andrea Frossard, Chief Commercial Officer, Foresters Financial. "Tom is the right person to bring it to market." Ross joins Foresters from F&G, where he most recently served as National Distribution Vice President, leading agent-facing wholesaling and national account teams. Building a U.S. Annuity Business Ross brings 16 years of financial services experience and will be responsible for establishing distribution relationships and supporting the long-term growth of Foresters' planned annuity business. "I've spent my career helping distribution partners succeed," Ross comments. "Now I get to build something new with them." Foresters currently provides life insurance in the U.S. and Canada, as well as life insurance and savings products in the U.K. The planned 2027 MYGA launch will extend its U.S. product portfolio into annuities.

PR Newswire

Oct 27th, 2026

Foresters Financial hires Tom Ross to lead US annuity sales ahead of 2027 MYGA launch

Foresters Financial has appointed Tom Ross as chief distribution officer, US annuity sales, effective October 12, 2026. The role is newly created. Ross will shape the company's US annuity sales strategy and grow its distribution network. He joins as Foresters prepares to launch a Multi-Year Guaranteed Annuity in the US in 2027. Ross has 16 years of financial services experience. He was most recently national distribution vice president at F&G, where he led agent-facing wholesaling and national account teams. "Tom is the right person to bring it to market," said Andrea Frossard, chief commercial officer at Foresters.

RivalSense

Oct 10th, 2026

Foresters Financial | competitive intelligence profile.

Foresters Financial | competitive intelligence profile. Foresters Financial is a purpose-driven financial services provider that specializes in life insurance and individual savings products... Foresters Financial is a purpose-driven financial services provider that specializes in life insurance and individual savings products across the U.S., Canada, and the UK. The company aims to enrich the lives and well-being of its members through innovative, digitized processes that simplify access to life insurance. With a commitment to community and member benefits, Foresters Financial has established itself as a leading life insurance distributor, particularly after merging with Canada Protection Plan. It operates under the trade name of The Independent Order of Foresters, a fraternal benefit society with a long-standing history. Email Format [first_initial][last]@foresters.com Headquarters Toronto, Ontario 1001-5000 employees Financial Services Specialities Financial Services and Life Insurance

PR Newswire

Apr 28th, 2026

Foresters Financial expands accelerated underwriting to $2M, broadens eligibility and adds digital tools

Foresters Financial has expanded its Accelerated Underwriting programme in the US, raising face amount limits to $2 million for ages 18 to 60 and $1 million for ages 61 to 65. The enhanced programme, effective 26 April 2026, broadens eligibility to include smokers and those taking hypertension or cholesterol medications. The updates introduce a pre-screen checklist on iPipeline iGO e-App, allowing producers to quickly identify potential eligibility before submission. The programme applies across all medically underwritten Foresters products, including Your Term, Advantage Plus II and SMART UL. The expansion coincides with Paul Greene's appointment as Chief Underwriter. For over 150 years, Foresters has provided life insurance whilst maintaining an "A" rating from A.M. Best for 25 consecutive years.

The Independent

Jul 31st, 2025

Foresters Advance to Quarterfinals of NBC World Series

The remainder of the tournament is now single elimination and the Foresters need three victories to capture their 11th NBC World Series Championship.

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