TORONTO, June 17,
2024 /PRNewswire/ - Foresters Financial™ (Foresters),
the global life insurer helping its members do more of the good
they want to do, today proudly celebrates its 150th
anniversary. This milestone not only marks a century and a half of
unwavering commitment to its members but also reinforces its
dedication to the core values of community, protection, and mutual
support.
Founded in 1874, Foresters Financial began with the goal of
providing access to life insurance for average working families.
For 150 years, the organization has provided life insurance and
savings solutions that help families achieve long-term financial
health and security. Today, 2.6 million clients and members in
Canada, the United States, and the United Kingdom benefit from Foresters
steadfast commitment to its Purpose—improving the well-being of
families, each year, by investing millions into member
benefits1 and community partnerships.
"This year, we are not just celebrating our past; we are
acknowledging our commitment to the future," said Matt Berman, President and Chief Executive
Officer of Foresters Financial. "We've built a legacy on helping
everyday families achieve long-term financial security, and as we
look ahead, we're focused on innovating and adapting to continue
meeting the evolving needs of advisors and members in all the
countries we serve."
Highlights of the 150th-anniversary celebrations
Community giving:
- Reinforcing Foresters commitment to do more good in their local
communities, Foresters launched its 150 Big Give initiative,
allowing members to nominate a charity, in each country Foresters
operates in, to receive a $50,000
donation.
- Foresters members have access to two $200 Foresters Care™ grants annually. To mark
National Volunteer week in April
2024, a limited-time top-up of $150 on one of the grants allowed Foresters
members to make a more significant impact in their communities. The
stories of how members used this increased grant amount are
inspiring. Many used the $350 to
assemble care kits for local shelters, organize park cleanups, or
support food banks. One of our members recognized a critical need
and used her top-up to donate a significant supply of diapers to
her local food bank. This is just one example of the countless ways
Foresters members are making a difference in their
communities.
Celebrating the past, present, and future:
Foresters has always been about creating a more caring future.
Today, its members keep that original vision strong by always
lending a hand and enriching communities. Read their stories and
see inspiring moments from Foresters past at
foresters.com/150years.
"We are more than a financial services company; we are a
community of individuals united by a common goal – to support each
other and our communities," adds René Zanin, Global Chief Legal,
Administrative, and Membership Officer of Foresters Financial. "Our
members are the heart and soul of Foresters, and their trust and
loyalty have brought us to this incredible milestone."
As the company celebrates 150 years of service, Foresters
remains committed to its founding principles. Foresters Financial
adapts to the changing needs of its members and continues to
provide the financial security and support that families and
communities have relied on for generations.
About Foresters Financial
Financial security and living your purpose
Foresters Financial™ has helped people protect their family's
financial future for 150 years. But we've also gone beyond that,
giving our members opportunities to do more for their health,
communities and the causes they care about most. Foresters is an
intrinsically purpose-driven organization working to enrich family
and community well-being. Alongside offering life insurance in the
US and Canada and life insurance
and savings solutions in the UK, Foresters partners with members to
help them do more of the good they want to do.
We've been a dedicated group of community builders since 1874
and today, sustainability, environmental consciousness and social
responsibility are central to delivering our purpose. That
commitment has continually led us to provide meaningful lifelong
benefits1 to our members, like Foresters Care™ grants
that bring communities together, Competitive
Scholarships2 to help create a brighter future for young
leaders and others that support a world where more good happens.
Together, we're making a difference while inspiring others and new
generations to give back. Foresters Financial is the trade name for
The Independent Order of Foresters, the oldest non-denominational
fraternal benefit society. For 23 straight years, The Independent
Order of Foresters has received an "A" (Excellent) rating from A.M.
Best.3
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1 Foresters
Financial member benefits are non-contractual, subject to benefit
specific eligibility requirements, definitions, and limitations and
may be changed or cancelled without notice or are no longer
available.
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2 The
Competitive Scholarship benefit is administered by International
Scholarship and Tuition Services, Inc. (ISTS).
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3 The A.M.
Best rating assigned on August 17, 2023, reflects the overall
strength and claims-paying ability of The Independent Order of
Foresters (IOF) but does not apply to the performance of any
non-IOF issued products. 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.
A.M. Best assigns ratings from A++ to F, A++ and A+ being superior
ratings and A and A- being excellent ratings. See ambest.com for
our latest rating.
Foresters Financial, Foresters, Helping Is Who We Are, Foresters
Care, Foresters Moments, Foresters Renew, Foresters Go and the
Foresters Go logo are trade names and/or trademarks of The
Independent Order of Foresters (a fraternal benefit society, 789
Don Mills Road, Toronto, ON, Canada M3C 1T9) and its
subsidiaries.
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423452 CAN/US (05/24)
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SOURCE The Independent Order of Foresters