Foresters Advantage Plus e-kit

Transcription

1 Foresters Advantage Plus e-kit Advantage Plus Producer Guide (11/14) Page 2 Advantage Plus Consumer Brochure US (11/14) Page 14 Advantage Plus Coverage at a Glance Worksheet US (11/14) Page 16 Budget Review Sales Sheet US (01/12) Page 19 Lifestyle Protection Needs Sales Sheet US (01/12) Page 20 Permanent Protection Needs Sales Sheet US (01/12) Page 21 Foresters Financial Strength US (05/14) Page US (11/14)

2 Foresters Advantage Plus Producer Guide Whole Life Insurance This guide is for information purposes only and is intended to answer your questions and provide ideas to help you sell Foresters Advantage Plus Whole Life Insurance. Check Foresters producer website for other tools to support your learning needs. You must ensure that you correctly represent, to a customer or prospect, the product features based on the actual wording of the applicable certificate and riders for your state. Products and features may not be available in all jurisdictions, availability may be modified from time to time and certain restrictions may apply. Consult Foresters producer website for more detailed product information and up to date availability. Foresters, its employees and life insurance representatives do not provide, on Foresters behalf, legal, tax, or estate planning advice. The information here reflects our understanding of current laws and regulations. Prospective purchasers should contact their own legal, tax, or estate planning advisors on their specific situations. This document is intended for producer use only and should not be disclosed to the public. The information contained in this guide is general in nature and is subject to the applicable certificate and rider wording. Foresters is the trade name and a trademark of The Independent Order of Foresters, a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9. For Producer Use Only US (11/14)

3 CONTENTS FAST FACTS... 2 PRODUCT SPECIFICATIONS... 3 DESCRIPTION... 3 PREMIUM PERIOD... 3 ISSUE AGES... 3 UNDERWRITING CLASSIFICATIONS... 3 RATINGS... 3 FACE AMOUNT BANDS... 3 ILLUSTRATIONS... 3 TARGET MARKET... 3 PREMIUM MODES... 3 MODAL FACTORS... 3 MINIMUM PREMIUM... 3 CERTIFICATE FEE... 4 NON-FORFEITURE OPTIONS... 4 CONVERSIONS EXCHANGES... 4 CASH VALUE AND DIVIDENDS... 4 CASH VALUES... 4 DIVIDENDS... 4 SURRENDERS AND LOANS... 4 SURRENDERS... 4 LOANS... 4 REINSTATEMENT... 5 RIDERS... 5 CHILDREN S TERM RIDER... 5 ACCIDENTAL DEATH RIDER... 5 GUARANTEED INSURABILITY RIDER... 5 WAIVER OF PREMIUM RIDER... 6 DISABILITY INCOME RIDER (ACCIDENT ONLY) YEAR TERM RIDER (NON-MEDICAL) YEAR TERM RIDER (MEDICAL) YEAR TERM RIDER (NON-MEDICAL) YEAR TERM RIDER (MEDICAL)... 8 COMMON CARRIER ACCIDENTAL DEATH RIDER... 8 PAID-UP ADDITIONS RIDER (NON-MEDICAL)... 9 PAID-UP ADDITIONS RIDER (MEDICAL)... 9 FAMILY HEALTH BENEFIT RIDER ACCELERATED DEATH BENEFIT RIDER (NON-MEDICAL) SOFTWARE HELP KEY CONTACT INFORMATION SALES SUPPORT OUR PRODUCER SERVICE CENTER MARKETING SUPPLIES Page 1 of 12

4 FAST FACTS Product Type Participating Whole Life Issue Ages (age Premium Period 20 Pay Level Pay to Age 100 Non-Medical Juvenile (issue ages 0-15) Non-Tobacco (issue ages 16-75) Tobacco (issue ages 16-75) Medical Juvenile (issue ages 0-15) nearest birthday) Illustrations 0-75 (non-medical) 0-85 (medical) Required for certificate issue Non-Medical Issue Age 0-15: $25,000 to $150,000 Issue Age 16-55: $25,000 to $250,000 Issue Age 56-75: $25,000 to $150,000 Medical, Band I (less than $500,000) Underwriting Classification Preferred Plus Non-Tobacco (issue ages 16-85) Preferred Non-Tobacco (issue ages 16-85) Non-Tobacco Plus (issue ages 16-85) Face Amount Bands Issue Age 0-15: $150,001 - $499,999 Issue Age 16-70: $100,000 - $499,999 Issue Age 71-75: $50,000 - $499,999 Issue Age 76-85: $25,000 - $499,999 Premium Modes Non-Forfeiture Options Loans Non-Tobacco (issue ages 16-85) Tobacco Plus (issue ages 16-85) Tobacco (issue ages 16-85) Annual Semi-Annual Quarterly Monthly (PAC only) Cash surrender Reduced Paid-up (RPU) subject to minimum of $1,000 Automatic Premium Loan (APL) Can be taken if cash value is available Minimum Modal Premium Dividend Options Loan Rate Variable Insurer Medical, Band II (over $500,000) $500,000 and up for all issue ages For Issue Ages 71-85: Preferred, Preferred Plus, Tobacco Plus, and Non-Tobacco Plus underwriting classes are only available if the face amount is at least $100,000. $300/annually $150/semi-annually $75/quarterly $25/monthly (Not including Paid-up Additions Rider Payments) Paid-up Additions (PUA) On deposit with interest To reduce premiums Paid in cash The Independent Order of Foresters (Foresters) Product and benefit information provided in this document is for producer reference purposes only. It is based on our current product rules which is subject to change, and is also subject to state availability and variations and to the terms, including limitations, set out in the state specific product. Page 2 of 12

5 PRODUCT SPECIFICATIONS DESCRIPTION Foresters Advantage Plus Whole Life Insurance (Foresters Advantage Plus) is a participating whole life product which provides lifetime death benefit protection, guaranteed cash values and lifetime guaranteed premiums. It is designed and priced based on the 2001 Commissioners Standard Ordinary (CSO) mortality tables. In addition to offering lifetime protection, Foresters Advantage Plus also offers a variety of features and riders that address a broad range of personal protection needs. PREMIUM PERIOD Available as a 20 Pay or Paid-up at 100 First Premium on PAC (FPOP) is available For issue ages the 20 Pay option is not available. ISSUE AGES Non-Medical 0-75 (age nearest birthday) Medical 0-85 (age nearest birthday) When we refer to an age after the issue date, age is defined as the issue age plus the number of completed certificate years. UNDERWRITING CLASSIFICATIONS Non-Medical Juvenile (issue ages 0-15) Non-Tobacco (issue ages 16-75) Tobacco (issue ages 16-75) Medical Juvenile (issue ages 0-15) Preferred Plus Non-Tobacco (issue ages 16-85) Preferred Non-Tobacco (issue ages 16-85) Non-Tobacco Plus (issue ages 16-85) Non-Tobacco (issue ages 16-85) Tobacco Plus (issue ages 16-85) Tobacco (issue ages 16-85) RATINGS Substandard extras are available. Temporary and permanent flat extras are available. Rating classes are +50% to +400% and will be determined by Underwriting. FACE AMOUNT BANDS Non-Medical Issue Age 0-15: $25,000 to $150,000 Issue Age 16-55: $25,000 to $250,000 Issue Age 56-75: $25,000 to $150,000 Medical Band I: Less than $500,000 Issue Age 0-15: $150,001 - $499,999 Issue Age 16-70: $100,000 - $499,999 Issue Age 71-75: $50,000 - $499,999 Issue Age 76-85: $ 25,000 - $499,999 For Issue Ages 71-85: Preferred, Preferred Plus, Tobacco Plus, and Non-Tobacco Plus underwriting classes are only available if the face amount is at least $100,000. Band II: $500,000 and up for all issue ages ILLUSTRATIONS At the Point-of-Sale (POS) of Foresters Advantage Plus, the producer must do the following: Complete an Illustration Certification form; or Provide to the prospective Owner an illustration matching the product as applied for in the application. A copy of this illustration must be signed by the producer and the prospective Owner and submitted with the application to Foresters. TARGET MARKET Middle-income market Seeking guarantees and lifetime life insurance protection Looking to build long-term cash value Have dependents PREMIUM MODES Annual Semi-Annual Quarterly Monthly (PAC) MODAL FACTORS Annual: 1.00 Semi-Annual: 0.51 Quarterly: 0.26 Monthly: MINIMUM PREMIUM Annual: $300 Semi-Annual: $150 Quarterly: $75 PAC: $25 Page 3 of 12

6 (No minimums apply to term conversions below minimum face amount) CERTIFICATE FEE Annual: $72 Semi-Annual: $36.72 Quarterly: $18.72 Monthly (PAC): $6.30 (Certificate fee is fully commissionable) NON-FORFEITURE OPTIONS Cash Surrender Reduced Paid-up (RPU) subject to minimum of $1,000 Automatic Premium Loan (APL) If the APL option is not chosen the default is RPU, unless the cash surrender amount would purchase less than $1,000 of face amount. In that case, Foresters may surrender the certificate and payout the cash surrender value. If the owner elects APL we will switch the payment mode to monthly (if the certificate is on another mode) should the certificate go onto APL. CONVERSIONS Foresters non-medical term certificates can convert to all non-medical versions of Foresters Advantage Plus. Conversions to Foresters Advantage Plus are not required to meet the minimum face amount, however: if the old term coverage is less than $25,000, it must be converted in its entirety, and; if the new Foresters Advantage Plus coverage will be below the minimum face amount, the premium option must be Pay to EXCHANGES 1035 exchanges are allowed, provided that monies from the 1035 exchange are applied towards a single payment for the Paid-up Additions Rider. CASH VALUE AND DIVIDENDS CASH VALUES Cash values are guaranteed and vary based only on gender and tobacco status. DIVIDENDS Dividends are not guaranteed and vary by gender, band, smoker, preferred/standard, and premiumpay period. Available dividend options are: Paid-up Additions (PUA) On deposit with interest To reduce premiums Paid in cash The default dividend option is Paid-up Additions (PUA). SURRENDERS AND LOANS SURRENDERS The certificate may be partially or fully surrendered for its cash surrender value at any time. Full Surrender A certificate can be fully surrendered for its guaranteed cash value, plus the value of any Paidup Additions (PUA) or accumulated dividends on deposit, less any outstanding debt. Partial Surrender A certificate can be partially surrendered by surrendering Paid-up Additions. The death benefit supported by the Paid-up Additions (PUA) will be reduced accordingly. Each partial surrender must be for at least $ LOANS Loan(s) may be obtained from Foresters using the certificate as collateral. The certificate must be in effect and have a positive cash surrender value at the time of the loan. Interest is charged daily at the current Foresters US variable loan rate. The amount of the loan requested may be adjusted if the cash surrender value at that time is insufficient. Loan repayment All or part of a certificate loan may be repaid at any time prior to the death* of the insured or the surrender of the certificate. Repayments will reduce the loan amount. *The death proceeds payable are reduced by the outstanding amount of the loan (and accrued Page 4 of 12

7 interest). If the loan amount exceeds the account value, the certificate will terminate. Also, if the certificate terminates/lapses while there is a loan, the loan will be treated as a distribution from the certificate, and there may be tax consequences as a result. REINSTATEMENT Foresters may approve the reinstatement of a lapsed certificate within three years of its lapse subject to: Evidence of insurability accepted by Foresters Payment of the unpaid premiums since lapse, plus any debt existing on the lapse date, plus applicable interest Interest on the unpaid premiums will not exceed 6.0%. Interest on a loan will not exceed Foresters variable loan rate in effect during reinstatement period. RIDERS CHILDREN S TERM RIDER Available on Children of life insured Issue ages (for Life insured) Description Provides level term life insurance for each child, listed on the application, who is 15 days or older, has not reached their 18 th birthday at issue of the rider and is not excluded by Foresters. A child is not covered past their 25 th birthday. Issue amount Any amount between and including $10,000 - $25,000. Convertibility To a permanent plan without evidence of insurability. For child up to age 21, that child can convert up to 1X rider benefit amount. Between ages 21 and 25, up to 5X the rider benefit amount (max $100,000/insured child on all Foresters child rider conversions for that child). Expiry date The certificate anniversary on which the insured is age 65. Note: Coverage will be extended to each person who becomes an insured child while this rider is in effect. That child must be at least 15 days old and has not reached their 18th birthday. ACCIDENTAL DEATH RIDER Issue ages Description Provides additional coverage in the event of an accidental death, caused by an accidental bodily injury, and death occurs within 180 days of the injury. Issue amount Expiry date Minimum issue amount is $25,000. Maximum issue amount is 100% of the face amount (subject to a maximum of $300,000 across all Foresters certificates). The certificate anniversary on which the insured is age 70. GUARANTEED INSURABILITY RIDER Issue ages 0-37 Description Provides an opportunity to purchase additional coverage on the Life Insured up to the rider benefit amount without further evidence of insurability by making an application and paying the first premium within 90 days before an option date. Option dates are the Certificate Anniversary on which the Life Insured's age is 25, 28, 31, 34, 37 and 40 after which the rider expires. An option date may be moved forward to 90 days after the Life Insured's marriage or the birth or the adoption of a child. The marriage, birth or adoption must occur after the issue date of this rider and before the Life Insured's 40th birthday. The premium for the new certificate will be at our rates in use on the option date for the then age of the insured and the same risk classification as the certificate. Max benefit amount Expiry date $50,000 per option or the certificate face amount at issue if it is less than $50,000. The certificate anniversary on which the insured is age 40. Page 5 of 12

8 WAIVER OF PREMIUM RIDER Issue ages Description Insures against total disability from one s own occupation for 24 months and total disability from any occupation after that. If total disability begins prior to the certificate anniversary on which the insured is age 60 and the insured is continuously totally disabled after the rider expiry date, the premium will continue to be waived until the earlier of: a) the date when the insured is no longer totally disabled or, b) the day the certificate is no longer in effect. If total disability begins on or after the certificate anniversary on which the insured is age 60 and the insured is continuously disabled after that anniversary, the premium will continue to be waived until the earlier of: a) the date when the insured is no longer totally disabled, or b) the certificate anniversary on which the insured is age 65, or c) the day the certificate is no longer in effect. DISABILITY INCOME RIDER (ACCIDENT ONLY) Issue ages Description Provides a monthly benefit for up to two years for total disability from one s own occupation, and for a second independent injury, up to two additional years for total disability from any occupation if the insured becomes totally disabled due to injury within 180 days of that injury. Waiting 90 days period Min monthly $300 benefit Max monthly benefit Increases and decreases Death claims Lesser of (at time of application): a) $2,000 for Non-medical, $3,000 for Medical b) 1.5% of the face amount (based upon total Foresters Disability Rider coverage), or c) 60% of the insured s earned income at certificate issue. The benefit amount can be decreased after issue, however, increases are not permitted after issue. If the insured dies as the result of an injury while this rider is in effect, Foresters will return 100% of the DIR premiums paid minus the sum of DIR benefits paid. Waiting period Rider expiry date Payments under the Paid-up Additions Rider (PUAR) are not considered premiums under the terms of the Waiver of Premium Rider and are therefore not covered. PUAR payments can continue to be made while the certificate premiums are being waived. Six months The certificate anniversary on which the insured is age 65. Number of claims Claim period Definition of total disability Note: If the sum of DIR payouts is equal to or greater than the sum of premiums paid then there will be no return of DIR premiums upon death. Up to 2 independent claims, not to exceed 24 months per independent claim. 24 months, not required to be consecutive for a given claim. Total disability is defined in the rider, and for the: 1st Injury - Insured s inability to work at own occupation 2nd Injury - Insured s inability to work at any occupation The certificate anniversary on which the insured is age 65. Expiry date Page 6 of 12

9 10-YEAR TERM RIDER (NON-MEDICAL) Issue ages 20 Pay: Paid-up at 100: Description Provides level term life insurance with level premiums for the first 10 years. After 10 years, coverage can be continued as yearly renewable term insurance (with annual premium increases) for the greater of 10 years or to the certificate anniversary on which the insured is age 65. Issue Minimum coverage is $10,000. amount Maximum coverage is: For issue ages 18-55: $250,000 minus the face amount of the base certificate, plus the amount of paid-up additional insurance purchased under a Single Payment Paid-up Additions Rider (if applicable), plus any other non-medical coverage currently inforce with Foresters. For issue ages 56-75: $150,000 minus the face amount of the base certificate, plus the amount of paid-up additional insurance purchased under a Single Payment Paid-up Additions Rider (if applicable), plus any other non-medical coverage currently inforce with Foresters. Convertibility This rider is convertible during the conversion period to a permanent Foresters life insurance plan being offered for conversion with similar underwriting class, subject to issue age and face amount limitations of that plan. Expiry date The later of 20 years after the rider issue date and the certificate anniversary on which the insured is age YEAR TERM RIDER (MEDICAL) Issue ages 20 Pay: Paid-up at 100: Description Provides level term life insurance with level premiums for the first 10 years. After 10 years, coverage can be continued as yearly renewable term insurance (with annual premium increases) for the greater of 10 years or to the certificate anniversary on which the insured is age 65. Issue Minimum coverage is $10,000. amount Maximum coverage is: 12 times the face amount of the certificate. Convertibility This rider is convertible during the conversion period to a permanent Foresters life insurance plan being offered for conversion with similar underwriting class, subject to issue age and face amount limitations of that plan. Expiry date The later of 20 years after the rider issue date and the certificate anniversary on which the insured is age 65. Page 7 of 12

10 20-YEAR TERM RIDER (NON-MEDICAL) Issue ages Paid-up at 100: (not available on 20-Pay) Description Provides level term life insurance with level premiums for the first 20 years. After 20 years, coverage can be continued as yearly renewable term insurance (with annual premium increases) for the greater of 10 years or to the certificate anniversary on which the insured is age 75. Issue Minimum coverage is $10,000. amount Maximum coverage is: For issue ages 18-55: $250,000 minus the ace amount of the base certificate, plus the amount of paid-up additional insurance purchased under a Single Payment Paid-up Additions Rider (if applicable) plus any other non-medical coverage currently inforce with Foresters. For issue ages 56-65: $150,000 minus the face amount of the base certificate, plus the amount of paid-up additional insurance purchased under a Single Payment Paid-up Additions Rider (if applicable) plus any other non-medical coverage currently inforce with Foresters. Convertibility This rider is convertible during the conversion period to a permanent Foresters life insurance plan being offered for conversion with similar underwriting class, subject to issue age and face amount limitations of that plan. Expiry date The later of 30 years after the rider issue date and the certificate anniversary on which the insured is age YEAR TERM RIDER (MEDICAL) Issue ages Paid-up at 100: (not available on 20-Pay) Description Provides level term life insurance with level premiums for the first 20 years. After 20 years, coverage can be continued as yearly renewable term insurance (with annual premium increases) for the greater of 10 years or to the certificate anniversary on which the insured is age 75. Issue Minimum coverage is $10,000. amount Maximum coverage is: 12 times the face amount of the certificate. Convertibility This rider is convertible during the conversion period to a permanent Foresters life insurance plan being offered for conversion with similar underwriting class, subject to issue age and face amount limitations of that plan. Expiry date The later of 30 years after the rider issue date and the certificate anniversary on which the insured is age 75. COMMON CARRIER ACCIDENTAL DEATH RIDER Issue ages 0-85 Description This rider, automatically included on all eligible certificates (cost is included in basic certificate premium), provides a death benefit of up to two times the face amount to a maximum of $300,000, if the insured dies within 180 days of an accidental bodily injury that occurred while riding on a common carrier as a fare-paying passenger. Benefit amount Expiry date Two times the face amount (rider death benefit is subject to a maximum of $300,000 across all Foresters accidental death coverage) The certificate anniversary on which the insured is age 100. Page 8 of 12

11 PAID-UP ADDITIONS RIDER (NON-MEDICAL) Issue ages 20 Pay: Paid-up at 100: Description Provides the Owner with the opportunity to purchase paid-up additional insurance (permanent, participating life insurance, with cash values, that endows at age 121) on the life of the insured. The rider is only available as a single payment coming from a 1035 exchange; no other form of payment is accepted. There are no premiums associated with the PUA riders however a payment expense charge (6%) is deducted from each payment accepted under the rider, with the balance used to purchase the paid-up insurance. The amount of paid-up additions purchased by each payment varies based upon the age of the insured at the time the payment is made. Payment Minimum payment amount: $600 amounts Maximum coverage is: Expiry date For issue ages 18-55: $250,000 minus the face amount of the base certificate, plus the Term Rider (if applicable), plus any other non-medical coverage currently inforce with Foresters. For issue ages 56-70: $150,000 minus the face amount of the base certificate, plus the Term Rider (if applicable), (if applicable), plus any other nonmedical coverage currently inforce with Foresters. The earlier of the date the single payment is accepted or 60 days after the rider issue date. Foresters may accept a payment arriving later than 60 days after the rider issue date, if the delay is not the fault of the Owner. PAID-UP ADDITIONS RIDER (MEDICAL) Issue ages 20 Pay: Paid-up at 100: Description Provides the Owner with the opportunity to purchase paid-up additional insurance (permanent, participating life insurance, with cash values, that endows at age 121) on the life of the insured. The rider is available in either a single payment or a flexible payment version. There are no premiums associated with the PUA riders however a payment expense charge (6%) is deducted from each payment accepted under the rider, with the balance used to purchase the paid-up insurance. The amount of paid-up additions purchased by each payment varies based upon the age of the insured at the time the payment is made. Payment amounts Payment Modes and Billing Minimum payment amount: Flexible Payment Rider: Each payment must be a minimum of $50. Single Payment Rider: $600 Maximum payment amount: Each flexible payment rider is issued with a maximum annual payment amount up to $100,000 and $1,000,000 lifetime maximum (applied for and subject to underwriting approval) that applies for the first 10 years. At the 10 th certificate anniversary, the maximum annual payment amount will be reset to equal the annual average of the actual payments accepted under the rider during the first 10 years. Payments under the flexible payment rider can be made at any time; however at issue billing must be in the same mode as the premium payments for the base certificate. After issue billing mode for the rider can be changed to annual. Page 9 of 12

12 Expiry date Flexible Payment Rider: To the earlier of 25 years after the rider issue date and the certificate anniversary on which the insured is age 80. Single Payment Rider: The earlier of the date the single payment is accepted or 60 days after the rider issue date. Foresters may accept a payment arriving later than 60 days after the rider issue date, if the delay is not the fault of the owner (e.g exchange). FAMILY HEALTH BENEFIT RIDER Issue ages 0-85 Description This rider, automatically included on all eligible certificates (cost is included in basic certificate premium), provides benefits for qualified health situations for the insured and their immediate family of up to $650 per person per incident with a lifetime family maximum of $5,000, who have had to be transferred to a hospital in the Continental United States, Alaska or Hawaii by ambulance, visit the emergency room or stay in hospital as a result of the following: Earthquake Hurricane Tornado Tsunami Typhoon Struck by lightning Volcanic eruption Qualified event and amount Max benefit amount Expiry date Ambulance Transportation: $50 Hospital Emergency Room Examination: $100 Hospital Stay: $100/day (up to 5 days) $650 per person, per incident with a lifetime family maximum of $5,000. The certificate anniversary on which the insured is age 100. ACCELERATED DEATH BENEFIT RIDER (NON- MEDICAL) Description This rider, included with eligible certificates at no additional premium, provides the owner an option of accelerating a portion of the eligible death benefit (face amount plus paid-up additional insurance) and receiving an accelerated death benefit payment due to diagnosis of an eligible illness. Eligible Illness Summary Definition of Illnesses Subject to eligibility criteria and state variations, this rider can be issued with one or more of the following eligible illnesses: Chronic illness Critical illness Terminal illness Chronic Illness means the insured: Is unable to perform, without substantial assistance from another person, at least two of the activities of daily living for a period of at least 90 days, due to a loss of functional capacity; or Requires substantial supervision by another person to protect the insured from threats to health and safety due to the insured s severe cognitive impairment. Critical Illness is the following illnesses: Life Threatening (Invasive) Cancer Myocardial Infarction Stroke Advanced Alzheimer s Disease (before the insured s 75 th birthday) End Stage Renal Failure Major Organ Failure ALS Terminal illness means the insured has a non-correctable illness or physical condition which is reasonably expected to result in death within 12 months of diagnosis. Page 10 of 12

13 Eligibility Criteria Minimum Acceleration Amount Maximum Acceleration Amount Lifetime Maximum Acceleration Amount Minimum Residual Base Face Amount Payment Amount Chronic and Critical Illnesses: Issue face amount must be at least $25,000; Insured s issue age is 75 or younger; and Standard rated cases Terminal Illness: Issue face amount must be at least $25,000; All ages; and Standard rated cases $4,500 Chronic Illness In any 12-month period, 24% of the eligible death benefit on the effective date of the first accelerated payment due to chronic illness Critical Illness Lesser of a) 95% of the eligible death benefit on the effective date of the applicable each accelerated payment due to critical illness; and b) $500,000 Terminal Illness Lesser of a) 95% of the eligible death benefit on the effective date of the accelerated payment due to terminal illness; and b) $500,000 One terminal illness payment is allowed the rider will terminate after an ABR terminal illness payment Lesser of a) 95% of the eligible death benefit at the time of the first acceleration; and b) $500,000 $10,000 The payment, due to diagnosis of eligible critical illness and chronic illness, will be less than the acceleration amount which will be reduced by the following: Actuarial discount amount Loan repayment, prorated Actuarial Discount Amount Effect of Acceleration based on the acceleration amount Administration fee (current fee is $300) The actuarial discount amount and administration fee will not be applied to a terminal illness claim. The payment amount is guaranteed not be less than the certificate cash surrender value minus the outstanding prorated loan amount (based on the acceleration amount), if any. It is determined by Foresters: Based on factors specific to the insured, such as age, gender and premium class; Based on future mortality of the insured using the mortality table determined by Foresters; The accelerated death benefit interest rate Foresters applies; Will take into account the present value of: the acceleration amount and dividends in relation to that acceleration amount. ABR claim payment will reduce the face amount and, if any, the paidup additional insurance, cash value and loan amount. The reduction to the face amount could be by more than the payment amount. After acceleration, future dividends credited, if any, will be as if the certificate had been issued at the reduced face amount. Any outstanding certificate loan will be reduced by the loan repayment amount that was subtracted from the acceleration amount. Receipt of an accelerated death benefit payment is intended to qualify for favorable tax treatment under the IRC. However, depending on individual circumstances or changes to the IRC, the payment may be taxable, and may affect eligibility for public assistance or benefits. Your client should consult a qualified tax advisor and applicable government agency before receiving an accelerated death benefit payment. Page 11 of 12

14 SOFTWARE HELP You can access/download Foresters Advantage Plus software by logging onto Foresters producer website. Up to a maximum of 50 forms can be ordered at a time. If you need to order more than the maximum allowed, please contact Sales Support to place your order. Please check the state availability map for currently approved states. KEY CONTACT INFORMATION SALES SUPPORT We answer your call...with a live voice. Foresters Sales Support Team is your first, direct, live point-of-contact for all of your presales needs! Our informed professionals pick up when you call, and provide the friendly assistance you need. We are here for you! Call us at Option #1, Monday to Friday from 8:30 am to 7:00 pm ET. Our knowledgeable Foresters sales team is standing by to support your business with: A live voice to answer all of your Foresters questions Sales ideas and solutions Foresters product training Illustration software and website support Advanced marketing concepts, materials and education A Single Point-of-Contact with Foresters OUR PRODUCER SERVICE CENTER Do you need to inquire about business you have recently submitted, or an existing inforce certificate? Visit our producer website (foresters.com) for quick and easy 24 hour self-service options. Should you require additional assistance, please contact our Producer Support Line at Option #2 between Monday to Friday 8:00 am to 8:00 pm ET. MARKETING SUPPLIES Visit our producer website (foresters.com) for forms and marketing collateral. Here you will have the ability to download and/or order Foresters Sales Aids, which include: applications, product guides, consumer brochures, rate sheets, and advertising templates. Page 12 of 12

15 Whole Life Insurance Solid protection At some point in each of our lives, we start to think about the financial security of our families if we were no longer around to provide for them. How would our families cope with the costs of living in the future if we were to die prematurely? That s where Foresters life insurance can help provide the resources to help protect your family. Benefits of whole life insurance Provides lifetime (up to age 121) life insurance coverage Guaranteed level premiums for certain coverages Allows you to borrow and use the insurance as collateral for a loan (this can reduce the death benefit 1 ) Generally provides an income tax-free death benefit 2 Applying is simple Applying for Foresters Advantage Plus is simple and convenient. Complete an easy-to-understand application and you could be eligible for life insurance coverage. 3 Compliments of: This brochure is provided for information purposes only; it does not form part of the Foresters Advantage Plus Whole Life participating life insurance contract and is not intended to amend, alter or change any of the terms and conditions of the contract. Refer to the Foresters Advantage Plus Whole Life contract for your state for these terms and conditions, Life insurance contracts are issued by The Independent Order of Foresters, a fraternal benefit society. Foresters Advantage Plus and its riders may not be available or approved in all states, and state variations may apply. Foresters Advantage Plus and its riders are filed under the form numbers listed below, where XX represents either US or your state s postal abbreviation, as applicable. Foresters Advantage Plus: ICC11-WL-US01 or WL-XX or WL-XX Accidental Death Rider: ICC11-WL-ADR-US01 or WL-ADR-XX Term Rider: ICC12-WL-TR-US01 or WL-TR-XX Single Paid-Up Additions Rider: ICC12-WL-SPUAR-US01 or WL-SPUAR-XX Flexible Paid-Up Additions Rider: ICC12-WL-FPUAR-US01 or WL-FPUAR-XX Children s Term Rider: ICC11-WL-CTR-US01 or WL-CTR-XX Guaranteed Insurability Rider: ICC11-WL-GIR-US01 or WL-GIR-XX Waiver of Premium Rider: ICC11-WL-WPR-US01 or WL-WPR-XX Common Carrier Accidental Death Rider: ICC11-WL-CCADR-US01 or WL-CCADR-XX Family Health Benefit Rider: WL-FHB-XX Disability Income Rider (Accident Only): WL-DIR-XX Accelerated Death Benefit Rider (for Chronic, Critical and Terminal Illness): ICC14-TRAD-ABRCHCRTI-US01 or TRAD-ABRCHCRTI-XX Accelerated Death Benefit Rider (for Critical and Terminal Illness): ICC14-TRAD-ABRCRTI-US01 or TRAD-ABRCRTI-XX Accelerated Death Benefit Rider (for Terminal Illness): ICC14-TRAD-ABRTI-US01 or TRAD-ABRTI-XX Advantage Plus Whole Life Insurance Foresters getting more out of life Foresters membership real value For over 140 years, Foresters has put its prosperity and financial strength to work for those who matter most our members. Turn to us for affordable life insurance products and all the many benefits of membership.* If you become a Foresters member, you can enjoy a surprising package of complimentary benefits that can help you and your family do more. You can take advantage of opportunities to develop your personal skills, attend fun family events and make a difference in your community. Visit us to learn more about your membership at: foresters.com or call Remember, in most cases the younger and healthier you are the lower your insurance premiums. Helping to provide for both today s peace of mind and tomorrow s possibilities, Foresters Advantage Plus gives you many good reasons to apply. For more information about Foresters go to foresters.com or call us toll-free at The Independent Order of Foresters 789 Don Mills Road Toronto, Canada M3C 1T9 U.S. Mailing Address: PO Box 179 Buffalo, NY US (11/14) * Foresters member benefits are non-contractual, subject to eligibility requirements and limitations and may be changed or cancelled without notice. Third parties administer Legal Link, Everyday Money and Foresters Competitive Scholarships. Foresters is the trade name and a trademark of The Independent Order of Foresters, a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9.

16 The promise of life Perhaps the most important promise you ll make in your life is to your loved ones. It s the promise that they can enjoy financial security, no matter what the future may bring. Foresters Advantage Plus can help you keep your promise. Because Advantage Plus is participating life insurance, you may receive dividends that can be used to purchase paid-up additions, accumulate with interest, reduce premiums or be paid in cash. Cash value can help you fulfil your promise Foresters Advantage Plus has guaranteed cash value and may also pay dividends, which can be left on deposit to accumulate with guaranteed interest. You can also borrow against these cash values to help deal with temporary needs or emergencies and repay it later. Any outstanding loans, plus interest, will reduce your death benefit. Protect your promise even if disabled While becoming totally disabled in an accident is hard on you and your family, it should not mean financial ruin. By purchasing disability income protection with your certificate, you can receive a monthly income for up to two years. This income can help you maintain your family s lifestyle, while you get back on your feet. Prepare for the unexpected The Accelerated Death Benefit Rider 4 provides an option to accelerate a portion of the eligible death benefit and receive a payment 5. Subject to eligibility criteria and state variations, this rider can be issued with one or more of the eligible illnesses - Critical Illness, Chronic Illness or Terminal Illness with no additional premium. Ask your insurance representative how Foresters Advantage Plus can work for you. See the back cover of this brochure for important information about Foresters Advantage Plus and its riders. Advantage Plus Whole Life Insurance Protection for the important things in your life The flexibility to custom-build a plan to deliver on your promise Everyone s life insurance needs are unique and based on the changing needs of our families during our lifetimes. With Foresters Advantage Plus, you have the flexibility to build a plan that delivers on your promise just the way you want. Build your base coverage Start with life insurance coverage that you anticipate you ll need to help ensure the financial security of your family if you happen to die prematurely. With medically underwritten Foresters Advantage Plus plans, you can add to that basic coverage as your coverage needs change over time with an optional Paid-up Additions Rider. For added flexibility, you can purchase your paid-up additions over time or with a one-time single payment. Cover your short-term needs If you have extra needs, such as covering a mortgage, you may be able to add economical, renewable term life insurance coverage for 10- or 20-year periods of time. Access your cash value When you need money, you have the ability to borrow against the cash value that has built up in the Foresters Advantage Plus plan at affordable interest rates, and pay it back later 1. With Foresters Advantage Plus, you re in control, from building the coverage you want to adding optional coverage for the unexpected. 1 Dividend withdrawals or loans will reduce the death benefit and cash values and may affect how long the insurance contract is in effect. For loans, interest is charged daily at the current Foresters U.S. variable loan rates. 2 Foresters, their employees and life insurance representatives, do not provide, on Foresters behalf, legal or tax advice. The information given here is merely a summary of our understanding of current laws and regulations. Prospective purchasers should consult their tax or legal advisor. 3 Insurability depends on answers to questions in the application and on the outcome of the underwriting review based on underwriting requirements and guidelines. 4 This rider is not available for certificates issued with a base face amount of less than $25,000. On certificates where the insured s issue age is higher than 75 or issued as sub-standard, Terminal illness, where available, will be the only eligible illness issued. 5 The payment, due to diagnosis of an eligible illness, may be less than the acceleration amount which may be subject to a fee, an actuarial discount amount and other applicable deductions. Payment will decrease certificate values and benefits. Extend your promise Paid-up Additions Rider can be purchased to increase your Foresters Advantage Plus coverage and build-up additional cash value. Term Riders are available to provide term life insurance coverage for your children (Children s Term Rider) or as a 10- or 20-year Term Rider to extend your own coverage. Waiver of Premium Rider can be purchased to waive your premium if you are totally disabled and unable to work for at least 6 months. Accidental Death Rider can be purchased to add a benefit in case of accidental death due to accidental bodily injury. Disability Income Rider (Accident Only) can be purchased to provide a monthly income for up to two years, if you become totally disabled in an accident. Common Carrier Accidental Death Rider is automatically included to provide an additional death benefit if you die of accidental injuries that occur while riding as a fare-paying passenger on a common carrier, such as a bus or a train. Family Health Benefit Rider is automatically included to pay a benefit you can use to help pay some family health expenses that may occur as a result of some natural disasters, such as earthquakes, hurricanes, and tornadoes. Ask your life insurance representative for the details, limitations and conditions that may apply.

17 Foresters getting more out of life Advantage Plus Whole Life Insurance Real benefits when you need them As a Foresters TM member, you get so much more than a life insurance product. You can take advantage of opportunities to develop your personal skills, attend fun family events and make a difference in your community. You may also be eligible for other valuable member benefits 1 that enhance your insurance coverage. Foresters Advantage Plus provides protection for your lifetime (up to age 121), guaranteed cash value and may also pay dividends, that can be left to accumulate with guaranteed interest. If you become a member, you can enjoy a surprising package of complimentary benefits that can help you and your family do more. Your life insurance representative will use this worksheet to show you how life insurance coverage and Foresters benefits of membership can combine to offer real benefits in times of need. Although your situation may be quite different, let s look at an example of how member benefits can supplement the insurance coverage you re purchasing. In this example, if a married couple with three children were to die when their children were ages 1, 3 and 5, their beneficiaries would receive their life insurance benefit. In addition: Foresters Orphan Scholarships could provide up to $72,000 in scholarships ($6,000 for each child for 4 years) Foresters Orphan benefits could pay up to $486,000 toward the care of the children ($900 a month for each child until that child turns 18) That s an additional $558,000 in benefits just for being a Foresters member! Together, your Foresters life insurance and benefits of membership can help you and your family get more out of life the protection you and your family need and a unique package of benefits you can enjoy. Visit us to learn more about your membership at foresters.com. 1 Foresters member benefits are non-contractual, subject to eligibility requirements and limitations and may be changed or cancelled without notice. Third parties administer Legal Link, Everyday Money and Foresters Competitive Scholarships. Foresters is the trade name and a trademark of The Independent Order of Foresters, a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9; its subsidiaries are licensed to use this mark. The Independent Order of Foresters 789 Don Mills Road Toronto, Canada M3C 1T9 U.S. Mailing Address: PO Box 179 Buffalo, NY foresters.com

18 Prepared for: Plus: Complimentary Member Benefits 1 Name Date Prepared by Contact info Base coverage Foresters Advantage Plus Participating Whole Life Insurance Family Health Benefit Rider Provides hospital and ambulance benefits up to a maximum of $650 per person to a limit of $5,000 per family, if injured as a result of: hurricane, tsunami, earthquake, volcanic eruption, being struck by lightning, tornado, typhoon. Common Carrier Accidental Death Rider Pays up to double the death benefit if the insured dies within 180 days of an accidental injury that occurred on a common carrier while riding as a fare-paying passenger, to a maximum of $300,000. Accelerated Death Benefit Rider 4 Provides an option to accelerate a portion of the eligible death benefit and receive a payment 5. Subject to eligibility criteria and state variations, this rider can be issued with one or more of the eligible illnesses - Critical Illness, Chronic Illness or Terminal Illness with no additional premium. Optional benefits Disability Income Rider (Accident Only)* Provides a monthly income for up to 2 years (for 2 separate incidents) if the insured becomes totally disabled within 180 days of the injury (90-day elimination period). Term Riders 10-year term or 20-year term 20-Pay Pay to age 100 Paid-up Additions Rider Add the flexibility to purchase additional insurance in the future. Flexible payments (medical only) Single payment (medical and non-medical) Children s Term Rider Provides up to $25,000 of level term life insurance for each eligible child of the insured, whether born, adopted or under legal guardianship, or a stepchild of the insured. Accidental Death Rider Provides a maximum benefit of $300,000 in case of death due to accidental bodily injury. Waiver of Premium Rider Waives the premium up to rider expiry if the insured is totally disabled for at least 6 months and unable to work. If this disability begins before age 60, waiver continues even after the rider expires, if total disability is continuous. Guaranteed Insurability Rider Offers an opportunity to purchase additional coverage on the life of the insured (maximum of $50,000) on each option date, without additional evidence of insurability. Total Planned Premium *Premium subject to increase Benefit Amount $ /month Waives monthly premium Planned Premium For you and your family Terminal Illness loan 2 An interest-free loan of up to 75% of the net face amount of the Foresters life insurance coverage on a terminally ill insured person. Competitive Scholarships 3 Available every year to eligible members and their family who can qualify for up to $8,000 in support. Orphan Scholarships Per year per child, renewable for up to 4 years of full-time postsecondary education upon the death of: both parents, up to $6,000; a single parent, up to $3,000; one of two parents, up to $1,500. Orphan benefits $900 per month per orphan child under age 18, provided to the legal guardian upon the death of both parents. Family events Spend time with your family at sporting events, theme parks and more, at little to no cost. Inspiring community activities Make a meaningful and lasting impact in your community. Support family wellbeing through our national partnerships. Everyday Money & Legal Link Toll-free access to two services. Accredited counsellors can help with every day money issues, such as budgets and debt. Access complimentary or discounted legal services in many areas. This worksheet is provided for information purposes only; it does not form part of the Foresters Advantage Plus Insurance contract and is not intended to amend, alter, or change any of the terms and conditions of the contract. Refer to the Foresters Advantage Plus contract for your state for these terms and conditions. Contracts are issued by The Independent Order of Foresters, a fraternal benefit society. Foresters Advantage Plus and its riders may not be available or approved in all states, and state variations may apply. Foresters Advantage Plus and its riders are filed under the form numbers listed below, where XX represents either US or your state s postal abbreviation, as applicable. Foresters Advantage Plus: ICC11-WL-US01 or WL-XX or WL-XX Accidental Death Rider: ICC11-WL-ADR-US01 or WL-ADR-XX Term Rider: ICC12-WL-TR-US01 or WL-TR-XX Single Paid-Up Additions Rider: ICC12-WL-SPUAR-US01 or WL-SPUAR-XX Flexible Paid-Up Additions Rider: ICC12-WL-FPUAR-US01 or WL-FPUAR-XX Children s Term Rider: ICC11-WL-CTR-US01 or WL-CTR-XX Guaranteed Insurability Rider: ICC11-WL-GIR-US01 or WL-GIR-XX Waiver of Premium Rider: ICC11-WL-WPR-US01 or WL-WPR-XX Common Carrier Accidental Death Rider: ICC11-WL-CCADR-US01 or WL-CCADR-XX Family Health Benefit Rider: WL-FHB-XX Disability Income Rider (Accident Only): WL-DIR-XX Accelerated Death Benefit Rider (for Chronic, Critical and Terminal Illness): ICC14-TRAD-ABRCHCRTI-US01 or TRAD-ABRCHCRTI-XX Accelerated Death Benefit Rider (for Critical and Terminal Illness): ICC14-TRAD-ABRCRTI-US01 or TRAD-ABRCRTI-XX Accelerated Death Benefit Rider (for Terminal Illness): ICC14-TRAD-ABRTI-US01 or TRAD-ABRTI-XX Not available as a member benefit in the states of Illinois or New York or on Accidental Death products. Benefit Amount $250,000 maximum $8,000 maximum per child $24,000 maximum per child $194,400 maximum per child Invaluable Invaluable Invaluable Planned Premium Complimentary for members Complimentary for members Complimentary for members Complimentary for members Complimentary for members (or nominal fee) Complimentary for members Complimentary for members 3 This program is administered by International Scholarship and Tuition Services, Inc. 4 This rider is not available for certificates issued with a base face amount of less than $25,000. On certificates where the insured s issue age is higher than 75 or issued as sub-standard, Terminal illness, where available, will be the only eligible illness issued. 5 The payment, due to diagnosis of an eligible illness, may be less than the acceleration amount which may be subject to a fee, an actuarial discount amount and other applicable deductions. Payment will decrease certificate values and benefits US (11/14)

19 Foresters Budget Review Where s the money? Many of us have little spending habits that just add up. Take a close look at some of your spending and then ask yourself what you can reduce and what you can do without. Eliminating small expenditures is a minor adjustment for many of us, but it can actually help us save important dollars that can be directed toward valuable savings and protection vehicles. For example, a 40-year-old male, preferred non-smoker, who eliminates $2.71/day ($81.25/month) that he would have spent on coffees and snacks, can use the freed-up cash to buy Foresters life insurance coverage worth more than $100,000. How much can you save? 1. Track your spending on a typical day if you can do it over several days, it might give you a better idea of where your money goes. 2. Decide where you can trim, if that s right for you. 3. Commit to setting that money aside by automatically having it taken out of your account each month, and put it into a life insurance product customized to your unique needs. Spent on Sunday Day 1 Monday Day 2 Tuesday Day 3 Wednesday Day 4 Thursday Day 5 Friday Day 6 Saturday Day 7 Weekly total Coffee Lunch Snacks Tobacco Newspapers Dining Out Alcohol Movies Daily total I will commit to save $ /day or $ /month. Signed Foresters is the trade name and a trademark of The Independent Order of Foresters, 789 Don Mills Road, Toronto, Canada M3C 1T9; its subsidiaries are licensed to use this mark US (01/12)

20 Foresters Lifestyle Protection needs With Permanent Continuation Client Details Client Name Date of Birth (MM/DD/YYYY) / / Sex Insurance Class Male Lifestyle protection needs A. Net annual income after tax: $ B. Percentage to insure: % C. Number of years to continue income: Yrs D. Assumed inflation rate (%) % E. Income protection required (A x B) x (Value from Table 1) F. Mortgage balance: $ G. Percentage to insure: % H. Mortgage protection required: (F x G) I. Total Protection required: (E + H) $ $ $ Female Table 1 Future value income factors Years to Protect Income Assumed Inflation Rate 2% 3% 4% 5% 6% J. Total base required: (I x 0.5) $ Foresters is the trade name and a trademark of The Independent Order of Foresters, 789 Don Mills Road, Toronto, Canada M3C 1T9; its subsidiaries are licensed to use this mark US (01/12)