Foresters Life Insurance Company (Formerly Unity Life of Canada)
Back to listPresident & CEO: George Mohacsi
AM Best Rating: A
Total Assets: $8.6 billion
Total Surplus: $1.4 billion
New Premiums Written: $1.2 million
Address:
Foresters of Canada
789 Don Mills Rd.
Toronto, ON
M3C 1T9
Foresters Life
1660 Tech Avenue, Suite 3,
Mississauga, Ontario, Canada
L4W 5S8
Toll Free: 1-800-267-8777
Phone: 905-219-8000
Email:
Web Address: www.foresters.com
* Info courtesy of 2011 Financial Highlights and Annual Report
*Rating courtesy of www.ambest.com, accessed Feb. 2012
On January 23, 2012, Unity Life of Canada, officially changed its name to Foresters Life Insurance Company.
Unity Life of Canada was formed in 2002 when Toronto Mutual Life and Western Life Assurance merged. Its history actually dates back to 1898 when the company was founded as the Insurance Department of the Subsidiary High Court of the Ancient Order of Foresters. Most recently on April 2, 2008, Unity Life was converted from a mutual life company to a stock life insurance company owned by Foresters. The Toronto-based company offers a competitive lineup of traditional life insurance products such as term, permanent and living benefits insurance.
It is also an active player in the niche markets, offering complete accident and sickness insurances and financial protection.
Unity Life also underwrites a host of unique non medical simplified issue products marketed by Canada Protection Plan
Unity Life of Canada News
- 11/15/2011
Unity Life of Canada: Life Insurance Policies
- 07/31/2011
Guaranteed 15-Pay Whole Life Coverage
- 04/30/2011
Term 20 Life Insurance for Seniors
- 01/07/2011
Withdrawal of Unity Life’s Mortgage Advantage Product
- 12/12/2010
Bank of Montreal’s Mortgage Life Insurance Policy
- 12/12/2010
Term 15 Life Insurance for Seniors
- 12/10/2010
Non-Medical Term Life Insurance Options In Canada
- 11/29/2010
Women’s vs. Men’s Term Life Insurance in Canada
- 10/19/2010
25-Year Term Insurance in Canada: Who Has the Best Rates
- 10/17/2010
TD Insurance’s Business Credit Life Insurance
- 10/17/2010
CUMIS Term 10 Life Insurance Plan
- 10/16/2010
Unity Life Term Life Insurance Enhancement
- 10/01/2010
Term 100 vs. Level Cost Insurance
- 05/30/2010
Term 15 Life Insurance
- 04/23/2010
A.M. Best Ratings for 2009-2010
- 04/02/2010
Life Insurance Policy Fees
- 01/28/2010
Canada Protection Plan: Simplified Life vs. Deferred Life
- 01/07/2010
Life Insurance for Smokers vs. Non-Smokers
- 12/13/2009
Term Life: Unity Life Updates Risk Structure
- 07/02/2009
Understanding Limited-pay Whole Life Insurance Plans
- 05/08/2009
A Closer Look: CPP Term Plans
- 08/11/2008
Unity Life’s Plus Term: a Hidden Gem
- 06/09/2008
A Strong Term Lineup
- 04/22/2008
Unity Life adds universal life insurance
- 04/04/2008
Demutualization completed
- 03/30/2008
Demutualization at Unity Life – why is it great news?
- 03/04/2008
Unity Life policyholders accept sale to Foresters
Unity Life of Canada policies
Pluses:
1. They have a wide variety of term policie. They are one of the few companies in Canada offering a five-year term.
2. They have participating Whole Life policies.
Minuses:
1. Very limited disability insurance options.
2. Universal Life level cost policies are not competitively priced at certain age brackets.
LSM Unity Life Policy Reviews
Posted by Chantal Marr.
Chantal Marr is a member of the Independent Financial Brokers of Canada.
Much of her success stems from her ability to listen to her clients' needs.
Read Chantal's background.
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