Foresters Canada similar to other Canadian life insurance companies, offers numerous products targeting clients with various insurance needs.
Though LSM Insurance is not directly affiliated to this insurer, our experienced life insurance brokers have access to products and quotes of over 20 Canadian insurers similar to the ones provided by Foresters Canada such as term life insurance quote, whole life insurance quote, universal life insurance quote, disability insurance quote, critical illness insurance quote, no medical life insurance quote, long-term care insurance quote, group benefits and others.
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
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.
