Foresters Canada

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President & CEO: Tony Garcia

AM Best Rating: A (Excellent)

Total Assets: $9 billion

Surplus: $1.5 billion

Total Liabilities: $7.5 billion

Net Income: $79 million

Net Premiums Written: $519.2 million

Financial Size Category: XIV ($1.5 billion to $2 billion)

FSR Outlook: Stable

Best’s Issuer Credit Rating: a+

ICR Outlook: Stable

As of Date: 12/31/12

Organization Type: Fraternal Benefit Society

Specialty Lines of Business: None

Marketing Type: Independent Advisor


Independent Order of Foresters
789 Don Mills Rd.
Toronto, ON
M3C 1T9

Foresters Canada
1660 Tech Avenue, Suite 3,
Mississauga, Ontario, Canada
L4W 5S8

Toll Free: 1-800-267-8777
Phone: 905-219-8000

Web Address:

* Info courtesy of 2011 Financial Highlights and Annual Report

*Rating courtesy of, 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

LSM Insurance is an independent Life Insurance Brokerage and is Not Directly Affiliated to Foresters Canada.

Call us: 1-866-899-4849

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Unity Life of Canada policies


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.


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

Head Office: 2900 John Street Suite #302 Markham, L3R 5G3
Office 1-866-899-4849, 905.248.4849 Fax 905.300.4848

© LSM Insurance Services Ltd. 1998-2018

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