Foresters Financial the fraternal life insurer that’s boldly redefining the life insurance industry through innovation, purpose and wellness, today announced that the non-guaranteed crediting rate on its SMART Universal Life Insurance (“SMART UL”) [1]  will increase from 4.50 percent to 4.75 percent across new and many in-force certificates. This increase positions SMART UL as offering one of the highest rates in the life insurance industry. [2]
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SMART UL combines cost-effective permanent life insurance protection with the potential for tax-deferred cash value accumulation. At 4.75 percent, SMART UL offers stronger cash accumulation potential for savings or retirement planning needs, which may be ideal for members seeking to offset the sudden, rapid rise of inflation.
Foresters Financial US President, Matt Berman, said, “In short order, we shifted from a low interest-rate environment to one defined by inflation that’s taking a toll on everyone, including our SMART UL certificate holders. We’re pleased to announce this meaningful rate increase to help our members offset the impact of rising prices and contribute to their financial wellbeing and savings.”
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“For nearly 150 years, Foresters has returned value to its certificate holders and members through innovative member benefits, products, and service offerings that promote a lifetime of wellbeing and align with Foresters fraternal purpose to enrich the lives of hard-working families and their communities. This is the latest example of our commitment to these values by returning equity to those we serve.”
Life Insurance with a Larger Purpose
Bringing a better, new normal to everyday North American families, Foresters offers a suite of unique member benefits, and is redefining the conventional life insurance model. Foresters member benefits include the digital wellness app Foresters Go, opportunities for scholarships, orphan benefits, community volunteer grants, document preparation service to create Wills and related documents, Lifelong Learning, and more.
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