Foresters

[ActingBoss]

I had a sit-down with some clients 2 weeks ago and they showed me their Foresters policy.

In a nutshell:

the Foresters policy provided first day coverage, BUT

it also had exclusions I hadn't seen before with them....

they excluded ALL pre-existing conditions............thats right, ALL of them.

they exchanged first day with them for first-day with us at the same premium with NO exclusions, save for the standards...sex and 2 year contestable.


Is this SOP for Foresters......to exclude ALL pre-existing conditions?

 

[Fisher]

Pre-ex on life insurance?

 

[Newby]

I had a sit-down with some clients 2 weeks ago and they showed me their Foresters policy.

In a nutshell:

the Foresters policy provided first day coverage, BUT

it also had exclusions I hadn't seen before with them....

they excluded ALL pre-existing conditions............thats right, ALL of them.

they exchanged first day with them for first-day with us at the same premium with NO exclusions, save for the standards...sex and 2 year contestable.


Is this SOP for Foresters......to exclude ALL pre-existing conditions?

Are you CERTAIN you know what you are looking at? I've never heard of anything like this.

 

[jdeasy]

I had a sit-down with some clients 2 weeks ago and they showed me their Foresters policy.

In a nutshell:

the Foresters policy provided first day coverage, BUT

it also had exclusions I hadn't seen before with them....

they excluded ALL pre-existing conditions............thats right, ALL of them.

they exchanged first day with them for first-day with us at the same premium with NO exclusions, save for the standards...sex and 2 year contestable.


Is this SOP for Foresters......to exclude ALL pre-existing conditions?

If it's Foresters Planright WL, it didn't happen. They do not have any such offering.

If it's Foresters Strongfoundation they could have an amended policy, but highly doubtful it would be as described. Same for Foresters UL.

They do make OTAF offers on their term and UL. Not on the whole life.

 

[DiegoInsGuy]

Lot's of people say that they use the fact that Foresters is a Fraternal company to get clients to move there life insurance from them, what can be said to overcome that objection?

 

[tins]

Lot's of people say that they use the fact that Foresters is a Fraternal company to get clients to move there life insurance from them, what can be said to overcome that objection?

They're a Canadian company.

Edit: wasn't sure which direction you wanted the objection overcome. To keep them with Foresters- They're a highly rated fraternal company that offer better premium rates than most insurance companies becasue they don't have to chase profits.

 

[Foreclosure]

I love Forester. All of my family are with Forester before I even knew about them, 2 death claimed were all paid within 3-5 days after submitting the death certificate.

 

[magagent]

Give Foresters some more time... Pretty soon you will be fussin about those ded gum canucks.. I am guessing you have less 25 deals on the books with that canadian outfit

I love Forester. All of my family




are with Forester before I even knew about them, 2 death claimed were all paid within 3-5 days after submitting the death certificate.

 

[ActingBoss]

Are you CERTAIN you know what you are looking at? I've never heard of anything like this.

Absolutely, read it myself....5 times.......she had the entirety of the poicy there for me to inspect.

Couldnt believe it.


Lady's face became red and it was, needless to say, an easy close.

 

[b61mack]

if you want to beat foresters, show them the maintenance of reservers clause, they may raise rates if their reserve fund has a shortage or you may chose to lower the face value.