Foresters SMART Universal Life Insurance

Company Description

Foresters Smart Universal Life is provided by Foresters Financial. Foresters is a financial services provider with a unique history that began in 1874 when they set out to provide access to life insurance for average working families. More than 140 years later, Foresters provides investment, life insurance, retirement and savings solutions that help families achieve their long-term financial goals.

Product Description

When making choices, you need to strike a balance between the pressures of today and the needs of the future. Universal life insurance can provide you with the flexibility to make changes as your life evolves. These products combine lifetime insurance protection with the potential for tax-deferred cash value accumulation. You can even access the cash value if you need it.

Universal life has two parts: a life insurance part and a cash accumulation part. The premium you pay is used to cover the monthly costs for the insurance. If the premium paid is higher than the costs for the insurance, the excess is accumulated as cash value and earns monthly interest and grows over time, typically on a tax-deferred basis, until withdrawn as cash or used to help pay the costs of the insurance. 

Benefits of Foresters Universal Life Insurance:

  • Provides lifetime life insurance protection.
  • Options (known as “riders”) that offer protection for other needs, such as total disability or accidental death.
  • Tax-deferred growth on cash value (some restrictions may apply).
  • Premium flexibility within maximum and minimum limits.
  • Withdraw funds, or surrender for cash.
  • Borrow and use the insurance as collateral for a loan.
  • Death benefit is generally free of income taxes and probate delays.

Features of Foresters Universal Life Insurance:

SMART Universal Life offers you considerable flexibility to adjust coverage as your needs change. It also provides the security of guaranteed coverage for the first 10 years (called a No Lapse Guarantee), as long as you pay sufficient premiums.


Because SMART is a universal life insurance product, it has the potential to build value beyond the death benefit. This “cash accumulation” portion of SMART Universal Life grows at a guaranteed minimum interest rate of 3% each year.


You can even access the cash accumulated for special needs, such as buying a house, paying down a mortgage or getting married.