Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Jul 17, 2021

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The Facts of Life

  • Forester Financial life insurance company has been insuring families for almost 150 years.
  • They offer customizable permanent and term life insurance.
  • Canceling your policy can usually be handled with a phone call.

Life insurance works as an assurance that your family will be taken care of if the worst were to happen. However, after entering into a contract with Foresters, you may decide you want to get out of your Forester Financial life insurance policy.

Canceling a life insurance policy is typically an easy process that can be handled with a few steps, and opens you up to the best life insurance companies. Canceling your life insurance agreement can usually be accomplished in a few short steps.

Curious about your rates when you get out of your Forester life insurance policy? Enter your ZIP code into this free quote tool to see what you might pay when you are finished with Forester’s life insurance customer service.

Forester Life Insurance Customer Service

There are a fair number of complaints about the customer service issues that are faced when one gets a Forester Financial life insurance quote. The main issues that some take is the pushiness of salespeople and the company’s inability to fully explain the issues.

How do I cancel my Forester’s life insurance?

If you’ve decided to cancel your Forester Financial life insurance policy for whatever reason, then be assured that it can usually be accomplished in a few short steps. Depending on the complexity of your policy and situation, it could be as easy as calling Forester Financial’s phone number.

On its website, Forester Financial life insurance website states that anyone who wishes to make a partial or complete withdrawal from their policy should contact a customer service agent.

The agent can be contacted at 1-800-828-1540, to which they will likely send you a Forester’s life insurance surrender form.

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Forester Financial Policies and Products

For over 150 years, Forester Financial has been able to work out the best way to get its customers the life insurance coverage that they need. Like most other insurance companies, Forester offers a selection of permanent and term life policies.

In addition to the number of term life insurance policies available, Forester Financial’s riders also offer you a unique way to customize your term life insurance.

Permanent Life Insurance

The best whole life insurance benefits ensure that the customer is covered forever, as long as the premiums are paid. There are a number of permanent policy types which offer different types of coverage and investment opportunities.

For those who want to buy Forester Financial’s life insurance policies, the company offers two different types of permanent life insurance: whole life and universal. These two policy types offer different options and may suit one individual situation better than another.

Forester Financial’s whole life insurance offers consistent premiums from the day the customer applies until the day they die. Some of the products even offer an accumulated cash value that grows over time. The whole life insurance policies Forester Financial offers are:

  • PlanRight – Provides level premiums and guaranteed coverage until death, or age 121.
  • Advantage Plus II – With Advantage Plus 2 from Foresters Financial, the policyholder will have a guaranteed death benefit, flexible premiums, and the ability to build cash value over time.
  • Brightfuture Children’s – This life insurance policy for children covers anyone under the age of 18 and can be transferred to them when they come of age.

There are varying options within these whole life policies to guarantee that they offer the flexibility and affordability that will open them up to anyone who needs them.

Forester Financial’s SMART universal life insurance policy offers flexible premiums, where a portion goes into an account that builds cash value. There are also riders that can be used to customize coverage.

Term Life Insurance

Like most other life insurers, Forester Financial’s term life insurance policies offer coverage for a limited amount of time. Currently, the company has two policy types, those are:

  • Your Term – This policy allows for coverage for a number of years you suggest, but is also renewable without additional underwriting.
  • Prepared II Accidental Death – This term life policy provides the insured with accidental death coverage for up to $500,000.

There are also riders that Forester Financial offers to customize the term life insurance policies further, such as a Disability Income and an Accelerated Death Benefit.

Forester Financial Review

There aren’t many companies who’ve been in insurance as long as Forester Financial has. The insurer has nearly 150 years of providing reliable insurance for its clients. It hasn’t made it this far without gaining some attention from industry and community individuals.

Some of the reviews about Forester state that the long-running company has a professional atmosphere, but some of the salespeople and other customer service departments can feel like a bit much.

Last year, the A.M Best rating service downgraded the 20-year standing financial strength rating of Foresters Financial from Excellent to Good due to its acquisition by Nassau Financial Group.

As a company that has been selling insurance for the last 150 years, Forester Financial life insurance policies have been insuring families for generations. That being said, its policies won’t fit with everyone, and canceling the life insurance policy can be handled fairly quickly.

Curious about what you could pay after canceling your Forester Financial life insurance policy? Use the free quote tool by entering your ZIP code to get an idea of your rates.