Choice Mutual Rating

Choice Mutual's ratings are determined by our editorial team. The scoring formula takes into account consumer experience, financial strength ratings and complaint data.

Foresters Financial final expense insurance is a marriage of low prices and lenient underwriting.

Most seniors needing insurance to cover their funeral will qualify for a competitive premium.

Learn how their coverage works, see sample costs, pros & cons, and if their policy is worth buying.


How Does Foresters Financial Burial Insurance Work?

Foresters Financial burial insurance, aka final expense or funeral insurance, is a whole life insurance policy with a quick payout so your family can pay for your funeral.

Ultimately, the policy will pay your loved ones a cash benefit (tax-free) which they can spend any way they please.

That means they can pay for any outstanding medical bills, debts, or anything else.

And if they don’t use all the money for your final expenses, they get to keep the rest.

You don’t have to take a medical exam to qualify. You only need to answer health questions.

In addition, foresters financial will obtain your prescription history information because that gives them great insight into your medical conditions.

Depending on how your respond to the health questions, you may qualify for one of three health ratings:

  • Preferred: This is their cheapest option and has no waiting period. To qualify for the preferred rating, you must be able to say no to all health questions in the application.
  • Standard: This option also has no waiting period, but it’s more expensive than the preferred plan. The standard rating will be offered if you have any health issue mentioned in questions 13-15 of the application health questions.
  • Basic: This last option is the most costly and has a two-year waiting period. Death in the first two years would result in a refund of your money plus 10% interest. The basic plan will be offered if you have any health issues mentioned in questions 7-12 in the application.

Foresters Financial only sells its products through licensed agencies such as choice mutual, national family, or life insurance savings group.


Coverage DetailsPreferredStandardBasic
Policy TypeWhole Life Insurance
Policy DurationLifetime
Fixed PremiumsYes
Builds Cash ValueYes
State AvailabilityAll states except New York
New Applicant Age Range50-8540-75
Minimum Coverage Amount$5,000
Maximum Coverage Amount50-80: $35K
81-85: $15K
50-80: $20K
81-85: $10K
Free Built In RidersTerminal illness, Common carrier accidental death, & Family health benefit
Optional RidersAccidental Death (2X the payout for accidental death)
Where to ApplyAgencies licensed to sell Foresters Financial Life products (you can't buy this plan directly from them)
Phone Number to Apply1-800-644-2926
Medical Exam RequiredNo
2-Year Waiting PeriodNo
(subject to underwriting approval)
Application Approval Time10 Minutes
BrochureForesters Financial Final Expense Brochure
Sample ApplicationForesters Financial Final Expense Application


How Much Does Foresters Financial Funeral Insurance Cost?

The cost of Foresters burial insurance depends on your state of residence, exact age, gender, health history, tobacco habits, and the death benefit amount you want.

In the table below, you can see some sample funeral insurance premiums for their coverage.

All these prices are monthly for $10,000 in coverage at a non-tobacco rating.


50F: $26.05
M: $32.00
F: $37.07
M: $45.04
F: $37.17
M: $46.62
55F: $32.47
M: $39.25
F: $43.16
M: $59.17
F: $43.79
M: $59.85
60F: $37.22
M: $47.06
F: $50.78
M: $73.81
F: $52.29
M: $74.02
65F: $43.38
M: $57.72
F: $64.51
M: $92.75
F: $65.52
M: $94.82
70F: $54.63
M: $74.53
F: $83.41
M: $116.44
F: $86.31
M: $118.44
75F: $82.13
M: $109.38
F: $126.80
M: $167.12
F: $131.67
M: $171.36
80F: $122.10
M: $151.35
F: $176.91
M: $229.03
F: $192.15
M: $259.25
85F: $182.55
M: $216.99
F: $268.62
M: $326.54


Pros & Cons Of Foresters Financial Final Expense Life Insurance

The Good
  • The preferred and standard ratings both have no waiting period
  • Excellent prices relative to other providers
  • Favorable underwriting that accepts most seniors who deal with common elderly-related health issues
  • All policyholders get access to generous member benefits at no extra cost
  • Fast approvals (usually less than 10 mins)
  • A very old company that has been operating for nearly 150 years
  • Had an A rating with A.M. Best
  • Available in all states except New York
  • Philanthropy is a significant initiative of the company
  • Unique and valuable riders are included at no extra cost
The Bad
  • For certain ages, other companies have lower prices
  • $5,000 is the minimum face amount which is a bit high relative to most companies
  • No guaranteed acceptance option
  • You must meet with an agent face-to-face if you intend to replace an existing life insurance policy
  • Recent blood thinner prescriptions can sometimes cause them to erroneously offer their basic plan, which is very costly and has a waiting period


Is Foresters Financial Burial Insurance Worth Buying?

Forester financial final expense insurance is well worth the money if you qualify for their preferred or standard plans.

Only policies like Living Promise from Mutual of Omaha would be cheaper.

Everyone must analyze multiple burial insurance companies to find their best funeral insurance policy. They all have different prices and underwriting.

Their basic option is not a wise purchase due to the high cost.

Other companies such as AIG or Gerber would be cheaper than the Foresters basic plan if you have a health issue that warrants a waiting period.

The table below outlines many typical health issues where you’d still be eligible for no waiting period coverage with Foresters Financial.


Common conditions still eligible for no waiting period coverage:

Bipolar disorder
Blood clots
Blood thinners
Cancer > 3 years ago
Chronic bronchitis
Circulatory surgery > 1 year ago
Crohn’s disease
Diabetes (type 1 or 2)
Grave’s disease
Heart attack > 1 year ago
Heart surgery > 1 year ago
High blood pressure
High cholesterol
Insulin shock > 2 years ago
Kidney disease (no dialysis)
Multiple sclerosis
Pacemaker (installed > 1 year ago)
Parkinson’s disease
Sickle cell anemia
Sleep apnea
Squamous/basal cell skin cancer
Stroke/TIA > 1 year ago


Foresters Financial Company Background

Foresters Financial has been in business since 1874. Their home office is in Ontario, Canada, but they distribute insurance throughout the USA except for New York.

They offer a variety of life insurance products, including term life, funeral insurance for seniors, traditional whole life, accidental death, universal life, and life insurance for grandchildren or juveniles.

They are very financially stable, which is why they have an A (Excellent) rating with A.M. Best.

Their contact information is below:

  • Website:
  • Phone number: 1-800-828-1540
  • Mailing address: PO Box 179, Buffalo, NY, 14201


The Bottom Line

4.0/5 rating
Foresters Financial earned 4 stars out of 5 for overall performance. Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, complaint data from the National Association of Insurance Commissioners, and financial strength ratings.

Learn about our rating methodology.

Policy rates relative to other carriers
Financial Strength
Credit ratings from A.M. Best
Customer Reviews
Consumer feedback from third-party websites like Facebook, Yelp, and Trustpilot
NAIC Complaint Ratio
Up-to-date complaint score from the National Association of Insurance Commissioners
Advertising Practices
Accuracy and trustworthiness of marketing
Available Products
Number of policy types, including no-exam options