Alpha Generation (2010-2024)

As the name suggests, it is insurance designed for a child’s whole life.  Most children’s whole life insurance products can build guaranteed cash  value. Children’s whole life is typically designed for children under  the age of 18, and has lower face amounts and premiums, with just a few  medical questions and a simplified application.

Our whole life insurance product designed specifically for those currently under the age of 18.  It comes with many attractive features, offering life insurance  protection for your children or grandchildren, plus some additional peace of mind for you.

Lifetime death benefit protection, guaranteed cash value & level premiums. 

You can also borrow against the  cash values or to help deal with temporary needs, such as helping to  fund your child’s education, or for an unexpected emergency. Any loan or  loan interest will reduce your death benefit.
 

It provides lifetime life insurance coverage (up to age 121) with guaranteed level premiums payable for either 10 years or to age 100, and generally provides an income tax-free death benefit.
 

Coverage is available for ages up to age 18, with face amounts between  $5,000 and $75,000. This plan is underwritten on a Simplified Issue basis, meaning insurability depends on answers to medical and other application questions, and doesn’t require any bloodwork, saliva swabs,  or visits from a Nurse or Paramed professional to visit your home.

The following riders and/or features may also be included with your basic coverage at no additional premium:

• Common Carrier Accidental Death Rider is  designed to provide an additional death benefit if you die of accidental  injuries that occur while riding as a fare-paying passenger on a common  carrier, such as a plane, bus or train.

• Family Health Benefit Rider can pay a benefit  for limited family health expenses that may occur as a result of natural  disasters, such as hurricanes, tornadoes and earthquakes

• Accelerated Death Benefit Rider (for Terminal Illness)4 provides an option to accelerate a portion of the eligible death  benefit and receive a payment if the insured is diagnosed with a  terminal illness.

• Charity Benefit provision5 can help you make a difference in your community. When a claim is paid to the beneficiary(ies), Foresters FinancialTM will pay an additional 1% (up to a maximum of $100,000) of the face  amount to a registered charitable organization as designated by the  owner. The payment is made as a donation in the name of the insured, and  it does not impact the value of the death benefit.

• Guaranteed Insurability Rider provides an  opportunity to purchase additional life insurance on the life of the  insured on an option date, by up to the rider benefit amount, without  further evidence of insurability.