Submitting Foresters Financial Claims

Foresters Financial Prepared Accidental Death Term Insurance covers accidental death. It's a simple plan that provides up to $300,000 in accidental death benefits.

Most individuals have this policy to protect family members. The policy helps cover financial hardship when the unexpected happens.

If this is the coverage your loved one has, then you'll want to understand the benefits. Many times optional riders provide benefits beyond the standard plan.

One rider might include disability income. This provides help to cover the family's financial stability. The benefits engage when the insured becomes disabled.

The disability income rider provides a regular monthly income benefit.

Another rider might protect the insurance policy. This benefit engages during a total disability caused by an accident.

Another rider returns eligible premiums paid under a specific condition. This includes if the insured outlives the terms of the certification.

Other policies include term life, whole life (several types), and universal life. 

Foresters Your Term Level Term Life Insurance is a renewable and convertible policy. It covers terms of 10, 15, 20, 25, or 30 years. The premium locks in for the selected period.

Common Carrier Accidental Death Rider increases the benefit when accidental injuries cause death. This is conditional on the insured riding as a fare-paying passenger on a plane, bus, or train.

Family Health Benefit Rider pays more benefit for limited family health expenses. This is conditional on the cause being a hurricane, tornado, or earthquake.

Accelerated Death Benefit Rider can speed the payment of a part of the eligible death benefit. This is conditional on the insured receiving a specific diagnosis. Qualifying diagnoses include a critical, chronic, or terminal illness.

Charity Benefit Provision kicks in with a paid claim. Foresters pays an extra 1% (up to $100,000) to a registered charitable organization in the name of the insured.

PlanRight Whole Life Insurance provides coverage up to age 121. The premiums stay level. And, beneficiaries don't pay taxes on the benefit.

Common Carrier Accidental Death Rider increases the benefit when accidental injuries cause death. This is conditional on the insured riding as a fare-paying passenger on a plane, bus, or train.

Family Health Benefit Rider pays more benefit for limited family health expenses. This is conditional on the cause being a hurricane, tornado, or earthquake.

Accelerated Death Benefit Rider can speed the payment of a part of the eligible death benefit. This is conditional on the insured receiving a specific diagnosis. Qualifying diagnoses include a critical, chronic, or terminal illness.

Advantage Plus II Participating Whole Life Insurance provides coverage up to age 121. The premiums lock-in for either 20-years or to age 100. And, beneficiaries don't pay taxes on the benefit.

With this insurance, the insured may have received dividends that they used in one of three ways:

• Purchase paid-up additions
• Left on deposit to accumulate with interest
• Used to reduce premiums or paid out in cash

The insured can also borrow against the cash value of the policy. This might include temporary needs or emergencies. The policy requires it to be repaid at a later date.

The policy pays down any outstanding debt before disbursements. So if the insured borrowed against the policy, that debt gets reduced from the death benefit. This reduction includes outstanding interest.

The plan also has the Charity Benefit Provision. This extra benefit kicks in with a paid claim. Foresters pays an extra 1% (up to $100,000) to a registered charitable organization in the name of the insured.

BrightFuture is a whole life insurance contract for those under the age of 18. It offers life insurance protection for children and grandchildren. This policy guarantees future insurability.

The policy includes the Guaranteed Insurability Rider. This increases the death benefit at specific ages and life events. This benefit does not need further underwriting.

The policy also guarantees for the insured's lifetime:

• Level premiums
• Death benefit amount
• Cash value

SMART has a 10-Year No Lapse Guarantee. The coverage continues as long as the lowest payment is made each month. This policy can also build cash value beyond the death benefit.

The cash accumulation part of SMART grows at an interest rate of at least 2% each year. The policyholder is able to tap into its cash value if needed.

If you want a copy mailed to you, call 1-800-828-1540 to speak with a claims representative. They will need the following information to know which form to send you:

• Deceased person's name or the name of the certificate holder
• Contact information of the person receiving the forms
• The date of death
• The cause and manner of death (if available)

Complete the form (claimant's statement) in full. Add the other required information (see below: Information Needed for the Form) to it.

Where to mail Foresters Financial claims: Foresters, P.O. Box 179, Buffalo, NY 14201-0179.

Foresters Financial online claims submission is easy once you know what you need. There are two forms to select from. This is dependent on your response to the below:

1. Did the death occur within the first two years of the certificate date? Or, was the certificate reinstated within the last two years? If so, click here for the form.
2. Did the death occur in year three or later after acquiring the certificate? Or, did the death occur in year three or later after having it reinstated? If so, click here for the form.

Download the appropriate claim form. Fill out the form in full for a smooth process.

Where to send Foresters Financial claims: Foresters, P.O. Box 179, Buffalo, NY 14201-0179.

It may be a bit difficult to search for information during emotional times. To help ease your suffering, we'll go over what you need to collect the death benefits. Here is a list of things to gather from your local authorities:

• Deceased person's name or the name of the certificate holder
• The death certificate (includes name, date of death, etc.)
• The official cause and manner of death
• Police, toxicology, and coroner’s reports (for claims related to an accident and homicide)

For contestable claims include:

• Medical authorization
• More medical information may be requested

You'll want the form (claimant's statement) complete to simplify the process.

Contestable certificates are those that have limitations based on their death date. This includes deaths occurring within the first two years of the certificate issue date. It also includes certificates reinstated within the past two years.

These cases will need more information. For instance, we will ask for medical records from the deceased's medical providers. Working with third parties to retrieve this information often extends the processing time.

Should we need to get more information, you will receive regular updates on the review status. Once we've received the records, a claim decision will occur within 15-20 business days.