Foresters, Toronto, has introduced its latest life insurance product, SMART Universal Life. As clients’ needs change, Foresters SMART Universal Life offers premium flexibility with adjustable payment limits as well as both protection and savings potential. SMART Universal Life can also help accumulate cash whether it’s planning for a retirement, saving for a child’s education, or paying down a mortgage.
Universal life insurance combines lifetime protection with the potential for tax-deferred cash value accumulation under one insurance contract. The cash accumulation portion of Foresters SMART Universal life plan grows at a guaranteed minimum annual interest rate of 3%. In addition, it offers the security of a no lapse guarantee for the first 10 years.