Foresters Financial is replacing the Advantage Plus Whole Life policy with a new policy, the Advantage Plus II Participating Whole Life product.
(Related: Foresters Sells Money Manager, Keeps Life Business)
The new policy will offer lower premiums, according to Foresters.
The member-owned fraternal insurer says the policy offers a number of extra benefits, such as a chance to compete for scholarships, family fun events, and orphan benefits, in additional to conventional life insurance death benefits.