Foresters Financial vs National Life Group
Comprehensive side-by-side comparison of indexed universal life insurance companies
Foresters Financial
Founded: 1874
Buffalo, NY (U.S.); Ontario, Canada
Assets
$2.6+ billion AUM; RBC Ratio: 451%
IUL Experience
10+ years
Products
2
Avg Cap Rate
8.5%
Key Strengths
150+ year history
Fraternal benefit society - member benefits include scholarships, grants, wellness programs
$31.2 million in social good impact (2023)
Diabetes coverage (non-med up to Table 12)
Backed by Sumitomo Life - $330B+ combined assets
National Life Group
Founded: 1848
Montpelier, Vermont
Assets
$45 billion
IUL Experience
20+ years
Products
3
Avg Cap Rate
Competitive market rates
Key Strengths
Market leader with 17.4% market share
Lifetime Income Benefit Rider with 10-year waiting period
Industry-leading chronic illness rider
175+ years operating history
Mutual structure aligns with policyholder interests
Detailed Feature Comparison
| Feature | Foresters Financial | National Life Group |
|---|---|---|
| Founded | 1874 | 1848 |
| Headquarters | Buffalo, NY (U.S.); Ontario, Canada | Montpelier, Vermont |
| Assets Under Management | $2.6+ billion AUM; RBC Ratio: 451% | $45 billion |
| Years in IUL Business | 10+ years | 20+ years |
| Number of IUL Products | 2 | 3 |
| Typical Cap Rate Range | 7% - 10% | Not publicly disclosed - Not publicly disclosed |
| Participation Rates | 110% | Competitive market rates |
| Minimum Premium | $3,600 annual | $50,000 (FlexLife) |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 3-4 weeks standard | 2-4 weeks standard |