Foresters Financial vs American General Life Insurance (Corebridge Financial)
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
American General Life Insurance (Corebridge Financial)
Founded: 1926
Houston, Texas
Assets
$393 billion (Corebridge consolidated)
IUL Experience
15+ years
Products
3
Avg Cap Rate
9.5%
Key Strengths
4.4 million policyholders, $393B assets
18 duration options (most flexible in industry)
AU+ accelerated underwriting (60%+ qualify, some approved in 24 hours)
Strong high-risk underwriting history
Multiple index crediting with safeguards
Detailed Feature Comparison
| Feature | Foresters Financial | American General Life Insurance (Corebridge Financial) |
|---|---|---|
| Founded | 1874 | 1926 |
| Headquarters | Buffalo, NY (U.S.); Ontario, Canada | Houston, Texas |
| Assets Under Management | $2.6+ billion AUM; RBC Ratio: 451% | $393 billion (Corebridge consolidated) |
| Years in IUL Business | 10+ years | 15+ years |
| Number of IUL Products | 2 | 3 |
| Typical Cap Rate Range | 7% - 10% | 8% - 11% |
| Participation Rates | 110% | 115% |
| Minimum Premium | $3,600 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 3-4 weeks standard | 24 hours to 4 weeks (60%+ qualify for accelerated) |