Foresters Financial vs Lincoln Financial (The Lincoln National Life Insurance Company)
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
Lincoln Financial (The Lincoln National Life Insurance Company)
Founded: 1905
Radnor, Pennsylvania
Assets
$321 billion in end-of-period account balances
IUL Experience
20+ years
Products
6
Avg Cap Rate
10.00%
Key Strengths
NEW Elite Indexed Universal Life Portfolio (2025)
New Multiplier Riders for enhanced performance
Dual IUL designs for different optimization approaches
120-year-old company
Serves 17 million customers
Detailed Feature Comparison
| Feature | Foresters Financial | Lincoln Financial (The Lincoln National Life Insurance Company) |
|---|---|---|
| Founded | 1874 | 1905 |
| Headquarters | Buffalo, NY (U.S.); Ontario, Canada | Radnor, Pennsylvania |
| Assets Under Management | $2.6+ billion AUM; RBC Ratio: 451% | $321 billion in end-of-period account balances |
| Years in IUL Business | 10+ years | 20+ years |
| Number of IUL Products | 2 | 6 |
| Typical Cap Rate Range | 7% - 10% | 9.50% - 10.50% |
| Participation Rates | 110% | 105% |
| Minimum Premium | $3,600 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 3-4 weeks standard | 2-4 weeks standard |