Foresters Financial vs North American Company for Life and Health Insurance
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
North American Company for Life and Health Insurance
Founded: 1886
West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed)
Assets
$35 billion
IUL Experience
20+ years
Products
4
Avg Cap Rate
11%
Key Strengths
Superior crediting performance (#1 in distribution testing)
Fixed Interest Participating Policy Loans with 2.0% bonus
Protected Death Benefit - unique guaranteed portion feature
Free acceleration of death benefits for critical/chronic/terminal illness
Over 600,000 policies and annuities
Detailed Feature Comparison
| Feature | Foresters Financial | North American Company for Life and Health Insurance |
|---|---|---|
| Founded | 1874 | 1886 |
| Headquarters | Buffalo, NY (U.S.); Ontario, Canada | West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed) |
| Assets Under Management | $2.6+ billion AUM; RBC Ratio: 451% | $35 billion |
| Years in IUL Business | 10+ years | 20+ years |
| Number of IUL Products | 2 | 4 |
| Typical Cap Rate Range | 7% - 10% | 10% - 11% |
| Participation Rates | 110% | 100% |
| 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 |