Finance

Foresters Monetary elects management to its Board of Administrators

TORONTO, June 14, 2021 /PRNewswire/ – Foresters Monetary™ (Foresters), the fraternal life insurer that’s quietly redefining the life insurance coverage business, at present introduced the election of its new Board of Administrators, for a four-year time period starting in 2021.

Foresters Monetary (CNW Group/The Unbiased Order of Foresters)

Re-elected to the Board are Katherine A. Bardswick, Sonia A. Baxendale, Daniel J. Fortin, Michael Lombardi, Michael P. Stramaglia, Wendy A. Watson, Michael C. Edge, and Robert W. Wight. New members to the Board embody three unbiased enterprise administrators, Janice Madon, Gino Scapillati, and Linda A. Watters, and new unbiased fraternal board members, Shelly A. Herman and Cynthia L. Worley. The 5 unbiased fraternal board administrators had been elected by Foresters member leaders from among the many Foresters member neighborhood. Richard P. Hennick was elected the brand new Worldwide Fraternal President and Michael C. Edge the brand new Worldwide Fraternal Vice President. The profiles of Foresters Board can be found on the Foresters web site.

Foresters Monetary President, Chief Govt Officer, and Board member Jim Boyle mentioned, “We welcome the brand new Board, and look ahead to working collectively, as we proceed to redefine our enterprise. On the identical time, I wish to personally thank outgoing Board members Chair Bob Lamoureux, Worldwide Fraternal President Chris Stranahan, James M. Bowden, Martha Marcon, and Frank Lochan, who’ve helped information Foresters by way of a major interval of transformation and modernization.”

The Board appointed Daniel J. Fortin as the brand new Chair, to guide the group over the subsequent 4 years.

Life Insurance coverage with a Bigger Function

Bringing a greater, new regular to on a regular basis North American households, Foresters gives a collection of distinctive member advantages, redefining the standard life insurance coverage mannequin. Foresters advantages1 embody alternatives for scholarships, orphan advantages, neighborhood volunteer grants, Wills and different authorized paperwork, Lifelong Studying, MemberDeals, and extra.

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1 Description of member advantages that you could be obtain assumes you’re a Foresters member. Foresters Monetary member advantages are non-contractual, topic to profit particular eligibility necessities, definitions and limitations and could also be modified or cancelled with out discover or are now not accessible.

About Foresters Monetary

Foresters Monetary is quietly redefining the life insurance coverage and particular person financial savings business throughout the U.S., Canada and UK by enriching the lives, communities, and total well-being of its members. Brokers and members alike respect the turnkey-decisioned product choices and end-to-end digitized processes that make it straightforward to get life insurance coverage with out conventional medical exams. State-of-the-art cell instruments assist brokers ship tailor-made plans to potential and present members. Distinctive to fraternal life insurers, Foresters gives a collection of member advantages, redefining the standard life insurance coverage mannequin and bringing improved monetary safety and total wellness to on a regular basis North American households. Foresters not too long ago merged with Canada Safety Plan to turn into a number one life insurance coverage distributor in Canada. Foresters Monetary is the commerce title for The Unbiased Order of Foresters, the oldest non-denominational fraternal profit society. For 20 straight years, The Unbiased Order of Foresters has obtained an “A” (Glorious) ranking from A.M. Finest.2

For data functions solely.

™Foresters Monetary, Foresters, and Serving to Is Who We Are are commerce names and/or logos of The Unbiased Order of Foresters (a fraternal profit society, 789 Don Mills Rd, Toronto, Canada M3C 1T9) and its subsidiaries.

Canada Safety Plan is a trademark of Canada Safety Plan Inc.

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2 The A.M. Finest rankings assigned on August 5, 2020 replicate total energy and claims-paying potential of The Unbiased Order of Foresters (IOF). An “A” (Glorious) ranking is assigned to corporations which have a powerful potential to satisfy their ongoing obligations to policyholders and have, on stability, wonderful stability sheet energy, working efficiency and enterprise profile when in comparison with the requirements established by A.M. Finest Firm. A.M. Finest assigns rankings from A++ to F, A++ and A+ being superior rankings and A and A- being wonderful rankings. In assigning the rankings for IOF, A.M. Finest said that the ranking outlook is “steady”, which suggests it’s unlikely to vary within the close to future. See ambest.com for our newest rankings.

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SOURCE The Unbiased Order of Foresters

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