Foresters Financial marks 150 years of life insurance and community service
Foresters Financial marks 150 years of life insurance and community service | Insurance Business Canada
Insurance News
Foresters Financial marks 150 years of life insurance and community service
Anniversary initiatives highlighted
Insurance News
By
Roxanne Libatique
Foresters Financial has announced it is marking its 150th anniversary with a slew of initiatives, celebrating long history of offering life insurance and savings solutions to families across Canada, the US, and the UK.
Established in 1874, Foresters Financial began with a mission to make life insurance accessible to working families. Today, it serves 2.6 million clients and members in multiple countries, consistently working to enhance family well-being through investments in member benefits and community partnerships.
“We’ve built a legacy on helping everyday families achieve long-term financial security, and as we look ahead, we’re focused on innovating and adapting to continue meeting the evolving needs of advisors and members in all the countries we serve.”
What does Foresters Financial have planned for its milestone year?
In celebration of its 150th anniversary, Foresters Financial has introduced the “150 Big Give” initiative, inviting members to nominate charities in each country of operation to receive a $50,000 donation. Additionally, members have access to two $200 Foresters Care grants annually.
During National Volunteer Week in April 2024, the insurer provided a limited-time top-up of $150 on one of these grants, allowing members to make a more significant impact in their communities. Many members used the increased grant to assemble care kits for shelters, organise park cleanups, or support food banks.
“We are more than a financial services company; we are a community of individuals united by a common goal – to support each other and our communities,” said René Zanin, global chief legal, administrative, and membership officer of Foresters. “Our members are the heart and soul of Foresters, and their trust and loyalty have brought us to this incredible milestone.”
Berman commented on the improvement: “Our objective, at the end of the day, is to enrich the wellbeing of everyday families in their communities. That provides us with a fairly long runway, in terms of our market, and it elevates our mandate to give back to our members, and we give back in several ways.”
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