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Foresters.com has a rating of 1 star from 1 review, indicating that most customers are generally dissatisfied with their purchases. Foresters.com ranks 144th among Personal Finance sites.
This company relies upon 3rd party life insurance sales organizations to vend its insurance policies, which are often multi-level 1099 type contractor schemes. I heartily disagree with this business practice, and believe that life insurance sales licenses should no longer be issued by the government, given just how egregiously inappropriate the business practices used by insurance companies that sell life insurance like Foresters are. A cursory search through policygenius.com also reveals that they charge twice as much in premiums as their competitor, probably to monetize and fund superfluousness caused by their way of doing business. There is no way that anyone would save any appreciable money on taxes given just how steep their premiums are. All one really needs is probably health, cyber crime and property insurance, no more. A win-lose scenario where the premiums payer loses for sure.
This company relies upon 3rd party life insurance sales organizations to vend its insurance policies, which are often multi-level 1099 type contractor schemes. I heartily disagree with this business practice, and believe that life insurance sales licenses should no longer be issued by the government, given just how egregiously inappropriate the business practices used by insurance companies that sell life insurance like Foresters are. A cursory search through policygenius.com also reveals that they charge twice as much in premiums as their competitor, probably to monetize and fund superfluousness caused by their way of doing business. There is no way that anyone would save any appreciable money on taxes given just how steep their premiums are. All one really needs is probably health, cyber crime and property insurance, no more. A win-lose scenario where the premiums payer loses for sure.
Tip for consumers:
Just avoid it and don't ever buy life insurance or anything else from this company.
Products used:
Compared premiums on policy genius quoting tool.
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