Foresters Critical Illness Insurance Review – Updated 2024


Foresters’ critical illness coverage comes in two options—basic (covering 4 conditions) and enhanced (covering 25 conditions). They offer coverage up to $2 million as well as partial payments for 8 conditions, child cover, and return of premium options. In competition with the term 100 policies, Forester’s offers term 80 policies in addition to the standard 10 and 20-year terms.


Foresters Financial Critical Illness insurance rating and review

Foresters has refreshed their critical illness insurance offering and made a strong move up the charts. They now offer both basic (Live Well) and enhanced (Live Well Plus) critical illness insurance which covers 4 and 25 illnesses respectively. They include return-of-premium on death as standard; however, the time for return-of-premium on cancellation is very long (starts at Year 20). They also have a unique Term 80 option.

PolicyAdvisor Rating

Best For Built-In Features

AM Best Rating A


Pros and cons


  • Partial payment for 8 conditions (15% up to $50,000)
  • Access to Foresters’ community benefits
  • Return of premium options available
  • Unique Term-to-80 option available
  • Child Cover available (with 5 additional conditions)
  • Digital e-policy


  • Partial payout reduces final coverage
  • No limited pay options available
  • No permanent coverage
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Who is Foresters?

Foresters Financial derives from the Independent Order of Foresters – a socially responsible, international financial services provider that has served North America for 140 years since splitting from a UK-based parent group. Foresters Financial has been an early champion of gender and racial equality and is known internationally for its charitable efforts in times of tragedy and need.

Types of critical illness insurance policies Foresters Financial offers

Foresters offers two critical illness insurance products. Live Well Plus is their enhanced coverage plan (covering 25 conditions), while Live Well provides basic coverage (4 conditions).

Coverage and policy details

Foresters’ maximum coverage for critical illness insurance is $2-million. 

They offer coverage for loss of independent existence. They offer partial payouts for 8 different conditions, and they can be claimed twice. The payout is typically 15% of the policy up to $50,000, and partial payments can be claimed once during the coverage period (which reduces the final benefit).

Foresters survival period (how long you must survive with the illness before you can collect your benefit) is 30 days.

Foresters offers critical illness insurance for a 10- or 20-year term or coverage up to 80 years of age.

There are no limited-pay options available.

Product Name Live Well Plus (Enhanced), Live Well (Basic)
Critical Illness coverage Basic and Enhanced Coverage
Available Terms 10, 20 years and to age 80
Limited Pay option None
Maximum coverage Up to $2-million
Conditions covered 4 (basic) and 25 (enhanced)
Loss of Independent Existence coverage Yes
Partial payment or early detection payment Yes
Childhood illnesses coverage Yes for enhanced coverage
Survival period 30 days
Return of Premium on death Yes
Return of Premium on expiry/cancellation Yes. Year 20 onwards
Second option No
Electronic application Yes
Online account access Yes
Electronic policy delivery Yes

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Does Foresters critical illness insurance offer a return of premiums?

Yes, Foresters offers return of premiums on death and return of premium on expiry or cancellation of the policy after its 20th year.

How do I apply for Foresters’ critical illness insurance?

You can apply for Foresters’ critical illness insurance using the best online life insurance broker in Canada. You can enter your information and look up quotes using the button below or schedule a call with one of our licensed brokers to apply for Foresters’ critical illness insurance.

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By Jiten Puri
CEO & Founder, Insurance Advisor, LLQP
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