Columbus Life vs Foresters Financial
Comprehensive side-by-side comparison of indexed universal life insurance companies
Columbus Life
Founded: 1906
Cincinnati, Ohio
Assets
$45 billion group assets (Western & Southern)
IUL Experience
10+ years
Products
3
Avg Cap Rate
9%
Key Strengths
Offers 3+ IUL products
Indexed Explorer Plus, Indexed Explorer Now (rapid issue), Expedition SIUL (survivorship)
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
Detailed Feature Comparison
| Feature | Columbus Life | Foresters Financial |
|---|---|---|
| Founded | 1906 | 1874 |
| Headquarters | Cincinnati, Ohio | Buffalo, NY (U.S.); Ontario, Canada |
| Assets Under Management | $45 billion group assets (Western & Southern) | $2.6+ billion AUM; RBC Ratio: 451% |
| Years in IUL Business | 10+ years | 10+ years |
| Number of IUL Products | 3 | 2 |
| Typical Cap Rate Range | 8% - 10% | 7% - 10% |
| Participation Rates | 110% | 110% |
| Minimum Premium | $5,000 annual | $3,600 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard, rapid issue available | 3-4 weeks standard |