Foresters Financial vs Lafayette Life Insurance
Comprehensive side-by-side comparison of indexed universal life insurance companies
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
Lafayette Life Insurance
Founded: 1905
Cincinnati, Ohio
Assets
$10 billion
IUL Experience
10+ years
Products
1
Avg Cap Rate
9%
Key Strengths
Offers Lafayette IUL
Western & Southern backing
120+ years in business
Small-to-mid-sized business focus
Detailed Feature Comparison
| Feature | Foresters Financial | Lafayette Life Insurance |
|---|---|---|
| Founded | 1874 | 1905 |
| Headquarters | Buffalo, NY (U.S.); Ontario, Canada | Cincinnati, Ohio |
| Assets Under Management | $2.6+ billion AUM; RBC Ratio: 451% | $10 billion |
| Years in IUL Business | 10+ years | 10+ years |
| Number of IUL Products | 2 | 1 |
| Typical Cap Rate Range | 7% - 10% | 8% - 10% |
| Participation Rates | 110% | 110% |
| Minimum Premium | $3,600 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 3-4 weeks standard | 2-4 weeks |