Foresters Financial vs State Farm
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
State Farm
Founded: 1922
Bloomington, Illinois
Assets
$200 billion+
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A
Key Strengths
Does NOT offer IUL
Offers universal life with 3% minimum interest
Detailed Feature Comparison
| Feature | Foresters Financial | State Farm |
|---|---|---|
| Founded | 1874 | 1922 |
| Headquarters | Buffalo, NY (U.S.); Ontario, Canada | Bloomington, Illinois |
| Assets Under Management | $2.6+ billion AUM; RBC Ratio: 451% | $200 billion+ |
| Years in IUL Business | 10+ years | 0+ years |
| Number of IUL Products | 2 | 0 |
| Typical Cap Rate Range | 7% - 10% | N/A - N/A |
| Participation Rates | 110% | N/A |
| Minimum Premium | $3,600 annual | N/A |
| Issue Ages | 0-85 years | N/A |
| Underwriting Speed | 3-4 weeks standard | N/A |