Thrivent Financial vs Foresters Financial
Comprehensive side-by-side comparison of indexed universal life insurance companies
Thrivent Financial
Founded: 1902
Minneapolis, Minnesota
Assets
$194 billion AUM
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A
Key Strengths
Does not prominently offer IUL
Focuses on term/whole life; fraternal benefit society
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 | Thrivent Financial | Foresters Financial |
|---|---|---|
| Founded | 1902 | 1874 |
| Headquarters | Minneapolis, Minnesota | Buffalo, NY (U.S.); Ontario, Canada |
| Assets Under Management | $194 billion AUM | $2.6+ billion AUM; RBC Ratio: 451% |
| Years in IUL Business | 0+ years | 10+ years |
| Number of IUL Products | 0 | 2 |
| Typical Cap Rate Range | N/A - N/A | 7% - 10% |
| Participation Rates | N/A | 110% |
| Minimum Premium | N/A | $3,600 annual |
| Issue Ages | N/A | 0-85 years |
| Underwriting Speed | N/A | 3-4 weeks standard |