Foresters Financial has been selected as the U.S. life insurance provider by Allstate Financial Services.

Under the agreement, Allstate’s exclusive agents and personal finance representatives will now offer Foresters a range of life insurance products, including three fully underwritten options and four non-medical options. These products include whole life insurance, guaranteed rate universal life insurance and term life insurance.

Mark Rush, Vice President and Chief Distribution Officer, Foresters Financial US, said the company is pleased to work with Allstate to bring its life insurance solutions to a broader audience.

“We are excited to combine Foresters’ comprehensive approach to life and wellness with Allstate’s strong distribution capabilities and expertise to meet growing demand and help more families get the protection they need,” said Rush.

Foresters offers a variety of benefits to members, which the company describes as enhancing traditional life insurance by providing greater financial security and wellness opportunities.

These benefits include scholarships, orphan benefits, community volunteer grants, legal services such as wills, lifelong learning resources, and member discounts. These benefits are provided at no additional cost to policyholders.

“Partnering with Foresters allows Allstate to offer modern life insurance solutions to its customers,” said Scott Delaney (pictured above), vice president at Allstate Financial Services, LLC.

“We are excited to enhance our offerings and empower our exclusive agents and personal financial services representatives with the best tools to help customers achieve their financial and life goals,” said Delaney.

Forest life insurance coverage is available in all states except New York.

The timing of the collaboration also comes as Allstate faces a major shift in its home insurance business in California. In November, Allstate will raise home insurance premiums in the state by an average of 34.1%, the largest rate increase by a major California insurer in the past three years.

The premium hike, approved by state regulators, will affect nearly 350,000 policyholders across the state, Bloomberg reported. According to documents filed by Allstate, some customers could see increases of up to 650%, while others could face drops of up to 57%.

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