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Foresters has launched a participating, whole life insurance product for families.

The company says it’s a permanent insurance option that people can tailor to their budgets and protection needs.

Read: Does Mom have enough insurance?

Along with lifetime protection and cash value accumulation, the new Familylife product comes with convenient pay periods, dividend options, and built-in term insurance for children.

It also includes a quit-smoking incentive plan, as well as access to an expert medical opinion program. Over the life of the policy, families can use policy dividends to purchase extra coverage, reduce premiums, or can receive the amounts in cash.

Read: The price is high…for now

The product also includes access to Foresters member benefits for the primary insured and their family members.

Read:

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Originally published on Advisor.ca