17 March 2022
Foresters Friendly Society wins Best Over 50’s Life Insurance Provider 2022
Foresters Friendly Society has won the title of Best Over 50’s Life Insurance Provider at the YourMoney.com Personal Finance Awards.
The Yourmoney.com Personal Finance Awards are now in their 24th year and are the longest-standing consumer finance awards in the UK.
All entrants were subjected to a rigorous judging process based on competitiveness of price and product structure. Shortlisted firms were then judged by a panel of readers who mystery shop each company and benchmark the quality of service provided in each product area.
Paloma Kubiak, editor of YourMoney.com, said: “A huge congratulations to all the winners of the YourMoney.com 24th annual awards. In today’s competitive market, consumers rightly expect fair pricing, excellent customer service and product quality. These are the firms that have made it through the rigorous judging process to be crowned winners of their category. Well done and keep up the good work.”
Sally Waterfield, Head of Marketing at Foresters Friendly, said “As a mutual Society, Foresters prides itself on always putting our customers, also referred to as members, first.
Our Over 50s Plan, which is the only 5-star rated plan of its kind by Fairer Finance, has again been recognised as offering true consumer value in the market place. As a unique plan, with its with-profits investment element, one of the plan’s key aims is to safeguard our members and their families from their insurance payout being eroded by the effects of inflation, thus providing loved ones with peace of mind when the time comes.
To further add value to our member offer, our range of member benefits provide support when needed through discretionary financial grants to assist with dental and optical costs as well as convalescent care packages and our Foresters Care service. Amounting to £1.7million in 2021, these benefits truly add up.
We will continue to support our members with their protection, and wider financial, needs.”
The discretionary membership benefits Foresters provides aren’t regulated by the Financial Conduct Authority or the Prudential Regulatory Authority, and are regularly reviewed to ensure they are relevant to our members. Depending on how long you live, the total amount you pay in may be more than the amount payable on your death. Please also bear in mind that if you should die during the first two years of the policy, payouts are limited to the return of premiums – other than in the case of accidental death when your dependants will receive your full lump sum.