Q:

What is the history of Forester's Life Insurance?

A:

Quick Answer

Based in Toronto, Canada, the Independent Order of Foresters was founded in 1874. Prior to then, Foresters was a branch of the Ancient Order of Foresters, a British fraternal order organized in 1834. From 1879 to 1906, Foresters was headed by Dr. Oronhyatekha, an Oxford-trained medical doctor of Mohawk descent.

Continue Reading
What is the history of Forester's Life Insurance?
Credit: PeopleImages.com Digital Vision Getty Images

Full Answer

As a leading fraternal benefit society in North America, Foresters played an important role in the development of the insurance industry in the late 1800s. Although insurance products had existed for centuries, groups like Foresters innovated by offering insurance benefits to ordinary working families. Early on, Foresters was ahead of its time in offering full membership to women and ethnic minorities. By 1906, Foresters had over 250,000 members.

Throughout the 20th century, Foresters regularly absorbed fraternal benefits organizations like the Royal Templars of Temperance and the Modern Brotherhood of America. In 2005, Foresters returned to its roots as it launched a new range of insurance products in the U.K, the birthplace of its parent organization.

Over the years, Foresters has supported a variety of charities and social causes. In 2008, Foresters played a role in expanding the Children's Miracle Network, an international nonprofit group that funds children's hospitals and raises awareness of pressing health issues.

Learn more about Corporations

Related Questions

Explore