Foresters Financial launches Foresters Renew
Life, savings, retirement and investment solutions provider Foresters Financial announced the launch of Foresters Renew grants that can be used toward course tuition and course-specific required materials such as books and tools.
“We’re very excited and proud to introduce Foresters Renew and to be the first fraternal organization to offer a reimbursement or continuing education benefit to our members. Foresters members now have the opportunity to strengthen and maintain their skills to make their goals more attainable, differentiate their professional profile, explore new challenges and take the next steps in their careers. In an environment defined by increasing economic uncertainty, we’re honoured to introduce this benefit and advocate for the long-term economic well-being of our members, while also alleviating onerous educational costs – that’s life insurance with a larger purpose.” – Louis Gagnon, Foresters Financial President and CEO.
The Foresters Renew member benefit offers up to 375 grants annually to eligible member applicants. The grants will be equally divided between Canada, the United States, and the United Kingdom, with each having 125 grants available across two cycles. Each grant is valued up to $/£ 1,000 (in local currency). Members in Canada and the United States must enroll in courses within North America, while members in the United Kingdom must enroll in courses within the United Kingdom.
Courses eligible for reimbursement or financial assistance include, but are not limited to, formal college-credit courses, both online and in-person; non-credit or non-degree adult education courses; private, business, or technical school courses; and recertifications for existing licenses. Eligible courses must have an evaluation component offered by an accredited private or public institution.
Beginning on January 3, 2023, Foresters members are invited to apply for Foresters Renew grants. Grant applications will be reviewed and awarded on a first come, first served basis. Applicants must be Foresters members, in good standing, and at least 18 years of age. Members are eligible to receive one reimbursement/financial assistance grant per year; applications are accepted throughout the calendar year until spots are filled. Dependents of members are not eligible to receive this benefit.