The Independent Order of Foresters has introduced new rates and features to its Canadian term life insurance portfolio, the Toronto-based fraternal benefit society announced on Thursday.

Most of Foresters term insurance rates have been reduced for Term 10 and Term 20 at face amounts of $250,000 or more, the company says in its announcement, and in some cases rates have been reduced as much as 10%.

In addition to the lower rates, Foresters has introduced some new product features at no additional premium, such as a Bereavement Assistance Benefit that reimburses up to $1,000 in counseling expenses to beneficiaries when a death benefit is payable under their term insurance plan.

Foresters has also introduced a new Term 30 spousal rider with a Term 30 base plan, and has made it easier for policy holders to extend the length of their coverage — Foresters Term 30 will now renew for five-year terms after the initial thirty year term.

Another enhancement that has been introduced to match customers’ changing needs is more flexible conversion and exchange privileges. Term insurance policies can now be converted in part to a permanent life insurance policy and in part to a term rider, without supplying evidence of insurability.

In addition to these new features, insured clients will be eligible to enjoy Foresters membership and have access to Foresters Member Benefits for the primary insured and their immediate family members. These benefits, many of which are complimentary, currently include academic scholarships, financial counseling and discounted legal services.

“Our new refreshed term portfolio offers greater value to our clients at very competitive rates,” says Rob Baboth, vice president of sales, Foresters Canada, in a statement. “The additional value of Foresters member benefits makes for a winning combination that is unique in the Canadian marketplace.”

Foresters’ refreshed term life insurance portfolio is available as of Oct. 26.