Foresters Financial Names New Head for U.S. Annuity Sales
The appointment prepares the firm to launch a new multi-year guaranteed annuity product for U.S. households in 2027.
Updated on Oct. 27, 2026 in Financial Planning
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Foresters Financial appointed Tom Ross as chief distribution officer for U.S. annuity sales on Oct. 12, 2026. This leadership change signals the company's intent to expand its reach and release a new annuity product in the U.S. market.
Why it matters
The appointment marks a strategic shift for Foresters Financial as it prepares to introduce a multi-year guaranteed annuity product to its U.S. offerings in 2027. This move suggests an expansion of options for households looking for fixed-income insurance products.
Tom Ross brings 16 years of financial services experience to the leadership team, joining a firm with a 150-year operational history. Specific product details for the 2027 launch remain unknown.
The players
Tom Ross
The new chief distribution officer for U.S. annuity sales at Foresters Financial who oversees national strategy.
Foresters Financial
A life insurance and annuity provider with a 150-year history that is expanding its U.S. product distribution network.
F&G
The firm where Tom Ross previously served as national distribution vice president before joining Foresters.
The details
As chief distribution officer, Tom Ross is tasked with aligning Foresters' sales, product, marketing, legal, and compliance strategies for the U.S. market. His role is to build a distribution network ahead of the planned 2027 release of a new multi-year guaranteed annuity product. These annuities are insurance-based contracts that provide fixed interest rates over a set term, which the company aims to broaden through this leadership hire.
Timeline
Tom Ross assumed his role on Oct. 12, 2026.
Foresters Financial plans to launch a new guaranteed annuity in 2027.
Money Landscape
This development follows the broader industry trend of insurers ramping up distribution of multi-year guaranteed annuity products as consumer interest in fixed-income solutions remains high. It marks a strategic commitment to the U.S. market by a long-standing institution.
Readers evaluating long-term retirement savings may see new, fixed-rate options from this provider starting in 2027. Review your personal risk tolerance and time horizon for fixed income with a qualified financial professional before considering new insurance product launches.
The takeaway
The appointment of an experienced distribution leader underscores the company's preparation for a wider push into the U.S. annuity market. Households should monitor for new product disclosures in 2027 and discuss whether fixed annuity features align with their long-term savings goals.
What happens next
Foresters Financial is scheduled to launch its new multi-year guaranteed annuity product in 2027.
Further reading
For more information on planning with fixed-income products, visit our Financial Planning section.
Source note: This article includes information reported by InsuranceNewsNet.
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