In response to the challenges posed by the economic downturn, life insurance provider Foresters has added a new toll-free confidential financial helpline to its complimentary benefits for members.

The new phone line, Everyday Money, is staffed by accredited counselors who are trained to answer personal financial questions about everyday money management. When members call, they are assigned to one dedicated counselor who will answer their questions, outline their options, and provide tools to help callers make informed decisions.

The counselors will provide guidance on such issues as personal budget planning, dealing with identity theft, paying off credit card debt, managing home purchases, mortgages, renting, refinancing and foreclosures, determining how much money will be needed during retirement, planning and paying for children’s college education.

The counselors cannot sell or recommend any financial products, but will suggest contacting a life insurance representative to answer questions about life insurance products and related financial needs.

“Foresters member benefits are offered as a part of our purpose, which is to champion the well-being of families through quality life insurance, unique member benefits and inspiring community activities,” said Kasia Czarski, Foresters senior vice president, chief membership and marketing officer. “Our new Everyday Money member benefit can help families with questions about their finances.”

IE