Royal Advantage Term Life At A Glance10, 20, 30-Year Level Premium Term Life Insurance
We all wish we could live forever. But, we know we won't. That's why we need to be prepared for the unexpected so that we can preserve what we have and protect those we love.
It offers:
- Affordable premiums that NEVER increase during the level premium period you select
- Provides a guaranteed death benefit
- Death benefit paid to beneficiaries Income Tax free*
- Coverage that may be converted into permanent life insurance, regardless of health (age restrictions may apply)
- Additional member benefits available, AT NO ADDITIONAL COST
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Insurance to Age:
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95
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Premiums:
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Level for 10, 20, or 30 years (defaults to annual renewable term to age 95 thereafter)
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Age Availability:
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10-Year level premium period: 16-70
20-Year level premium period: 16-60
30-Year level premium period: 16-50
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Coverage Amount Available:
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Plan provides coverage amounts starting at $100,000.
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Cash Value:
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No cash value on base certificate. Return of Premium rider, if attached to certificate, builds value.
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Riders Available:
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Return of Premium Rider
Builds value to the end of your term period, at which time if your certificate is still in force, your premiums are returned.
Issue ages:
16-70 for 10-year level premium
16-60 for 20-year level premium
16-50 for 30-year level premium
Form series 200771A
Premium Waiver Disability Rider
Keeps your coverage in force in the event that an accident or illness makes it impossible for you to pay your premiums.
Issue ages:
16-55 for 10-year level premium
16-55 for 20-year level premium
16-50 for 30-year level premium
Form series 8062
Accelerated Living Benefit Rider**
If you are permanently confined to a nursing home or are diagnosed with a terminal condition, this benefit allows you to use your life insurance coverage to protect your family during your lifetime. It makes a portion of your death benefit funds available to help pay expenses.
Issue ages:
16-70 for 10-year level premium
16-60 for 20-year level premium
16-50 for 30-year level premium
Form series 1766
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Income Replacement Settlement Option
The certificateowner selects monthly payments for a specified period of time instead of selecting to receive a lump-sum death benefit. The owner can also specify an initial lump-sum payout (1-6 times the monthly payment). The settlement option is available with the 10, 20, and 30-year level premium periods.
- Must be selected at time of application
- Premium Waiver Disability and Return of Premium Riders available
- Accelerated Living Benefit Rider NOT AVAILABLE
- Settlement option interest rate is set at time of death -- guaranteed not less than 3%
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Form series:
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200711A
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Have questions?
For information and help in choosing the products that may be right for you, call our member sales team at (866) 845-6665.
How much life insurance do you need? Use our calculators to help find out.
Certificates and riders are not available in all states. Contractual provisions and limitations may vary by state. Riders are available for an additional premium and may be subject to an administration fee and/or subject to underwriting or other restrictions.
*Under current Federal Tax laws
**Receipt of an acceleration of life insurance death benefits may affect your, your spouse's, or family's eligibility for public assistance programs such as medical assistance (Medicaid), Aid to Families with Dependent Children (AFDC), Supplementary Social Security Income (SSI), and drug assistance programs. You are advised to consult with a qualified tax professional and with social service agencies regarding how receipt of an accelerated death benefit may affect your, your spouse's, and your family's eligibility for public assistance. Death benefits and cash and loan values will be reduced if accelerated benefits are paid. The payment of benefits under this rider may be taxable and may affect eligibility for public assistance programs. You are advised to consult with your attorney or a qualified tax professional for information specific to your situation.
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