Universal Life Insurance

SecureLife*

 

Protect your family with a customized life insurance. A SecureLife Universal Life insurance certificate can protect you and your family for any amount you choose, starting at $25,000. Universal Life is permanent life insurance that can provide affordable guaranteed protection and flexibility so you can create the plan that works for you:

  • Make Flexible Payments – Increase, decrease, stop, and restart your premium payments (within certain limits) to manage your changing financial obligations. Premiums must be adequate to maintain a sufficient account value to continue to pay for the cost of insurance, which increased with age1
  • Choose a Death Benefit – You decide the legacy you provide to your family, starting at $25,000
  • Accumulate Cash Value – A minimum interest rate of 3% is guaranteed to be credited to the account value; cash value you can borrow against as values grow2
  • Income tax-free death benefits to help you leave a legacy to your family3

 

To help customize your certificate even more, we offer rider options to best suit your needs. Additional premiums may apply depending on the riders you choose.

Accelerated Living Benefit 4

If permanently confined to a nursing home or diagnosed with a terminal condition, a portion of the death benefit can be accessed and could be used to help fund your care or other needs. Additional fees and interest may apply. (Form Series 1766)

Accidental Death Benefit 

If the insured dies accidentally, this rider provides an additional benefit up to 10 times your face amount, not to exceed $300,000. (Form Series 2082)

Guaranteed Insurability

During select option years or events, additional insurance coverage up to the lesser of the certificate face amount or $25,000 can be provided without evidence of insurability. Maximum lifetime additional face amount is $100,000. (Form Series 2083)

Flexible Premium Deferred Annuity

Vary the amounts of savings payments in a convenient vehicle. Minimum premiums, withdrawal charges, administrative fees, and tax penalties may apply. (Form Series 2085)  

Plus, as a member of Royal Neighbors of America, you are eligible to apply for additional member benefits at no additional cost.6

 

Certificates and riders are not available in all states.
Contractual provisions and limitations may vary by state.
Subject to reinsurance and underwriting requirements. 

*SecureLife - Form Series 200911 

1 It is possible that the life insurance provided by this universal life certificate could terminate if either no premiums are paid following the initial premium, or if subsequent premiums paid are insufficient to pay for the cost of insurance.

2 Like any loan, interest will be charged. An outstanding loan will reduce the death benefit if not repaid in full or the cash value if the certificate is surrendered for cash. Additionally, an outstanding loan could potentially terminate the certificate if the principal plus accrued interest equals or exceeds the cash value of the certificate. Tax penalties may apply.

 

3 This is not intended to provide tax or legal advice. You should consult a professional tax advisor about taxes related to your particular situation.

 

4 Receipt of acceleration of life insurance death benefits may be taxable and may affect your, your spouse’s, or family’s eligibility for public assistance programs. Consult you tax professional or social services agency for details. Eligibility requirements apply. 

 

5 Subject to reinsurance and underwriting requirements.

 

6 Member benefits are provided at the discretion of Royal Neighbors of America. They are not a part of any insurance or annuity contract and are not guaranteed.