Whole Life Insurance

Life changes quickly -- there are additions to the family, changes in your job, and homes with new mortgages. As your life evolves, it's important to assess your need for life insurance. The purpose of life insurance is to protect your family's financial future after you're gone. Whole life insurance is an option that not only provides the peace of mind that your family is protected, but also provides the benefit of being a flexible financial tool.

Whole life insurance offers many benefits:

  • It provides coverage for your entire life at fixed, cost-effective payments as long as premiums are paid.
  • It can accumulate cash value that is available in the form of a loan.1
  • Death benefits are guaranteed as long as premiums are paid.
  • If you surrender the certificate, any cash value that has been accumulated will be paid to the owner.

 

We offer several cost-effective whole life insurance options to ensure that you have a certificate that meets your needs:

  • Essential Life (Form Series 200811) - Available to members 18 and up with a minimum of $25,000 and the choice of three payment options, each with additional riders available2
  • Youth Essential Life (Form Series 200811) - Available to members 0-17 with a minimum of $10,000 and the choice of two payment options, each with additional riders available2
  • Simplifed Issue Whole Life (Form Series 200612A) - Available to members ages 50 to 85 with a minimum of $3,000 to a maximum of $25,000 and pays a death benefit 100% of the certificate face value
  • Graded Death Benefit (Form Series 200613A) - Available to members ages 50 to 85 with a minimum of $3,000 to a maximum of $10,000 and pays a death benefit of 30% face value in year one, 70% in year two, and 100% thereafter; if the death is accidental, coverage is 100% from issue date 

 

To get a quote, use our simple Whole Life Insurance calculator.

Plus, as a member of Royal Neighbors of America, you are eligible to apply for additional member benefits at no additional cost.3

 

1 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.


2 Additional premiums may apply depending on the riders you choose.  


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

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