Essential Life

Essential Life* from Royal Neighbors is whole life insurance that offers level premiums and accumulation of cash value in your certificate. You can choose from easy-to-understand options to best fit your insurance needs and help protect your loved ones' future.

Essential Life include:

  • Affordable and guaranteed premium payments that won’t change throughout the life of your certificate
  • Cash value you can borrow against as values grow1
  • Income tax-free death benefits to help you leave a legacy to your family2
  • Guaranteed insurance coverage throughout your life as long as premiums are paid

 

Select from several options:

  • 20-Pay Life means you will make level payments for 20 years and never have to worry about paying a premium again
  • Life Paid-up at 65 means you will make level payments through age 65
  • Level Pay to Age 121 means you will make level premium payments through age 121

To get a whole life insurance quote, use our simple Whole Life calculator.

To help customize your policy further, we offer:

Accelerated Living Benefit3
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)

Disability Waiver of Premium4
This rider waives premiums in the event of total disability of the insured. Waiver is subject to a waiting period. (Form Series 2081)

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)

 

Plus, as a member of Royal Neighbors of America, you are eligible to apply for additional member benefits at no additional cost.5

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

* Essential Life - Form Series 200811

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.

 

2This is not intended to provide tax or legal advice. You should consult a professional tax advisor about taxes related to your particular situation.

 

3Receipt 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.

 

4Subject to reinsurance and underwriting requirements: $3,000,000 limit for a Disability Waiver of Premium Rider. 

 

5Member 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.