Royal Legacy Life Plan At A GlanceThe Royal Legacy Single Premium Life Plan is designed for individuals who wish to maximize the income tax-free transfer of wealth to their beneficiaries, while maintaining access for emergencies.
- 100% income tax-free payment to the beneficiary1
- An immediate increase in the value of the estate
- Cash values and death benefit are guaranteed
- Tax-deferred growth of the cash value
- Accessible for emergency expenses2
- Additional member benefits available, AT NO ADDITIONAL COST
| Age Availability: |
50 - 85 |
| Coverage Amount Available: |
Minimum $10,000
Maximum $250,000
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| Dividends: |
Participating, but none expected |
| Riders Available (adult): |
3Accelerated Living Benefit - Form Series 1766 available in many states |
| Form series: |
200611A |
Have questions?
For information on this product 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.
1Not intended as tax advice. All information and illustrations given reflect Royal Neighbors’ understanding of tax law. We recommend that any questions of a legal or tax nature be directed to a qualified attorney or tax advisor.
2Royal Legacy Life Plan is a single premium whole life plan, and is classified as a Modified Endowment Contract (MEC). Withdrawals and amounts loaned in excess of premium paid are subject to income tax and may be subject to an IRS penalty for early withdrawal.
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. You are advised to consult a qualified tax professional or social service agency regarding the circumstances under which you might be able to receive an acceleration of a life insurance death benefit, excludable from income under federal law.
Certificates and riders are not available in all states. Contractual provisions and limitations may vary by state. Rider is available for an additional premium or may be subject to an administration fee and/or subject to underwriting or other restrictions.
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