Together we can make a difference. And because strong women build strong communities, you’ll find Royal Neighbors members throughout America’s cities and hometowns changing the world. This is not a new concept for us. Volunteering and the importance of neighbor-helping-neighbor have been Royal Neighbors’ vision since 1895. It’s part of our DNA.
You’ve worked hard to build your estate. You’re comfortable with the money you have set aside for your future needs. You also have a financial legacy you plan to pass along to your loved ones or a favorite charity.
When you buy Single Premium Whole Life insurance from Royal Neighbors, one simple and convenient lump-sum payment provides fully paid-up whole life insurance with a guaranteed death benefit. The amount you leave to your beneficiaries will be higher than your lump-sum premium payment. Help guarantee the legacy you leave.
This type of coverage may be a good option for you if:
Royal Legacy Single Premium Whole Life Form Series 1313
Certificates and riders are not available in all states. Contractual provisions and limitations may vary by state. Subject to reinsurance and underwriting requirements.
Riders are features you can add to customize your coverage based on your individual needs. These riders may add to the cost of your insurance. Click on the rider options below to learn more about each of the available riders.
Whether it’s time, money, or both, many parents and grandparents want to help their families. One practical choice is to give the gift of life insurance. It’s a sensible way to share in the most valuable thing of all – the future.
Opportunity + Action =Change
Royal Neighbors sums it up by providing opportunities for members to create a powerful difference in their communities. This is not a new concept for us. Volunteering, giving back, and the importance of neighbor-helping-neighbor have been our vision since 1895. Ready to be the change you want to see? Join us.
What is a Rider?
A rider is purchased separately from the base policy and provides additional benefits at additional cost.
Buying life insurance probably isn’t as exciting as, say, plane tickets to your favorite vacation destination or buying a new car, but there is a certain satisfaction in knowing you’ve done something substantial in planning for your family’s future.
Are you interested in having the option to access funds from your life insurance coverage if you were to become seriously ill?
If you are diagnosed with a qualifying illness as defined by the rider, our Accelerated Benefit riders allow access to a portion of the death benefit while still living. Though it is not a savings account, this rider can help provide a back-up plan for major expenses.
Accelerated Death Benefit Riders (Forms 1591-CR, 1591-CH, and 1591-T) available in all licensed states except CA. Accelerated Living Benefit Rider (Form 1766) available in CA only.
a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).
The calculations contained within this calculator are specific to Royal Neighbors of America. It is intended to estimate an amount of life insurance coverage if death occurred in the near future. It is not a recommendation for specific coverage amounts. Your financial needs may differ from the estimates. Royal Neighbors does not guarantee that the amount illustrated here will meet your financial needs. You are responsible for selecting the appropriate amount of coverage. To evaluate your specific needs, please contact Royal Neighbors directly at (866) 845-6665.
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Calculations include your answers to the previous questions, in addition to the following: 3% investment return; 2.6% anticipated inflation rate; $8,500 for funeral expenses which is based on the national median cost for an adult funeral in 2014 according to the National Funeral Directors Association1; 75% of your annual combined income for desired annual income needs; and 15 years for the number of years’ income needed or the calculation of the number of years it will take your youngest child to complete higher education, whichever is greater. Social Security benefits were factored based on the age of your youngest children (up to 4). Immediate needs include your mortgage, other debts, and $8,500 for funeral expenses.
College cost estimates are based on the following parameters (based on data provided by [College Board] . The inflation rate for college costs (5.48% annually) is based on the Bureau of Labor and Statistics Consumer Pricing Index average from January 1996-June 2016. This rate will factor into college cost assumptions for future years, adjusted annually.
1 “The national median cost of a funeral with viewing and burial for calendar year 2014 was $7,181. If a vault is included, something that is typically required by a cemetery, the median cost is $8,508. The cost does not take into account cemetery, monument or marker costs or miscellaneous cash-advance charges, such as for flowers or an obituary.” http://www.nfda.org/news/statistics