Insurance with a DifferenceSM

Mission Driven

Mission Driven IconEmpowering women and serving communities

History

History IconFounded in 1895 and going strong

Products

Products IconInsurance and Annuities

Savings

Savings IconGet a free simple will and many other discounts1

Financial Strength

Financial Strength IconA- Rating from AM Best2

It's a great time to review your current coverage or talk to a professional about purchasing life insurance.

The Importance of Life Insurance

Brooke Shields is a national spokesperson for Life Insurance Awareness Month 2019, and her services were retained by Life Happens. She does not endorse any insurance company, product or advisor. Life Happens does not endorse any insurance company, product or advisor.

About Royal Neighbors

Insuring Lives
Royal Neighbors is a different kind of insurance organization. We're financially strong, stable, and have an A- Rating for AM Best. We protect our members financially with easy to understand life insurance and annuity products. But, there’s so much more to Royal Neighbors.

Supporting Women
We were founded in 1895 by nine strong women, as a mission-driven, fraternal benefit society. Our founders realized that in families, both men and women needed insurance protection. So, Royal Neighbors was one of the first to offer life insurance to women. Today, we are a successful business dedicated to empowering women and local communities through volunteerism.

Serving Communities
Being socially-conscious isn’t new for Royal Neighbors. Through our chapter system, Royal Neighbors members have been volunteering and doing good things in their local communities for nearly 125 years. Through our programs, we help stimulate volunteerism in the neighborhoods where our members live, work, and play. We continue to honor our tradition of empowering women and girls.

What does this mean for you?
By choosing Royal Neighbors, you’re getting strong and stable insurance protection. You’re getting coverage that’s right for you through easy to understand products. And, you can feel good knowing you’re supporting a mission driven organization that empowers women and local communities.

1Member savings are provided at the discretion of Royal Neighbors of America and are not available in all states. Member savings opportunities are available at no extra cost and administered by a third party.
2Royal Neighbors is rated A- Excellent (4th highest out of 15) by the A.M. Best Company for overall financial strength and ability to meet ongoing obligations to certificateholders. As of December 31, 2018.
Royal Neighbors of America
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MY INSURANCE CALCULATIONS

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.

Needs
  • Immediate Needs N/A
  • Mortgage Amount: N/A
    Other Debts: N/A
    Funeral Expenses:N/A
  • Long-term Needs N/A
  • College Costs: N/A
    Total Income:N/A
  • Total Needs N/A
Resources
  • Immediate Resources N/A
  • Investment Assets N/A
    Life Insurance Proceeds N/A
  • Long-term Resources N/A
  • Partner's Earnings N/A
    Social Security N/A
  • Total Resources N/A
 
Additional Life Insurance Needed
  • Your total needs minus your total resources means you need N/A

Income Replacement Estimate

This chart estimates how much life insurance your loved ones may need to replace your income and maintain their current standard of living. Your dependents may be eligible to collect Social Security income benefits, which are included in the calculation below. The “Insurance Needed” column does not include financial needs such as paying off debt or paying for college.
Year Partner Age Partner Income S.S. Income Available Income Desired Income Surplus/Shortfall Available Resources Insurance Needed

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.

  • Amount for community college: 2 years @ $3,435/year (tuition and fees only)
  • Amount for public university: 4 years @ $19,548/year (tuition, fees, room and board)
  • Amount for private university: 4 years @ $43,921/year (tuition, fees, room and board)

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

 
Contact Royal Neighbors

Contact Royal Neighbors

 
Insuring Lives, Suporting Women, Serving Communinites
Form #: P00018; Rev. 10-2019