Simplified Issue Whole Life Product

Simplified Issue Whole Life

Pass on Your Love, Not Your Debt

Many families face unexpected expenses after the death of a loved one. Funeral costs, medical expenses, and even outstanding credit card debt can add up. Simplified Issue Whole Life insurance can help cover these expenses. 

Simplified Issue Whole Life Product

Early Planning Protects Those You Care About Most

Many families face unexpected expenses after the death of a loved one. By planning ahead you can prepare for these expenses and reduce some of your family’s stress in a time when they are grieving.

Royal Neighbors has permanent life insurance coverage designed to help cover these costs. With our Simplified Issue Whole Life insurance, your premiums will remain constant and your beneficiaries will be paid the death benefit, which can help cover the costs of a funeral and other final expenses. In most cases, no physical exam is needed when you are applying for coverage.*

This type of coverage may be a good option for you if:

  • You are between the ages of 50 and 85.
  • You want between $5,000 and $25,000 in coverage to help your loved ones with expenses when you die.
  • You are looking for coverage options that may not require a physical exam.*
  • You wish to supplement the life insurance you already have.

Contributing to their future

Whether it’s sharing your time, money, or both, many grandparents are actively involved in the lives of their children and grandchildren. One way to help contribute to their future is to give them the gift of life insurance. Even a small amount of coverage can make a big difference later when they need it most.

Simplified Issue Whole Life Form Series 1311

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

*Subject to underwriting. Issuance is dependent on answers to health questions in the application. We reserve the right to order a Physician’s Statement. 

How Can I Customize this Product for my Needs?

What is a Rider?

A rider is purchased separately from the base policy and provides additional benefits at additional cost.  

Simplified Issue Whole Life RIDERS

Accelerated Benefit

More Info

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.

See Rider Information

What Solutions Are Right For Me?

These scenarios best describe my financial concerns (select all that apply):
Select a choice
Please Select An Option
*This life insurance does not specifically cover funeral goods or services, and may not cover the entire cost of a funeral at time of death. The beneficiary of this life insurance may use the proceeds for any purpose, unless otherwise directed.
Form #: P00007-1; Rev. 5-2017 

What Solutions Are Right For Me?

About me and my responsibilities:
Please Select An Option
Please Select An Option
My Age
Please Select An Option
My Partner's Age
Please Select An Option
Please Select An Option
Please Select An Option
Form #: P00007-2; Rev. 9-2016 

What Solutions Are Right For Me?

My Choices:
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Form #: P00007-3; Rev. 9-2016 

How Much Coverage Do I Need?

More about me and my finances:
Please Select An Option
Insurance Types:
annual_income_icon
Please Select An Option
Monthly/Annual Retirement Income: this includes Pension & Annuities.
me_retirement_icon
Please Select An Option
partners_annual_income_icon
Please Select An Option
partners_retirement_icon
Please Select An Option
house_icon
Please Select An Option
Amount of Other Debts
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My Assets
Please Select An Option
Included 401K, IRA, and any other Investments
Form #: P00007-4; Rev. 9-2016 

How Much Coverage Do I Need?

My children and their education:
Please Select An Option
Child Icon

Oldest Child

years old.
Please Select An Option
More Child Options
More Child Options
Form #: P00007-5; Rev. 9-2016 

How Much Coverage Do I Need?

More about me:
Please Select An Option
Form #: P00007-6; Rev. 9-2016 

My Coverage Choices

coverage_options
My current resources are: N/A
Includes estimated potential Social Security benefits
My recommended coverage is: N/A
My coverage gap is: N/A
How did we figure this out?
I am most concerned about:See My Concerns
    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.

    what riders ARE offerED WITH MY COVERAGE OPTIONS?

    Accidental Death Benefit

    More Info

    Accidental Death Benefit

    More Info

    Accidental Death Benefit

    More Info

    Accidental Death Benefit

    More Info

    Accidental Death Benefit

    More Info

    Accidental Death Benefit

    More Info

    Cancer Waiver Rider

    Our Cancer Waiver rider allows the insured to waive two years of premiums or monthly deductions if diagnosed with Stage II or greater cervical, ovarian, or breast cancer prior to turning 60 years old. This rider eliminates the concern of making life insurance payments during this period so the insured can focus energy on what’s really important – getting well and spending time with loved ones.
    Form series 2084
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    Form #: P00007-7; Rev. 9-2016 

    Free and Discounted Programs for Our Members

    Opportunities to save money, volunteer, and more!
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    Do you or someone in your household (select all that apply):

    Form #: P00007-8; Rev. 9-2016 

    Free & Discounted Programs for Our Members

    Opportunities to save money, volunteer, and more!
    dental_icon
    vision_icon
    prescription_icon
    legal_icon
    online_shopping_icon
    dollar_icon

    Benefits you ARE interested in:

    Legal Icon

    Legal services

    Dental Icon

    Dental care discounts

    Retail Discounts

    Retail discounts

    Prescription Icon

    Prescription drug discount

    Vision_icon

    Vision discounts

    online_shopping_icon

    Cashback online shopping

    hearing_aids_icon

    Hearing aid discounts

    health_screens_icon

    Lifeline screenings

    Benefits you MAY BE interested in:

    Form #: P00007-9; Rev. 9-2016 
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    Royal Neighbors of America
    Form #: P00039; Rev. 10-2016
    Royal Neighbors Pop Up Glossary

    Pop-up Glossary

    Life-Insurance

    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).

    Royal Neighbors Pop Up Glossary
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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

     
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    Insuring Lives, Suporting Women, Serving Communinites