Term Life Product

Term Life

Protect Your Family for Less Than You Might Think

If you value the protection that life insurance provides but you aren’t sure if you can afford the amount of coverage you think you need, check out Term Life Insurance. The cost is probably less than you think.

Term Life Brochure

Who Buys Term Life Insurance?

Generally, Term Life Insurance will provide the highest coverage amount for the lowest premium dollars over a specific period of time, like 15, 20, or 30 years. The life insurance will provide your loved ones with the money they need to cover expenses like the mortgage, medical bills, and more.

You may want to have Term Life Insurance if any of the following apply to you:

  • Your income helps support your loved ones.
  • Your absence would cause additional expenses to your loved ones, such as child care.
  • You’re paying off a large loan (for example, a mortgage or a private student loan), and would like your loved ones to be able to pay it off if you died.
  • You own a small business and have business debts that would impact someone else if you died.

Check “Get Life Insurance” Off Your To-Do List!

There’s no need to put if off any longer. Applying for Term Life Insurance with Royal Neighbors is simple and quick. In most cases, you won’t need to provide medical records or undergo an exam – and you’ll know if you’re approved and how much your premium payments are in under an hour!

Take a few minutes to walk through our interactive guide and calculate how much life insurance would help cover your expenses or learn more by calling our contact center or talking to your agent.


JETerm Form Series 1611.
Certificates and riders are not available in all states. Contractual provisions and limitations may vary by state. Subject to reinsurance and underwriting requirements.

Contributing to Their Future

Contributing to their future

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

Change needs action

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. 

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.

Term Life Insurance RIDERS

Disability Waiver

More Info

Protect your life insurance coverage in the event you become disabled in the future. If the Disability Waiver rider is added when applying for life insurance coverage, Royal Neighbors will waive the premium payments in the event the insured is totally disabled (as defined by the rider) prior to her or his 60th birthday.

See Rider Information

Accidental Death

More Info

Provide your family additional financial protection if you were to die due to an accident. The Accidental Death rider provides an additional death benefit of at least $25,000 in the event the death of the insured is caused by an accident prior to her or his 65th birthday.

See Rider Information

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

Guaranteed Insurability

More Info

Nobody knows what the future looks like, but you can guarantee the option to add to your insurance coverage when you get there. Purchasing the Guaranteed Insurability rider guarantees the insured has the right to purchase $25,000 of additional life insurance at specified future ages or life events without a new physical exam.

See Rider Information

Child

More Info

Nobody wants to think about a child dying, but do you have money to cover burial expenses or maybe help pay other expenses? The Child rider provides a $5,000 death benefit for each child of the insured. If the insured dies while this Child rider is in force, the insurance on each child will continue as long as the child meets the definition of an insured child.

See Rider Information

Cancer Waiver

More Info

Do you have a family history of certain cancers? Our Cancer Waiver rider waives two years of premiums or monthly deductions if the insured is diagnosed with Stage II or greater cervical, ovarian, or breast cancer prior to turning 60 years old. This rider helps to minimize 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.

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:
See More Products
See More News Articles
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
Please Select An Option
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
    Pop up Arrow
    Form #: P00007-7; Rev. 9-2016 

    Free and 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

    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 
    Restart ProcessRestart
    From Beginning
    Restart Coverage
    Royal Neighbors of America
    Form #: P00063; Rev. 9-2016
    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
    Close Button
    coverage_options

    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