Royal Neighbors Products

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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.

Life Insurance is Like a Love Letter to Your Family 

Whether you’re just starting a family or heading toward retirement, life is full of ups and downs and the unexpected. Life insurance is a love letter you write while alive but your family receives when you die. The letter tells your family, “I knew someday I would not be here and I don’t want you to worry about money, so I bought life insurance to protect you.”

For example, if you were to die suddenly, would your loved ones have enough money to pay for funeral costs, the mortgage, and maybe even child care? Adequate life insurance can help protect your family and cover these expenses so they can maintain the quality of life you want for them.


Ready to Learn More?

We have many resources to help you identify your goals and figure out how much you’ll need to protect those who depend on you.


Find out which type of life insurance will best suit your financial and coverage needs by using the chart, calculator and quoting tool below.


ProductWhat It's Used ForTax AdvantagedFixed  AmountGuaranteed Values Over TimeFluctuates Based on Premium Payments and Interest RatesSet Premium Payment ScheduleFlexible Premium Options
Whole Life and
Youth Whole Life
Life-long (permanent) protection, coverage
Most affordable at young ages
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Single Premium Whole LifeLife-long (permanent) protectiontable_checkmarktable_checkmark
Simplified Issue Whole LifeLife-long (permanent) protection
lower death benefit
primarily for final expenses
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Universal LifeLife-long (permanent) protection with flexible optionstable_checkmarktable_checkmark
Customer may adjust1
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Term LifeProtection for a specific time periodtable_checkmarktable_checkmarktable_checkmark

1 Adjusting the death benefit amount will impact both the monthly deductions and the cash accumulate in the certificate.





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Whole Life Pizza Infographic


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    Royal Neighbors of America
    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).

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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 #: ; Rev.