Royal Neighbors
Royal Neighbors offers Final Expense, their new JETerm, Annuities, Whole Life, and Universal Life products. E & O is required. Royal Neighbors policyholders become members of Royal Neighbors with membership benefits. The benefits include Health and Wellness discounts, Fraternal Aid, Nation Of Neighbors program, Legal Services and Retail benefits, membership magazine, They also offer multiple scholarships for students.
Royal Neighbors is a field sales company only. They do have a voice signature process for their simple issue and graded death benefit for Final Expense plans that can be utilized while you are in the home with the client. Voice signature is available on Saturday 8am to 2pm Central time.
RNA requires their agents to have an agent number before writing business.
Not available in AK, AL, HI, LA, MA, NH, NY
Final Expense:
Simplified Issue:
Ages 50 to 80
Minimum Amount: $5,000
Maximum Amount: $25,000
Underwritten via Telephone interview at Point of Sale
Graded Death Benefit:
Ages 50 to 80
Minimum Amount $5,000
Maximum Amount $10,000
3-Year Graded
Accelerated Living Benefit Rider: Available for Simplified and Graded plans.
Benefit includes Chronic Illness, Critical Illness, and Terminal Illness
JETerm:
Ages 25 to 60
Amount $50,000 to Maximum $5M
Cost-effective coverage for 15,20, 30 yrs
Not reviewed by an underwriter if within the non-med limits
Available Riders:
Total Disability Waiver of Premium
Accelerated Living Benefit
Accident Death Benefit
Cancer Waiver
Child Term
Guaranteed Insurability
Universal Life:
Whole Life:
Essential Life:
Traditional WL, guaranteed death benfit, guaranteed cash value, non-medical underwriting at select ages and face amounts
Minimum Amount $25,000. Maximum subject to underwriting.
Payment Options:
Monthly- Ages 18 to 85.
20-Pay-Ages 18 to 80.
Paid Up age 65. Ages 18 to 60
Youth Essential WL:
Ages 0 to 17
Minimum Amount $10,000
Monthly and 20-Pay Available
Single Premium WL:
Ages 45 to 80
Minimum Amount $10,000
Maximum Amount: $200,000
Additional Riders Available with policies.
Annuities:
Single Premium:
Choice 3- Three, 3-Year Interest Rate Guarantee Periods.
Choice 5-Initial Rate Guaranteed for 5 Years
Choice 6-Interest Rate Guaranteed for 6 Years
SPIA-Non Qualified and IRA/Roth
SPIA-SEP/IRA
Flexible Premium Deferred Annuity
Ages 16 to 75
Universal Life Cash Value:
Ages 0 to 85. Tobacco 16 to 75. Minimum Amount $50,000.
Universal Death Benefit:
Ages 0 to 75. Tobacco 18 to 75. Minimum Amount $50,000. Traditional and Preferred Loans Available.
All Riders Available on both Plans