Royal Neighbors of America Life Insurance Review [2024]

Royal Neighbors of America, a prominent player in the life insurance industry for over 120 years, was among the first to provide life insurance coverage for women and children in the United States. As a leading Royal Neighbors Insurance Company, they offer various premiums through their dedicated Royal Neighbors agents.

Royal Neighbors still prides itself on being a women-led life insurance and annuities company, and today will issue life insurance products to anyone who is interested. This company doesn’t have a huge selection of life insurance policies like some of the other big life insurance companies in the United States, but they do offer whole and term life insurance options.

Royal Neighbors also prides itself on its community involvement. The company’s mission is to “insure lives, support women, and serve communities.” Let’s take a closer look at the different Royal Neighbors life insurance products, their life insurance rates, and see how strong the company is financially.

If you can’t wait to find life insurance akin to what Royal Neighbors provides, enter your ZIP code above to compare life insurance quotes from the top companies in your area.

What are the life insurance rates from Royal Neighbors of America?

Royal Neighbors of America does not provide life insurance rate information online. To obtain a quote for Royal Neighbors life insurance, you need to either complete their online form or contact one of their independent insurance agents by phone. This process is not very efficient and can make it challenging to gather details about the life insurance products offered by the company. For further assistance, you can use the Royal Neighbors login or reach out to Royal Neighbors of America customer service. Be aware that there may be complaints about Royal Neighbors of America related to this lack of transparency.

The expense of your life insurance with the Royal Neighbors of America Insurance Company will be influenced by various individual factors such as your age, lifestyle, medical history, and other considerations. If you find the quote from Royal Neighbors of America unsatisfactory, it’s advisable to explore and compare their insurance rates with those offered by other providers. For additional insights, you can refer to Royal Neighbors of America insurance reviews or consider neighbor sayings regarding insurance options.

What Royal Neighbors life insurance products are there?

Royal Neighbors will only issue four types of life insurance policy according to their company website. They have three different types of whole life insurance policy and one term life insurance policy that they sell. (For more information, read our “How to Sell Your Life Insurance Policy“).

Check out this informative table that shows a simplified breakdown of Royal Neighbors life insurance policies and some of their key features.

Compared to most life insurance providers, Royal Neighbors offers significantly fewer policy options. Nevertheless, we will explore the available life insurance choices from Royal Neighbors in detail. This will help you make an informed decision about their offerings. For a Royal Neighbors quick quote or to compare with options like Royal Family Insurance and Royal Home Insurance, be sure to review the details carefully.

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What are the specifics of Royal Neighbors’ whole life insurance policies?

Royal Neighbors sells three distinct types of whole life insurance policy. They are as follows:

• whole life and youth whole life
• single premium whole life
• simplified issue whole life

Each one of these life insurance policies is a form of permanent life insurance, meaning that coverage lasts for an entire life, assuming that the policy’s premiums are paid.

The whole life and youth whole life policies are standard whole life insurance policies. The cost of these policies increases as issue ages increase; that is because the premiums for these policies remain level over the duration of the policy.

Whole life insurance policies build a cash value over time that can be borrowed against or used in the event of a terminal illness, such as cancer, or disability to help pay for care and treatment. This is one of the additional benefits of purchasing whole life as opposed to term life.

There are no details provided by Royal Neighbors in regards to the amount of whole life insurance coverage they typically sell. If you want to know how much whole life insurance coverage you can buy from Royal Neighbors, contact an agent to discuss this.

Single premium whole life insurance policies are basically the same as the other whole life insurance policies offered, but instead of having a lifetime of premiums they only have a single premium, hence the name. This is a great option for people who can afford to pay their premium at once. Then you get a lifetime of coverage without having to pay a lifetime of premiums.

The final insurance plan available from the company is simplified issue whole life insurance. This is more or less final expense insurance. The coverage amounts on these policies are likely pretty low. Generally, these policies are capped somewhere between 30,000 and 50,000 dollars when you look at other final expense insurance companies. If you are trying to leave a legacy behind for an heir, this policy option is not the one you should choose. Instead, final expense life insurance is designed to help cover the cost of your funeral and smaller final expenses that you may leave behind.

In most cases, the death benefit is paid directly to the funeral home. With that said, one of the excellent benefits of this type of policy is that you can be in charge of how your memorial service and burial will go, if that is something that is important to you. Typically, since the coverage amounts are low, you can expect an affordable premium with this type of coverage.

What should I know about Royal Neighbors’ term life insurance policies?

Royal Neighbors does not offer a lot of information about their term life insurance policies. Most companies will tell you what term options they sell if you need to undergo a medical exam, and what the policy coverage maximums are.

Royal Neighbors offers no specifics about their term life insurance policies on their company website. If you want more information about these policies, contact a Royal Neighbors life insurance agent.

Is Royal Neighbors life insurance financially strong?

The independent financial review company A.M. Best has given Royal Neighbors a financial strength rating of A. This is the third-highest financial rating possible from the company.

Financial ratings are crucial to confirm that you will receive your benefits promptly. If a company has poor ratings, it might struggle to deliver your death benefit on schedule or even at all. When investing in life insurance, such as Royal Neighbors life insurance, it’s essential to ensure that the provider can fulfill its financial obligations and protect your family when it matters most. For inquiries or support, you can reach out to Royal Neighbors life insurance customer service through their website at www.royalneighbors.org.

Royal Neighbors Life Insurance: What’s the bottom line?

Royal Neighbors of America is known for its significant contributions to women and local communities. However, if you are looking for extensive life insurance coverage, you might consider exploring other insurance providers. The company provides limited details about its rates and policies on its website, which may prompt further inquiries. For more comprehensive options, you might want to shop for life insurance with other companies. Additionally, Foresters mobile quotes and Royal American Life Insurance Company offer alternative choices. To access your account or manage policies, you can use the Royal Neighbors of America agent login.

If you’re ready to compare life insurance rates from top companies such as Royal Neighbors Life insurance in your local area, enter your ZIP code below.