Royal Neighbors Of America Burial Insurance 2022 Review

Royal Neighbors Of America Final Expense Insurance

What is a burial policy? A burial policy is imperative to have in place. It protects your family and loved ones from the financial burdens when you pass away. It goes by a few names, burial insurance, final expense insurance and even known as funeral insurance. They all mean the same thing – A simplified whole life policy ranging from $5,000- $25,000 max.

A burial insurance policy protects your family from the finanical burdens they will face when you pass away…

Is burial insurance worth buying? YES! This type of policy covers all your final expenses. It is designed to cover funeral home expenses, casket, traveling, flowers, music, ceremony, cremation, etc.

Who Are Royal Neighbors Of America

Royal Neighbors of America was founded by 4 women in 1895.

They are a fraternal benefit society. A fraternal benefit society is like a mutual insurance company, they have no shareholders. Their income from premiums and investments over the above costs of all their operations, claim payments is refunded to the insured members. Who wouldn’t like a check after a financially successful year?!!

They were one of the first insurance carriers to provide insurance for women and children.

They were created by women, one of the largest women-led companies and they empower women daily!

Royal Neighbors Of America Simplified Whole Life Policy

Simplified whole life policy – preferred death benefit/graded death benefit- What do they mean?

Is this a better product than AARP, Colonial Penn, and Globe Life? YES! And here’s why…

Simplified whole life facts include Day one coverage! NO 2 YEAR WAITING PERIOD!!! Level benefit for the rest of your life. UNLIKE AARP, Colonial Penn, and even Globe Life, a policy with Royal Neighbors of America will NEVER expire. Your coverage amount will NEVER decrease and your premiums will NEVER increase. EVER!

The qualifying preferred knockout questions are below #2-7.

Royal Neighbors graded death benefit also will NEVER expire, the coverage amount will NEVER increase, however, they offer limited benefits. This means if you answer yes to the following knockout questions, you will be eligible for a graded policy.

Graded benefits offer min of $5,000 to max $10,000 in coverage. Also, the payout is limited to a graded policy. If you should pass away the first year of the policy being in force, the payout to your beneficiary will be 30% of the face amount.

If you should pass away the second year of the policy being in force, the payout would be 70% of the face amount. After the two years have been satisfied, and should you pass, the full death benefit would be paid to your beneficiary.

Royal Neighbors Of America Member Benefits

Member saving is an incredible discount and savings program for all of Royal Neighbors members. As a matter of fact, these benefits include discounts on anything from prescription drugs, labs work, imaging services including MRI’s, Cat scans, vision, dental, legal services, retail benefits – such as hotels, rental cars, movie tickets, shopping in-store and online, the list goes on!

The best part is, these discounts and savings are not just for the policyholder, these benefits are extended to the policyholders immediate family, children, and spouses! Their immediate family members do not need to be policy holders. This is included in the policy!

Final Expense Life Insurance No Exam

With simplified whole life policies and final expenses, there is no medical exam required. In fact, the process is quite simple. Furthermore, once we qualify you which is a series of health and lifestyle questions and the medical questions above.

Of course, at that point, once you have established the coverage amount you desire, we do the entire application process over the phone together on a 3-way phone call with you, the insurance carrier and your independent agent.

This is called the Voice Signature Application Process. It takes approximately 20-30 minutes from start to finish. The insurance carrier verifies the information you and your agent have discussed, then your signature is your name and the date. It is equivalent to signing a document but simply the best thing since sliced bread!

Royal Neighbors Of America’s Underwriting Health Niche’s

Do you have health impairments? Do you have concerns about getting coverage? Well, don’t fret! Here are some of the underwriting niche’s that make Royal Neighbors stand above the rest!

• Neuropathy

• diabetes

• retinopathy

• brain tumors (actually- any tumor)

• blood clots

• mini-strokes

• home health care

• blood thinners prescribed YESTERDAY

• assistance with ADL’s

• hepatitis that has been cured more than years ago

• cancer more than once

• metastatic cancer (also a 2 year look back on cancer)

• No build chart

• diabetes before age 50 (will ask about insulin prior to age 30 though)

• A-fib

• cystic fibrosis

• sarcoidosis

• pacemaker battery changes don’t count as heart or circulatory surgery

• mental health including schizophrenia.

So now you can see why Royal Neighbors is our senior’s top choice! In fact, most of our clients are adult children looking to purchase burial insurance for their parents.

Equally important, they know that the financial burden will fall on their lap, in order to prevent that during such an emotional time, they purchase final expense insurance. This is peace of mind and that right there is PRICELESS!