Last Updated: July 22, 2010 |
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Carrier Unique Product Highlights |
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Updated Royal Neighbors News |
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Our current Child Term Rider is no longer available for sale while we make some minor revisions. We are currently filing and awaiting state approvals. We will notify you as soon as the rider is available. At that time, you will have the opportunity to meet the additional insurance needs of your customers by adding the rider to whole life or universal life products.
We heard your concerns on the topic of recent form 1701 and the verbiage regarding the initial draft of premium. We have recalled this form and it will not be required with new applications.
Please submit your applications as usual, assuring that required PAC information is included and readable. |
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July 22, 2010 |
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Eclipse Index UL has a rider to achieve 100% Cash Value for the first 3 years. Great for Premium Financing or Distribution Planning. |
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January 15, 2010 |
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Royal Neighbors offers a number of products with both simplified issue and full underwriting |
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Whole Life |
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Royal Prime Whole Life – three types |
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Features of all: |
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- Nonmed at select face amounts and ages; medically underwritten for rest
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- Super Preferred to Substandard risk classifications
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- Face amount: $10,000+ at Standard only; $100,000 + at all risk classes
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- Guaranteed Death Benefit and Cash Value
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Royal Legacy Single Premium WL |
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- Nonmedical or Medically underwritten depending on amount net amount at risk
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- Standard only – encompasses Standard through Table 4
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- $100,000 to $250,000 PREMIUM
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Simplified Issue Whole Life – level and graded Death Benefit |
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- Nonmedical; yes/no health questions on application, phone interview, Medical Information Bureau, pharmacy check
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- Draft first premium allowed
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- No weight limit for level or graded
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- Level Face Amount: $3,000 to $25,000
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- Graded Face Amount: $3,000 to $10,000
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- Graded – Year one: 30% Death Benefit; year two – 70% Death Benefit; year three on: 100% Death Benefit
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Universal Life |
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- First year commission to target even if target not satisfied until second year
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- Guaranteed interest rate of 3%
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- Issue ages 0-85 (16-75 for tobacco users)
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- Super Preferred to Substandard
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- $25,000+ Standard; $100,000+ all risk classes
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Term Life |
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- 10, 20, and 30 year level premium
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- Super Preferred to Substandard
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- Face Amount: $100,000 to $4,000,000
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- Return Of Premium offered
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Special Features of Royal Neighbors Products and Business |
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- Contact Risk Assessment at 866-733-9758 ext 4186 for preliminary
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- Outstanding Website: https://agent.royalneighbors.org
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- Member benefits, including Prescription Discount program, for buying a policy
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- Life Portraits sales presentations
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- Express Selling Process on some cases
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