Royal Neighbors Final Expense Review: Plans & Benefits

Royal Neighbors Final Expense Review
Royal Neighbors Final Expense Review: Plans & Benefits

Royal Neighbors Logo black and white

Researching the top burial insurance companies should be easy. Our experts have streamlined this Royal Neighbors of America review.

Walking through each plan, premiums, and member benefits, this is a simple guide to the Royal Neighbors funeral insurance products.

Royal Neighbors Final Expense Review

Royal Neighbors of America was established in 1895. The company started with a singular vision: “To protect women financially and empower them to improve their lives, families, and communities.”

They are also on a mission to provide women and those they care about with the following:

  • Insurance and financial products
  • Financial education
  • Member savings and services
  • Opportunities to connect and help support their community

Today, Royal Neighbors of America is one of the longest established women-led insurers providing financial products, member savings, and volunteer programs to more than 200,000 members.

Bundled with a member saving program and a well-versed philanthropic volunteer program, the company from Rock Island, IL, makes a solid case for why you should do business with them.

Company Details

  • Established: 1895
  • Headquarters: Rock Island, IL
  • A.M. Best Company Financial Rating: A (excellent)

Royal Neighbors Funeral Insurance Basics

To better understand Royal Neighbors’ plans, it is best to understand the basics of final expense insurance. Every plan comes with three permanent benefits.

Price Locked In: The monthly premium will never increase. The policyholder will budget their expenses each month and know there will be no rate hikes from their life insurance policy. This makes final expense for seniors on a fixed income is a wonderful insurance option.

Coverage Never Changes: Along with the price lock comes a guarantee that your death benefit will never decrease. The policyholder, beneficiary, and family receive peace of mind knowing that funeral expenses will be covered.

Builds Cash Value: With every monthly payment, a portion will go towards the cash value account. This amount can be borrowed from if the policyholder chooses.


Simplified Issue Whole Life Plan 1

Plan 1: Simplified Issue Whole Life

The Simplified Issue Whole Life Plan (SIWL) is meant for seniors in good health looking for burial insurance coverage with no waiting period at an affordable price point.

SIWL Plan Details

  • Age Eligibility: 50 – 75
  • Coverage Amount: $7,000 – $30,000
  • State Availability: 43 states & DC (excluding AL, AK, HI, LA, MA, NH, NY)
  • Medical Exam: No
  • Health Questions: Yes
  • Waiting Period: No
  • Permanent Coverage: Yes
  • Builds a Cash Value: Yes
  • Smoking Rates: Yes

Immediate Coverage

This plan comes with immediate coverage. Meaning the policyholder would have day one protection assuring that the beneficiary and family will be covered.

Favorable Underwriting 

Many immediate coverage plans have rigorous underwriting. The SIWL plan is very lenient to medical conditions like diabetic neuropathy and other diabetes complications. With only nine simple medical questions, this plan will give you day one coverage when other carriers would not.

Accelerated Living Benefit Rider

The Accelerated Living Benefit rider is included for both the SILW and the Graded death benefit plans at no additional cost. This added benefit allows you to accelerate a payout of 75% of the total policy face amount.

This benefit can be used if a physician diagnoses the insured as having a terminal condition with a life expectancy of 12 or fewer months. Another way for this rider to be used is if the insured is confined to a nursing home for 90 days and the physician expects the confinement to be permanent.

The rider is not available in all states and should be discussed with an insurance professional.

Royal Neighbors Quote Estimates

The SIWL plan is competitive but starts at a higher price point than some of its competitors, like Mutual of Omaha Living Promise. However, the higher premiums come with more underwriting leniency than the competition. The rates shown are non-smoking quotes.

$10,000 of Coverage

Monthly Premiums


Graded Death Benefit Plan 2

Plan 2: Graded Death Benefit

With a two-year waiting period and a progressive payout schedule, this funeral insurance plan is meant for seniors with a more complicated medical history.

Graded Plan Details

  • Age Eligibility: 50 – 75
  • Coverage Amount: $7,000 – $10,000
  • State Availability: 43 states & DC (excluding AL, AK, HI, LA, MA, NH, NY)
  • Medical Exam: No
  • Health Questions: Yes
  • Waiting Period: Yes
  • Permanent Coverage: Yes
  • Builds a Cash Value: Yes
  • Smoking Rates: Yes

Two-Year Graded Waiting Period 

This burial insurance plan has a progressive waiting period if death occurs in policy years one or two. This is a major benefit for family members who would otherwise receive a much lower distribution with other plan’s payout structures.

Waiting Period Payout Structure

  • Year 1: 30% of the coverage amount
  • Year 2: 70% of the coverage amount
  • Year 3: Full coverage amount

Two Riders Included

Two additional riders are included in this plan. The first is an Accidental Death Benefit. If the policyholder were to pass away due to an accident within the two-year waiting period, the beneficiary would be awarded the full death benefit. As discussed in our SIWL section, the second included rider is the Accelerated Living Benefit.

$10,000 Coverage Maximum

The most coverage one can receive with this plan is $10,000. This will cover funeral expenses, but it might not be enough coverage for costs like medical bills, final utility expenses, or leaving a small inheritance to your beneficiary. Speak with your family to determine the proper amount of coverage for your specific financial situation.

Royal Neighbors Quick Quote

With applicant-friendly underwriting, the Royal Neighbors premium for the graded plan is on par with its competition. Sentinel Security Life offers another good graded plan option. The rates shown are non-smoking quotes.

$10,000 of Coverage

Monthly Premiums


woman in green shirt

Royal Neighbors Burial Insurance Medical Questions

With a very streamlined underwriting process, Royal Neighbors of America makes it simple to be approved for coverage. There are nine medical questions on the application. Depending on how you answer these questions will dictate what plan you will be eligible for.

1. Has the proposed Insured used tobacco in any form in the last 12 months?

Royal Neighbors Medical Questions

2. Is the Proposed Insured currently:

a. Hospitalized, in a nursing facility, or receiving Hospice Care?

b. Confined to a wheelchair, bed, or using oxygen equipment to assist in breathing?

3. Has a member of the medical profession ever diagnosed or treated the Proposed Insured for:

Acquired Immune Deficiency Syndrome (AIDS), AIDS Related Complex (ARC), or any immune deficiency disease; or has the Proposed Insured tested positive for the Human Immunodeficiency Virus (HIV)?

4. Has the Proposed Insured ever been diagnosed as having or been treated for:

a. Congestive heart failure, or had or been recommended to have an organ transplant?

b. Insulin shock, diabetic coma, amputation caused by disease, or taken insulin shots prior to age 30?

c. Dementia, Alzheimer’s Disease, or mental incapacity?

5. During the past 18 months has the Proposed Insured been diagnosed as having:

a. Stroke, aneurysm, cardiomyopathy, or circulatory surgery?

b. Angina (chest pain), heart attack or failure, or heart surgery?

6. During the past 24 months, has the Proposed Insured been diagnosed as having, or been treated for:

a. Internal Cancer, Melanoma, or Leukemia?

b. Cirrhosis, liver disease, kidney failure (including dialysis), chronic kidney disease, or systemic lupus?

7. During the past 18 months, has the Proposed Insured been diagnosed as having:

a. A condition expected to result in death within 12 months?

b. Been advised by a medical professional to have any diagnostic testing which has not been completed or for which the results have not been received?

c. Been recommended by a physician to have treatment or counseling for alcohol or drug abuse?

medical question

8. During the past 24 months, has the Proposed Insured been diagnosed as having, or been treated for:

a. Stroke, angina (chest pain), heart attack, or cardiomyopathy?

b. Heart or circulatory surgery (including pacemaker, heart valve replacement, bypass, angioplasty, stent implant, or any procedure to improve circulation to the heart or brain)?

9. During the past 24 months, has the Proposed Insured been diagnosed as having, or been treated for:

a. Emphysema, chronic obstructive pulmonary disease (COPD), or tuberculosis (TB)?

b. Neuromuscular disease (including Multiple Sclerosis, Lou Gehrig’s Disease, Epilepsy, or Parkinson’s Disease)?

If you answered NO to all 9 questions, you are eligible for Simplified Issue Whole Life (SIWL).

man in yellow shirt

Financial Overview & Member Savings

As of 2019, reports show an excellent financial position for Royal Neighbors of America. Policyholders can feel secure knowing their claim will be paid quickly to the beneficiary.

2019 Finacial Statistics:

  • Over $1.1 billion in assets under management
  • $195 million certificate holders surplus
  • $3.8 billion in life protection
  • $29.2 million in life policies paid out

Royal Neighbors of America is a Fraternal Benefits Society

A Fraternal Benefit Society is not-for-profit and does not have shareholders like other insurance companies. This allows for many great benefits, including giving back to the policyholders via membership discounts.

Also, there is a lot of charity work and overall social good that the company does.

Royal Neighbors Member Benefits

Once you obtain a Royal Neighbors final expense insurance policy, you are automatically signed up for the member savings plan. You can expect to receive the “members saving card” in the mail once the policy is active.

This card will give you access to free and discounted services by participating providers. Not all states participate in this benefit program.

Member Benefits Included

Dental Visits: In most cases, you will save 20%-40% per visit. Just present your membership card to one of 160,000 participating dental offices.

Glasses, Contacts, and Vision Exams: You can save 10%-60% on contacts, glasses, exams, LASIK, and designer eyewear.

Labs, Scans, and Other Health Screenings: When using the membership card for CT scans, ultrasound, and MRIs, save 40%-75%. Also, save 10%-80% on typical costs for lab work at over 1,500 major clinic laboratories.

Telehealth: 24/7 access to doctors virtually for common medical ailments. This visit can take place over the phone or through video chat. The services can include discussing prescriptions, symptoms, and treatment options.

Hearing: Enjoy a 2 year supply of hearing aid batteries plus a 60-day money-back guarantee when working with the company Amplifon for your hearing needs.

Prescriptions: Save 10%-85% on most prescriptions at thousands of pharmacies around the country. Save on average 46% per prescription. All you need to do is present your membership card and you will receive discounts on a long medication list.

Wills and Other Legal Services: Receive legal advice at a discount rate. Either $125 an hour or 40% off the hourly rate, whichever is greater.

Royal Neighbors Life Insurance Company Charitable Contributions

Being heavily involved in social good and philanthropy work is a top priority for Royal Neighbors of America. It was founded on principles that it has kept as a core to its modern-day foundation.

When doing business with this carrier, you are involved with social good rather than just profit and loss metrics.

2019 charitable accomplishments:

  • 18 million dollars in social good
  • 175 thousand dollars in scholarships awarded
  • 100 thousand dollars in “Nation of Neighbors” women empowerment grants
  • 1.2 million in philanthropic spent

Royal Neighbors Life Insurance Phone Number

If you need to contact the carrier directly, the number provided will direct you to the Royal Neighbors life insurance customer service team. Contact their staff at 866-845-6665

woman in white shirt

Final Thoughts

a. The Royal Neighbors final expense review shows that this life insurance company is competitive in price and understanding for health condition acceptance. You should not look far down the list before applying for coverage with this high-class carrier.

b. When looking at this company’s foundation, they make social work and charitable donations a priority.

c. Having an independent insurance agent guide you through the process will save you time and money. While Royal Neighbors of America has two respectable products, they might not provide the best coverage given your specific circumstances.

Speak with a Willamette Life independent agent at 844-576-0019

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