Royal Neighbors of America Final Expense Life Insurance Review

Royal Neighbors of America final expense life insurance is one of the best, legitimate(BBB accredited since 1986) and highly rated life insurance companies(A Excellent Rating with A.M. Best) on the market for seniors. As professional life insurance agents we give Royal Neighbors burial policy a 5 out of 5 stars for you based on this review.

Their burial policy which is called Ensured Legacy Final Expense offers coverage between $5,000 – $40,000 to seniors ages 50-85 with no medical exam required. There are 3 different plan levels which are SIWL(simplified issue whole life) with both Preferred(cheapest premiums no waiting period) and Standard(slightly more expensive premiums no waiting period) rates. GDB(graded death benefit waiting period) and GI(guaranteed issue waiting period).

This burial policy is particularly good for life insurance for seniors with diabetic neuropathy. Seniors with that specific condition are eligible for the preferred plan(lowest premium no waiting period). The money from this policy can be used by your beneficiary for any purpose like paying burial, funeral, cremation, debts and other end of life expenses when you die.

Royal Neighbors of America Final Expense Life Insurance Products & Features

Below is our table showing the features of each plan level for Royal Neighbors final Expense life insurance.

Policy DetailsSimplified Issue Whole Life PlanGraded Death Benefit PlanGuaranteed Issue Plan
Eligible Ages50-85 for Standard Plan
50-75 for Preferred Plan
Coverage TypeWhole Life, Lifetime Coverage
Level PremiumsYes
Level Death BenefitYes
Available StatesAll Except AL, AK, HI, LA, MA, NH, NY
Waiting PeriodsNo Waiting Period for Preferred or Standard PlansPolicy Pays 30% of Death Benefit in Year 1
Policy Year 2 Pays 70% of Death Benefit
Policy Year 3 Pays 100% of Death Benefit
Policy Pays Return of Premiums Plus 10% in Years 1 & 2
100% of Death Benefit is Paid in Year 3
Medical ExamNone RequiredNone RequiredNone Required
Coverage Amounts$5,000 – $40,000$5,000 – $20,000$3,000 – $10,000
Cash ValueCash Value Builds As Premiums are PaidCash Value Builds As Premiums are PaidCash Value Builds As Premiums are Paid
Free Look Period30 Days to Cancel the Policy for a Full Refund of Premiums
Policy RidersAccelerated Death Benefit – Provides a lump sum payment of a portion of the policy death benefit one time to the policy owner if diagnosed with a qualifying terminal conditionAccelerated Death Benefit Rider Not Available for GI Plan
Accidental Death Benefit Rider – Death resulting within 180 days of accidental bodily injury pays the full amount of the rider
Charitable Giving Rider – Pays $1,000 from your policy to a charity of your choice from RNA’s Recommendations
Grandchild Rider – Provides $5,000 of life insurance for grandchildren. Grandchildren must be 90 days old up to age 17

How Royal Neighbors of America Burial Insurance Benefits You

Royal Neighbors of American final expense life insurance benefits you by providing a quick death benefit payout to your family when you die. Your named beneficiary on the policy will receive a check for the full amount of the policy if you have the Preferred or Standard plans.

Once your beneficiary gets this money they can use it for paying your funeral and other final expenses such as debts etc.

Any money left over is theirs to keep for any purpose and is tax free.

This plan benefits you by providing peace of mind knowing your family will not be responsible for burial expenses that can be $7,848 according to the NFDA or even higher.

Burial Insurance Benefits

All final expense life insurance policies have the same benefits:

  • Level Premiums – Prices Never Increase
  • Level Death Benefits – Death Benefit Never Decreases
  • Tax Free Death Benefits – Death Benefits to your Beneficiary are Tax Free
  • Life Insurance Never Expires – Burial Insurance is Whole Life Insurance With No Policy Expiration

Royal Neighbors Member Benefits

When you purchase Royal Neighbors burial insurance you also get access to additional member benefits.

Royal Neighbors of America Member Benefits:

  • Dental Discounts – 20 – 40% On Most Dental Procedures
  • Vision Discounts – 10 – 60% Off Retail Glasses or Contacts & Discounts on Eye Exams
  • Discount Labs – Over 1,500 Clinical Laboratories & Savings of 10 – 80% for Typical Expenses
  • Discounted Legal Services – Discounted Rates for Lawyers Giving Advice
  • Prescription Discounts – 10 – 85% Savings On Most Prescription Drugs
  • MRI & CT Scans – 40 – 75% Savings on The Usual MRI and CT Scan Charges
  • Hearing Aids – Savings for Hearing Aids

Health Conditions Eligible for No Waiting Periods

Now lets take a look at the application health questions so you can better understand your eligibility. Below is a picture of the health questions for Royal Neighbors burial insurance coverage application.

There are no medical exams for this policy but they will look at your health history and prescription history and compare that to your answers to these health questions. If everything in your health and prescription history lines up with your answers you will be approved for coverage.

If it does not you will be offered either their graded or guaranteed issue plan which both having waiting periods.

Royal Neighbors Final Expense Application Health Questions

Now questions 2 – 4 have the wording “ever” which means if you have ever had any of those conditions mentioned you will not be eligible for the Preferred, Standard or Graded plans. You will have to accept their guaranteed issue policy with a waiting period.

In addition to this most of those health conditions only qualify for guaranteed issue life insurance no matter which company you choose. Current Nursing home, hospital and hospice care are always going to result in a guaranteed issue policy with any company.

Oxygen tanks, AIDS or HIV, Organ Transplant, Diabetic Amputation, Coma and Dementia or Alzheimer’s are all automatic declines for no waiting period burial insurance. If you have any of those conditions you have no other options but a guaranteed issue policy with a 2 year waiting period.

Now the good news is Royal Neighbors will offer you a guaranteed issue policy instead of declining you altogether.

Royal Neighbors of America Final Expense Life Insurance Eligibility for Conditions over 18 Months

Questions 5 – 9 on the health questions state an actual time line of 18 months until question 8 then it becomes 24 months.

This means any of those health conditions being described in questions 5 – 7 are eligible for no waiting period coverage if they were diagnosed over 18 months ago with no on going medications or treatments.

This means if you had any of the following conditions diagnosed over 18 months ago with no meds or treatments you can get no waiting periods.

Health Conditions Diagnosed Over 18 Months Ago with No On Going Meds or Treatments
  • Stroke
  • Aneurysm
  • Cardiomyopathy
  • Circulatory Surgery
  • Angina
  • Heart Attack
  • Heart Failure
  • Heart Surgery
  • Alcohol or Drug Abuse
Health Conditions Diagnosed Over 24 Months Ago with No On Going Meds or Treatments
  • Internal Cancer
  • Melanoma
  • Leukemia
  • Cirrhosis
  • Liver Disease
  • Kidney Failure
  • Chronic Kidney Disease
  • Systemic Lupus
  • Stroke
  • Angina
  • Heart Attack
  • Cardiomyopathy
  • Heart or Circulatory Surgery
  • Emphysema
  • COPD
  • Tuberculosis
  • Neuromuscular Disease

Take note that Stroke, Angina, Heart Attack, Cardiomyopathy, Heart & Circulatory Surgery all carry over from 18 month timeline to the 24 month time line. This means those specific conditions need to be over 24 months since diagnosis with no meds, treatments or complications.

Cost of Royal Neighbors of America Burial Coverage

Below is going to be pricing sample quotes from our quoting tools for seniors age 50 – 85. This will help you to understand how much Royal Neighbors of America final expense life insurance will cost. The N/T stands for non tobacco users and the T stands for Tobacco users.

AgeMale N/T $10,000Male T $10,000Female N/T $10,000Female T $10,000

How to Apply for Royal Neighbors Final Expense Life Insurance

In order to apply you need to work with a life insurance agent contracted with Royal Neighbors of America. Our agents are contracted with Royal Neighbors so the first thing you need to do is contact us via the phone number at the top of this page or fill out our quote form.

One of our agents will call you and ask you basic information and health questions. After this they will initiate the online life insurance application with you, complete the online signatures and finish applying.

The phone call only takes 30 minutes or less to apply with our agents at Royal Neighbors.

Royal Neighbors of America Company Background & Contact Information

Royal Neighbors of America started in March 21,1895 and is a fraternal benefit society. They were founded by nine women and also offer term, annuity and whole life insurance products. Their statement on their site makes it clear they are on a mission to insure lives, support women and serve communities.

Contact Information