Royal Neighbors of America

Celebrating
more than
250,000 members!

Insurance with a Difference℠

About Royal Neighbors

Insuring Lives
Royal Neighbors is a different kind of insurance organization. We're financially strong, stable, and have an A Rating from AM Best^#2. We protect our members financially with easy to understand life insurance and annuity products. But, there’s so much more to Royal Neighbors.

Supporting Women
We were founded in 1895 by nine strong women, as a mission-driven, fraternal benefit society. Our founders realized that in families, both men and women needed insurance protection. So, Royal Neighbors was one of the first to offer life insurance to women. Today, we are a successful business dedicated to empowering women and local communities through volunteerism.

Serving Communities
Being socially-conscious isn’t new for Royal Neighbors. Through our chapter system, Royal Neighbors members have been volunteering and doing good things in their local communities for more than 125 years. Through our programs, we help stimulate volunteerism in the neighborhoods where our members live, work, and play. We continue to honor our tradition of empowering women and girls.

What does this mean for you?
By choosing Royal Neighbors, you’re getting strong and stable insurance protection. You’re getting coverage that’s right for you through easy to understand products. And, you can feel good knowing you’re supporting a mission driven organization that empowers women and local communities.

Find out more about our products.

Making a Difference

^#1Member savings are provided at the discretion of Royal Neighbors of America and are not available in all states. Member savings opportunities are available at no extra cost and administered by a third party.
^#2As of November 17, 2022, Royal Neighbors is rated A Excellent (3rd highest out of 13) by the AM Best Company for overall financial strength and ability to meet ongoing obligations to certificate holders. For the latest Best’s Credit Rating, access ambest.com.

MY INSURANCE CALCULATIONS

The calculations contained within this calculator are specific to Royal Neighbors of America. It is intended to estimate an amount of life insurance coverage if death occurred in the near future. It is not a recommendation for specific coverage amounts. Your financial needs may differ from the estimates. Royal Neighbors does not guarantee that the amount illustrated here will meet your financial needs. You are responsible for selecting the appropriate amount of coverage. To evaluate your specific needs, please contact Royal Neighbors directly at (866) 845-6665.

Needs

Immediate Needs N/A
Mortgage Amount: N/A
Other Debts: N/A
Funeral Expenses:N/A
Long-term Needs N/A
College Costs: N/A
Total Income:N/A
Total Needs N/A

Resources

Immediate Resources N/A
Investment Assets N/A
Life Insurance Proceeds N/A
Long-term Resources N/A
Partner's Earnings N/A
Social Security N/A
Total Resources N/A

Additional Life Insurance Needed

Your total needs minus your total resources means you need N/A

Income Replacement Estimate

This chart estimates how much life insurance your loved ones may need to replace your income and maintain their current standard of living. Your dependents may be eligible to collect Social Security income benefits, which are included in the calculation below. The “Insurance Needed” column does not include financial needs such as paying off debt or paying for college.

Years to Display

Year	Partner Age	Partner Income	S.S. Income	Available Income	Desired Income	Surplus/Shortfall	Available Resources	Insurance Needed

Calculations include your answers to the previous questions, in addition to the following: 3% investment return; 2.6% anticipated inflation rate; $8,500 for funeral expenses which is based on the national median cost for an adult funeral in 2014 according to the National Funeral Directors Association1; 75% of your annual combined income for desired annual income needs; and 15 years for the number of years’ income needed or the calculation of the number of years it will take your youngest child to complete higher education, whichever is greater. Social Security benefits were factored based on the age of your youngest children (up to 4). Immediate needs include your mortgage, other debts, and $8,500 for funeral expenses.

College cost estimates are based on the following parameters (based on data provided by [College Board] . The inflation rate for college costs (5.48% annually) is based on the Bureau of Labor and Statistics Consumer Pricing Index average from January 1996-June 2016. This rate will factor into college cost assumptions for future years, adjusted annually.

Amount for community college: 2 years @ $3,435/year (tuition and fees only)
Amount for public university: 4 years @ $19,548/year (tuition, fees, room and board)
Amount for private university: 4 years @ $43,921/year (tuition, fees, room and board)

¹ “The national median cost of a funeral with viewing and burial for calendar year 2014 was $7,181. If a vault is included, something that is typically required by a cemetery, the median cost is $8,508. The cost does not take into account cemetery, monument or marker costs or miscellaneous cash-advance charges, such as for flowers or an obituary.” http://www.nfda.org/news/statistics

The specified form no longer exists or is currently unpublished.