Royal Neighbors of America respects your right to opt out of its sharing of your information with non-affiliated third parties for marketing purposes.
Please understand that we will still mail insurance or annuity policy information to you as long as you have an in-force policy with Royal Neighbors of America. Royal Neighbors of America may still share your name, address and telephone number, Social Security number [for tax-reporting and identification purposes], the existence of your products, services or benefits, and data about you as needed by our fraternal operations.
Should you still choose to opt out of the sharing of your information for certain marketing activities please indicate your choices below:
I would like my name removed from your internal marketing lists. (Royal Neighbors of America’s regular service mailings may still contain marketing materials.)
Do not share data about me with non-affiliated third parties with which Royal Neighbors of America has a joint marketing agreement. (Royal Neighbors may still provide data to third parties for the policy servicing and administration or about your transactions for our everyday business purposes.)
This opt out choice will be effective until you choose to opt back in. We will not ask you to opt back in until at least 12 months has passed from the date you sign below.
Printed Name (First, Middle Initial & Last) and Address
Please return this form to:
Royal Neighbors of America
230 16th St.
Rock Island, IL 61201
a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).
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.
|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.
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