Royal Neighbors Life Insurance Review (2024)

Royal Neighbors of America is a nonprofit life insurance company with an "A-" A.M. Best rating and "A+" rating under the Better Business Bureau. Although Royal Neighbors life insurance quotes are private, the Royal Neighbors says life insurance policies are about $25 per month. However, Royal Neighbors life insurance rates vary for each woman.

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Oct 3, 2023

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Company Details
Address: 230 16th Street
City: Rock Island
State: IL
ZIP Code: 61201
Phone Number: 309-788-4561
Year Founded: 1895
AM Best Rating: A
URL where was collected the AM Best Rating:
Lines of Insurance: Life Insurance and Annuities
States Licensed To Sell Insurance In: AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
Type of Insurance Company: Life Insurance Company
Top executive Contact: Cynthia Tidwell
Title of Top executive: President & CEO
Assets & Premiums:

Total Assets: $1.11 Billion / Direct Premiums Written & Deposit-Type Contracts: $146.87 Million

Company Rating 0 (0 reviews)

Royal Neighbors of America focuses on life insurance policies and annuities for women. The Illinois-based nonprofit insurance company is one of the few providers in the United States focused on women.

How much are Royal Neighbor life insurance quotes?

Learn this and more in our Royal Neighbors of America life insurance review. This guide explains the various products that are available at Royal Neighbors of America, third-party ratings, and other critical information that can help you make a clear decision.

Before you jump into our Royal Neighbors life insurance review, use our free online quote tool above to compare the best companies in your area.

What insurance products are available at Royal Neighbors of America?

Royal Neighbors provides several types of annuities and life insurance policies. Here’s a list of insurance products you can purchase:

  • Flexible-Premium Deferred Annuity
  • Fixed Annuity
  • Single-Premium Deferred Annuity
  • Single-Premium Immediate Annuity
  • Whole Life and Youth Whole Life
  • Single-Premium Whole Life
  • Simplified-Issue Whole Life
  • Term Life

Single-premium annuities and life insurance policies require a lump sum payment. However, annuities that need a larger sum of money will start lifetime investments.

If you want to save money on life insurance products, consider term life insurance.

Annuities are relevant to estate planning, so look into your area’s estate planning laws to learn more about how beneficiaries receive benefits after you pass away.

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How much are Royal Neighbors life insurance rates?

Life insurance rates vary for each person. Therefore, your life insurance and annuity costs every month are based on your age, health, and the coverage amount you need.

Royal Neighbors’ life insurance quotes are private, but the Royal Neighbors website says life insurance policies are about $25 per month.

Since Royal Neighbors of America has private quotes, you’ll need to contact a Royal Neighbors experienced agent to see if you can get an affordable Royal Neighbors life insurance policy.

Call Royal Neighbors of America at 1-800-627-4762 to get a reliable Royal Neighbors quote. You can also contact them to file a claim.

Is Royal Neighbors of America a good company?

According to Business Wire, Royal Neighbors Life Insurance Company has an A- rating with A.M. Best. That’s pretty good for a nonprofit organization.

In addition to its third-best financial standing, Royal Neighbors has a strong credit rating, making it a viable investment choice.

Royal Neighbors of America has accreditation with the Better Business Bureau (BBB) and currently carries an A+ rating and a customer review rating close to average.

In the past three years, Royal Neighbors had eight complaints, and two of them have been resolved in the last year.

What is Royal Neighbors of America History?

The Royal Neighbors of America company is a nonprofit organization that’s one of the largest women-led insurance companies in the United States. It was established in 1895 by eight women in Rock Island, Illinois.

Royal Neighbors’ first location was in Peoria, Illinois. By 1931, the Royal Neighbors of America opened a national base in Davenport, Iowa. However, the Davenport location was closed in 2004.

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day, Royal Neighbors of America earns over $140 million in premiums and has over $1 billion in total assets.

The Royal Neighbors agent login allows employees to connect faster, and customers can get service any time of the day or night through the Royal Neighbors’ website.

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Seamless Claims Process With Royal Neighbors Life Insurance

Ease of Filing a Claim

Royal Neighbors of America offers multiple convenient methods for filing insurance claims. Customers can choose to file a claim online through the company’s website, over the phone by contacting their dedicated customer service line, or even through the Royal Neighbors mobile app.

This flexibility ensures that policyholders can select the most convenient option for their needs, whether they prefer digital interactions or more traditional methods.

Average Claim Processing Time

One of the key factors in evaluating an insurance provider is the speed at which claims are processed and settled. While specific processing times may vary depending on the complexity of the claim, Royal Neighbors of America is committed to efficient claim handling.

Policyholders can typically expect a reasonable and timely resolution to their claims. However, exact processing times may depend on the specific details of each case.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback plays a vital role in assessing the overall performance of an insurance company. Royal Neighbors of America has garnered feedback from policyholders regarding their claim resolutions and payouts.

While individual experiences may differ, the company’s commitment to customer satisfaction is reflected in its efforts to promptly address claims and ensure policyholders receive fair and appropriate payouts.

Exploring Royal Neighbors Life Insurance Cutting-Edge Digital and Technological Features

Mobile App Features and Functionality

Royal Neighbors of America offers a user-friendly mobile app that enhances the customer experience. The app provides various features and functionalities, including the ability to access policy information, make premium payments, and file claims directly from a mobile device.

Additionally, the app may offer tools for policy management, such as updating contact information and beneficiary details, making it a convenient and efficient way for policyholders to interact with the company.

Online Account Management Capabilities

Policyholders have access to robust online account management capabilities through the Royal Neighbors website. These features allow customers to view and manage their policies, review payment history, and access important documents and forms. The online portal offers a secure and convenient platform for policyholders to stay informed and in control of their insurance accounts.

Digital Tools and Resources

Royal Neighbors of America provides a range of digital tools and resources designed to empower policyholders with knowledge and information. These resources may include educational materials, calculators, and guides that help customers make informed decisions about their insurance needs.

By offering a wealth of digital resources, Royal Neighbors supports its commitment to transparency and customer education.

Royal Neighbors: What’s the bottom line?

Getting the right life insurance policy is critical to estate planning. Before you buy Royal Neighbors’ life insurance, think about what the company offers and how much it’ll cost.

Royal Neighbors of America has excellent financial strength ratings and average customer reviews, so it’s a reliable company based on the reviews. The best way to know what your options are is to contact Royal Neighbors.

Or you can use our free comparison tool below to compare the best companies in your area if you’re not confident in Royal Neighbors of America.

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