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  Royal Neighbors of America’s Single Premium Whole Life (SPWL) is a product that offers a simple concept for positioning the value of life insurance in a wealth transfer sale. By purchasing SPWL, your clients can increase the amount they leave to their loved ones.
May be suitable for a client where:
- There is a need for life insurance.
- The client has lump sum available.
- The client has established an additional emergency fund.
- Funds have been earmarked for the purpose of transferring wealth to beneficiaries.
- The client is looking to maximize her/his legacy.
Financial needs met by the product:
- Permanent life insurance with a guaranteed death benefit
- Wealth transfer
- A way to increase the funds your clients leave to their beneficiary
Target market:
- Clients ages 45–80 who are looking for a way to protect their life through insurance while maximizing the legacy they leave their loved ones
| Product Features |
Benefits |
| Wealth transfer |
Maximizes the amount your clients leave to their named beneficiaries |
| Guaranteed cash value and death benefit |
It is a guaranteed product |
| One premium payment |
Convenient for clients |
| Accelerated Death Benefit Rider for Critical, Chronic and Terminal Illness |
Owners can access a portion of the death benefit in the event of a
qualifying illness |
| Loan against certificate cash value available |
Owners can access cash value in an emergency |
Underwriting based on Net Amount at Risk
(NAR = Face Amount – Single Premium Payment) |
Simplified underwriting process at specified NAR levels |
#1 Riders not available in all states. See also the “Available Rider” section.
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