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Royal Neighbors Single Premium Whole Life (SPWL)

Posted by www.psmbrokerage.com Admin on Tue, Apr 16, 2024 @ 03:04 PM

Royal NeighborsRoyal 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.

Call today for details: (800) 998-7715

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