Royal Neighbors of America, Illinois: Overview, Services, Finances, Coverages, Claims, Reviews

If you are looking for a reliable and reputable insurance company that caters to the needs of women, you might want to consider Royal Neighbors of America, or RNA for short.

RNA is a nonprofit fraternal benefit society that offers a range of life insurance products, annuities and individual retirement accounts.

It also provides various benefits and services to its members, such as scholarships, grants, discounts and community programs.

an image illustration of Royal Neighbors of America
Royal Neighbors of America, Illinois

In this blog post, we will review some of the key aspects of RNA, such as its history, products, financial details, coverage and customer experiences.

Royal Neighbors of America Company Details

RNA was founded in 1895 by a group of nine Illinois women who wanted to create a women-led organization that would provide financial protection and social support to its members.

At the time, women did not have the right to vote, few were educated and even fewer owned property.

RNA was one of the first insurance companies to offer coverage to women at the same rates as men, and to cover women in hazardous occupations, such as nurses and teachers.

RNA also played an active role in supporting various social causes, such as women’s suffrage, child labor laws and public health initiatives.

Today, RNA is headquartered in Rock Island, Illinois, and has over 200,000 members across the United States.

Its CEO is Cynthia Tidwell, who leads a team of experienced and dedicated professionals.

According to its website, RNA has over $1 billion in assets and $3 billion of life insurance in force.

It also has an A rating from AM Best, which indicates its strong financial stability and ability to meet its obligations to its policyholders.

Royal Neighbors of America Basic Information

Here is a table that summarizes some of the basic information about RNA:

Category Information
Phone Number (800) 627-4762
Address 230 16th St, Rock Island, IL 61201
Customer Service Contact service@royalneighbors.org
Policy Details policy@royalneighbors.org
Email Address info@royalneighbors.org
Fax Number (309) 788-0415
Operating Hours Monday – Friday: 8:00 AM – 5:00 PM (Central Time)

 

Royal Neighbors of America Services & Products

RNA offers a variety of insurance products for different needs and stages of life.

Some of the main types of insurance that RNA offers are:

  • life insurance: RNA provides term life, whole life and universal life insurance policies that can help you protect your loved ones in case of your death. You can choose from different coverage amounts, premium rates and payment options. You can also customize your policy with optional riders, such as accidental death benefit, waiver of premium and accelerated living benefit.
  • Annuities: RNA offers fixed annuities that can help you save for retirement or supplement your income. An annuity is a contract that guarantees you a series of payments in exchange for a lump sum or periodic payments. You can choose from different annuity options, such as immediate or deferred, single or joint life, and fixed or variable interest rate.
  • Individual Retirement Accounts (IRAs): RNA offers traditional and Roth IRAs that can help you save for retirement with tax advantages. An IRA is a personal savings account that allows you to invest your money in various assets, such as stocks, bonds or mutual funds. You can contribute up to a certain limit each year, depending on your age and income. You can also rollover your existing IRA or 401(k) from another provider to RNA.

Royal Neighbors of America Financial Details

One of the important factors to consider when choosing an insurance company is its financial details, such as premium costs, payment options and discounts.

  • Premium Costs: The premium cost is the amount of money that you pay for your insurance policy. The premium cost depends on various factors, such as the type and amount of coverage, your age, health, lifestyle and other risk factors. RNA strives to offer competitive and affordable premium rates for its products. You can get a free quote online or by contacting RNA’s customer service team.
  • Payment Options: The payment option is the way that you pay for your premium. RNA offers flexible and convenient payment options for its products. You can choose to pay your premium monthly, quarterly, semi-annually or annually. You can also choose to pay your premium by check, money order, credit card, debit card, electronic funds transfer or automatic bank draft.
  • Discounts and Promotional Offers: RNA offers various discounts and promotional offers for its products and services. Some of the discounts include multi-policy discount, loyalty discount, family discount and more. Some of the promotional offers include referral bonus, welcome gift, anniversary gift and more. You can contact RNA’s customer service team to find out more about the current discounts and offers that are available for you.

RNA also has a high claim payout ratio, which means that it pays a large percentage of its premium income to its policyholders as claims. According to its website, RNA paid over $46 million in claims and benefits to its members in 2019.

Royal Neighbors of America Coverage Details

Another important factor to consider when choosing an insurance company is its coverage details, such as policy exclusions, coverage limits and add-ons.

  • Policy Exclusions: Policy exclusions are the situations or events that are not covered by your insurance policy. For example, some common exclusions for life insurance are suicide, war, illegal activities and pre-existing conditions. You should read your policy carefully and understand what is covered and what is not covered by your policy. You should also contact RNA’s customer service team if you have any questions or concerns about your policy exclusions.
  • Coverage Limits: Coverage limits are the maximum amounts that your insurance policy will pay for a claim. For example, some common coverage limits for life insurance are the face value of your policy, the cash value of your policy and the maximum benefit amount. You should choose a coverage limit that meets your needs and goals. You should also review your coverage limit periodically and adjust it if necessary.
  • Add-ons or Riders: Add-ons or riders are optional features that you can add to your insurance policy to enhance or customize your coverage. For example, some common add-ons or riders for life insurance are accidental death benefit, waiver of premium and accelerated living benefit. You should consider adding an add-on or rider if it suits your situation and budget. You should also contact RNA’s customer service team if you want to add or remove an add-on or rider from your policy.

Royal Neighbors of America Claims

Claims are the requests that you make to your insurance company when you experience a loss or event that is covered by your policy.

For example, if you die while having a life insurance policy with RNA, your beneficiary can make a claim to receive the death benefit from RNA.

The claim process is the steps that you need to follow to make a claim with RNA.

The claim process may vary depending on the type of product and the type of claim.

However, some general steps that you need to follow are:

  • Notify RNA as soon as possible after the loss or event occurs. You can contact RNA’s customer service team by phone, email or mail.
  • Complete and submit the required claim forms and documents to RNA. You can download the claim forms from RNA’s website or request them from RNA’s customer service team. Some of the required documents may include death certificate, medical records, police report and proof of identity.
  • Wait for RNA to review and approve your claim. RNA will verify the information and documents that you provided and determine whether your claim is valid and eligible. RNA will also notify you of the status and outcome of your claim.
  • Receive your claim payment from RNA. If your claim is approved, RNA will pay you or your beneficiary the amount that you are entitled to according to your policy terms and conditions.

The average claim approval time is the time that it takes for RNA to review and approve your claim after receiving all the required forms and documents from you. The average claim approval time may vary depending on the type of product and the type of claim. However, according to its website, RNA aims to process most claims within 10 business days.

Royal Neighbors of America Customer Experiences

According to its website , RNA has received many positive reviews and ratings from its customers, who appreciate its mission, values, products, services and benefits.

FAQs

  • Q: How do I become a member of RNA?
  • A: You can become a member of RNA by purchasing one of its insurance products or annuities. You can also become a member by joining one of its chapters or participating in one of its programs. You can contact RNA’s customer service team or visit its website to find out more about how to become a member.
  • Q: What are the benefits of being a member of RNA?
  • A: As a member of RNA, you can enjoy various benefits and services that can enhance your well-being and empowerment. Some of the benefits include scholarships, grants, discounts, emergency assistance funds, legal services and more. You can also access various programs and events that can foster your social and civic engagement. You can contact RNA’s customer service team or visit its website to find out more about the benefits of being a member.
  • Q: How do I access my account online?
  • A: You can access your account online by logging in to RNA’s website with your username and password. You can also create an account online if you do not have one yet. You can access your account online to view your policy details, make payments, update your information, download forms and documents, request services and more. You can contact RNA’s customer service team if you need any assistance with accessing your account online.

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