FAQs: Royal Neighbors of America vs. United of Omaha Life Insurance

What types of life insurance do Royal Neighbors of America and United of Omaha offer?

Royal Neighbors offers simplified issue whole life, graded benefit whole life, term life, and single premium whole life insurance. United of Omaha provides term life, universal life, and whole life insurance, including guaranteed acceptance whole life policies for seniors.

Who is eligible for final expense or burial insurance from these companies?

Royal Neighbors’ final expense plan is available to seniors ages 50–80, with coverage amounts from $7,000 to $30,000. United of Omaha’s guaranteed acceptance whole life is available for applicants ages 45–85, with coverage up to $25,000.

Are medical exams required for these policies?

No. Both Royal Neighbors and United of Omaha offer policies that do not require a medical exam. Royal Neighbors’ simplified issue policies require you to answer some health questions, while United of Omaha’s guaranteed acceptance policy requires no health questions at all.

What is a graded death benefit and how does it work?

A graded death benefit means that if the insured dies from natural causes within the first two years, the beneficiary receives a return of premiums paid plus interest (usually 10%). After two years, the full death benefit is paid. This applies to United of Omaha’s guaranteed acceptance policy and Royal Neighbors’ graded plans.

What riders are available?

Royal Neighbors includes a built-in terminal illness rider (up to 75% of the payout if diagnosed with a terminal illness) and offers an optional accidental death rider that can double the payout for accidental death. United of Omaha’s policies may include spousal coverage and other standard riders depending on the product.

Are these policies available nationwide?

United of Omaha’s guaranteed acceptance life insurance is available in most states. Royal Neighbors’ simplified issue plan is not available in several states, and the graded plan is only available in Connecticut, Florida, and North Dakota.

How are premiums determined?

Premiums for both companies are based on factors like age, gender, health, state, and smoking status. Royal Neighbors’ rates for ages 50–60 are about 30% higher than some competitors, but become more competitive after age 60.

What are the main member benefits with Royal Neighbors?

As a fraternal society, Royal Neighbors offers members additional benefits such as discounts on medical and travel services, scholarships, and community programs. Membership is required to purchase a policy, but may be free with application.

How fast is the claims process?

United of Omaha pays the majority of claims within 24 hours after receiving all required documentation. Royal Neighbors is also known for quick claims processing and positive customer reviews.

What if I have health issues—can I still qualify?

Both companies are known for lenient underwriting. Royal Neighbors is diabetic-friendly and does not consider height and weight for approval. If you cannot qualify for immediate coverage, you may still be eligible for a graded benefit policy.