Yesssssssssssssssssssssssssssssss
New Royal Neighbors Rates
- Thread starter SouthernComfort
- Start date
- 26,170
That is a nice rate. Those are GUL level rates.
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- 26,170
Assuming Dead's numbers are correct. Columbian would be in the $80,000 range. Guessing.
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Which plan is this?
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- 438
Hopefully I can get appointed with UHL. Any company supporting right to work is worth me giving business to.
jdjinsguy
Expert
ok the post was about RNA'S rates.... here is my 2 cents worth.. they were probably a little cheap before raising, but they offer, A very simple app, predictable underwriting, fast commission payment, great trips, member benefits..... that I use and can highly recommend, so In my humble opinion if they raise the avg premium 5 or 6 bucks per month I say great! I just got a raise.. thank you RNA 
- 3,165
ok the post was about RNA'S rates.... here is my 2 cents worth.. they were probably a little cheap before raising, but they offer, A very simple app, predictable underwriting, fast commission payment, great trips, member benefits..... that I use and can highly recommend, so In my humble opinion if they raise the avg premium 5 or 6 bucks per month I say great! I just got a raise.. thank you RNA
But they lowered commissions (least that's what I heard, but I haven't seen anything on commissions) so your "raise" would be negligible. A lot of companies offer what RNA does with regard to fast payouts, quick UW & simple app.
But I'm not writing anyone up with them just to win a trip if it means passing up on several others less expensive policies... And in some cases, their new rates are higher then UHL and Monu or SNL Standard rates. Ouch!
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- 1,930
In some states like Ohio you have to get them to sign a form that states:
ROYAL NEIGHBORS OF AMERICA IS LICENSED TO DO BUSINESS IN THE STATE OF OHIO AS A TAX-EXEMPT, MEMBERSHIP ORGANIZATION. FRATERNAL BENEFIT SOCIETIES ARE NOT INCLUDED IN THE OHIO GUARANTY ASSOCIATION. THIS MEANS THAT FRATERNAL BENEFIT SOCIETIES CANNOT BE ASSESSED FOR THE INSOLVENCY OF OTHER LIFE INSURERS OR OTHER FRATERNAL BENEFIT SOCIETIES. BY LAW, A FRATERNAL BENEFIT SOCIETY IS RESPONSIBLE FOR ITS OWN SOLVENCY. IF THERE IS AN IMPAIRMENT OF RESERVES, A CERTIFICATE HOLDER MAY BE ASSESSED A PROPORTIONATE SHARE OF THE IMPAIRMENT. THIS PROCESS IS DESCRIBED IN THE CERTIFICATE ISSUED BY THE SOCIETY.
ROYAL NEIGHBORS OF AMERICA IS LICENSED TO DO BUSINESS IN THE STATE OF OHIO AS A TAX-EXEMPT, MEMBERSHIP ORGANIZATION. FRATERNAL BENEFIT SOCIETIES ARE NOT INCLUDED IN THE OHIO GUARANTY ASSOCIATION. THIS MEANS THAT FRATERNAL BENEFIT SOCIETIES CANNOT BE ASSESSED FOR THE INSOLVENCY OF OTHER LIFE INSURERS OR OTHER FRATERNAL BENEFIT SOCIETIES. BY LAW, A FRATERNAL BENEFIT SOCIETY IS RESPONSIBLE FOR ITS OWN SOLVENCY. IF THERE IS AN IMPAIRMENT OF RESERVES, A CERTIFICATE HOLDER MAY BE ASSESSED A PROPORTIONATE SHARE OF THE IMPAIRMENT. THIS PROCESS IS DESCRIBED IN THE CERTIFICATE ISSUED BY THE SOCIETY.
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The Maintenance of Reserve clause is why I refuse to write any fraternal company like Royal Neighbors, Foresters, UCT, etc. It probably won't be an issue, but I don't want to be on the other end of things if it does. I'm simply protecting myself against something I hope will never happen. Kind of like talking to a 35 yr old about buying a policy to protect them self from a premature death. Probably won't happen but why would you want to expose yourself to the risk?
