Back in 1895, women couldn't vote and in many states couldn't control their money or own property. Neither they nor children were considered insurable. But RNA's founders believed women have emotional and financial worth. They believed both men and women needed financial protection through insurance. They believed strong women create strong families and then strong communities. So, nine strong women banded together. They didn't just socialize... they mobilized. They formed Royal Neighbors as one of the first carriers to insure women and children.
RNA is a fraternal benefit society, or a membership group. As of November 17, 2022, Royal Neighbors is rated A Excellent (3rd highest out of 13) by the AM Best Company for overall financial strength and ability to meet ongoing obligations to certificate holders.
RNA also has very competitive fixed annuity rates!
State Availability
RNA offers products in the following states:AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD,TN, TX, UT, VA, VT, WA, WI, WV, and WY.
Single Premium Immediate Annuity
Issue Ages
Non-qualified: 16-98 Adult SPIA
21-98 SEP IRA, above 70 1/2 must be rollover money
16-98 IRA SPIA, above 70 1/2 must be rollover money
16-98 Roth SPIA
Maximum annuitant age is 98
Premiums
$5,000 minimum premium
Premium in excess of $300,000 requires Home Office approval
Payout Options
Available monthly, quarterly, semi-annually, and annually; the minimum payment amount is $100 for modes other than annual; payment amount set at issue date – once issued no changes can be made
Individual annuitant Period Certain – 5 to 30 years (ages may be limited on qualified plans)
Individual annuitant Life Income – 10 or 20-year Period Certain
Joint life annuitants – 10 or 20-year Period Certain with 100% or 50% of original payment to joint annuitant
Free-Look Period
20 days (or longer if required by state)
Any money refunded will be based on the money received and does not include any interest
You may also access interest rates on FPDA products using Agent Access and Quick Quote.
Single Premium Deferred Annuity
Issue Ages:
-Choice 3, Choice 5 and Choice 6-
Owner:
16-99 non-qualified
21-85 SEP IRA*
16-85 IRA, above 70 ½ must be rollover or transfer of funds
16-85 Roth IRA*
Annuitant:
0–85 non qualified
*Can accept premiums after age 70 ½ as a qualified contribution
Premiums
-Choice 3-
Minimum Premium: $50,000
Maximum Premium: $300,000 (without prior Home Office approval). To request an exception for premiums greater than $300,000, complete and submit Form 10019.
-Choice 5
Minimum Premium: $10,000
Maximum Premium: $300,000 (without prior Home Office approval). To request an exception for premiums greater than $300,000, complete and submit Form 10019.
If premiums are being transferred from multiple sources, it must be noted on the application. A certificate will not be issued until at least the minimum premium required is received at Home Office (including 1035 exchanges and transfer funds). All premiums must be received within 90 days.
-Choice 6-
Minimum Premium: $5,000
Maximum Premium: $300,000 (without prior Home Office approval). To request an exception for premiums greater than $300,000, complete and submit Form 10019.
If premiums are being transferred from multiple sources, it must be noted on the application. A certificate will not be issued until at least the minimum premium required is received at Home Office (including 1035 exchanges and transfer funds). All premiums must be received within 90 days.
Maturity Date
-Choice 3-
The certificate anniversary after the Annuitant’s 70th birthday or 10 years after issue, whichever is later.
The Owner can elect an optional maturity date later than the above maturity date. If no request is received 30 days prior to the maturity date above, a maturity date of the Annuitant’s age 115 will be automatically selected.
-Choice 5 and Choice 6-
This Certificate matures on the anniversary of the Issue Date after the Annuitant’s 70th birthday, or 10 years after the Issue Date, whichever is later
In Florida, an Optional Maturity Date may be elected by the Owner. At any time while this Certificate is in force, the Owner may select an Optional Maturity Date that is earlier or later than the Original Maturity Date shown on Page 3, but the Optional Maturity Date may not be later than the first Certificate anniversary after the Annuitant’s 115th birthday. If the Owner does not notify Royal Neighbors in writing, at least 31 days prior to the Original Maturity Date, that the Owner has either selected an Optional Maturity Date, or wishes to receive this annuity’s benefit on the Original Maturity Date, it will be assumed that the Owner selected an Optional Maturity Date of the first Certificate anniversary after the Annuitant’s 115th birthday, provided however, that the Owner may subsequently amend the Optional Maturity Date at any time, while this Certificate is in force.
You may also access interest rates on SPDA products using Agent Access and Quick Quote.
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