Jet Term Life Insurance

Why Jet Term?

The most budget-friendly type of life insurance, term insurance is often the first step for clients looking to protect the financial future of their families. Jet Term Life insurance from Royal Neighbors of America provides lower premium coverage at a fixed premium amount for 15 years, 20 years, or 30 years. In the event of an untimely death, your clients will know the financial security of their loved ones is protected along with the ability to maintain their standard of living. Clients can get insurance coverage the same day as approval through the use of our Jet e-App.

"Important - Jet Term can only be taken by e-application"

Jet Term Simplified Issue Term

Product Profile

Level Premium Term to Age 95 • Certificate can be issued for 15-year, 20-year or 30-year level premium periods. • Premiums remain level until the end of the level premium period; default to Annual Renewal Term (ART) to age 95 following level premium period.

Issue Ages

Jet Term Life 15 – issue ages 18–65
Jet Term Life 20 – issue ages 18–60
Jet Term Life 30 – issue ages 18–50

Face Amounts

$50,000 minimum
$2,500,000 pre-approved maximum (subject to underwriting and reinsurance restrictions)
$2,500,001 - $5,000,000 needs approval from reinsurer

Conversion

Your clients can choose to convert their Royal Neighbors Jet Term Life certificate into any

Royal Neighbors permanent coverage.

Risk Classes

Super Preferred Non Tobacco, Preferred Non Tobacco, Preferred Tobacco, Standard Non Tobacco, Standard Tobacco, Substandard 1 and Substandard 2

Underwriting Guidelines

Riders

Accelerated Death Benefit Riders for Critical, Chronic, and Terminal Illnesses

Available only at issue; must be elected at the time of application
Rider may not be available in all states or may have certain restrictions. Check the Product Approval Chart for state availability
Allows access to part of the death benefit while still alive if the insured is diagnosed with a qualifying critical, chronic or terminal illness
- Critical Illness Rider: Minimum benefit is $2,500, maximum is 25% of death benefit up to $100,000
- Chronic Illness Rider: Maximum amount of acceleration is 80% of death benefit up to $400,000
- Terminal: Maximum amount of acceleration is 90% of death benefit up to $450,000
Benefits will be reduced by an administrative fee, actuarial discount, and certificate loans
Available for no additional premium

Total Disability Waiver of Premium Rider

Issue ages 18-55
Expires on anniversary at which insured reaches age 60
90-day elimination period
Waives premiums on all riders
Available for an additional premium

Accidental Death Benefit Rider

Issue ages 18–55
Expires on anniversary at which insured reaches age 60
Accidental Death Benefit amounts $10,000 to $300,000
Available for an additional premium

Child Term Rider

Issue ages 18–55
Covers all children ($5,000 benefit) in family
Available for an additional premium

Promise Plus (Cancer Waiver Rider)

Issue ages 18–55
Expires on anniversary at which insured reaches age 60
Waives premiums for two years
Available for an additional premium

Guaranteed Insurability Rider

Issue ages 18–45
Increases allowed at ages 18, 25, 28, 31, 34, 37, 40, 45, 50, 55 and 60
Life events that allow an increase are purchasing a home, marriage and birth/adoption of a child before age 65
Any one increase is $25,000
Maximum lifetime total increase is $100,000
Available for an additional premium

Click on the images to view the documents