Royal Arcanum Life Insurance Review (Top Carrier)

Royal Arcanum Life Insurance Review (Top Carrier)

September 27, 20238 min read

If you're in the market for a reliable and comprehensive life insurance provider, Royal Arcanum is a name you'll want to consider. With over 140 years of experience in the industry, this fraternal organization has been dedicated to providing moral, material, and financial support to its members and their families.

In this in-depth review, we'll explore the various insurance products and services offered by Royal Arcanum, including their final expense life insurance, simplified issue whole life, graded benefit plans, and more. We'll also delve into the application process, rates, and the unique fraternal benefits that set Royal Arcanum apart from other insurance providers.

2023 Royal Arcanum Life Insurance Review (Top Carrier)

Whether you're looking to secure your family's financial future or explore educational loan and scholarship opportunities, Royal Arcanum has a wide range of offerings to suit your needs. So, let's dive in and discover why this carrier is considered a top choice for life insurance and fraternal benefits.

About Royal Arcanum

Royal Arcanum is a fraternal benefit society founded in 1877 with the primary purpose of providing moral, material, and financial assistance to its members. The organization's mission is to foster a sense of community, patriotism, and brotherhood among its members, while also offering a variety of insurance products and fraternal benefits.

One of the core principles of Royal Arcanum is the belief that no act of kindness, no matter how small, is ever wasted. This sentiment is reflected in the organization's commitment to supporting its members and their families, not just through insurance coverage, but also through educational, social, and community-based initiatives.

Over the course of its 140-plus year history, Royal Arcanum has grown to become one of the most respected and trusted insurance providers in the industry. With a strong financial foundation and a commitment to ethical business practices, the organization has consistently received high ratings from leading industry organizations, further solidifying its reputation as a top carrier.

Life Insurance Products

Final Expense Life Insurance

One of the key offerings from Royal Arcanum is their final expense life insurance. This type of policy is designed to help cover the costs associated with end-of-life expenses, such as funeral and burial costs, ensuring that your loved ones are not burdened with these financial obligations during a difficult time.

Royal Arcanum's final expense life insurance policies are available to its members and provide a modest coverage amount to ease the financial burden on families. While the specific policy details may vary, the coverage typically ranges from $2,500 to $50,000, depending on the member's age and health status.

Simplified Issue Whole Life Insurance

In addition to their final expense coverage, Royal Arcanum also offers a Simplified Issue Whole Life Insurance product. This plan features highly competitive rates, accommodating underwriting, and a straightforward application process, making it an attractive option for individuals who may not qualify for traditional life insurance policies.

The key features of Royal Arcanum's Simplified Issue Whole Life Insurance include:

  • Death benefit that never diminishes and premiums that never increase

  • Coverage available for individuals aged 20 to 85, with a minimum face amount of $50,000 (ages 20-69) and $25,000 (ages 70-85)

  • Maximum face amount of $100,000

  • Ability to obtain coverage without a medical exam, with only 7 health-related questions required

Graded Benefit Plan

For those with pre-existing medical conditions, Royal Arcanum offers a Graded Benefit Plan, which is one of the top-rated graded whole life insurance products in the industry. This plan requires applicants to answer only two questions to qualify, making it a viable option for individuals who may not be eligible for traditional life insurance coverage.

The key features of the Royal Arcanum Graded Benefit Plan include:

  • Return of all premiums paid, plus 4.5% interest, during the first certificate year

  • 25% of the death benefit paid during the second certificate year

  • 100% of the death benefit paid beginning in the third certificate year

  • Coverage available for individuals aged 45 to 85 (50 to 75 in New York), with face amounts ranging from $2,500 to $15,000 (up to $25,000 in New York)

  • No medical exam required

Rates and Premiums

When it comes to life insurance rates, Royal Arcanum offers competitive pricing, especially for their final expense coverage. To provide you with a better understanding of the potential costs, let's take a look at some sample rates for a $10,000 insurance policy:

Male Final Expense Rates (Under $10,000):

  • Age 50: $32.11 per month

  • Age 60: $46.67 per month

  • Age 70: $76.62 per month

  • Age 80: $138.14 per month

Female Final Expense Rates (Under $10,000):

  • Age 50: $26.90 per month

  • Age 60: $38.92 per month

  • Age 70: $62.90 per month

  • Age 80: $105.11 per month

Remember, these are just sample rates, and the actual premiums you'll pay may vary depending on factors such as your age, health status, and the coverage amount you choose. It's always best to contact Royal Arcanum directly to get a personalized quote based on your specific needs and circumstances.

Application Process

The application process for Royal Arcanum's life insurance products is straightforward and typically involves the following steps:

  1. Confirm Eligibility: Applicants must ensure they meet the organization's eligibility criteria, which may include age and health requirements.

  2. Obtain Application: Interested individuals can request an application package from Royal Arcanum through their website, by phone, or by contacting a local chapter.

  3. Complete Application: The application form collects personal information, including name, address, contact details, and may inquire about health and lifestyle.

  4. Submit Application: Once the form is completed, it must be submitted to Royal Arcanum through the designated channels, such as by mail or online.

  5. Underwriting and Review: The application is then reviewed and, if necessary, underwritten to determine eligibility and establish premium rates.

  6. Membership Confirmation: Upon approval, applicants will receive confirmation of their membership status, which includes details about their coverage and instructions for premium payments.

It's important to note that the specific application requirements and processes may vary depending on the type of insurance or membership sought, and any updates or changes introduced by Royal Arcanum. Therefore, it's advisable to contact the organization directly or visit their official website for the most current and accurate information.

2023 Royal Arcanum Life Insurance Review (Top Carrier)

Additional Insurance Products and Services

In addition to their life insurance offerings, Royal Arcanum provides a range of other insurance products and services to its members, including:

Annuities Royal Arcanum offers a variety of annuity products that can provide members with a stable source of income during retirement. These annuities can help bridge the gap between savings and retirement income, ensuring a more secure financial future.

Educational Loans and Scholarship Programs Royal Arcanum recognizes the importance of education and offers both educational loans and scholarship programs to help members and their families with the costs of higher education. The organization provides a variety of scholarship opportunities, ranging from $250 grants to $20,000 scholarships for orphans.

These programs not only provide financial assistance but also demonstrate Royal Arcanum's commitment to supporting the personal and professional development of its members.

Fraternal Benefits and Community Involvement

Beyond its insurance products, Royal Arcanum is known for its strong fraternal culture and commitment to community service. As a fraternal benefit society, the organization provides a wide range of benefits and opportunities for its members, including:

Moral and Material Aid Royal Arcanum is dedicated to providing moral and material assistance to its members, ensuring they have the support they need during challenging times. This can include financial aid, as well as guidance and resources to help members and their families overcome obstacles.

Intellectual, Moral, and Social Education The organization places a strong emphasis on the intellectual, moral, and social development of its members, offering educational programs, social events, and opportunities for personal growth.

Community Involvement Royal Arcanum is actively involved in the communities it serves, providing grants, scholarships, and other forms of support to local organizations and initiatives. This commitment to community service is a core part of the organization's identity and values.

Ratings and Financial Strength

Royal Arcanum has consistently received high ratings from industry-leading organizations, demonstrating the organization's financial stability and commitment to delivering on its promises to members.

For example, Royal Arcanum has earned an A.M. Best rating of A- (Excellent), which reflects the organization's strong financial position, underwriting practices, and overall operational performance. This rating is a testament to Royal Arcanum's ability to reliably provide the insurance and fraternal benefits it offers to its members.

Additionally, Royal Arcanum's strong financial foundation is bolstered by its adherence to ethical business practices and its focus on maintaining a diversified investment portfolio. These factors contribute to the organization's long-term sustainability and the confidence its members can have in the security of their insurance coverage and fraternal benefits.


In conclusion, Royal Arcanum is a top-tier life insurance provider and fraternal benefit society that has been serving its members for over 140 years. Through its comprehensive range of insurance products, including final expense life insurance, simplified issue whole life, and graded benefit plans, Royal Arcanum offers financial protection and peace of mind to individuals and families.

Beyond its insurance offerings, Royal Arcanum's commitment to its members' well-being, educational and personal development, and community involvement sets it apart as a truly unique and valuable organization. With competitive rates, straightforward application processes, and a strong financial foundation, Royal Arcanum is a carrier worth considering for those seeking life insurance and fraternal benefits.

If you're in the market for a reliable and trustworthy life insurance provider that also offers a rich fraternal experience, Royal Arcanum is undoubtedly a strong contender. Take the time to explore the organization's offerings, speak with their representatives, and see how their products and services can meet your specific needs and those of your loved ones.

Royal Arcanum Life Insurance Top Carrier Review
Back to Blog

Evaluate quotes from leading insurance providers

Compare quotes from top insurance carriers

1 E. Erie St. Suite 525,

Chicago, IL 60611

Monday – Friday (9am-6pm)

Saturday (10am- 6pm)

Sunday (By Appointment)

1 E Erie St ste 525 unit, Chicago, IL 60611, USA

This site provides life insurance information and quotes. Each rate shown is a quote based on information provided by the carrier. No portion of may be copied, published or distributed in any manner for any purpose without prior written authorization of the owner.

Copyright © 2008-2024 - All rights reserved