Royal London
life insurance review

Royal London offers the choice to claim cashback on your life insurance via websites such as quidco.com and topcashback.co.uk.

However, it’s important to note that how much money you could get back from taking out a life insurance policy should not be the priority.

Obtaining affordable cover that meets your needs to protect your loved ones is what’s most important.

With level term life insurance, the lump sum pay out remains the same (or level) throughout the lifetime of the policy.

This means that no matter when you pass away your loved ones will receive the amount that was agreed when you first took out your policy.

You’ll be covered for a specific period of time (the term) and a pay out will only be made if you pass away within the term.

If you don’t pass away within the term, your policy will expire and no pay out will be made.

As with other providers used by Reassured, terminal illness cover will be included in your policy.

Level term cover from Royal London can be purchased from just £7 a month (23p a day).

Although, at Reassured we can arrange cover elsewhere from as little as 20p-a-day.

To secure a great deal on level term life insurance, call Reassured today.

Whole of life insurance is a form of life assurance as it provides you with lifetime cover.

Therefore, it guarantees a pay out to your loved ones when you pass away.

Whole of life insurance is an ideal option for those who are wanting to leave an inheritance for their family.

Unfortunately, whole of life cover from Royal London is only available to purchase through an independent financial advisor.

However, you could use an FCA regulated broker, like Reassured, to compare multiple whole of life policies from alternative providers to ensure you’re getting the best deal

Those over 60 are guaranteed cover in the form of an over 50s plan.

Anyone in the UK aged 50 – 80 can take out a Royal London over 50s plan with no medical information required.

Royal London provides specialist insurance for those who suffer from type 1 and type 2 diabetes.

Diabetes sufferers can often struggle to obtain life insurance with standard premiums due to the higher risk that they pose.

With Royal London Diabetes insurance, the monthly premium will never increase and you’ll be rewarded with reductions in premiums if your condition gets better.

You’ll also benefit from Helping Hand, a help and advice service.

To understand your options for obtaining life insurance if you suffer from diabetes, read our diabetes life insurance page or contact our team today.

Royal London offer the ability to take out all of their life insurance policies (excluding over 50s plans) on a joint basis.

Joint life insurance covers two lives simultaneously (sometimes referred to as couples life insurance).

You’ll fill out one application form, have one contract and pay one premium each month.

This means there will only be one pay out (usually after the first death).

Once the pay out has been made the surviving partner will need to find new cover for the remainder of their life.

To determine if joint life insurance is the right solution to suit your needs, contact our team today for all the information you need to make an informed decision.

When you take out critical illness cover with Royal London you also have the option to cover your children as well as yourself.

It can be added to or removed from your policy at any time and if you make a claim for your child it will not affect your cover.

This can be added on to a Royal London life insurance policy.

A waiver of premiums means that you don’t have to worry about your monthly payments if you become unwell, unable to work and unable to pay your premiums.

Royal London will pay your premiums for you. You can choose to defer your payments for a period of your choice (up to 52 weeks) after this Royal London will pay your premiums.

Royal London level term cover can be taken out for just £7 a month.

Over 50s premiums can be reduced to as little as £3.95 a month, although your pay out amount will be adjusted accordingly.

Typically the price paid for life insurance will differ between people as everyone has different needs.

To compare life insurance from other UK leading insurance providers, you can use an impartial FCA regulated broker service like Reassured.

Whoever is making the claim will also need to provide contact details so they can be notified if any other information is required.

In some cases Royal London will send a claims form which will need to be completed and sent back to them.

You can make a claim by calling 0345 266 5400.

In 2018, Royal London paid out 99% of claims helping more than 38,000 customers^[1].

This means that it’s highly likely that a claim will be successful if the worst were to happen.

Royal London will only not pay out if your premiums are not up to date, a non-disclosure is found, your term has finished or your claim doesn’t meet the definitions stated in your plan.

Royal London has been protecting families for over 150 years and have built up a good reputation in the financial services world.

They have a range of cover options to suit a variety of needs and have been rated 71% in overall customer satisfaction^[2].

To find out if Royal London is the best option for you it’s a wise idea to compare quotes to see if you’re getting the best deal.

[1] https://www.royallondon.com/media/press-releases/2019/june/more-than-half-a-billion-paid-out-in-claims-by-royal-london/

[2] http://www.fairerfinance.com/ratings/customer-experience-ratings/life-insurance