Royal London life insurance

Royal London life insurance is a product offered by the wider Royal London Group who provide a variety of financial services such as pensions, income protection and investments to name a few.

Their life insurance policies are obtainable directly from Royal London, through an independent financial advisor or through an FCA regulated broker.

At Reassured we can't compare Royal London policies. However, we can compare a number of other market leaders to ensure you secure the best deal.

Continue reading our Royal London review to see if they’re the best insurer for you

Royal London life insurance free gift

When you purchase an over 50s policy directly from Royal London, you’re eligible for a free gift card.

After you have paid 8 monthly payments you will be eligible to receive the £120 cash or gift card as long as your monthly premium is at least £7.

While a free gift card is a nice added bonus it shouldn’t be the deciding factor when purchasing life insurance.

What’s more important is finding cover that meets all of your needs for a cost-effective price.

How much life insurance do you need?

Enter your financial commitments to understand the level of cover you require.


£121,687 is the estimated average outstanding mortgage per household in the UK.

Our property is generally the largest financial commitment any of us will make.

Your life insurance should cover this significant debt should you no longer be around.


According to Money Advice Service, full-time childcare in the UK now costs £242 a week.

The loss of a parent could result in the need for additional childcare whilst the surviving parent increases their hours to account for lost income.

Your life insurance cover should factor in this additional required outgoing.


The average level of debt (minus a mortgage) in the UK is £15,385.

Factoring in any outstanding debts in your name when arranging life insurance ensures this burden is not passed to loved ones.


You may wish to leave your loved ones an inheritance or lump sum gift upon your passing.

Factoring in the gift amount when arranging your cover will ensure the pay out amount will be sufficient to provide your loved ones with this selfless gesture.


According to SunLife, the average cost of a UK funeral is now £4,417, whilst the total cost of dying is £9,493.

This is a 130% increase over the past 16 years and shows no signs of slowing down.

A significant cost which should be factored into the amount of life insurance you secure.


If you are one of the 65% of the UK who are lucky enough to have savings, this could be used as protection if you were to pass away.

Any pay outs from existing life insurance policies and investments can also be used as financial protection for your loved ones if you were no longer around.

Factor this into your required cover amount.

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Your total cover estimate

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Royal London life insurance cashback

Royal London offers the choice to claim cashback on your life insurance via websites such as and

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.

Royal London life cover

You can take out any life cover policy from Royal London if you’re a UK resident aged 18 - 70 and are not a member of the armed forces or reserves.

With Royal London, your policy can be as short as 5 years or it can cover you for up to 50 years, however, the cover must end by the time you are 80.

You can get cover of up to £500,000 on a single policy, or a total of £500,000 across all Royal London life insurance policies.

Royal London offer a range of cover options including:

  • Level term life insurance
  • Decreasing term life insurance
  • Whole of life insurance
  • Over 50s plan
  • Family income benefit
  • Diabetes life insurance
  • Funeral plans

At Reassured we can compare the same type of policies with other leading life insurance providers to help you find the best deal.

Level term life insurance

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 term policy.

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.

Decreasing term life insurance

With decreasing term life insurance, the amount paid out reduces throughout the lifetime of your policy.

As with level term you’ll be covered for a specific period of time and a pay out will only be made if you pass away during the term.

If you don’t pass away during the term, no pay out is made and your policy expires.

This type of cover is ideal for paying off a repayment mortgage.

Royal London decreasing term policies reduce at the rate of a mortgage with a fixed interest rate of 7%.

To compare decreasing life insurance quotes from a range of other providers, get in touch today.

Whole of life insurance

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

Life insurance for over 50s

Royal London provides over 50s plans for those aged 50 – 80, with no medical information required.

This makes an over 50s plan an ideal choice for those who are later on in life with less than favourable health.

At Reassured we are able to secure over 50s life insurance cover up to the age of 85 years old, if you are a UK citizen.

Due to the unknown risk you pose, most insurers include a waiting period on their over 50s plans (usually 12 – 24 months).

This means that if you pass away due to natural causes during this time, the full pay-out will not be made, although all premiums paid in will be returned.

With a Royal London over 50s plan the waiting period is only 12 months, meaning you’ll be fully insured after the first year of your policy.

Royal London offer the option to reduce your monthly payments to just £3.95 a month if you become unable to pay a higher monthly premium (your pay out amount will be adjusted accordingly).

Compare multiple over 50s plans from other providers using an FCA regulated broker service such as Reassured.

Over 60s life insurance

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 family income benefit

Family income benefit is an alternative type of life insurance.

Rather than a lump sum pay out when you pass away, your family will be provided with monthly (tax-free) income payments.

Family income benefit from Royal London can pay out up to £2,500 per month and £500,000 in total.

This is to help compensate for any lost income due to your passing, allowing your family to maintain their lifestyle.

Diabetes life insurance

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.

Mortgage protection

Mortgage protection (or mortgage life insurance) is a life insurance policy taken out with its purpose being to cover your mortgage when you pass away.

While Royal London don’t specifically offer ‘mortgage protection’ their decreasing term life insurance works in the same way.

Royal London decreasing term life insurance policies reduce at the same rate as a 7% fixed interest rate repayment mortgage.

Alternatively, you can take out a level term policy to pay off an interest-only mortgage as the amount paid out remains fixed.

To compare quotes from other providers to protect your mortgage via level or decreasing term life insurance, get in touch today.

Joint life insurance policy

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.

Royal London critical illness cover

Critical illness cover provides you with an early lump sum pay out if you’re diagnosed with a critical illness and given less than 12 months to live.

Royal London critical illness covers 47 illnesses (including cancer, heart attack, stroke and children’s illness).

They also cover 20 additional illnesses (including 13 early forms of cancer) with a pay out of 25% of the cover amount (up to £25,000).

All plans come with Helping Hand support service which provides a dedicated nurse who can help at a difficult time.

Critical illness can also be added to a term policy bought through Reassured for an additional cost.

To receive your free quotes from alternative providers, contact us today.

Children’s critical illness  

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.

Serious illness benefit

As well as critical illness and terminal illness cover, Royal London also offer a serious illness benefit.

Serious illness benefit offers extra cover (at an additional monthly cost) for you and your children if you’re diagnosed with one of the following illnesses and survive 30 days after your diagnosis:

  • Cancer
  • Heart attack
  • Stroke
  • Multiple sclerosis
  • Benign brain tumour
  • Dementia

Depending on your age you can take out up to £350,000 of cover.

Children’s benefit means that your children (older than 30 days) will be covered for the same illnesses throughout the term.

For the children’s benefit 25% of the serious illness benefit will be paid out, with a maximum of £25,000.

Making a serious illness claim will not affect your life insurance policy unlike a critical or terminal illness cover claim.

Waiver of premiums (sickness)

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 life insurance in trust

Like with most UK life insurance providers, Royal London offers the option to write most of their policies in trust.

Writing your policy in trust involves naming a person you trust (trustee) to manage your policy once you have passed away.

After you have passed away your trustee will be responsible for distributing your pay out as per your wishes.

When you write your life insurance in trust it detaches your policy from your estate, meaning it will not be subject to inheritance tax.

Having your policy written in trust also helps to avoid the probate process, which can delay your funds being paid out to your loved ones.

At Reassured we have a team who can provide all the help you need to write most alternative policies arranged by us in trust.

Royal London life insurance price

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.

The price you pay for you monthly premium will depend on unique factors such as:

  • Your age
  • Your health and wellbeing
  • Smoking status
  • Level of cover
  • Length of term

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

Royal London life insurance cancellation

You can cancel your Royal London life insurance policy at any time.

If you cancel your policy within 30 days of taking the policy out, you’ll be refunded any premiums that you’ve paid.

You can cancel your policy after 30 days but you’ll not be refunded any premiums.

Royal London life insurance claims

To make a claim with Royal London you will need to have the following information to hand:

  • Name of deceased and their last known address
  • Date of birth
  • Plan number
  • Death certificate (if you have it)
  • Date of death
  • If a will has been left and the name of the executor

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.

How long does Royal London take to pay out?

As soon as Royal London have all the correct documents and the claim has been verified, they will begin to make payment.

Payments usually clear within 3 – 5 working days and will be sent via BACS transfer.

Does Royal London pay out?

In 2020, Royal London paid out 99.6% of all protection claims helping approximately 86,000 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.

How do I contact Royal London?

You can contact Royal London Directly by calling 0345 602 1885 or via email on

Is Royal London life insurance good?

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 75% 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.

Royal London life insurance compare

You can purchase a life insurance policy directly from Royal London or a financial advisor.

Unfortunately, at Reassured we can't compare Royal London policies. However, you can compare other life insurance policies from some of the UK's leading providers using our FCA-regulated broker service.

By comparing quotes you can save money on your life insurance policy and secure the best deal.

Reassured have helped to protect over 1,000,000 families across the UK and our award-winning service is completely fee-free to use.

Get in touch today and get quotes today.


All information regarding Royal London's product offerings is taken from their website and is correct as of 01/11/2021. This is subject to change by Royal London at any time

Pricing information regarding Royal London policies has been taken from Royal London's website and is correct as of 01/11/21 but subject to change by the provider at any time



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