Life insurance can also be called life cover or life assurance. You can get cover to help your loved ones financially if you die during the term of your policy. A life insurance policy isn't a savings or investment product and has no cash in value at any time. If you stop making payments your cover will end and you won't get anything back.


Life insurance to protect your family

Protect your family with level term life insurance which pays a fixed amount of money if you die while covered. You’ll pay a set monthly amount for a fixed period.

Help your family to maintain their lifestyle without your income so they can pay regular costs like rent, the mortgage, childcare, education or something else.


Life insurance to protect your mortgage

Pay off or reduce the repayment mortgage on your home, or another debt, with decreasing term life insurance. The size of the payout decreases over time. So monthly payments are usually lower than for level term policies.


Life insurance to leave a gift or help pay for a funeral

Leave a guaranteed lump sum of money when you die. Your cover lasts for the rest of your life, or as long as you want it.

You could leave the money as a gift, or to help meet costs like a funeral or inheritance tax.



Our life insurance at a glance

Type of life insurance Monthly cost Amount of cover available Eligibility Additional cover options Additional features Availability
Whole of life Variable Unlimited*
  • 18-90 years old
  • Waiver of Premium (Sickness)
Through a financial advisor
Over 50 life insurance From £0.01 a month Up to £10,000
  • 50-80 years old
  • UK resident
  • None
  • Payout Promise ** 
  • Flexible payments

Direct from Royal London 

Life insurance through an adviser

  • Level term - Unlimited or up to £5m for increasing cover
  • Decreasing term -Unlimited
  • 18-89 years old
Through a financial advisor

Life insurance direct

From £7 a month Up to £500,000
  • 18-70 years old
  • UK resident
  • Terminal illness cover

Direct from Royal London 

Diabetes life cover Variable Up to £1,000,000
  • 18-89 years old
  • Diagnosis of type 1 or 2 diabetes
  • None
Through a financial advisor

* Unlimited cover, or up to a maximum of £5 million when an increasing cover option is chosen.

** If you need to stop paying, your family can still get at least half of the payout when you die, as long as you're at least half way through paying for your policy. That's halfway from the start of the policy until the policy anniversary date after you turn 95. You stop paying at that policy anniversary or when you die, whichever comes first.

Looking for something different?

Our Illness and Income Protection products are designed to help if you become become critically ill or too sick or injured to do your job, by giving you a payout or steady income.

Manage your life insurance policy

Make a claim

Whether you want to claim on your life insurance policy or if someone has passed away and you need to claim on their behalf, filling out forms may well be the last thing on your mind.

Find out online how you can make a claim. We'll make it as clear and easy to do as we can. We're here to help.

Update your personal details

If you've changed your name, moved house or need to change other personal details, you can use our online form to let us know.

Update your personal details

Contact us


If you are an existing customer and need to talk to us about your policy, you can get in touch with us online or by giving us a call.


Get in touch

What our customers say

We think we deliver great life insurance products and service for our customers, but don't take our word for it. Read what our customers have to say for themselves.

Read our reviews

Life insurance and financial advice

An independent financial adviser can help you get the right insurance cover to suit you, your family and your lifestyle. They can give advice on the whole market and make a recommendation based on your needs. And they can review your cover in the future as your circumstances change to make sure that you're protected now and in the future.

Life insurance explained

Your life insurance questions answered.

Life insurance is a type of insurance that pays money to your family if you die or become terminally ill while covered by the policy. Your family or dependants can use the money to help them manage their financial future. It could go towards:

  • providing financial security in the future
  • paying off a repayment mortgage
  • funeral costs
  • day to day living costs.

It's important to remember that a life insurance policy isn't a savings or investment product and has no cash-in value. It's only paid out if you die or are diagnosed with a terminal illness, depending on the terms of your cover.

For more details, take a look at our "What is life insurance?" guide.

When you buy a life insurance policy, you agree to pay a monthly amount (called a premium) and if you die or are diagnosed with a terminal illness, we pay a sum of money to your family.

How much the policy pays out and the monthly premiums you'll have to pay depend on your personal circumstances, and the type of policy and level of cover you choose.

Because everyone is different, with different budgets, circumstances and priorities, Royal London offers a range of life insurance policies to help you find cover that fits your needs. The main types of life cover we offer are:

  • Level term life insurance - Lets you choose how much cover you want and how long you want to be covered for and pays out that amount if you die if you are still covered by the policy. You're covered for the same amount through the policy and your monthly premium stays the same throughout.
  • Decreasing term life insurance - Designed to help repay a repayment mortgage and or another debt. The amount of cover goes down over the course of the policy as you repay your mortgage. Premiums tend to be lower than level term polices.
  • Whole of life insurance - Designed to cover you for your whole life and pay out when you die, no matter when that is. You can choose the amount of cover you get but because the policy can last as long as you wish to pay for it, whole of life policies tend to be more expensive than term policies.

Of course, these are just some of the types of life insurance available. If you'd like more detail, our guide to different types of life insurance policies has what you're looking for.

Whether you need life insurance depends on your personal circumstances, your lifestyle and your priorities. If you have a family or people financially dependent on you, life insurance is a way to offer them some financial security after you're gone.

A payout from a life insurance policy could go towards paying off a mortgage, covering monthly bills, childcare, education or any number of other financial commitments your family might face in the future.

How much cover you need depends entirely on what you want to protect, for how long and for how much. In general, the more cover you need and the longer you need that cover for, the more money you can expect to pay as a premium each month.