Good reasons to buy

Unlike some life insurance providers, we don’t need a doctor’s report or need to send you off for a medical. With just a few health questions, you’ll know instantly whether you can be insured or not. So you can get on with life.

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Terminal Illness Cover

Included at no extra cost

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A fixed amount

For an interest-only mortgage, your family or to pay off a debt

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Affordable

From only £7 a month

How it works

Your family can get up to £500,000 in a single payment when you pass away.

The payout amount for Level Cover stays the same for the term of the policy, as does how much you pay each month.

For example, you may set the length of the policy term to 25 years and the payout amount to £100,000. So, if you were to pass away at any time during that 25-year term, the payout to your loved ones would be £100,000 provided your payments are up to date.

It doesn't matter if you die after the first year or in the last year of the policy - the payout would be the same.

Because the payout amount is fixed, you can match it to the loan amount of an interest-only mortgage to help your family clear a mortgage. Or, your family could invest the payout for any dependants you have or use it to help support them.

Who is Level Cover Life Insurance for?

A Level Cover Life Insurance policy can be used by homeowners to protect an interest-only mortgage. For those who don’t have a mortgage, it can be used to cover any other fixed debt. Or if you have dependants, it can be used to help support them in the future.

Because the payout amount of a Level Cover policy is set, it can be matched to a mortgage. So homeowners can take out a policy where the cover amount is the same as the loan amount of their interest-only mortgage. When they die, the insurance payout can then help their family clear the mortgage.

With Level Cover, the payout amount stays the same, whether you’ve made one mortgage repayment or you’ve only got one left. 

Loved ones with a fixed debt other than a mortgage could benefit from a one-off payment. Or it could simply be used as a gift for your family so they aren’t struggling with household payments.

Five reasons to get Level Cover

Still wondering why you should get the Royal London Level Cover Life Insurance?

Here are a few reasons:

  1. A payout to help cover the mortgage so they don't lose the family home
  2. Fixed payout, so you can plan for the future
  3. Terminal Illness Cover included at no extra cost
  4. Leave up to £500,000 to make a real difference for your family
  5. From just £7 a month That's only 23p a day to ease the burden for your loved ones when you die.

Important things to know

Our Life Insurance has no cash-in value – it’s a protection policy only.

If you stop making payments, your cover ends and you won’t get anything back.

You can apply if you’re a UK resident aged between 18 and 70

If you use this to cover a repayment mortgage, the amount of cover you have will reduce by 7% each year. Therefore, if your mortgage interest rate is higher than this, the policy may not fully repay your mortgage.

Serious Illness Benefit option

For an additional monthly cost you could add this extra protection for you and your children. It gives you a financial safety net if you are diagnosed with one of the six illnesses that we define.

Frequently asked questions about our Level Cover Life Insurance

Whatever your question, we've got you covered.

Level Cover is life insurance where the payout amount stays the same over the term of the policy. The monthly payments also stay the same over the term of the policy. When a claim is paid, your family will get the amount of money you took the policy out for.

You’ll only need to answer a few simple health questions when you apply. We don’t need proof from your doctor and we won’t ask for any. So it’s a good idea to be as accurate as you can – if your family need to claim in the future this could save them a lot of heartbreak if the claim was denied.

You specify how long you want the cover to last for when you apply for the policy. The term can be as little as 5 years or as long as 50 years, but the cover must end by age 80.

No. We’ll never increase your monthly payments.

You're still covered if you miss your payments within a 60-day period. If you do not pay your outstanding payments within that period, you will no longer be covered and we'll have to cancel your policy on the 61st day.

It is worth remembering that you won’t get any money back, as this is a life insurance policy and not a savings plan. So you can’t cash in your cover at any time.

If you cancel your policy within 30 days, we will refund any premiums you have paid. If you cancel your policy at any other time, your cover will stop and you won’t get anything back.

In the first instance, please keep your policy documents safe and let your next of kin know where to find them.

Second, your family should please call us and our trained staff will deal with the claim with kindness and sympathy.

Our UK- based call centre and dedicated claims line is 0345 266 5400.

The claims line is open: Mon to Fri: 8am–7pm. Sat: 9am–5pm. Sun: 10am–4pm.

Or they can post to:

Customer Services

PO BOX 696

Royal London House

Macclesfield

SK10 9AJ

We realise that it may be a difficult time when a claim is being made, so we’ll deal with the claim as quickly as we can. Once we’ve received all the information we need, we will make payment within 10 working days.

Level Cover is life insurance where the payout amount stays the same over the term of the policy. The monthly payments also stay the same over the term of the policy. When a claim is paid, your family will get the amount of money you took the policy out for.

You’ll only need to answer a few simple health questions when you apply. We don’t need proof from your doctor and we won’t ask for any. So it’s a good idea to be as accurate as you can – if your family need to claim in the future this could save them a lot of heartbreak if the claim was denied.

You specify how long you want the cover to last for when you apply for the policy. The term can be as little as 5 years or as long as 50 years, but the cover must end by age 80.

No. We’ll never increase your monthly payments.

You're still covered if you miss your payments within a 60-day period. If you do not pay your outstanding payments within that period, you will no longer be covered and we'll have to cancel your policy on the 61st day.

It is worth remembering that you won’t get any money back, as this is a life insurance policy and not a savings plan. So you can’t cash in your cover at any time.

If you cancel your policy within 30 days, we will refund any premiums you have paid. If you cancel your policy at any other time, your cover will stop and you won’t get anything back.

In the first instance, please keep your policy documents safe and let your next of kin know where to find them.

Second, your family should please call us and our trained staff will deal with the claim with kindness and sympathy.

Our UK- based call centre and dedicated claims line is 0345 266 5400.

The claims line is open: Mon to Fri: 8am–7pm. Sat: 9am–5pm. Sun: 10am–4pm.

Or they can post to:

Customer Services

PO BOX 696

Royal London House

Macclesfield

SK10 9AJ

We realise that it may be a difficult time when a claim is being made, so we’ll deal with the claim as quickly as we can. Once we’ve received all the information we need, we will make payment within 10 working days.

Useful info

Making a claim

Important Documents and Guides

Policy summary

Terms and conditions

Got a question?

Call us, we're here to help 

0800 085 4201

Free from UK landlines and mobiles

Mon to Fri: 8am-7pm. Sat: 9am-5pm. Sun: 10am-4pm.