What you get with our Level Cover

  • Your family can get up to £500,000 in a single payment when you die

  • The amount you pay each month stays the same for the full term of the policy

  • You can choose for the policy to last for between 5 and 50 years

  • No medical – get an instant decision

  • Terminal Illness Cover included at no extra cost

  • Serious Illness Benefit can be added for an extra cost

Important things to know

  • You can apply if you’re a UK resident aged between 18 and 70
  • The plan must end when you reach age 80
  • The amount of cover stays the same over the term of the policy
  • The minimum cost is £7 each month
  • 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.

Difference between level term and decreasing term

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. 

Decreasing Cover pays out a single amount that reduces over the term of the policy. Although payments stay the same over the term of the policy, how much you pay each month is typically less than for level cover. You could use it to help cover a repayment mortgage or any other loan that gradually gets repaid.

When a claim is paid, your family will get the amount of money you took the policy out for.

Serious Illness Benefit

For an additional monthly cost you could add Serious Illness Benefit. This extra protection for you and your children gives you a financial safety net if you are diagnosed with one of the six illnesses we define, if you survive 30 days after your diagnosis.

Get a quote

Think this is the cover for you? Get your no obligation quote for Level Cover life insurance now.

Get a free quote Get a free quote

How to claim

We make things as clear and easy as possible and give you a dedicated claims specialist.

You’ll need a few documents before you get in touch with us and we have helpful information to make the process easier. Learn about starting the claims process.

 

99.5%

of claims paid in 2021

 

Royal London Protection business claims paid (1 January to 31 December 2021)

Why choose Royal London?

We're a mutual

We're a mutual, so we're not answerable to shareholders. We can make our decisions in the best interests of you, our customers.

Immediate decision

Unlike some life insurance providers, we don’t need a doctor’s report or need to send you off for a medical. We can give you a decision straight away.

Our awards

Whether it's for our outstanding products or first-class service, we're delighted to have received several awards over the years.

Get a quote

Think this is the cover for you? Get your no obligation quote for Level Cover life insurance now.

Get a free quote Get a free quote

Looking for something different?

Whether you want to protect your family, your house and mortgage or just leave something after you're gone, we've got a life insurance policy to fit your needs.

Explore life insurance Explore life insurance

Frequently Asked Questions

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 need to keep making monthly payments throughout the period of cover, unless you die or a terminal illness diagnosis that meets our definition has been confirmed.

If you miss a payment, don't worry you're still covered within a 60-day period. But if you don't pay your outstanding payments within that period, you'll 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.

We make things as clear and easy as possible and give you a dedicated claims specialist. You or your family won’t have a long, difficult process with us. Once the claim has been processed, the money will be sent to your family as quickly as possible. Make a claim

When you've been around for as long as we have, you know that life is full of changes. If you need to update details such as your name, address or bank details, we can help you make the changes you want. Update my policy

To put it simply, Level cover is life insurance where both the monthly payments and the payout amount stay the same over the length of your policy. If you die within the term, your family will be given the pre-agreed sum.

For decreasing cover, the payout sum shrinks throughout the length of your policy. Your monthly payments stay the same but how much you pay each month is usually less than Level cover. You could use it to help cover a mortgage or any other loan that gradually gets repaid.

We offer single life policies, which means you both have your own policy. With joint polices if one partner dies the whole policy may end and the other partner will not have any cover.

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 need to keep making monthly payments throughout the period of cover, unless you die or a terminal illness diagnosis that meets our definition has been confirmed.

If you miss a payment, don't worry you're still covered within a 60-day period. But if you don't pay your outstanding payments within that period, you'll 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.

We make things as clear and easy as possible and give you a dedicated claims specialist. You or your family won’t have a long, difficult process with us. Once the claim has been processed, the money will be sent to your family as quickly as possible. Make a claim

When you've been around for as long as we have, you know that life is full of changes. If you need to update details such as your name, address or bank details, we can help you make the changes you want. Update my policy

To put it simply, Level cover is life insurance where both the monthly payments and the payout amount stay the same over the length of your policy. If you die within the term, your family will be given the pre-agreed sum.

For decreasing cover, the payout sum shrinks throughout the length of your policy. Your monthly payments stay the same but how much you pay each month is usually less than Level cover. You could use it to help cover a mortgage or any other loan that gradually gets repaid.

We offer single life policies, which means you both have your own policy. With joint polices if one partner dies the whole policy may end and the other partner will not have any cover.

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.