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The amount you pay each month stays the same for the full term of the policy
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Choose level or decreasing cover
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No medical – get an instant decision
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Terminal Illness Cover included at no extra cost - see terms and conditions document for further details
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Serious Illness Benefit can be added for an extra cost
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 choose decreasing cover, the amount of cover you have will reduce based on a mortgage with an interest rate of 7%. Therefore, if your mortgage interest rate is higher than this, the policy may not fully repay your mortgage.
Policy summary (PDF)
Terms and conditions (PDF)
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 is life insurance where the payout amount 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 term life insurance. You could use it to help cover a repayment mortgage or any other loan that gradually gets repaid.
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.
95.4%
of Term Life Insurance claims paid in 2022*
*Source: Royal London Protection business claims paid (1 January to 31 December 2022)
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.
Frequently asked questions about our Life Insurance
Whatever your question, we've got you covered.
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 pass away while covered, your family or whoever is making the claim can start the claims process once the death certificate is issued. Medical evidence might be required during the claims assessment. Once the claim is approved, the money is paid into a UK bank accounts by BACS. Typically, funds clear within three to five working days.
Serious Illness Benefit does not cover coronavirus. However, it covers six other illnesses that we define, which are: Cancer, Heart attack, Stroke, Multiple sclerosis, Benign brain tumour and Dementia.
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
You'll need to keep making monthly payment throughout the period of cover, unless you die or a terminal illness diagnosis is confirmed.
If you make a claim on your Serious Illness Benefit (SIB), you'll need to keep making payments for your Life Insurance while your serious illness claim is being assessed. If your serious illness claim is accepted, you'll stop paying for your SIB as it will cease, but you'll carry on paying for your Life Insurance.
You can stop making payments at any time on your Life Insurance. If you do, it will end and you won't get anything back.
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.
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 pass away while covered, your family or whoever is making the claim can start the claims process once the death certificate is issued. Medical evidence might be required during the claims assessment. Once the claim is approved, the money is paid into a UK bank accounts by BACS. Typically, funds clear within three to five working days.
Serious Illness Benefit does not cover coronavirus. However, it covers six other illnesses that we define, which are: Cancer, Heart attack, Stroke, Multiple sclerosis, Benign brain tumour and Dementia.
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
You'll need to keep making monthly payment throughout the period of cover, unless you die or a terminal illness diagnosis is confirmed.
If you make a claim on your Serious Illness Benefit (SIB), you'll need to keep making payments for your Life Insurance while your serious illness claim is being assessed. If your serious illness claim is accepted, you'll stop paying for your SIB as it will cease, but you'll carry on paying for your Life Insurance.
You can stop making payments at any time on your Life Insurance. If you do, it will end and you won't get anything back.
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.
Got a question?
Call us, we're here to help
0800 085 4201
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Monday to Friday 8 am to 6pm