What is life insurance?

Life insurance may also be known as life cover or life assurance. Cover may be obtained to financially help your loved ones if you were to die during the length or term of your policy. A life insurance policy is not a savings or investment product and has no cash-in value. It is only paid out on death.

 

Good reasons to buy

Unlike some life insurance providers, we don’t need a doctor’s report or 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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Get cover in minutes

Answer a few questions and it could give your family peace of mind

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Payments start from as low as £7 per month

that's 23p a day!

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Terminal Illness Cover

Included at no additional cost for peace of mind

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Money for your loved ones

Up to £500,000 single payment

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Serious Illness Benefit

Add this optional extra protection to Life Insurance for you and your children over 30 days old

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No waiting

Find out instantly with just a few health questions

Feefo Platinum Trusted logo

Better than gold, we get platinum…again! We’ve won a Platinum Trusted Service award for two years in a row now. That makes us very proud to be recognised by Feefo as providing exceptional levels of trusted service. Hear what our customers have to say.

Read more reviews

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, excluding members of the armed forces and reservists. 

Different types of life insurance
cover to suit you

Level Cover

Can pay out a fixed amount to protect an interest-only mortgage or provide a single lump sum.

Find out more about Level Cover

Decreasing Cover

Can help cover a repayment mortgage or a debt that decreases over time.

Find out more about Decreasing Cover

Looking for life insurance to cover your mortgage?

Our Decreasing Cover can help your family repay the mortgage when you pass away.

More about Decreasing Cover and mortgage life insurance

Six reasons to protect your family’s financial future with Royal London’s Life Insurance:

£180,000 worth of life insurance for the price of just one shop-bought coffee a week!*

Leave your family money that can make a real difference – up to a £500,000 single payment

Different types of cover to suit your lifestyle and budget – Level Cover, Decreasing Cover. More on mortgage life insurance

Extra peace of mind – we include Terminal Illness Cover, at no extra cost

Be covered in minutes - our easy online application makes it easy

Over 99% claims paid** - so you know your family’s in safe hands

*Based on a weekly coffee for around £2.50, a 30-year-old paying £10 a month can be insured for 25 years, as at Sept 2020.

**99.7% of all Royal London Life Insurance claims paid in 2019.

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 Life Insurance

Whatever your question, we've got you covered.

UK residents aged between 18 and 70. Members of the Armed Forces, Army Reserve (previously known as the TA) or Reservists cannot apply.

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.

Yes, you can reduce the payments at any time to any amount, subject to the minimum of £7 a month for Life Insurance. If you choose to reduce your payment your cover amount will also reduce. If you have Serious Illness Benefit you may not be able to reduce your monthly payments to £7. This is because the cost of Serious Illness Benefit is worked out separately, even though we take both payments at once. Also, we will never increase your monthly payments.

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. 

You can have a lump sum up to £500,000 for all Level Cover and Decreasing Cover policies.

UK residents aged between 18 and 70. Members of the Armed Forces, Army Reserve (previously known as the TA) or Reservists cannot apply.

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.

Yes, you can reduce the payments at any time to any amount, subject to the minimum of £7 a month for Life Insurance. If you choose to reduce your payment your cover amount will also reduce. If you have Serious Illness Benefit you may not be able to reduce your monthly payments to £7. This is because the cost of Serious Illness Benefit is worked out separately, even though we take both payments at once. Also, we will never increase your monthly payments.

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. 

You can have a lump sum up to £500,000 for all Level Cover and Decreasing Cover policies.

Looking for something different?

We also offer life insurance through an independent financial adviser.

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Flexible

Life cover for any amount you need and the option to adapt your plan if your circumstances change. You can also choose to increase your cover each year to protect against inflation.

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Personalised

An independent financial adviser can help you decide what cover is right for you. You can combine different cover types and you can also take out cover with your partner.

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Supportive

Access to a dedicated nurse to help you and your family (partner and children) through serious illness, injury or bereavement. You’ll also have the option to get a second medical opinion.

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.