Cover to suit your family

We all live different lives, with different needs. So our Life Insurance comes in three types, each designed to meet a particular requirement: 

Level Cover – pays out up to a £500,000 single payment

What it could be used for. Level cover means your family will get the same amount of money if you die while you're covered. The money can make a great difference to your family and their lifestyle if you’re not around to help provide for them. For instance, having money to help pay off the mortgage could help them keep their home. They’ll have money to go towards nursery fees for the children, or to support them in their education with extra funds to go towards school or university.

How it works. You decide how many years you want your policy to last. This is the policy term and the policy finishes at the end of this term. The policy pays out if you die or are diagnosed with a terminal illness that meets our definition during this time.

The amount you are covered for and the monthly payment you make stays the same throughout the term of the policy. This means you know how much you will pay each month and how much would be paid out.

Decreasing Cover – pays out up to a £500,000 single payment

What it could be used for. Decreasing cover could be used to protect a repayment mortgage.

How it works. You decide how many years you want your policy to last. This is the policy term and the policy finishes at the end of this term. The policy pays out if you die or are diagnosed with a terminal illness that meets our definition during this time.

How much you pay each month is typically less than for Level Cover, although, payments do stay the same over the term of the policy. However, for each year that goes by, a Decreasing Cover payout reduces by 7% – comparable to how much the reducing balance on a repayment mortgage could decrease. If a claim is made during the policy term, any outstanding repayments on your mortgage or loan should be covered as long as your interest rate is not greater than 7%

So you can use it to cover a repayment mortgage or any other commitment that gradually gets repaid.

Family Income Benefit – pays out up to £2,500 a month

What it could be used for. Family Income Benefit could be used by families to help protect the monthly costs of your a child’s way of life when you die. The regular payments can help replace your income to maintain the lifestyle they’re used to. Everyday costs like the shopping, gas and electricity bills, car costs and more will keep coming in. So a regular income can help avoid financial hardship for your family.

How it works. You can choose how long the policy lasts for and it pays out a regular income up to the maximum of £2,500 a month, if you die or are diagnosed with a terminal illness that meets our definition during this term. The income is paid from when a claim is accepted until the policy ends.

This type of policy gives you certainty that your family or children will get a regular income after you’re gone. For example, you may choose cover of £1,000 a month for 9 years, until your child is 18 years old. So, if you died or were diagnosed with a terminal illness that meets our definition after 5 years, your family would receive £1,000 a month for the remaining 4 years of the policy.

Life Insurance

With Life Insurance, you can leave your family money when you die. You choose how much you want to leave, and how long you need the cover for. You make payments and in return, your family feels secure – because if you die while covered, you can leave them some money.

Different types of life insurance
cover to suit you

With our Life Insurance, we can help you find the right kind of cover to suit
your specific needs with our bespoke offers.

Level Cover

Can pay out a fixed amount, up to £500,000 to protect an interest-only mortgage or provide a lump sum for your loved ones

Find out more about Level Cover

Family Income Benefit

Get up to £2,500 as a monthly income for your family for the remainder of the policy

Find out more about Family Income Benefit

Decreasing Cover

Get up to £500,000 of cover. This reduces over time and can protect a repayment mortgage, or other debt that decreases over time

Find out more about Decreasing Cover

6 good reasons choose us 

  • Be covered in minutes – with our easy online application.
  • Money that can make a real difference – up to a £500,000 single payment or up to £2,500 a month for the remainder of the policy. 
  • Payments start from £7 a month - that's only 23p a day! 
  • Extra peace of mind – we include Terminal Illness Cover, at no extra cost. 
  • Three types of cover to suit your lifestyle and budget – Level Cover, Decreasing Cover and Family Income Benefit
  • 2 million trust us – join policyholders across the UK who rely on us to protect their families - based on life and protection policies as at December 2017*.

*Based on Royal London life policies as at December 2017

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.

Serious Illness Benefit option

For an additional monthly cost you could add this extra protection (to Life Insurance) for you and your children over 30 days old. It gives you a financial safety net if you are diagnosed with one of the six illnesses that we define, and survive for 30 days.

If you add Serious Illness Benefit and a claim is paid, this cover ends, but Life Insurance continues.

Find out more about Serious Illness Benefit

Extra protection for your child

If you add Serious Illness Benefit for yourself, you also get Children’s Benefit cover at no extra cost. That means your children over 30 days old get cover for the same conditions defined by the Serious Illness Benefit and survive for 30 days. It pays out 25% of your Serious Illness Benefit, up to £25,000 giving you some breathing space to take time off work and care for them.

Find out more

Buy online

Getting a quote online takes just a few minutes.

Get a free quote about Buy online

Important Documents and Guides

Policy summary

Terms and conditions

Call us, we're here to help

0800 085 3281

Free from UK landlines and mobiles
Mon to Fri: 8am-7pm. Sat: 9am-5pm. Sun: 10am-4pm.