What does Royal London life insurance cover?
Royal London life insurance can help protect the people you love.
It can provide the financial means for loved ones to pay bills, clear a mortgage and replace the loss of your income if you pass away unexpectedly.
The level of cover you will receive will depend on the type of Royal London life insurance policy that you take out. But a typical life insurance policy from Royal London will:
Pay out a sum of money if you pass away or become terminally ill during your policy term.
Provide financial security for your family after your death. The payout can act as a gift or can help with mortgage repayments or funeral and inheritance tax costs.
Give you peace of mind that your loved ones’ financial future is protected.
If you are unsure about the level of cover you need or want help getting a Royal London life insurance quote, why not start a live chat?
We’re always happy to talk through your available options and help you figure out what protection you need. We know you might have several questions. We can chat with you about your life insurance options and ensure that you understand what life insurance is and how it will protect your loved ones.
Royal London Whole of Life Insurance
Royal London Whole of Life Insurance plan is available through insurance brokers like us, the Insurance Surgery.
Whole of life cover provides peace of mind that your family will be cared for in the event of your death. Royal London Whole of Life insurance pays a sum of money when you die or are diagnosed with a terminal illness.
You can choose for your cover to last for the rest of your life.
Any payout will be made in the form of a tax-free lump sum if held in trust.
It’s applicable for UK residents aged between 18 and 89.
You can choose the amount of cover you need.
Benefit from access to the Royal London Helping Hands service.
Our trained advisors, will discuss with you your requirements to establish how much cover you and your family need. We’ll make the process as easy as possible from start to finish.
Royal London Advised Cover
Royal London Advised Cover offers an unlimited cover amount. This is set to a maximum of £5 million if you choose the increasing cover option.
Available for UK residents between 18-89 years old.
The plan can be tailored to suit your needs and can include optional critical illness cover and income protection.
It also includes the Royal London Helping Hands service.
Royal London Joint Life Insurance
A Royal London Joint Life insurance policy covers both partners however will only pay out once.
If one partner dies, the insurance will pay out to help your spouse pay the mortgage or bills. It can also help meet funeral costs or help with inheritance tax bills.
However, your joint life insurance policy will end once the policy has been paid out. This means that any surviving partner would no longer have a valid life insurance policy. They could choose to take out a separate Royal London Life insurance policy if they wished to do so.
But if you want something more supportive, why not check out Royal London’s dual life cover?
With dual life cover, both you and your partner are covered under one plan. But each person will be covered separately. So if one person claims, the other is still protected.
What are the features of The Royal London diabetes life insurance policy?
If you are living with diabetes, you may be looking for life insurance to protect you and your family if you die or become terminally ill.
Taking out the right level of cover can help you leave money to your family, pay off your mortgage or help pay off any debts.
The Royal London diabetes life insurance policies features include:
Cover for people with type 1 or type 2 diabetes.
It is available for UK residents aged 18 – 88.
Payout is a lump sum. The cover is the same throughout the plan.
Submitting annual HbA1c readings could reduce your monthly payments by up to 40%.
Monthly payments will never be increased above the original starting price.
Helping Hand Service for access to wellbeing support services.
What is Royal London life insurance’s maximum age?
Most life insurance policies can be taken out from the age of 18, but different insurers will have different maximum ages that they will cover.
The Royal London life insurance maximum ages are as follows:
Whole of life cover: 90 years old.
Level term and decreasing term cover through a financial adviser: 89 years old.
Level term and decreasing term cover direct: 70 years old.
Diabetes life cover: 89 years old.
Who is Royal London?
Royal London is one of the most well-known insurance companies. They are recognised in the industry for their award-winning products.
Royal London is a mutual, which means they are owned by their customers who share in the profits.
Royal London life insurance has a 4.7 out of 5 stars overall rating on Feefo.
They have a 73% Fairer Finance customer experience rating.
95.4% of claims were paid in 2022.
Royal London life insurance Trustpilot rating, is Excellent.
With an impressive rating on Trustpilot and Feefo, it is easy to see why customers are satisfied with their Royal London life insurance policy.
The Royal London life insurance customer support is excellent.
Every life insurance policy includes their Helping Hands Service. This offers access to wellbeing support and advice on how to live a healthy lifestyle.
They provide a range of protection products to help their customers plan for the future and manage their wealth, including a specialist mental health product for complex mental health conditions.
Critical Illness Cover
Just like life insurance, critical illness cover can be available to some sufferers of coarctation of the aorta. Cover will depend on the severity of your condition and the extent to which it impacts on your general health, well-being and lifestyle.
You may find that insurers are more strict when offering policies for critical illness cover. You may need to provide medical confirmation in the form of records from your GP.
If your condition is manageable and you have no symptoms, it is possible to have an application for critical illness cover accepted on standard terms. If however your symptoms are more severe and you have had surgery, you might be offered cover with non-standard terms that are bespoke to your situation.
Contact us at The Insurance Surgery for more details and to be put in touch with insurers offering critical illness cover that fits your unique circumstances.
Income Protection Insurance
If you are running or supporting a household with bills to pay, it’s a good idea to consider Income Protection Insurance.
This is especially important for anyone living with HIV who is self-employed and doesn’t have access to sick pay. Income Protection can reduce the stress of paying rent, mortgage or monthly bills.
Matching you to the right insurance provider
When choosing a life insurance provider, you need to find one that understands your needs and the type of protection you need for your family.
That’s where our team can help. At The Insurance Surgery, we specialise in arranging cover for people with pre existing medical conditions and through our extensive experience we are able to obtain cover suitable for you.
We will ask you some questions to help us understand your needs so that we can find the right level of cover for you.
We’re proud to work with Royal London life insurance. As one of the leading life insurance providers in the UK, Royal London currently have over 8.7 million life and pension policyholders.
Let’s take a look at who they are, what they offer and why they might be a good match for you.
What awards have Royal London won?
Royal London is recognised as a top life insurance provider in the industry.
Some of their most recent award wins include:
FT Adviser
Financial Adviser Service Awards 2022: 5-Star Winner Pension & Protection for Royal London Protection
2022 Excellence Awards: Overall Financial Services Excellence Winner
Financial Adviser Service Awards 2022: 5 Star Winner Investments for RLAM – Royal London Asset Management
The different types of Royal London life insurance policies
There are many Royal London life insurance policies to choose from, including
Decreasing Mortgage protection
What other insurance plans are available from Royal London?
Royal London offers more than just life insurance.
Children’s critical illness cover
Critical illness cover ensures you get a lump sum or monthly income if you become critically ill or permanently disabled.
Royal London critical illness plans cover 46 critical conditions, including cancer, heart attacks and strokes. So you will have peace of mind that you will be protected if the worst happens.
Rather than worrying about your finances, you can focus on your recovery.
You might wish to add Children’s Critical Illness Cover to your plan if you have a family. This will protect your children should they be diagnosed with a critical illness. You can use any payout to cover any loss of income, pay for any adaptions to your home (if required), or even take that once-in-a-lifetime dream family holiday to help you all recuperate from the stress.
You might also need to consider adding income protection to your insurance plan.
Income protection does exactly what it says. It protects your income should you not be able to work because of illness or injury. It will reassure you that if you are signed off, you will still have an income until you are deemed fit to return to work by a doctor. If your employer only offers statutory sick pay or you are self-employed and not eligible for statutory support, your income protection plan could be vital.
If you can never return to work, your income protection plan could pay out until you reach retirement age (or reach the end of the policy term, whichever is earliest).
These insurance plans will keep your savings safe and give you peace of mind that you can focus on your family rather than your finances.
Does Royal London offer a diabetes life insurance policy?
Yes, the Royal London diabetes life insurance policy is designed to cover life insurance for people with type 1 or type 2 diabetes.
People with diabetes can sometimes find it hard to get competitively priced life insurance. But our expert advisors at the Insurance Surgery can help you understand all the options to find the most suitable policy one for you.
What are the benefits of Royal London life insurance?
The benefits of having life insurance are clear.
Many people take out life insurance as a way to protect the financial future of their family. With so many insurers to choose from, what makes Royal London life insurance different?
Royal London offers many additional benefits. This is what sets them apart from other insurers.
The Royal London life insurance’s benefits include:
An ability to increase your life cover without the need for a medical.
Life insurance cover can start from the moment you complete the application.
Dual life cover policies to protect you and your partner. Although you’ll have one plan, each person will be covered separately.
A mortgage payment guarantee pays a lump sum equal to the outstanding mortgage amount at the date of the claim.
Every Royal London life insurance policy includes access to their Helping Hands Support service. This gives you access to wellbeing support and advice on how to live a healthy lifestyle.
Why buy life insurance through The Insurance Surgery?
At The Insurance Surgery, we have an incredibly strong relationships with many insurers including Royal London. As an independent insurance broker, The Insurance Surgery are able to offer products, including Royal London Policies, that can offer better terms and more affordable premiums.
This means we can help you find the best life insurance policy for your needs. We’ll help you secure the best possible prices and make sure that you understand the intricacies of your policy.
As an insurance broker, we act as the middleman. We work with you to match you to the best insurer to meet your needs and protect your family’s future.
Working with a broker like us may help you secure a higher level of cover or increase the maximum age on the policy.
You can trust us to find you the right life insurance policy.
They can trust us to provide accurate information to underwrite a policy.
We trust that Royal London will put your best interests first to provide you with the right level of cover.
We also only offer quotes over the phone or via live chat to make sure we help you find the right cover for your needs.
Online quotes may be easy, but they may not give you the best life insurance cover. Our approach means we can understand your needs, match you to the right insurer and get you the best level of cover.
How much will Royal London life insurance cost?
The cost of your Royal London life insurance cover will vary depending on your circumstances.
Each quote for life insurance is tailored to your unique circumstances and can vary from person to person.
There are many factors that can affect the cost of your life insurance, such as:
Health – if you have pre-existing medical conditions and the severity of them
Medication you currently take
We are happy to chat with you and start a quote so that you can get an idea of the costs.
