Royal London Life Insurance Reviews 2025

Royal London is the largest mutual life and pensions company in the UK. It is comprised of several specialist businesses designed to meet the needs of their target market.

At Insurance Hero, we compare a variety of market leaders to ensure you get the best deal.

By using our services, we can measure Royal London policies against other leading companies, ensuring you get a made-to-measure life insurance solution.

Is Royal London Right For You? Completely Free Comparison Quote Service with No Obligation – 30 Sec Form

Included in these products are level and decreasing term life insurance coverage. Complete a quote request form on our site so we can search for life insurance from Royal London and other providers and provide you with pricing details.

The financial impact of death or severe illness can be devastating to all affected. Life insurance protects surviving beneficiaries financially, allowing them to maintain the same quality of life.

Your death will be painful enough for them to deal with, so why make things more unpleasant?

Purchasing a life insurance policy that repays an outstanding mortgage balance, pays off debts, takes care of final expenses, and allows the family to cover household bills.

Royal London Life Insurance Reviews Can Sometimes Be A Grey Area

However, Royal London bases its approach on the consumer belief that traditional insurance companies are boring and that protection insurance is confusing. The company information we provide to you is presented in simple, clear language with minimal jargon.

Consumers also expressed their desire to receive more than money when a loved one dies. Royal London meets this need with its value-added service, Helping Hand.

Term life coverage offered by Royal London pays out upon the insured’s death during the term or a diagnosis of a terminal illness before the final 12 months of the plan.

This helps meet the financial needs of surviving loved ones. UK residents age 18 or older may apply for a plan with a term of five to 40 years.

Please read our frequently updated guide to discover what is the best term life insurance overall. We also discuss whole of life and over 50 policies in more detail.

Most insurance companies have exceptions to claims payment, and Royal London is no different. A suicide-related death within 12 months of the coverage’s effective date is just one condition that will prevent all or part of the benefit from being paid.

The insured may choose from a level, increasing, or decreasing lump sum, level monthly income or increasing monthly income benefit.

A level sum benefit remains the same throughout the policy term, and an increasing sum grows to account for the effects of inflation, growing annually at a rate based on the change in the retail price index.

A decreasing lump sum declines to mirror a repayment mortgage with an annual interest rate of seven percent.

Monthly income benefits are paid continuously, rather than in a single lump sum. A level monthly income stays steady over the payment term.

An increasing monthly income rises to account for the cost of living increases. By providing a monthly income to beneficiaries, the insured makes sure these loved ones can live comfortably for a while.

The flexibility provided by Royal London policies even allows consumers to mix and match coverage. For example, they can choose a decreasing sum to cover the mortgage and a level sum for other debts.

Life or critical illness insurance, also called lifestyle protection, is designed to address two significant issues.

It provides a monthly income or lump sum benefit if the insured dies, is diagnosed with a terminal illness before the final 12 months of the plan, is diagnosed with a defined critical illness, or is totally and permanently disabled (whichever event occurs first).

Critical illnesses include advanced cases of cancer, severe heart attack, and end-stage liver failure. A level or monthly income benefit is available, or the insured may choose a level, increasing, or decreasing lump sum.

Single and Joint Coverage

Each plan offers both single and joint life coverage. Individual life coverage typically covers just you or your partner, or a separate policy that offers two potential payouts for both you and your partner.

Joint life coverage includes both you and your partner and offers a single potential payout.

Other coverage may be added to create the right level and type of insurance for your needs.

Premiums are based on the amount of coverage, policy term, age, gender, smoking status, medical history, and possibly health status and occupation.

Royal London life policies do not have a cash value. If premium payments cease, the policy will be cancelled, and paid premiums will not be refunded.

The insured may select a reviewable premium that enables the company to increase or decrease the premium following a regular review.

When reviewing Royal London life insurance, a policy should be easy to understand, flexible enough to accommodate changing needs or circumstances, and affordable.

Combining critical illness and life coverage provides funds for private treatment, prescription drugs that the NHS may not cover, home alterations to accommodate the medical condition, or mortgage repayment.

We hope this article has demonstrated the importance of life insurance and how it can help provide financial security for your loved ones.

If you have any questions, please feel free to complete one of our simple forms to receive a no-obligation quote. Our team will be happy to assist you in finding the right policy for your needs.

Further Information:

Registered office: 55 Gracechurch Street, London, EC3V 0RL

https://www.royallondon.com/life-insurance/

Financial Services Register, registration number 117672. It is registered in England and Wales, number 99064.

Telephone: 0345 602 1885