Royal London Life Insurance Review

  • A large friendly society with long-established and extensive British roots
  • Specialises in simple procedures and affordable cover to suit all budgets
  • Monthly income option under life insurance

When you have read this review and would like to make life insurance comparisons please click on the "Get a Quote" button

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About Royal London  

Royal London is the largest mutual life, pensions and investment company in the UK.

As at February 2018, it has group funds under management of approximately £106 billion and employs nearly 3,500 people. It has around 9million policies under management with 2 million customers.

For your peace of mind, Royal London is regulated by the Financial Conduct Authority (FCA).

Royal London’s life insurance options

Royal London’s product portfolio includes the following.

The company offers three types of cover:

  • level cover

This offers a single payment of up to £350,000

You pay a fixed amount per month over the term and both it and the pay-out amount stay the same over the period. This is sometimes used to ensure the clearing of a mortgage debt or to support your family after your death;

  • decreasing cover

Again, cover is available as a lump-sum single payment of up to £350,000

The amount paid out decreases over the term of the policy. That means typically it will cost less than level cover although payments do stay the same over the term of the policy. This type of cover is often linked to a standard repayment mortgage or any other commitment where the sum required to clear the debt decreases over time.

  • family income benefit

This pays out a fixed regular amount of up to £2,500 a month to your loved ones. The payments commence at your death and they continue until the end of the policy’s term. This sort of regular payment can be used as a form of income to help pay bills and maintain your family’s lifestyle once you’ve gone.

Over 50s Life Cover

The Royal London Over 50 life insurance plan is a policy that you take out and pay a set, typically modest, monthly sum for.

In return, when you death, the policy will pay out the lump sum you selected to your family and those left behind. It is often associated with people wishing to make some provision for their funeral and other costs.

See how Royal London Life Insurance Compares

Company Monthly Premium Cover Amount
Legal & General £17.88 £100,000 Get a quote
Aviva £19.11 £100,000 Get a quote
Royal London £21.74 £100,000 Get a quote
Vitality £15.00 £100,000 Get a quote
LV £1788 £100,000 Get a quote
Zurich £22.00 £100,000 Get a quote
Aegon £17.35 £100,000 Get a quote
AIG £15.93 £100,000 Get a quote

Based on male non smoker aged 50 yrs of age for 20 years - no health questions answered. This is for illustration purposes only & you should obtain a personal health quotation as policies do vary. Correct as at 11/01/2018

How to get a Royal London life insurance plan quote

To compare Royal London’s life insurance quotes, you can use our life insurance comparison service through our partner Reassured. They are regulated by the FCA and will, on your behalf, look at the whole of the market for similar plans being offered at the same price, ensuring that you get advice on all providers’ plans that suit your circumstances and budget.

You could start by getting an online life insurance quote here and then if you wish, call them on 0808 301 2291 to discuss your options and how they can keep the monthly costs as attractive as possible for you.

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Royal London

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