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

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.

Over 50s Life Cover

Royal London no longer an over 50 life insurance plan, however, if you would like to compare the best over 50 life insurance plans on the market take a look at our table starting from £3.70 a month.

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.