Royal London began as a friendly society in 1861, later changing to a mutual society in 1908. Today, Royal London is the UK’s largest mutual life, pensions and investment company.
Previously, several brands previously operated under the Royal London umbrella, including Bright Grey and its sister brand Scottish Provident. However, Royal London unified them beneath the single Royal London brand in 2014.
The Bright Grey and Scottish Provident brands are therefore now defunct and entirely owned and operated as a single Royal London Life Insurance brand.
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Royal London Life Insurance Coverage
Type of Cover Available
Minimum Entry Age
Maximum Entry Age
Terminal Illness Cover?
Joint life first death / dual life cover
Waiver of Premium
Optional Critical Illness Cover
An optional add-on for an extra premium covering children from birth to age 21 (age 23 if in full-time education).
It pays the lower of £25,000 or 50% of your benefit if your child develops one of the adult critical illnesses, including TPD.
Enhanced Children’s Cover
For a further additional premium, the enhanced option pays:
Royal London lets you increase your benefit without providing further medical evidence if you:
To make use of this, you must inform Royal London within 6 months of the event and be under 55. If it’s a joint plan, both individuals must be under 55 at the time of the request for an increased benefit. Royal London must also have initially offered you Life Insurance on standard terms.
The maximum increase you can request is the lower of:
Royal London Life Insurance lets you separate Joint Life Insurance or Joint Life and Critical Illness Insurance you’ve taken out to cover a mortgage into two separate plans.
To use this option, you either have to rearrange your joint mortgage to be in the name of one partner or one partner must take out a new mortgage on a new home.
Choose increasing Life Insurance to ensure that inflation never erodes the purchasing power of your benefit over time.
You have the option for either:
In both cases, your premiums will rise by the percentage increase in your benefit multiplied by 1.2.
With increasing Life insurance, your maximum benefit cannot exceed £5 million. When you add Critical Illness Cover to increasing Life Insurance, your benefit cannot exceed £1.2 million.
While Royal London doesn’t include children’s Critical Illness Cover free with adult cover, if you pay extra to add it you get multiple benefits most other insurers don’t include.
For example, few other providers in the market pay out for pregnancy complications or Total Permanent Disability for children. Royal London pays out for both.
Helping Hand offers access to nurse support services from RedArc. You can call a telephone helpline and speak to a dedicated nurse, who’ll create a personal support plan for your situation.
Helping Hand can offer ongoing support and also arrange access to specialist services. For example, this includes counselling for mental health issues or bereavement or complementary therapies to assist with recovery.
The Help at Hand support services are a great additional benefit Royal London include for free as part of their life insurance policies.
Accessing such a support service can be invaluable during such difficult times.
Independent Protection Expert
You can also access help with certain legal matters, for example around probate and inheritance tax, as well as careers coaching.
Most importantly, Helping Hand offers access to free rehabilitation services after a critical illness.
It provides dedicated cardiac and oncology nurses to help you after a heart attack of cancer diagnosis. This might include second medical opinions, arranging complementary therapies or help re-evaluating your lifestyle to aid recovery.
If you’ve suffered a stroke, the team can even put you in touch with speech and language therapists to improve your communication levels.
Royal London will advance up to £10,000 of your Life Insurance benefit to a funeral director to cover your funeral costs if probate delays your payout.
Royal London includes Total Permanent Disability Cover as standard with its Critical Illness Insurance. This pays out if you become so completely and totally disabled through illness or injury that you can’t ever work again.
For many insurers, this is an optional extra for an additional premium.
With Royal London, you have the option to take out dual Life Insurance if you’re a couple needing joint cover. This covers both of you with two separate policies under a single menu plan and will therefore pay out twice if you both pass away during the policy term.
On the other hand, most Life Insurance providers only offer Joint Life Insurance. This pays out on the first partner’s death and then ceases, leaving the surviving partner without cover.
While many Life and Critical Illness Insurance providers offer medical services as part of their additional benefits offering, few tailor them specifically to critical illnesses.
Helping Hand includes access to specialist cardiac, oncology and stroke nurses who to offer free rehabilitation services if you get cancer or have a heart attack or stroke. These represent the most common Critical Illness Insurance claims.
If you choose Critical Illness Insurance, Royal London pays out as soon as you’re on the NHS waiting list for one of the 12 surgeries it covers. You don’t have to wait until you’ve had the procedure to claim.
That means you therefore get access to your payout faster, which can be useful if you cannot work while awaiting your operation.
Children’s Critical Illness Cover is an optional add-on for an extra premium. It’s not included free as standard with adult cover.
While this does mean you don’t pay for a service you won’t use if you don’t have children, many other providers offer it free. If you have children or plan to start a family, this is worth noting.
However, while Children’s Critical Illness Insurance isn’t free with adult cover, when you pay to add it Royal London offers one of the most comprehensive child benefits available.
For example, it pays out if your child suffers a terminal illness. It also pays out if your child meets the Total Permanent Disability definition, which most other insurers exclude from children’s cover.
Lastly, Royal London extends the adult pregnancy cover in the policy to your children up until their 21st birthday (23rd birthday if they’re in full-time education). Few other providers do so.
As you can see, when you compare Life Insurance providers and policies there are many points to consider. With so many factors and lots of different terminology at play, it can be tricky to do an accurate like-for-like comparison between providers.
We have a team of expert regulated advisers that are on hand to help you find the best life insurance for your circumstances.
We started Drewberry™ because we were tired of being treated like a number.
We all deserve a first class service when it comes to issues as important as protecting our health and our finances. Below are just a few reasons why it makes sense to talk to us.
For help and fee-free Life Insurance advice, please don’t hesitate to get in touch. Pop us a call on 02084327333 or email email@example.com.
Very helpful from start to finish. Talked through all the points and gave great advice.