Royal London are a very well-established provider of financial services and insurance products in the UK.
In fact, they are the largest UK-based mutual insurer with over £100 billion of funds currently under management.
In addition, although they may not be as well-known as household names such as Direct Line or Barclays, they can offer excellent customer service, value, and reliability so should be at the top of the list of anyone needing life insurance in the UK.
They are experts at offering highly-customised insurance cover, and are able to offer their products both directly and through financial advisers.
Let’s take a closer look at some of the products that they provide.
Royal London’s standard life insurance packages can be taken out quickly and easily, and may well cost a lot less than you imagined.
The basic level term cover is suitable for anyone who is aged between 18 and 70 and who is a UK resident at the time of their application.
Their packages start from as little as £7 a month (23p a day), and can be tailored to your precise needs.
Your needs can and will differ depending on whether you still have a mortgage, how many dependents you have, and if you have substantial savings and investments, all of which can drastically change the amount of cover which you would require.
You can buy your policy online via your computer, laptop or mobile device and their website states that it only takes a few minutes. There are several different options available.
Royal London’s whole of life cover policy is a comprehensive package, which as the name suggests, offers peace of mind through full cover for the rest of your life or as long as you want it.
This package in particular is rated as Defaqto five-star, meaning it is one of the best life insurance products on the market.
It also comes with what Royal London refer to as their “Helping Hand” service, which offers a dedicated, fully-qualified nurse should you need it at any time during your cover period.
This offers a range of benefits including access to further services if the nurse deems them appropriate, including rehabilitation therapy, speech therapy after a stroke, counselling and support and even an additional medical opinion.
This service doesn’t cost you anything, is available to you from the first day of the policy and even can be used by your immediate family should they need it.
This is potentially an invaluable service and seems to be very well liked by Royal London’s customers.
There is also the option with this plan to add on a “waiver of premium”, which means that if you find yourself unable to pay the monthly premium for any reason, this will not automatically cause the cessation of your cover. Different waiver periods are available.
It should be noted that this package is not available on Royal London’s website and can only be purchased through a financial adviser.
Diabetes is a long-term disease which can over the years affect the body in many ways and particularity in the later stages can be debilitating.
As such, it can be difficult for people with diabetes to find good quality life insurance cover, which is why Royal London have specifically tailored this plan for them.
It covers sufferers of both type 1 and type 2 diabetes, and even covers people with high HbA1c levels, which is a measure which shows how well the patient’s blood sugar levels have been controlled.
In diabetic patients, it is the constantly high levels of sugar in the circulating blood which damages the lining of blood vessels and ultimately leads to more serious problems such as blindness, gangrene and kidney damage amongst others.
A high HbA1c shows that the haemoglobin in the blood has been damaged by the sugar levels and is an indicator of how well their treatment is working.
Royal London rewards diabetic patients who take good care of themselves and show a low HbA1c accordingly, with discounts to their premiums of up to 40%.
The diabetes life cover also includes the incredibly useful “Helping Hand” service as previously mentioned, and as with their whole of life cover, this plan can only be purchased through a financial adviser.
We compare plans from the leading life insurance providers
Royal London’s basic life insurance plans can be purchased quickly and easily online.
Their plans offer very good levels of cover for the money and with excellent, award-winning customer support.
In addition, they are able to tailor packages to suit your needs exactly, and offer some specific packages which other companies do not.
Their life insurance plans have excellent reviews from both Fairer Finance and Defaqto, meaning that you can be confident that you are getting great value for money with Royal London.