Royal London

Royal London is the UK's largest mutual life, pensions and investment company, meaning it's owned by its customers and not by private shareholders.

Royal London was established in 1861, making it one of the UK's oldest mutual insurance societies.

As well as the Royal London brand, it also owns the Scottish Provident and Scottish Life brands, which merged under the parent brand in 2015. It has only recently launched products which are available for customers to buy directly including life insurance and funeral plans.

Royal London
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Gold ribbon: first place

Life insurance

Ranked 12th of 26 providers reviewed.

Claims score 80.25%
Complaints performance 86.89%
Transparency rating 56.44%
Fairer Finance score
Reviewed Autumn 2021
75%

Life insurance

Over 50s life insurance

Royal London

Royal London Essential Over 50's (Via MSM)

4 stars
Age when premiums stop i 95
Cover for accidental death in waiting period i Full payout
How long after policy is started can full benefits be claimed? i 24 months
Maximum age i 80
Payout for accidental death outside waiting period i Full payout
Can you reduce monthly payments? i
If a payment is missed, how long until the policy is cancelled? i 60 days
Does the policy offer the customer a proportionate amount of money back if they choose to cancel after paying 50% or more of the scheduled monthly payments? i
Discount offered with a funeral provider? i

Royal London

Royal London Over 50s Life Cover

4 stars
Age when premiums stop i 95
Cover for accidental death in waiting period i Full payout
How long after policy is started can full benefits be claimed? i 12 months
Maximum age i 80
Payout for accidental death outside waiting period i Full payout
Can you reduce monthly payments? i
If a payment is missed, how long until the policy is cancelled? i 60 days
Does the policy offer the customer a proportionate amount of money back if they choose to cancel after paying 50% or more of the scheduled monthly payments? i
Discount offered with a funeral provider? i