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 10th of 25 providers reviewed.

Claims score 80.25%
Complaints performance 85.79%
Transparency rating 64.45%
Fairer Finance score
Reviewed Spring 2021

Life insurance

Over 50s life insurance

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 £300.00