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Royal London life insurance
  • £150,000 cover for £5.74 per month.*
  • You can add critical illness cover.
  • Select single or joint cover.
  • Compare plans from leading insurers.

Life insurance pays out a lump sum of cash upon your death, so that your loved ones can carry on their lives, without added financial burden.

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Royal London Life Cover

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Royal London Life Insurance

Various Types of Life Cover

There are various types of life insurance policy available. Standard life insurance, critical illness, mortgage cover, single or joint policies over various years. Request a call back from our advisors if you'd like some help.

Royal London Life Insurance UK

Protect Family Finances

It's a daunting thought, but with daily expenses and increasing costs in living, it is vital that you secure the future of those you love. Life Insurance will provide a lump sum to help with the mortgage and other household bills.

Why Buy Life Insurance?

It's a daunting thought, but with daily expenses and increasing costs in living, it is vital that you secure the future of those you love - and this is exactly what Life Insurance is for.

Life Insurance provides financial protection to your loved ones in the event of your death. No one likes to think about dying, which is why many of us either delay or fail to take out a policy when the time is right.

Without life insurance, the income you once provided for your family goes with you when you die. This could leave your family in a financial crisis at a time when they already have so much to cope with.

What length of life insurance policy should I choose?

Most people usually take out life insurance that lasts until some key date in the future. It could be when they intend to retire, when their mortgage is paid off, or when they feel their children may leave home.

Should I get a joint life or single life insurance policy?

Joint life insurance policies are available, but advisers will typically recommend two single life insurance policies as they usually cost hardly any extra and will provide double cover. (This means that if both people die together, both policies pay out, rather than just one joint policy).

Policies that include critical illness cover are almost certainly better split into two separate life insurance plans. For example, if one person is diagnosed with an illness like cancer, their partner will not want their insurance to be lost, which would be the case on a joint life, first claim policy.

Critical Illness Cover

If you are looking for a life insurance policy, then you might also want to consider adding critical illness cover. It’s a very popular option. Sadly, at least one in five men and one in six women will suffer from a serious medical condition at some stage in their lives.

How does critical illness insurance work?

Critical illness cover provides a lump-sum payment should you become seriously ill with a condition covered by your policy. Cover can be added to a life insurance or mortgage protection policy.

Most critical illness policies cover at least seven major medical conditions including cancer, heart attack, multiple sclerosis, stroke, major organ transplants and kidney failure.

The benefit is tax free and can be used to replace your income, help pay off your mortgage, help you cope with bills and living expenses and let you concentrate on getting better.

Mortgage Protection Insurance

If you have a partner, loved ones or dependents who rely on your income, and the house you live in is covered by a mortgage, then making plans as to how it will be paid in the event of your death is crucial. The solution to this problem is mortgage protection insurance.

Mortgage protection insurance, also known as mortgage life insurance and decreasing term life insurance, is designed to repay the outstanding balance of a standard repayment mortgage if you were to die during the period of cover. This means your family won't have to worry about continuing to pay the mortgage following your death.

What is the difference between decreasing term and level term life assurance?

Decreasing term life assurance is the cheapest form of life assurance. As time passes, and your mortgage debt reduces, the payout on death also reduces leaving your dependants with the money to pay the rest of the mortgage. Level term cover, which tends to be more expensive, pays out a set lump sum during the mortgage term.

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Royal London Life Insurance Info

Royal London is the largest mutual life, pensions and investment company in the UK, while also providing protection products in Ireland.

Royal London is registered in England with its head office in the City of London. It has other large offices in Wilmslow and Edinburgh, with smaller offices in Bath, Glasgow and Dublin.

Royal London History

Founded in 1861 by Joseph Degge and Henry Ridge in a London coffee shop, Royal London was initially set up as a friendly society dedicated to serving the interest of its members and securing their financial security. Royal London became a mutual life assurance society in 1908.

Other elements of the modern business are older than the primary brand: for example Royal Liver Assurance was founded in 1850, while the Irish business, until recently branded as Caledonian Life dates back to 1824, and represents the Caledonian Insurance Company founded in Edinburgh in 1805.

Royal London Asset Management (RLAM) a wholly owned subsidiary of the group was founded in 1988. RLAM employs 76 investment professionals, based in the company's London office.


On 31 December 2000 Royal London took over United Assurance Group plc. The transaction was the largest acquisition of a quoted UK company by a mutual. United Assurance Group itself had been formed by the merger of United Friendly and Refuge Assurance in October 1996.

On 2 October 2000 it was announced that Royal London would acquire Scottish Life, the Edinburgh-based pension specialist. Transfer took place on 1 July 2001.

In March 2003 Royal London launched a new start up protection business, Bright Grey based in Edinburgh.

In May 2008 Royal London concluded a transaction to acquire the open businesses of Resolution. These were the protection businesses Scottish Provident and Scottish Mutual; Phoenix Life Assurance Limited (formerly Abbey National Life) and Scottish Provident International.

At the beginning of 2009 the offshore businesses Scottish Provident International and Scottish Life International were combined to form a new entity, Royal London 360° based in the Isle of Man. This business was subject to a management buyout in November 2013. Royal London 360° rebranded to RL360° soon after the MBO.

In 2010 Royal London announced that it was in talks with Royal Liver Assurance over a possible acquisition. Terms were agreed in 2011 and the delegates of Royal Liver voted for the takeover at their AGM on 12 May 2011 and the transfer was completed on 1 July.

In 2013 The Co-operative Group agreed to sell its life & pensions and asset management businesses to Royal London. The proposed transaction gained the approval of Royal London members at an EGM in June 2013 and gained regulatory approval on 31 July 2013.

In 2015 Caledonian Life, the group’s Irish business rebranded to become Royal London Ireland.

At the end of 2015, Royal London completed the rebrand of its two UK protection businesses, Bright Grey and Scottish Provident to a new Royal London protection brand.

This completed the group’s journey to become a single Royal London brand. The group’s independent wrap platform has remained branded Ascentric.

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Royal London Life Insurance Offer

Royal London Level Cover Life Insurance has a payout amount that stays the same for the term of the policy, as does how much you pay each month.

As the payout amount does not change over time, it won't increase in line with inflation. The monthly payment for Level Cover is set, so is the length of time you pay for – you decide the term and payout amount when you take out a policy.

For example, you may set the length of the policy term to 25 years and the payout amount to £100,000. So, if you were to pass away at any time during that 25 year term, the payout to your loved ones would be £100,000.

It doesn't matter if you die after the first year or in the last year of the policy the payout would be the same.

Who is it for?

A Royal London Level Cover Life Insurance policy can be used by homeowners to protect an interest-only mortgage. For those who don’t have a mortgage, it can be used to cover any other fixed debt. Or if you have dependants, it can be used to help support them in the future.

Because the payout amount of a Level Cover policy is set, it can be matched to a mortgage. So homeowners can take out a policy where the cover amount is the same as the loan amount of their interest-only mortgage. When they die, the insurance payout can then help their family clear the mortgage.

With Level Cover, the payout amount stays the same, whether you’ve made one mortgage repayment or you’ve only got one left. If you die with the majority of your mortgage paid off, the leftover amount could be handed down to your dependants. Or, a family could invest the payout for them or use it to support them in the future.

Loved ones with a fixed debt other than a mortgage could benefit from a one-off payment. Or it could simply be used as a gift for your family so they aren’t struggling with monthly household payments.

Six reasons to get Level Cover

Still wondering why you should get the Royal London Level Cover Life Insurance?

Here are a few reasons:

1. A payout to help cover the mortgage so they don't lose the family home

2. Fixed payout and monthly payments so you can plan for the future

3. Terminal Illness Cover included at no extra cost

4. Be covered in minutes with their easy online application

5. Leave up to £500,000 to make a real difference for your family

6. From just £7 a month, that’s only 23p a day to protect your family!

Important things to know

Royal London Life Insurance has no cash-in value – it’s a protection policy only.

If you stop making payments, your cover ends and you won’t get anything back.

You can apply if you’re a UK resident aged between 18 and 70 and not a member of the Armed Forces, Territorial Army or reservists. 

Sometimes known as mortgage life insurance, Decreasing Cover refers to the fact that the payout amount falls each year. By the end of the term, the amount falls to zero. That’s why it’s generally used to help pay off a repayment mortgage, a debt that reduces as it’s being paid off to zero, when you own your home. So when taking out a policy, you could set the cover amount and the term of the policy to match the loan amount and length of your mortgage.

Royal London's reduces in line with a repayment mortgage with a fixed interest rate of 7%. The idea being that there’s always just enough cover to pay off the mortgage, if you die during the term of the policy.

As long as your interest rate is not greater than 7%, if a claim is made during the policy term, any outstanding repayments on your mortgage or loan should be covered.

Who is it for?

For anyone buying a property using a mortgage, Decreasing Cover can help cover the loan. The way it works makes it particularly suitable for protecting a repayment mortgage, or indeed any other loan that you’re repaying over time.

While the payout amount of Decreasing Cover decreases over time, the monthly payments are fixed, but normally less than level cover life insurance payments. So this type of insurance is good to consider if you are on a tight budget.

Another reason that you may choose this type of policy is that you think your dependents may not need such a large payout as the years go by. For example, if they are grown up and financially independent, they will not need as much of a large payment.

Seven reasons to get Decreasing Cover

Protect your home for your loved ones:

1. Designed to protect a mortgage so you don't lose the family home

2. Monthly payments typically less than Level Cover Life Insurance

3. Fixed monthly payments that never increase

4. Terminal Illness Cover included at no extra cost

5. Only a few minutes to get covered with an easy online application

6. Get cover up to £500,000, make a real difference for your family

7. From just £7 a month - that's only 23p a day to protect your family!

Important things to know

Royal London Life Insurance has no cash-in value – it’s a protection policy only.

If you stop making payments, your cover ends and you won’t get anything back.

You can apply if you’re a UK resident aged between 18 and 70 and not a member of the Armed Forces, Territorial Army or reservists. 

Our brokers can compare plans from the leading providers.

Get My Free Quotes