Is Royal London The Best Over 50 Life Insurance Policy?

This is the ultimate review to guide you through the ins and outs of Royal London over 50 insurance. You might already know that Royal London has several different contract options.

Some are great. Some are less useful. Some are simply too expensive.

So, if you want to get better value for money from your Royal London over 50 plan, as well as indicative quotes and tips to lower your insurance premium, then you’ll probably love the following article.

Let’s dive right in!

Is Royal London over 50 plan the best life insurance?

When taking out life insurance, there are so many things to think about. Life insurance is one of the most important insurance plans to have, as it is the best way to protect your loved ones if something happens to you.

Royal London life insurance has a lot to offer. Here are the main points that you should look at before taking out life insurance with Royal London.

4 Safe overall rating for Royal London life insurance

Rating Criteria	Safe Rating	Our Review
Customer service satisfaction, claims and support		They have a 4.0/5 rating on TrustPilot Royal London has a 5 star rating on Defaqto Royal London has a 5 Star Rating from Fairer Finance Royal London was rated 4.7/5 for customer experience, and 4.8/5 as a product rating on the Feefo website No live chat or live bot option
Coverage options		Royal London offers Over 50 cover Immediate cover is provided in the event that the policyholder dies as a result of an accident With Royal London, insurance policies can be gotten regardless of health issues Whole-of-life cover is provided
Value for money		The over 50's insurance can be gotten for as low as £3.95 per month The maximum monthly premium to be paid is £100 per month An M&S or Argon gift card worth £100 is given to policyholders Full cover is provided after one year
Financial strength		Royal London is the UK's largest mutual life and pensions company offering a range of life insurance policies.
Apps and technologies		Quotes can be gotten online A life insurance calculator is available on the website Support services are available No livebot or chatbot option Claims can only be gotten via mail and phone call

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Expert and customer satisfaction reviews for Royal London

Review organisation	Consumer satisfaction rates for Royal London over 50 Life insurance Plan
Defaqto	4

Royal London insurance in a nutshell

In summary, here are the main features you need to know when taking out life insurance with Royal London.

Criteria	Royal London details
Minimum age	50 years
Maximum age	80 years
Pay-out	Average of £10,000.
Extras	Payout Promise

How does Royal London over 50s life insurance work?

Royal London over 50 life insurance is a whole-of-life insurance policy. The idea is to pay your life insurance with monthly installments. The day you pass away, it pays out a lump sum to pay different expenses, such as your funeral. You can also leave a sum of money to your loved ones.

What cover Royal London over 50s life insurance?

Your loved ones will receive a cash sum that can help towards:

• Funeral expenses
• A gift to loved-ones
• Unpaid bills, mortgages

Here are the main features proposed by Royal London over 50 insurance:

Features proposed by Royal London over 50 plan	Definition	Details
Fully insured	Number of years paid to be fully insured	Full cover is provided after one year.
Funeral Expense	This is a free service. It means that the money will go directly to a funeral director and will serve to pay for the funeral.	£300
Accidental Benefit	If an accident happens within the first year or second year (if it is two years before you get totally covered), your relatives will receive the cash sum.	Immediate insurance for accidental death is given in the event that the policyholder dies as a result of an accident in the first policy year.
Free cover	The cover is getting free at a certain age depending on insurance companies.	90 years
Royal London life insurance with free gift	Insurance companies usually propose free welcome gifts when taking out over 50 life insurance.	£100 M&S or Argos Gift Card is given to new policyholders and it is valid after 8 consecutive payments

How much is Royal London insurance?

How much you will pay for Royal London life insurance for over 50 depends on a lot of factors:

• Your age
• How much cover your want
• Some insurers will ask if you are a smoker or not.

Here is a table that recapitulates over 50 Royal London plan.

	Details
Min payment	£3.95
Max payment	£100
Flexible payment	Monthly payments can be reduced by bringing down the payout amount.

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How to contact Royal London life insurance?

Here are all the important phone numbers for contacting Royal London life insurance:

Service	Phone Numbers	Opening Hours
Get a quote at Royal London	0800 032 7781	Mon to Fri: 8am–7pm Sat: 9am–5pm Sun: 10am–4pm
How to claim at Royal London	0345 266 5400	Mon to Fri: 8am–7pm Sat: 9am–5pm Sun: 10am–4pm
How to cancel at Royal London	0345 600 7788	Mon to Fri: 8am–7pm Sat: 9am–5pm Sun: 10am–4pm

What are Royal London general contact details?

You will find in this table all the general contacts that you would need if you want to reach Royal London life insurance:

	General contacts
Mailing address	Royal London Insurance Gracechurch Street 55 EC3V London United Kingdom
Social media	Twitter, LinkedIn, YouTube
Chatbot	No

How to claim at Royal London life insurance?

You will find on this table the different possibilities for reporting a claim on your Royal London life insurance:

	How to claim on your life insurance at Royal London?
When to claim?	As soon as possible
Claim by mail	Customer Services PO Box 409 Royal London House Alderley Road Wilmslow SK9 0EG
Claim by email	Not available
Claim online	Not available
Claim by phone	0345 266 5400

How to cancel my Royal London life insurance?

You will find on this table the different ways to cancel your Royal London life insurance:

	How to cancel your life insurance at Royal London
Fees	If the insurance policy is cancelled within 30 days, the premium paid would be refunded fully If the insurance policy is cancelled after 30 days, no refunds would be made
Cancel by mail	Customer Services PO Box 409 Royal London House Alderley Road Wilmslow SK9 0EG
Cancel by email	over [email protected]
Cancel online	Not available
Cancel by phone	0345 600 7788

How do I get Royal London life insurance quotes?

Here are the different ways to get a life insurance quote at Royal London:

	How to get a life insurance quote at Royal London
Quote online	On the Home Page, Click on the "Get a free quote" option
Quote phone	0800 032 7781

How do I log into Royal London life insurance?

There is no Login option for life insurance however, there is a Pension Plan Login option on the Home page.

Do we recommend Royal London life insurance?

Royal London is one of the largest life insurance and pensions companies in the UK. It was founded in 1861 and has been in operation for more than 150 years. The Royal London Mutual Insurance Society Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority and this makes them able to pay out claims easily. Royal London offers cover for policyholders over 50 and also whole of life cover. Extras like the Funeral Benefit option which is worth £300 are provided, the maximum benefit amount is £10,000 which is an average amount for an over 50 insurance. Immediate cover is provided after a year, accidental benefit cover is provided. They also have a poor rating of 2 stars on Defaqto and a 4 star rating on TrustPilot. Their services are recommended as they are reliable and have a strong financial capability to pay out insurance claims.