Is Royal London The Best Over 50 Life Insurance Policy?

antoine fruchard Antoine Fruchard  updated on July 29, 2020

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 CriteriaSafe RatingOur 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

Safe rating for Royal London over 50 plan Life insurance

Expert and customer satisfaction reviews for Royal London

Review organisationConsumer satisfaction rates for Royal London over 50 Life insurance Plan
Defaqto4
Experts rating for Royal London

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. 

CriteriaRoyal London details
Minimum age50 years
Maximum age 80 years
Pay-out

Average of £10,000.

Extras
  • Payout Promise
Royal London life insurance in a nutshell

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 planDefinition Details
Fully insured Number of years paid to be fully insured

Full cover is provided after one year.

Funeral ExpenseThis 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 BenefitIf 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 coverThe cover is getting free at a certain age depending on insurance companies.  90 years
Royal London life insurance with free giftInsurance 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
Royal London Over 50 life insurance features

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 paymentMonthly payments can be reduced by bringing down the payout amount.
Monthly payment – Over 50 Royal London Life Insurance

How to contact Royal London life insurance?

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

ServicePhone NumbersOpening Hours 
Get a quote at Royal London0800 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

Royal London phone numbers

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

Royal London general contacts

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 emailNot available
Claim online

Not available

Claim by phone

0345 266 5400

Claim at Royal London life insurance

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 onlineNot available
Cancel by phone

0345 600 7788

How to cancel my Royal London life insurance?

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

Get a quote at Royal London

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.