Life Cover
Overview, product details

Our Life Cover pays out when:

  • the person covered dies or
  • the person covered is diagnosed with a terminal illness

Key features:

  • Only 1 standard exclusion
  • Cover increase options
  • Instant cover
  • Helping Hand

Term of cover

1 - 40 years
~ 5 year renewable


Basis of cover

Single life or joint life
first event


Guaranteed or reviewable payments

Guaranteed


Maximum amount of cover

£5,000,000


Minimum age when cover starts

18 attained


Maximum age when cover starts

+64 attained
83 attained


Maximum age when cover ends

+74 attained
84 attained


Payment of cover

Lump sum
Level
Increasing
Decreasing


~ not available on decreasing covers
+ if cover is renewable

Exclusions

We won't pay a claim if:

  • your client is diagnosed with a terminal illness in the last 12 months of the plan, or
  • if it’s the result of any excluded cause shown on the cover summary

Decreasing cover can be:

  • decreasing monthly at a rate of interest chosen by your clients (between 0 and 15%)
  • decreasing yearly at a rate of interest chosen by your clients (between 0 and 15%)

Increasing cover can be:

  • a fixed rate between 2% and 5%
  • a rate based on the change in retail price index (between 2% and 10%)

Still got a question? Read the product FAQs

Quote & apply

Plan details

All about our business
protection menu plan,
covers and options



Bright Grey. More financial sense from Royal London

We are backed by the financial strength and stability that comes from being part of the Royal London Group, the UK’s largest mutual life and pensions company.

Bright Grey is a division of The Royal London Mutual Insurance Society Limited which is authorised and regulated by the Financial Services Authority No. 117672.
Group registered VAT number 368 5244 27.

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