Financial underwriting limits

We will ask your client for additional financial information in certain circumstances. 

Use this simple tool to reveal what evidence we need to see depending on the amount of cover asked for. All figures below include any existing cover with Royal London, or other insurers.

Corroborative evidence (minimum requirements) table

Family Protection Evidence of income from employer or accountant (P60 or equivalent)
Inheritance Tax Accountant's or solicitor's letter to confirm the value of the estate
Loan or Mortgage Cover Copy of offer letter or loan/mortgage agreement.
Additionally for a business loan, audited accounts covering the last 3 years.
Key Person Cover Audited accounts covering the last 3 years
Proof of income (P60 or equivalent)
Partnership or Shareholder Protection Audited accounts covering the last 3 years
Sight of the partnership or share purchase agreement.
Business related Income Protection Employed - Latest P60 or last 3 payslips
Self Employed - 2 years' proof of earnings e.g. salary or earned income confirmed by HMRC
Additionally for Key Person IP, we will also require audited accounts covering the last 3 years
Relevant Life Plan Evidence of income from employer or accountant (P60 or equivalent)
Last updated: 09 May 2016

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London EC3V 0RL.