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Craig Paterson
Chief Underwriter

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Making it easier to get cover to more clients: our improved underwriting limits

Published  17 April 2024
   5 min read

We’ve recently updated key underwriting limits, improving our underwriting journey and making it easier for you to do business with us.

The changes, which include increasing the limits for salary sense checks, financial questionnaires and corroborative financial evidence, will help you deliver better client outcomes and get cover to clients with a higher net worth, quicker.

Our new underwriting limits

As at 8 April 2024:

Life Cover (Single and Joint Life First Death) Personal Business
  Current New Current New
No Automatic Evidence <=£1,000,000 <=£1,500,000 <=£2,000,000 <=£2,500,000
Salary Sense Check £1,000,001 to £2,000,000 £1,500,001 to £2,500,000 N/A N/A
Financial Evidence >£2,000,000 >£2,500,000 >£2,000,000 >£2,500,000
Corroborative Evidence >£3,500,000 >£4,000,000 >£3,500,000 >£4,000,000
Life Cover (Joint Life Second Death)
  Current New
No Automatic Evidence <=£2,000,000 <=£2,000,000
Financial Information on Application £2,000,001 to £3,500,000 £2,000,001 to £4,000,000
Corroborative Evidence >£3,500,000 >£4,000,000
Relevant Life Plan
  Current New
No Automatic Evidence <=£1,000,000 <=£1,000,000
Salary Sense Check £1,000,001 to £3,500,000 £1,000,001 to £4,000,000
Corroborative Evidence >£3,500,000 >£4,000,000

 

Delivering better outcomes for more clients

Our people are dedicated to ensuring you and your clients experience great service when you choose to place business with us. Increasing our underwriting limits to make your new business processes more efficient is just one of the ways we help you deliver a great client experience.

Our specialist protection team are here to help you get the right cover for clients with more sophisticated financial needs.

To find out more about how we can support you, speak to your usual Royal London contact or get in touch for a call back from one of our team.

Get in touch for a call back

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