Details of our Relevant Life Plan

Find out exactly how your clients can tailor the cover.

We offer relevant life cover for:

  • up to 30 times annual total remuneration for clients aged under 40 years
  • up to 25 times annual total remuneration for clients aged 40 to 49 years
  • up to 20 times annual  total remuneration for clients aged 50 to 59 years
  • up to 15 times annual total remuneration for clients aged 60 years and over.

Total remuneration could include dividends, benefits in kind and bonus.

The cover is flexible - it can be written on either a level, decreasing or increasing basis.

The employee or their family can make a claim when the person covered dies or meets our definition of a terminal illness. 

  • Basis – single life
  • Premiums – guaranteed payments
  • Payouts – lump sum
  • Amount of cover – level, increasing or decreasing over the term of the plan
  • Term – minimum one year, maximum 57 years
  • Renewable cover – five or ten-year renewable option available on level and increasing cover
  • Age when cover starts – minimum 18 years old, maximum 73 years old
  • Age when cover ends – maximum 75 years old
  • Amount – unlimited cover

To help protect against the effects of inflation, your clients can increase the amount of cover over the term of their plan in two ways:

  • Fixed rate – at a chosen rate of interest (between 2% and 5%)
  • Index-linked rate – based on the change in the retail price index (between 2% and 10%)

Your clients can reduce the amount of cover over the term of their plan:

  • Monthly – at a chosen rate of interest between 0 and 15%

We won't pay a claim if:

  • The claim is for death and is the result of intentional self-inflicted injury within 12 months of the date the cover started,
  • The claim is for a terminal illness and the person covered doesn't meet the definition of terminal illness defined  in our plan details; or
  • It’s the result of an exclusion shown on the cover summary

Terms and conditions

For full terms and conditions see our plan details

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

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. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.