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.
|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)|